Business & Finance News
The U.S. Commerce Department on Monday finalized a new rule to impose anti-subsidy duties on products from countries that it has determined undervalue their currencies against the dollar, including potentially China.
Shares of Asian companies in Tesla Inc’s battery supply chain surged on Tuesday after Panasonic Corp’s report on the first profit at its battery venture with Tesla boosted investor confidence in the U.S. electric vehicle (EV) maker.
Oil prices rose on Tuesday, matching moves in other financial markets as investors regained calm after Monday’s sharp sell-off on fears of the impact of the China coronavirus on demand sent crude to its lowest level in more than a year.
Shares of budget airline AirAsia Group and its long-haul subsidiary, AirAsia X , fell in early trade on Tuesday after the group’s CEO Tony Fernandes and Chairman Kamarudin Meranun said they would step aside for two months.
Alphabet Inc’s new Chief Executive Sundar Pichai unveiled sales figures that investors have long demanded, but shares fell 5% as Google’s advertising business and the new data about YouTube and Google Cloud broadly disappointed.
A California lawmaker has introduced a bill aimed at making PG&E Corp a publicly owned utility, a year after liabilities from wildfires traced back to some of its equipment pushed the power producer into bankruptcy.
Huawei Technologies Co Ltd and ZTE Corp on Monday both asked the U.S. Federal Communications Commission (FCC) not to finalize its designation of the China tech giants as risks to U.S. national security.
A fragile calm gripped Asian shares on Tuesday as investors waited anxiously to see if Beijing could stem the rout in Chinese assets, while oil hit 13-month lows as the coronavirus throttled demand in the world’s biggest importer of fuel.
Tesla Inc’s stock surged 20% on Monday in its largest one-day gain since 2013, fueled by a quarterly profit at Panasonic’s battery business with the U.S. car maker and an investor report predicting its shares would rise more than ten-fold by 2024.
Shares of Panasonic Corp jumped more than 8% in early Tuesday trade after the Japanese electronics conglomerate the previous day reported its first quarterly profit at its U.S. battery venture with Tesla Inc.
Huawei Technologies Co Ltd on Monday asked the Federal Communications Commission (FCC) not to finalize its designation of the China tech giant as a risk to U.S. national security, calling the effort “unlawful and misguided.”
United Airlines said on Monday it will move up its temporary suspension of U.S.-bound flights from mainland China by one day to Tuesday.
Google-parent Alphabet Inc’s worst fourth-quarter revenue growth since 2015 sent shares down nearly 5% on Monday, overshadowing the disclosure for the first time of YouTube advertising revenue.
Enbridge Inc’s Line 3 pipeline replacement cleared key hurdles on Monday, after a Minnesota regulator endorsed a revised environmental impact statement for the project.
The Minnesota Public Utilities Commission on Monday approved a certificate of need for Enbridge Inc’s Line 3 oil replacement project, moving the long-delayed replacement closer to reality.
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