Business & Finance News
New U.S. sanctions against Iran took effect on Tuesday, and President Donald Trump, who defied Washington’s allies to impose them, pledged that companies doing business with Tehran would be barred from doing business with the United States.
Nestle sees no direct fallout from renewed U.S. sanctions on Iran, the world’s biggest food company said on Tuesday.
Rising overseas costs, particularly in Norway, overshadowed an improvement in sales at Domino’s Pizza Group , pushing first-half pre-tax profit down almost 10 percent and sending the company’s shares to an 11-month low.
Billionaire investor Carl Icahn on Tuesday urged Cigna Corp shareholders to vote against the health insurer’s $52 billion acquisition of Express Scripts Holding Co .
Mattress Firm Inc, the largest U.S. mattress retailer, is considering a potential bankruptcy filing as it seeks ways to get out of costly store leases and shut some of its 3,000 locations that are losing money, people familiar with the matter said.
A $250 million superyacht, impounded as part of a hunt for assets linked to the multi-billion dollar investigation into 1Malaysia Development Bhd, arrived at a port in Malaysia on Tuesday about six months after it was seized.
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, sources told Reuters.
World shares edged toward a six-month high on Tuesday, as the biggest jump in Chinese stocks for over two years and an upbeat start for Europe followed Wall Street’s best close since January.
Tesla Inc has started hiring for its new Shanghai factory, according to job postings on its website, just a month after the U.S. electric vehicle (EV) maker signed agreements with local authorities for the $2 billion project.
Baidu Inc is prepared to win against Alphabet Inc’s Google in China, its chief executive officer said on social media, amid rumblings the U.S. search engine giant was planning to re-enter a market it left eight years ago.
GlaxoSmithKline has named Iain Mackay from global bank HSBC as its new chief financial officer, marking another key appointment by Chief Executive Emma Walmsley as she reshapes the top team at Britain’s biggest drugmaker.
German car and truck manufacturer Daimler on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday.
A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict.
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters.
Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war.
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