Business & Finance News
SAO PAULO (Reuters) – Claudia Maria de Oliveira is leery of online shopping. But while browsing social media recently, the 49-year-old Brazilian spotted a bargain-priced sandwich press from local retailer Magazine Luiza SA.
BEIJING (Reuters) – Guangzhou Automobile Group Co Ltd (GAC) on Wednesday said a brewing trade war between China and the United States could hurt the Chinese automaker’s plans to break into the U.S. market if tariff barriers were raised.
BEIJING (Reuters) – German car maker Daimler AG’s boss said on Wednesday there was no indication the firm’s largest shareholder, Chinese auto magnate Li Shufu, was planning a hostile takeover, after he took a $9 billion stake in the firm earlier this year.
SHANGHAI (Reuters) – German luxury carmaker Audi AG aims to double its China production with local partner FAW within five years, the firm’s chief executive said on Wednesday, as global carmakers look to localize in the world’s largest vehicle market.
TOKYO (Reuters) – Kobe Steel Ltd said on Wednesday that it is under investigation by Japanese authorities over its data tampering, widening a scandal that undermined faith in Japan’s industrial sector last year.
SEOUL (Reuters) – General Motors and South Korea are considering increasing the size of their investment in the U.S. automaker’s local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday.
SEOUL (Reuters) – General Motors and South Korea are in talks to increase the size of their investment in the U.S. automaker’s local unit from a previously proposed $2.8 billion, a senior government source with direct knowledge of the matter said on Wednesday.
LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc said it was willing to recommend a deal with Takeda Pharmaceutical Co to its shareholders, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion).
TOKYO (Reuters) – Asian shares were under pressure on Wednesday, with a rise in U.S. bond yields above the 3 percent threshold and warnings from bellwether U.S. companies of higher costs driving fears that corporate earnings growth may peak soon.
LONDON/NEW YORK (Reuters) – London-listed drugmaker Shire Plc said on Tuesday it was willing to recommend to its shareholders a deal with Takeda Pharmaceutical Co, after the Japanese company sweetened its acquisition offer to 46 billion pounds ($64 billion).
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries were “not attractive” even though the 10-year yield , a benchmark for global borrowing costs, crossed the critical 3 percent threshold earlier in the day.
NEW YORK (Reuters) – Jeffrey Gundlach, chief executive officer of DoubleLine Capital, said on Tuesday that U.S. Treasuries are “not attractive” even though the benchmark 10-year Treasury yield crossed the critical 3 percent threshold earlier in the day.
BERLIN (Reuters) – Top U.S. weapons maker Lockheed Martin Corp welcomed a push by U.S. President Donald Trump to speed up approvals of arms sales, saying it would reassure allies who had been frustrated by bureaucratic delays in the past.
WASHINGTON (Reuters) – U.S. President Donald Trump said on Tuesday that a new North American Free Trade Agreement could be agreed quickly, as Canada hailed progress on forging new rules for the auto industry, the pivotal issue in talks to revamp the 24-year-old accord.
(Reuters) – London-listed drugmaker Shire Plc and Japan’s Takeda Pharmaceutical Co Ltd plan to announce a preliminary deal on Wednesday, after the latter sweetened its $62 billion acquisition offer, people familiar with the matter said.
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