Business & Finance News
TOKYO (Reuters) – Toshiba Corp is upbeat about the prospects of clearing China’s antimonopoly review of the $18 billion sale of its chip unit, its CEO said, dismissing reports it may pursue alternative plans if the review drags beyond the deal’s deadline.
JERUSALEM (Reuters) – Israeli Economy Minister Eli Cohen said on Tuesday he was told by U.S. chipmaker Intel Corp that the company’s board has approved a plan to expand its operations in Israel.
TOKYO (Reuters) – SoftBank Group Corp Chief Executive Masayoshi Son said on Tuesday a second Vision Fund would be set up in the near future, adding that investment for the new fund could come from investors in the first fund or from institutional investors.
LONDON (Reuters) – World stocks fell on Tuesday as investors digested soft Chinese economic data and a lack of progress in U.S.-China trade talks, while a rise in U.S. borrowing costs supported the dollar.
ISTANBUL (Reuters) – Turkey’s lira slid to a record low and bond yields briefly touched their highest in at least eight years on Tuesday, after President Tayyip Erdogan said he plans to take greater control of the economy after elections next month.
BUDAPEST (Reuters) – George Soros’ Open Society Foundations will close their office in Budapest and move to the German capital of Berlin, the organization said on Tuesday, leaving what it called an increasingly repressive political and legal environment.
ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan said he plans to take greater control of the economy after presidential elections next month and the central bank will have to take note of what the president says and act accordingly.
OSLO (Reuters) – Shareholders in Norway’s largest company, Statoil , will approve on Tuesday the board’s proposal to drop “oil” from its name as its seeks to diversify its business and attract young talent concerned about fossil fuels’ impact on climate change.
LONDON (Reuters) – The shipping industry has long been criticized by campaigners for allowing vessels to be broken up on beaches, endangering workers and polluting the sea and sand.
BUDAPEST (Reuters) – George Soros’ Open Society Foundations will close their office in Budapest and move to the German capital of Berlin, the body said on Tuesday, leaving what it called an increasingly repressive political and legal environment.
TOKYO (Reuters) – Asian stocks pulled back on Tuesday, brushing off a firmer lead from Wall Street, as investors turned cautious after soft Chinese economic data and awaited fresh developments on U.S.-China trade talks and North Korea.
ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan said the winner of next month’s presidential election will have to show himself as effective in monetary policy and that the central bank should take note of what he says and act accordingly.
NEW YORK/LONDON/SINGAPORE (Reuters) – Oil futures prices have soared past three-year highs, OPEC’s deal has cut millions of barrels of inventory worldwide and investors are betting in record numbers that prices could rocket past $80 and even hit $90 a barrel this year.
TOKYO (Reuters) – The United States and Japan will “move rapidly” to get a trade deal under a new framework aimed at intensifying bilateral trade consultations, U.S. ambassador William Hagerty said, keeping pressure on Tokyo to open up protected markets like agriculture.
ISTANBUL (Reuters) – Turkey’s Tayyip Erdogan told Bloomberg TV he must as president show himself to be effective in monetary policy and that the central bank should take note of what he says and act accordingly.
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