Business & Finance News
Asian shares dithered on Wednesday and the dollar jumped to a near 1-1/2-year top as risk assets rowed back amid conflicting signals on prospects for de-escalating the Sino-U.S. trade dispute.
BMW is considering a second U.S. manufacturing plant that could produce engines and transmissions, Chief Executive Harald Krueger said on Tuesday, shortly after a report that U.S. President Donald Trump would impose tariffs on imported cars from next week.
A Republican lawmaker wants to change a single word in the Trump administration’s farm aid program saying some soybean growers in Louisiana cannot qualify for the payments designed to offset farmers’ losses from tariffs against China.
Mergers and acquisitions targeting Hong Kong financial firms have slumped this year, with insurance sector deals particularly hard hit, as China’s moves to tighten capital controls and crack down on corporate debt have driven mainland buyers away.
U.S. President Donald Trump on Tuesday reiterated his criticism of Federal Reserve Chairman Jerome Powell, saying rising interest rates and other Fed policies were damaging the U.S. economy, the Washington Post said.
Oshkosh Corp has been awarded a $1.7 billion modification to a U.S. defense contract to exercise options for 6,107 vehicles and 22,166 kits, the Pentagon said on Tuesday.
Sears Holdings Corp won court approval on Tuesday for a new deal clinching $350 million in critical bankruptcy financing that will keep the 125-year-old retailer operating through the holidays while it attempts to reorganize.
Cryptocurrencies are here to stay despite a prolonged slump this year, and will gain wider acceptance after the recent entry of more institutional investors in the space, Mohamed El-Erian, chief economic adviser at Allianz, said on Tuesday.
Deutsche Bank AG is planning a high-level shake up that could result in the departure of top executives central to its relationships with key regulators in the United States and Europe, the Wall Street Journal reported on Tuesday.
The S&P 500 and the Dow Jones Industrial Average edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war.
Stocks on Wall Street logged modest gains on Tuesday as traders remained hopeful that the United States and China can work toward resolving their trade-related differences at the upcoming G20 Summit.
Walt Disney Co and Twenty-First Century Fox Inc on Tuesday rejected claims in a Malaysia casino operator’s lawsuit accusing them of abandoning a licensing contract tied to the planned construction of a Fox-branded theme park.
U.S. President Donald Trump is open to reaching a deal on U.S.-China trade irritants over dinner on Saturday with Chinese leader Xi Jinping but is ready to hike tariffs on Chinese imports if there is no breakthrough, White House economic adviser Larry Kudlow said on Tuesday.
Amazon.com Inc said on Tuesday it was starting a new antenna service for uploading and downloading data from satellites, in a bid to lure space industry and other customers to the cloud.
The S&P 500 and Dow edged higher on Tuesday after White House economic adviser Larry Kudlow said a meeting between President Donald Trump and his Chinese counterpart on Saturday was an opportunity to “turn the page” on a trade war.
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