Published: Tue, 25 April 2017 16:28:40 +0800
Tue, 25 April 2017 14:45:09 +0800A full merger between Japanese car makers Mitsubishi Motors Corp (MMC) and Nissan Motor Co Ltd is not on the table, Carlos Ghosn, chairman of both firms, said on Tuesday.
Tue, 25 April 2017 14:35:07 +0800Credit Suisse Chairman Urs Rohner faces his toughest shareholder meeting to date this week following an investor revolt over bonuses and losses totaling 5.65 billion Swiss francs (US$5.7 billion) since 2015.
Tue, 25 April 2017 14:30:06 +0800Luxury goods group LVMH and billionaire businessman Bernard Arnault announced on Tuesday a deal to simplify their relationship with Christian Dior by buying out its minority shareholders, a transaction aimed at boosting LVMH's earnings.
Tue, 25 April 2017 13:35:12 +0800Japan's Toshiba Corp will start taking bids for Landis+Gyr, its Swiss smart meter unit, as early as June, Kyodo news agency reported on Tuesday.
Tue, 25 April 2017 13:15:10 +0800U.S. East Coast refiners are looking to buy increasing volumes of domestic crude oil from the Gulf Coast, two sources said, the latest twist in a trade flow upheaval in the wake of the opening of the Dakota Access pipeline.
Tue, 25 April 2017 13:10:08 +0800Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.
Tue, 25 April 2017 12:25:06 +0800A shareholder vote scheduled for Tuesday could throw Wells Fargo & Co's leadership into question if many directors, criticized for their slow response to the bank's phony-account scandal, fail to win solid majorities.
Tue, 25 April 2017 11:30:11 +0800The United States will impose preliminary anti-subsidy duties averaging 20 percent on imports of Canadian softwood lumber, Commerce Secretary Wilbur Ross said on Monday, escalating a long-running trade dispute between the two neighbors.
Tue, 25 April 2017 08:40:26 +0800Oscar-winning actor Tom Hanks, who plays a Silicon Valley tycoon in the new film "The Circle" about a powerful social media company, teased Twitter Inc Chief Executive Officer Jack Dorsey on Monday that he may have been inspiration for the part.
Tue, 25 April 2017 08:30:22 +0800When China unveiled an historic order for its first large commercial jetliner at a national air show in 2010, Western journalists were kept away, and only local media were allowed to witness a major turning point in China's aviation ambitions.
Tue, 25 April 2017 08:10:38 +0800The commercialisation of intellectual property can be a growth engine for Singapore's future economy, says chief executive of the Intellectual Property Office of Singapore Daren Tang.
Tue, 25 April 2017 06:47:54 +0800ROME: Alitalia workers have rejected a restructuring deal from the company's management and unions to save the ailing carrier, Italian media reported on Monday (Apr 24). Almost 90 per cent of its 12,500 employees had participated in a vote and more than half those taking part opposed the deal ...
Tue, 25 April 2017 05:25:13 +0800Acquisitive German healthcare conglomerate Fresenius SE & Co KGaA revved up its deals pace by acquiring U.S. generic drugmaker Akorn Inc for US$4.75 billion (4.37 billion euros), and in a separate deal, the biosimilars unit of German peer Merck KGaA .
Tue, 25 April 2017 05:15:12 +0800The number of bank branches in the United States will shrink by as much as 20 percent in five years, according to a report from commercial real estate firm JLL.
Tue, 25 April 2017 07:45:05 +0800Pharmacy benefit manager Express Scripts Holding Co said Anthem Inc, its biggest customer and one that has sued the company over claims of being overcharged, was unlikely to renew its contract after it ends in 2019.
Tue, 25 April 2017 05:00:19 +0800MetLife Inc is asking a U.S. court to put on pause a case over how the government deems certain companies "too big to fail," one of the most significant reforms to come out of the financial crisis, while President Donald Trump's administration finishes reviewing the current regulatory approach.
Tue, 25 April 2017 04:40:16 +0800Alitalia workers rejected a proposal to cut jobs among ground staff and trim flight personnel's salaries as part of a major restructuring, putting the loss-making Italian airline on course for government-led special administration, union sources said.
