Business & Finance News
HONG KONG (Reuters) – HSBC Holdings Plc said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost efficiency in the multi-trillion-dollar funding of international trade.
FRANKFURT (Reuters) – Deutsche Bank’s new chief executive Christian Sewing needs to come up with a convincing strategy swiftly to stave off the threat of costly credit downgrades, the leading rating agencies told Reuters.
LONDON (Reuters) – Prospects of a thaw in U.S.-China trade tensions supported global stocks on Monday, as U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company, while oil prices retreated from highs.
MOSCOW (Reuters) – Russia is considering providing support to tycoon Oleg Deripaska’s Rusal and GAZ , two companies hit by U.S. sanctions, but will not go as far as buying stakes in his firms, Finance Minister Anton Siluanov said on Monday.
BRUSSELS (Reuters) – Pilots at Lufthansa subsidiary Brussels Airlines staged the first of two planned days of strikes over pay and conditions on Monday, grounding about 75 percent of the Belgian carrier’s flights.
LONDON (Reuters) – Oil prices eased from 3-1/2-year highs on Monday as resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran, while rising U.S. drilling pointed to higher North American production.
HONG KONG (Reuters) – Employees of ZTE Corp, the Chinese telecom equipment maker, are cheering a tweet by U.S. President Donald Trump that suggested a resolution is in sight for a devastating ban on sales to the Chinese company.
BEIJING (Reuters) – China said on Monday it is willing to work with the United States for a positive outcome in trade negotiations this week.
HONG KONG (Reuters) – JPMorgan Chase & Co said on Monday it has applied to China’s securities regulator to set up a securities business in which the U.S. bank would own a majority stake under recently relaxed ownership rules.
BEIJING (Reuters) – As 9 pm approaches every weekday night in China, a small army of individual investors from around the country log onto trading apps on their mobile phones and laptops.
HONG KONG (Reuters) – JPMorgan Chase & Co said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business in which the U.S. bank would own a 51 percent stake.
DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.
NEW YORK/TOKYO (Reuters) – Xerox Corp has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.
SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporter Iran.
SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions, after U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company.
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