Business & Finance News
Global equities remained under pressure with stocks in Asia down for the sixth straight day on Thursday amid fragile investor confidence in the wake of turmoil in emerging markets and anxiety about a major escalation in the U.S.-China trade conflict.
The U.S. Department of Justice and state attorneys general will meet this month to discuss concerns that social media platforms are “intentionally stifling the free exchange of ideas,” the department said on Wednesday.
The United States and Canada have made progress in talks to revise the North American Free Trade Agreement, and officials from the two sides will work together into the night to flesh out areas for further discussion, Canadian Foreign Minister Chrystia Freeland said on Wednesday.
Under CEO John Borghetti, Virgin Australia Holdings Ltd transformed from a budget airline into a serious rival to Qantas Airways Ltd with the backing of strategic investors including Singapore Airlines Ltd and China’s HNA Group.
Canadian Foreign Minister Chrystia Freeland said that U.S. and Canadian negotiators would continue to talk late into Wednesday evening to try to reach agreement on bilateral terms to reach a new North American Free Trade Agreement.
Freddie Mac , the No. 2 U.S. mortgage finance company, said on Wednesday Chief Executive Officer Donald Layton would retire in the second half of 2019, after six years at the helm.
British drugmaker GlaxoSmithKline Plc said on Wednesday it would cut about 650 positions in the United States related to a global restructuring program it announced in July.
Pricing practices within American Express Co’s foreign-exchange unit is being probed by the Federal Bureau of Investigation (FBI), the Wall Street Journal reported, citing people familiar with the matter.
CBS Corp is in settlement talks with Shari Redstone and her family’s holding company National Amusements Inc over a litigation for the control of the broadcaster, a source familiar with the matter told Reuters.
The U.S. Department of Justice and state attorneys general will meet this month to discuss concerns that social media platforms are “intentionally stifling the free exchange of ideas,” the department said on Wednesday.
Don’t mess with U.S. Senator Marco Rubio.
Tesla’s stock and bond prices dropped on Wednesday after Chief Executive Elon Musk renewed an attack on a British caver whom he had previously insulted on social media and a day after Mercedes unveiled a challenge to the electric car maker.
U.S. President Donald Trump said on Wednesday that the United States was not yet ready to come to an agreement over trade disputes with China but he said talks would continue.
The Nasdaq fell more than 1 percent on Wednesday, dented by technology stocks after Facebook Inc and Twitter Inc executives defended their companies before skeptical U.S. lawmakers.
Emerging market stocks lead declines in indexes across the globe on Wednesday as investors looked to take risk off the table while a deadline in the U.S.-China trade conflict loomed and U.S.-Canada trade talks resumed.
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