Business & Finance News
President Donald Trump said on Tuesday a trade deal with China might have to wait until after the U.S. presidential election in November 2020, denting hopes that the two largest economies would soon reach an initial deal to ease their damaging trade war.
Wall Street fell more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China.
Goldman Sachs Group Inc Chief Executive David Solomon said the bank will be launching new technology-based products and services for its institutional clients on Amazon’s cloud next year.
The U.S. Federal Reserve announced Wednesday it had terminated a 2015 enforcement action against Bank of America over its shortcomings in preventing traders from manipulating foreign exchange rates.
German public prosecutors raided the Wolfsburg headquarters of Volkswagen on Tuesday in the latest investigation into the carmaker’s diesel emissions scandal.
Oil steadied on Tuesday, as expectations of output cuts from OPEC and allied producers brought prices back up after they slid briefly following comments from U.S. President Donald Trump that a trade deal with China may be delayed.
Glencore could announce a new CEO next year once a new team is in place after a transition process starting in the new year, its current chief executive said on Tuesday.
Fidelity Investments on Tuesday named Bart Grenier, who was at the center of a tickets scandal at the mutual fund company more than a decade ago, to lead its nearly $3 trillion asset management division.
Public prosecutors on Tuesday raided the Wolfsburg headquarters of Volkswagen as part of the investigation into the car maker’s diesel scandal.
Telecoms equipment maker Nokia announced on Tuesday that it plans to appoint its former networks chief Sari Baldauf as chairman, succeeding Risto Siilasmaa who will step down after eight years in the job.
Consumer goods giant Unilever Plc on Tuesday appointed Conny Braams to the new post of chief digital and marketing officer, expanding the scope of a role previously held by advertising industry veteran Keith Weed.
The head of Fidelity Investment’s $2.8 trillion asset management division, Steve Neff, is retiring, the Financial Times reported https://on.ft.com/2PdATJA, citing a memo sent to the brokerage’s employees on Tuesday.
President Donald Trump has wide latitude in handling trade with France and other European allies, including imposing tariffs, U.S. Commerce Secretary Wilbur Ross told CNBC in an interview in on Tuesday.
U.S. stocks extended declines on Tuesday as U.S. Commerce Secretary Wilbur Ross said on CNBC that U.S. tariffs on Chinese imports due Dec. 15 would be imposed unless there was substantive progress in trade talks.
The U.S. solar industry is losing out on the creation of around 62,000 jobs and $19 billion in investment thanks to Trump administration tariffs on imported panels imposed nearly two years ago, according to a report published on Tuesday.
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