Business & Finance News
Asian share markets looked set to bounce on Monday following favorable U.S. jobs data, while sterling slipped after a key member of the British government resigned over Brexit and put the future of Prime Minister Theresa May in doubt.
PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2 billion, in the U.S. payments company’s biggest ever deal.
The French government insisted on Sunday that Washington should expect united retaliation from Europe to further tariff increases after Germany signaled it was prepared to negotiate.
China’s COSCO Shipping Holdings said on Sunday a key U.S. review body has cleared its planned $6.3 billion acquisition of shipping firm Orient Overseas International Ltd (OOIL) on security issues.
The United States can expect a strong and united response from Europe to any further tariff increases, French Finance Minister Bruno Le Maire said on Sunday, warning a trade war was already underway.
China’s Huawei, the world’s largest maker of telecommunication network equipment, does not see itself becoming the target of U.S. sanctions and will keep buying U.S. chips this year, one of its three rotating chairmen told a French newspaper.
IMF Managing Director Christine Lagarde said on Saturday that a proposed joint euro zone budget could be designed with conditions so that it does not become a no-strings-attached transfer of rich countries’ cash to poorer members.
French telecoms firms Orange is open to discussing potential tie-ups with other operators in its home market but is not likely to be the instigator of consolidation in the sector, financial chief Ramon Fernandez said.
A departing senior executive at China’s ZTE Corp, which is fighting a crippling U.S. supplier ban, said in a letter to staff on Friday that his departure amid a Sino-US trade war was “deeply humiliating”.
China will stick to the path of opening its markets and other reforms that has lifted its growth, Premier Li Keqiang said on Saturday, a day after the Washington and Beijing slapped tariffs on $34 billion worth of each others’ imports.
China will keep to the path of reform and opening up its markets that has lifted its growth, Premier Li Keqiang said on Saturday, a day after the United States and China slapped tariffs on $34 billion worth of the other’s imports.
Federal Reserve Chair Jerome Powell spends more time with U.S. lawmakers, White House advisers, and bankers than did his predecessor Janet Yellen, who tended to favor meetings with professors, the Treasury secretary and community advocates.
BP Plc is in the lead to acquire the U.S. onshore shale oil and gas assets of BHP Billiton Ltd after submitting an offer worth well in excess of $10 billion, people familiar with the matter said on Friday.
Twitter Inc suspended more than one million accounts a day in recent months to lessen the flow of misinformation on the platform, the Washington Post reported on Friday, citing data it obtained.
U.S. stocks climbed on Friday, with the S&P 500 and the Nasdaq hitting their highest levels in two weeks, as strong U.S. jobs growth blunted the impact of an escalating U.S.-China trade dispute.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
