Business & Finance News
U.S. President Donald Trump said on Friday that he alone was preventing China from crushing protesters in Hong Kong with a million soldiers, as he defended his attempts to strike a trade deal with Beijing amid fears of a Chinese crack down on the demonstrations.
Deutsche Bank has sued two offshore funds that funneled money to Bernard Madoff for 14 years, accusing them of reneging on their agreement to sell more than $1.6 billion of claims in the bankruptcy of the swindler’s firm.
The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China’s Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or .
French carmaker PSA plans to sign a $50 billion merger deal with Fiat Chrysler Automobiles (FCA) this year, a source with direct knowledge of PSA’s thinking said on Friday, brushing off concerns over a shock lawsuit filed this week.
The dollar gained and global equity markets rose on Friday on upbeat U.S. economic data while amicable messages from Chinese President Xi Jinping and U.S. President Donald Trump helped ease recent tensions over the prolonged U.S.-Sino trade war.
The leaders of the United States and China on Friday both underscored their desire to sign an initial trade deal and defuse a 16-month tariff war that has lowered global growth, providing a welcome boost to financial markets.
The S&P 500 and Dow Jones indexes eked out gains on Friday following upbeat trade deal comments from Washington and Beijing, while the Nasdaq was weighed down by a slump in shares of Tesla after the launch of its electric pickup truck.
A group advocating ethical investing will ask backers of tech analytics company Palantir Technologies to push for changes to its business practices, a rare case of coordinated shareholder action against a privately held company.
French carmaker PSA remains focused on its merger talks with Fiat Chrysler Automobiles (FCA) and is still aiming to sign a memorandum of understanding (MoU) in December, said a source close to the matter.
More overseas companies investigated by U.S. authorities for national security concerns have abandoned investments in the United States since U.S. President Donald Trump took office, a report showed on Friday.
Airbnb said on Friday Belinda Johnson will step down as chief operating officer in March and join the home rental company’s board.
The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China’s Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment or services.
(Editor’s note: language in paragraph 3 which some readers may find offensive)
Airbnb Inc said on Friday Chief Operating Officer Belinda Johnson will step down from the role and join the board of the home rental platform.
South African Airways (SAA) signed a wage deal with trade unions on Friday to end an eight-day strike that brought the cash-strapped state airline to the brink of collapse.
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