Business & Finance News
White House economic adviser Larry Kudlow said on Tuesday that a reduction in Chinese tariffs on U.S. cars and agricultural and energy commodities would be a “litmus test” for whether U.S.-China trade talks are on track to succeed.
Siemens wants to grow its building technologies business faster than the overall construction market next year, possibly with help from acquisitions, the business’ chief executive Matthias Rebellius said on Tuesday.
Exxon Mobil and Chevron are seeking to sell their stakes in Azerbaijan’s largest oilfield, marking the retreat of the U.S. majors from the former Soviet state after 25 years as they re-focus on domestic production.
United Parcel Service Inc on Tuesday said it is rolling out a new navigation tool designed to reduce costs for the company and headaches for its roughly 60,000 U.S. package delivery drivers.
U.S. stock index futures pointed to a lower opening for Wall Street on Tuesday, as investors turned skeptical of the chances of a breakthrough in the U.S.-China trade talks, while a flattening U.S. yield curve raised fears of a slowing domestic economy.
Deflating hopes of a swift resolution to the Sino-U.S. trade war knocked world stocks off a three-week high on Tuesday, while recession warning lights in U.S. bond markets weighed on the dollar.
Thomson Reuters Corp said on Tuesday that it will cut its workforce by 12 percent by 2020, axing 3,200 jobs, as part of a plan to streamline the business and improve operating efficiencies.
As White House officials fanned out to talk up what U.S. President Donald Trump called “an incredible deal” with China to hit pause in their trade war, Beijing has said little on a pact that cheered markets but left many questions unanswered.
Nissan Motor Co failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the carmaker in the wake of his arrest and dismissal for alleged financial misconduct last month, Kyodo News said.
Europe’s Airbus is teaming up with a new U.S. partner, Lockheed Martin , to try to crack the U.S. military air tanker market eight years after losing out to rival Boeing in a bitter battle to supply tankers to the U.S. Air Force.
Unilever’s incoming chief executive Alan Jope plans to stick to the 2020 targets set by his predecessor Paul Polman, Jope said on Tuesday, confirming a message of continuity set last week by the company chairman.
Oil prices rose more than 2 percent on Tuesday, extending gains ahead of expected output cuts by producer cartel OPEC and a reduction in Canadian supply.
Almost eight years after losing a historic U.S. Air Force tanker competition to rival Boeing Co , Europe’s Airbus is teaming up with a new partner, top U.S. arms maker Lockheed Martin , to pursue billions of dollars of follow-on orders, sources familiar with the matter said.
External board members of Nissan Motor Co failed on Tuesday to nominate a successor to Carlos Ghosn as chairman of the carmaker in the wake of his arrest and dismissal for alleged financial misconduct, Kyodo News reported.
The global system of international trade is in crisis, the World Trade Organization (WTO) warned on Tuesday, as German car bosses gathered in Washington hoping to stave off potential tariffs on U.S. imports of luxury cars.
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