Tue, 25 April 2017 05:25:09 +0800T-Mobile US Inc added more subscribers than expected in the first quarter as promotional offers helped the No. 3 wireless carrier win over customers despite rival unlimited data plans, the company said on Monday.
Tue, 25 April 2017 04:45:49 +0800NEW YORK: The Nasdaq surged to a record on Monday (Apr 24) as US stocks joined a global rally following the strong performance by centrist French presidential candidate Emmanuel Macron in the first round of voting on Sunday. The Nasdaq gained 1.24 per cent to finish the day at 5,983.82, up 73.30 ...
Tue, 25 April 2017 04:30:07 +0800U.S. ride-hailing app Uber told Europe's top court on Monday that it was a digital service, not a transport service, and that a French law clearly targeted online taxi services, in its latest European legal battle with the taxi industry.
Tue, 25 April 2017 04:15:21 +0800U.S. President Donald Trump tried to press Democrats on Monday to include funds for his controversial border wall with Mexico in spending legislation as lawmakers worked to avoid a looming shutdown of the federal government.
Tue, 25 April 2017 04:10:23 +0800U.S. auto parts maker Flex-N-Gate will build a plant in Detroit in what local officials described on Monday as the first new investment by an automotive supplier in decades for Motor City, the cradle and former beating heart of the car industry.
Tue, 25 April 2017 02:57:50 +0800WASHINGTON: A Silicon Valley "flying car" startup, Kitty Hawk, reportedly backed by Google co-founder Larry Page, released a video on Monday (Apr 24) of its airborne prototype and announced plans for deliveries of a "personal flying machine" this year. "Our mission is to make the dream of personal ...
Tue, 25 April 2017 02:20:22 +0800Wells Fargo & Co directors could have avoided a shareholder backlash over a sales practices scandal if they had paid more attention to scores of whistleblowers who complained, in vain, for years.
Tue, 25 April 2017 00:50:07 +0800German healthcare conglomerate Fresenius SE & Co KGaA is close to acquiring generic drugmaker Akorn Inc in an all-cash deal valuing the company at more than US$4 billion, people familiar with the matter said on Monday.
Tue, 25 April 2017 00:20:40 +0800LONDON: Europe's stock markets and the euro surged on Monday (Apr 24), breathing a sigh of relief after moderate candidate Emmanuel Macron won the first round of France's presidential election and looked set to triumph in next month's run-off against far-right candidate Marine Le Pen. Germany's ...
Tue, 25 April 2017 03:10:13 +0800U.S. paint maker PPG Industries raised its proposed offer for Akzo Nobel by about 8 percent to 26.9 billion euros (US$28.8 billion) on Monday, increasing the pressure on its Dutch rival to enter into talks.
Mon, 24 April 2017 22:10:07 +0800Microsoft Corp is rolling out upgrades to its sales software that integrates data from LinkedIn, an initiative that Microsoft CEO Satya Nadella told Reuters was central to the company's long-term strategy for building specialized business software.
Mon, 24 April 2017 21:40:13 +0800Halliburton Co reported quarterly profit and revenue that edged past analysts' estimates as a surge in drilling activity in North America pushed up demand for its pressure pumping and well-construction services.
Mon, 24 April 2017 21:40:07 +0800Wal-Mart Stores Inc , the world's no.1 retailer, said its recently launched startup investment arm, Store No 8, has hired Jenny Fleiss as the chief executive of its first portfolio company.
Tue, 25 April 2017 02:05:09 +0800Large drugmakers with piles of cash are on the hunt for promising medicines being developed by small companies to treat NASH, a progressive fatty liver disease poised to become the leading cause of liver transplants by 2020.
Tue, 25 April 2017 11:52:26 +0800ABU DHABI/KUALA LUMPUR: Abu Dhabi and Malaysia have reached a conditional agreement under which Malaysian state fund 1MDB will pay US$1.2 billion to settle a debt dispute that had led to arbitration proceedings in London. Separately, 1MDB and Malaysia's Ministry of Finance will assume ...
