Business & Finance News
Asian shares rose to 14-week highs on Monday as growing optimism over U.S.-China trade talks and upbeat U.S. job data boosted global investors’ appetite for riskier assets.
McDonald’s Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday.
Under Armour Inc is under investigation by U.S. federal law enforcement officials over whether the sportswear maker shifted sales from quarter to quarter to appear financially healthier, the Wall Street Journal reported on Sunday.
Under Armour Inc is being probed by U.S. federal law enforcement officials, examining whether the sportswear maker shifted sales from quarter to quarter to appear healthier, the Wall Street Journal reported on Sunday.
The United States may not need to impose tariffs on imported vehicles later this month after holding “good conversations” with automakers in the European Union, Japan and Korea, U.S. Commerce Secretary Wilbur Ross said in an interview published on Sunday.
U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly,” in an interview with Bloomberg published on Sunday.
U.S. Commerce Secretary Wilbur Ross said licenses for U.S. companies to sell components to China’s Huawei Technologies Co will come “very shortly,” in an interview with Bloomberg published on Sunday.
U.S. Commerce Secretary Wilbur Ross said the United States may not need to impose tariffs on imported vehicles later this month after holding “good conversations” with automakers in the European Union, Japan and Korea, in an interview with Bloomberg published on Sunday.
Thailand said on Sunday that Southeast Asian nations are committed to signing a pact by February 2020 on forging what could become the world’s largest trade bloc, even after new demands by India dealt a blow to the process backed by China.
Wall Street stocks have climbed to record highs as worries over U.S.-China trade relations and the Federal Reserve’s monetary policy have receded, but cautious investors have been sticking with technology shares and some defensive stocks over value stocks and more speculative plays such as IPOs.
By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia
Easing come. Easing go.
Saudi Aramco chairman, Yasir al-Rumayyan, expects strong demand from global institutions for Aramco’s initial public offering (IPO), he told Al Arabiya news channel.
Leaders from China and Southeast Asia states called for swift agreement on what could become the world’s largest trade bloc at a regional summit on Sunday, but new demands from India left officials scrambling to salvage progress.
By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia
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