Business & Finance News
SEOUL (Reuters) – Samsung Electronics Co Ltd is expected to post its smallest profit growth in more than a year in the second quarter, as lacklustre sales of its premium Galaxy smartphones overshadow its highly profitable chip business.
HONG KONG (Reuters) – The number of craft beer brewers in Hong Kong has risen to more than 35 from none five years ago and many are betting on China’s expanding market to fuel sales, especially as the mainland develops an economic zone just a few miles away.
(Reuters) – Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported on Tuesday, citing three people familiar with the matter.
FRANKFURT (Reuters) – Thyssenkrupp Chief Executive Heinrich Hiesinger said he would restructure the German industrial conglomerate further after signing a long-awaited deal to merge its steel assets with those of India’s Tata Steel .
(Reuters) – Barnes & Noble Inc said on Tuesday it terminated Demos Parneros as chief executive officer, citing violations of the bookseller’s policies.
(Reuters) – The U.S. Commerce Department has granted ZTE Corp, China’s No. 2 telecommunications equipment maker, the authority to engage in commercial transactions needed to maintain existing networks and equipment in the United States as it works toward the lifting of a U.S. sales ban.
(Reuters) – Barnes & Noble Inc on Tuesday said it terminated Chief Executive Officer Demos Parneros, citing violations of the retail bookseller’s policies.
(Reuters) – Tesla Inc shares closed sharply lower on Tuesday amid analyst skepticism about its Model 3 cars and a news report that said the company had stopped running a brake test on its cars.
NEW YORK (Reuters) – U.S. retailer Walmart Inc faced an outcry from supporters of President Donald Trump on Tuesday for listing for sale on its open marketplace clothing with the slogan “Impeach 45,” an apparent reference to Trump, the country’s 45th president.
HAVANA (Reuters) – In the busy summer travel period in Cuba, a long line of people wait for hours in the sweltering heat outside the Havana office of state-owned airline Cubana, many of them eager to visit families in the provinces.
NEW YORK (Reuters) – A three-year U.S. Securities and Exchange Commission investigation found that Dow Chemical failed to properly disclose around $3 million in perks for former Chief Executive Andrew Liveris, ranging from personal use of company aircraft to sporting events and dues Dow paid to a charity Liveris chaired.
GENEVA (Reuters) – Major U.S. trading partners including the European Union, China and Japan voiced deep concern at the World Trade Organization (WTO) on Tuesday about possible U.S. measures imposing additional duties on imported autos and parts.
PARIS/LONDON (Reuters) – A deal between Carrefour and Tesco to team up on global purchasing will help them not only cut prices but also expand their own-label ranges, tightening a squeeze on major brand producers such as Nestle and Kraft Heinz.
(Reuters) – Wall Street dipped on Tuesday, weighed down by Apple, Facebook and other technology stocks, in a trading session ending early ahead of the U.S. July 4 holiday.
(Reuters) – In a World Cup brimming with upsets, Nike Inc looks on track to defeat soccer juggernaut and archrival Adidas AG in the closely watched jersey sponsorship battle.
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