Business & Finance News
China should ease regulations so that foreign financial institutions can obtain licenses and raise deposits more easily in the country, a senior executive from HSBC said on Sunday.
Profits at China’s industrial firms contracted for the second straight month in September as producer prices continued their slide, highlighting the toll a slowing economy and protracted U.S. trade war are having taken on corporate balance sheets.
Profits at China’s industrial firms declined 5.3% in September from a year earlier, the National Bureau of Statistics said on Sunday.
Microsoft Corp. said in a statement on Saturday that the company appreciates being chosen by the U.S. Defense department (DoD) for the Pentagon’s $10 billion Joint Enterprise Defense Infrastructure Cloud (JEDI) contract.
Louis Vuitton owner LVMH has approached Tiffany & Co with an acquisition offer, people familiar with the matter said on Saturday, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China.
Household appliances maker JS Global Lifestyle Company Ltd pulled its initial public offering of up to $464 million on Saturday, the third shelved float in Hong Kong so far this year, two sources told Reuters.
Christine Lagarde will ensure European Central Bank policymakers climb down from their “ivory tower” and face the political realities of the euro zone, the ECB’s vice president, Luis de Guindos, said in an interview published on Saturday.
U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.
Chinese Vice Premier Liu He had a phone call with U.S. trade officials as both countries confirmed technical consultations on some parts of a trade agreement were basically completed, China’s Ministry of Commerce said in a statement on Saturday.
General Motors Co will gradually restart operations at several idled plants in Mexico beginning this weekend, after unionized workers for the U.S. automaker ratified a new labor contract, the company’s Mexican unit said on Friday.
General Motors Co will gradually restart operations at two of its plants in Mexico this coming weekend, after workers for the U.S. automaker ratified a new labor contract, the company’s Mexican unit said in a statement on Friday.
Microsoft Corp. has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc .
Microsoft Corp. has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc .
Microsoft Corp. has won the Pentagon’s massive $10 billion cloud computing contract, the Defense Department said on Friday, selecting the company over competitors including Amazon.com Inc, which had been seen as the favorite.
The United Auto Workers union said on Friday its members ratified a new four-year labor contract with General Motors Co , ending the strike with the No. 1 U.S. automaker after 40 days.
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