Business & Finance News
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc on Tuesday said it has more than doubled its investment in generic drugmaker Teva Pharmaceutical Industries Ltd , and confirmed it has become Apple Inc’s second-largest shareholder.
MEXICO CITY (Reuters) – Mexico’s economy minister said that he saw diminishing chances for a new North American Free Trade Agreement ahead of a Thursday deadline to present a deal that could be signed by the current U.S. Congress.
NEW YORK (Reuters) – U.S. stocks fell on Tuesday, and the Dow snapped an eight-day winning streak, after bond yields rose, strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China.
CARACAS/VALENCIA (Reuters) – Venezuelan President Nicolas Maduro blasted U.S.-based cereal maker Kellogg Co on Tuesday for pulling out of the country due to the economic crisis and vowed to hand over the company’s factory to workers.
(Reuters) – Ride-hailing companies Uber Technologies Inc [UBER.UL] and Lyft Inc scrapped mandatory arbitration to settle sexual harassment or assault claims, giving victims several options to pursue their claims including public lawsuits.
HONG KONG/TORONTO (Reuters) – China’s Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile’s Sociedad Quimica Y Minera (SQM) , one of the world’s biggest lithium producers, for about $4.3 billion, two people close to the transaction said.
FRANKFURT (Reuters) – Germany’s BMW will target a group pre-tax profit of more than 10 billion euros ($11.9 billion) this year, finance chief Nicolas Peter told newspaper Handelsblatt on Tuesday, as the carmaker seeks to achieve double-digit margins in the long run.
(Reuters) – A surge in U.S. government bond yields to their highest level in almost 7 years sent Wall Street shares sliding on Tuesday after strong retail sales data stoked inflation concerns and investors fretted about looming trade talks between the United States and China.
SAN FRANCISCO (Reuters) – Tesla Inc will pause production at its California factory for six days at the end of the May to work on fixes to its assembly line for its new Model 3 sedan, sources inside the company told Reuters.
HONG KONG/TORONTO (Reuters) – China’s Tianqi Lithium is nearing a deal to buy a 24 percent stake in Chile’s Sociedad Quimica Y Minera (SQM), one of the world’s biggest lithium producers, for about $4.3 billion, two people close to the transaction said.
(Reuters) – Wall Street slipped on Tuesday after retail sales data pointed to a steady rise in inflation, reviving fears of faster interest rate hikes, while a lack of progress in U.S.-China trade talks continued to weigh on the market.
WASHINGTON (Reuters) – U.S. retail sales increased marginally in April as rising gasoline prices cut into discretionary spending, but consumer spending appeared on track to accelerate after slowing sharply in the first quarter.
WASHINGTON (Reuters) – The U.S. Department of Homeland Security on Tuesday unveiled a new national strategy for addressing the growing number of cyber security risks as it works to assess them and reduce vulnerabilities.
MEXICO CITY (Reuters) – Mexico’s economy minister said on Tuesday that he saw diminishing chances for a new North American Free Trade Agreement ahead of a May 17 deadline to present a deal that could be signed by the current U.S. Congress.
WASHINGTON (Reuters) – White House economic adviser Larry Kudlow said on Tuesday it was far from certain what steps the U.S. government would take on China’s ZTE Corp, which he characterized as an enforcement, rather than trade, issue.
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