Business & Finance News
U.S. President Donald Trump was vague on Friday about whether he would sign or veto legislation to back protesters in Hong Kong as he tries to strike a trade deal with China, and boasted that he alone had prevented Beijing from crushing the demonstrations with a million soldiers.
UniCredit has struck a deal to reduce its exposure to Turkey’s Yapi Kredi , three sources told Reuters, a move seen as a first step toward the Italian bank’s full exit from the recession-hit country.
EU countries on Friday endorsed a tough line for selecting 5G suppliers, including vetting the domestic legal framework to which they are subjected, potentially dealing a blow to telecoms equipment market leader Huawei Technologies.
A year after the U.S. stock market plunged, many investors believe conditions are in place to avoid another year-end pullback and possibly set the stage for a rally to finish off 2019.
More overseas companies investigated by U.S. authorities for national security concerns have abandoned investments in the United States since President Donald Trump took office, a report showed on Friday, signaling headwinds for key sources of funding for U.S. companies.
After insisting for 15 years that the superjumbo is the future, Emirates airline has been forced by the demise of the A380 to embrace smaller wide-body jets, resulting in a flurry of maneuvers between planemakers at this week’s Dubai Airshow.
British Airways and its pilots’ union BALPA have reached a preliminary agreement to end the pay dispute that resulted in the first walkout by pilots in the airline’s history, the union said on Friday.
Chevron Corp Chief Executive Michael Wirth is preparing sweeping changes at the No. 2 U.S. oil and gas company that would cut costs and streamline operations in a drive to boost profitability, according to people familiar with the matter.
Volkswagen’s premium unit Audi wants to cut thousands of jobs to fund a costly transition to electric vehicles, but talks with powerful labor representatives have hit a logjam, two sources familiar with the matter told Reuters.
Wall Street rose on Friday as upbeat domestic economic data and positive comments from Washington and Beijing calmed investor worries about a delay in a potential trade deal, which had pushed U.S. stocks off record highs earlier in the week.
British Airways and its pilots’ union BALPA have reached an agreement to end a pay dispute that resulted in the first walkout by pilots in the airline’s history, a source familiar with the matter said on Friday.
Airbnb’s business excluding the United States and China turned a net profit of $46.47 million in 2018 compared with a loss of $97.22 million the previous year, according to an earnings statement the company filed in Dublin, Ireland, and made public on Friday.
British Airways and its pilots’ union BALPA have reached an agreement over pay to end a dispute, a source familiar with the matter said on Friday.
Boeing Co’s head of corporate communications, Ann Toulouse, elected to step down from her role and would retire next year, the world’s largest planemaker said on Friday.
A potential U.S. ban on e-cigarette flavors could result in a loss of more than 150,000 jobs and a direct sales hit of $8.4 billion, according to a report released on Friday by a vaping industry trade group.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
