Business & Finance News
HONG KONG (Reuters) – Shares of ZTE Corp plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week.
FRANKFURT (Reuters) – Volkswagen’s truck and bus division on Friday named Christian Schulz as its new finance chief, replacing Matthias Gruendler, who resigned for personal reasons last month.
(Reuters) – Six former and current employees of Fitbit Inc were charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday.
BEIJING/WASHINGTON (Reuters) – The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from Beijing, several sources said.
(Reuters) – Six former and current employees of Fitbit Inc were charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday.
BEIJING (Reuters) – China said on Friday it would respond quickly to protect itself if the United States hurts its interests, as U.S. President Trump gets ready to unveil revisions to his initial tariff list targeting $50 billion of Chinese goods.
LONDON (Reuters) – McDonald’s will replace plastic straws with paper ones in all its restaurants in the United Kingdom and Ireland, starting from September, the BBC reported on Friday.
HONG KONG (Reuters) – Shares of Chinese telecommunications giant ZTE Corp fell as much as 10 percent on Friday, continuing a slide that has wiped more than $4 billion off its market value in the past three days.
MADRID (Reuters) – The pioneer of fast fashion isn’t looking so fast anymore.
TOKYO (Reuters) – Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.
WASHINGTON (Reuters) – A proposal to simplify a rule banning banks from proprietary trading, rather than making life easier for Wall Street, could ensnare billions of dollars’ worth of assets not currently caught by the regulation.
BEIJING/SHANGHAI (Reuters) – China is yet to approve U.S. chipmaker Qualcomm Inc’s proposed $44 billion acquisition of NXP Semiconductors , three people close to the talks said, dismissing an earlier media report that said Beijing had already greenlit the deal.
MELBOURNE (Reuters) – After spending a decade and billions of dollars developing Australia’s vast gas reserves, U.S. energy giant Chevron Corp and local firm Woodside Petroleum are at odds over the pace and timing of the next leg of expansion.
TOKYO (Reuters) – Asian shares wobbled on Friday as investors braced for U.S. tariffs against China, while the euro flirted with two-week lows after a cautious European Central Bank indicated it would not raise interest rates for some time.
TOKYO (Reuters) – The euro on Friday was headed for its worst weekly loss in 19 months after a cautious European Central Bank signaled it will keep interest rates at record lows well into next year.
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