Business & Finance News
China told the World Trade Organization (WTO) on Tuesday it wanted to impose $7 billion a year in sanctions on the United States in retaliation for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties.
Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, compared with 50 planes a year earlier, and 29 units in July.
Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday.
Mobile telecom gear maker Ericsson said on Tuesday it had signed a $3.5 billion multi-year deal to support T-Mobile US’ 5G network deployment, the biggest 5G order that Ericsson has announced.
U.S. stocks were little changed on Tuesday, as gains in technology stocks helped the Nasdaq regain footing and curbed losses in the materials and industrials sectors due to fears of an escalation in Sino-U.S. trade spat.
U.S. stocks opened lower on Tuesday, weighed down by fears over the escalating trade spat between the United States and China.
It is an image that became a symbol of the global financial crisis — about 20 bankers, their backs turned to the window, attending an emergency meeting at the London office of Lehman Brothers as the firm slid toward collapse.
A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds.
As financial market participants reflect on the 10th anniversary of Lehman Brothers’ collapse, the consensus is there will be no repeat of the near-death experience, largely because authorities simply will not allow it.
JPMorgan Chase & Co said on Tuesday it will establish a wealth management business in Luxembourg and boost offerings at its investment banking and custody and fund businesses.
Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.
A whistleblower fighting extradition to Switzerland for leaking details of thousands of clients of HSBC’s private bank there said on Tuesday his actions had played a key role in helping other European countries uncover tax frauds.
World stocks slipped back towards three-week lows on Tuesday, on ongoing concerns over the trade dispute between Washington and Beijing, while the pound hovered near a five-week high on hopes of a UK-EU deal over Brexit.
Consumer goods giant Unilever laid out details on Tuesday for the planned December listing of its new Dutch entity, which has sparked criticism from some UK shareholders and become swept up in the debate over Brexit.
ING Groep’s Chief Financial Officer is to step down amid a public backlash after the Dutch bank admitted last week it had failed for years to prevent money laundering and agreed to a 775 million euro ($900 million) settlement with prosecutors.
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