Business & Finance News
Saudi Arabia started signing deals worth more than $50 billion in sectors including oil, gas and infrastructure at an investment conference in Riyadh on Tuesday.
An ugly start to European trading pushed world shares towards their lowest level in a year on Tuesday, as negative drivers from Saudi Arabia’s diplomatic isolation to worries about Italy’s finances and trade wars piled on the pressure.
U.S. car manufacturer Ford will stop car production in its plant in Almussafes in eastern Spain for nine days during November due to a lower demand for its vehicles, a spokesman said on Tuesday.
U.S. healthcare conglomerate Johnson & Johnson said on Tuesday it is acquiring all outstanding shares of Japanese cosmetics firm Ci:z Holdings Co Ltd that it does not already own for 230 billion yen ($2.05 billion).
South Korea’s Lotte Group, whose chairman was released from jail this month, has reset a five-year investment plan just two years after its initial announcement, saying it now aims to spend 50 trillion won ($44.05 billion) through 2023.
Tesla Inc Chief Executive Elon Musk said Twitter had locked his account thinking it had been hacked.
Asian shares slumped on Tuesday as a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to fresh worries about trade wars whacked sentiment across the region.
Philip Morris International Inc released cheaper versions of its IQOS “heat not burn” products in Japan on Tuesday as it tries to revive sales and ward off competition from other alternatives to conventional cigarettes.
UBS allows all its staff to travel “freely in and out” of China and it is business as usual there, the Swiss bank said, after local authorities last week asked one of its bankers to delay her departure from Beijing to meet with officials.
Mitsubishi Heavy Industries is arranging 220 billion yen ($2 billion) in financial support for its aircraft unit, which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.
Mitsubishi Heavy Industries is set to inject 220 billion yen ($2 billion) into its aircraft unit which has struggled to deliver its first passenger plane, national broadcaster NHK reported on Tuesday.
Asian shares fell on Tuesday as earnings season nerves in the U.S. dented Wall Street, while a cocktail of negative drivers from Saudi Arabia’s diplomatic isolation to concerns over Italy’s budget and Brexit talks depressed sentiment.
Philip Morris International Inc will sell cheaper versions of its IQOS “heat not burn” products in Japan from Tuesday and introduce new upgraded products next month to expand market share, its chief executive said.
A U.S. judge on Monday affirmed a verdict against Bayer AG unit Monsanto that found its glyphosate-based weed-killers responsible for a man’s terminal cancer, but said the $250 million punitive damages portion of the award had to be reduced.
Microchip firm Qualcomm Inc is joining Amazon.com Inc to spread the use of Amazon’s Alexa voice assistant in wireless headphones, the companies said on Monday.
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