Mon, 24 April 2017 17:30:10 +0800HSBC Holdings Plc is confident it can maintain dividend payouts in the foreseeable future and expects to exceed risk-weighted asset and cost-saving targets, the bank's chief executive Stuart Gulliver said on Monday.
Mon, 24 April 2017 17:10:08 +0800Twenty-nine Chinese steel firms have had their licenses revoked as Beijing kept up its campaign to tackle overcapacity in the sector and days after U.S. President Donald Trump said he would open a probe into cheap steel exports from China and elsewhere.
Tue, 25 April 2017 04:22:44 +0800LONDON: British luxury retailer Jimmy Choo has put itself up for sale to try to maximise shareholder value as majority investor JAB increases its focus on consumer goods. JAB Luxury also said on Monday (Apr 24) it was reviewing its ownership of Bally International, the Swiss luxury footwear and ...
Mon, 24 April 2017 13:25:07 +0800LafargeHolcim Chief Executive Eric Olsen will leave the company in July, the world's largest cement maker said on Monday, in the wake of a report into allegations the company paid armed groups in Syria to keep a plant open.
Mon, 24 April 2017 18:50:26 +0800The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free Trade Agreement (NAFTA) by the middle of next year, the head of the biggest U.S. business lobby group said on Sunday.
Mon, 24 April 2017 12:35:18 +0800Washington's move to probe steel imports could trigger a trade dispute between the United States and its major trading partners, who are likely to take retaliatory steps, the official China Daily said in an editorial on Monday.
Mon, 24 April 2017 12:10:12 +0800Policymakers in China are pushing a bullish message on the world's second-biggest economy after a solid first quarter, pointing to a slow down in capital outflows and a stable yuan after a selloff last year stoked fears of instability.
Mon, 24 April 2017 07:58:49 +0800TOKYO: The euro rose sharply on Monday (Apr 24) as markets breathed a sigh of relief over French presidential election projections that showed centrist candidate Emmanuel Macron taking a lead over far-right eurosceptic Marine Le Pen. In early Asian trading, the European single currency was at US$1 ...
Mon, 24 April 2017 10:45:11 +0800U.S. stock index futures rose sharply on Sunday on relief that centrist Emmanuel Macron took the first round of voting in the French presidential election, reducing the prospect of an anti-establishment market shock.
Mon, 24 April 2017 04:45:10 +0800The World Bank Group and the China-led Asian Infrastructure Investment Bank said on Sunday they agreed to deepen their cooperation with a framework for knowledge sharing, staff exchanges, analytical work, development financing and country-level coordination.
Sun, 23 April 2017 22:30:14 +0800Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday.
Sun, 23 April 2017 05:30:07 +0800U.S. Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short term issues" when viewed under traditional "static" budget analysis rules.
Sun, 23 April 2017 05:05:09 +0800Argentina will beat its first-quarter fiscal goal, the treasury minister said on Saturday, adding that the government slashed more than 10,000 jobs over the last year and a half.
Sun, 23 April 2017 04:11:22 +0800With fears rising that the Trump administration will follow through on its threats to raise trade barriers, world finance ministers are united on one message: protectionism threatens the global economy.
Sun, 23 April 2017 02:31:58 +0800President Donald Trump's promised "big announcement" next week on overhauling the U.S. tax code, a top campaign pledge, will consist of "broad principles and priorities," an administration official said on Saturday.
Sun, 23 April 2017 02:10:09 +0800U.S. Treasury Secretary Steven Mnuchin on Saturday called on the International Monetary Fund to enhance surveillance of its members' exchange rates and external imbalances, as large trade imbalances would hamper "free and fair" trade.
Sat, 22 April 2017 22:34:51 +0800The pound hit multi-month highs this week following a surprise call for early elections by British Prime Minister Theresa May - an event that some analysts say may be a "game-changer” for the battered currency.
Sat, 22 April 2017 18:23:17 +0800While it is heartening to see more government support for small- and medium-sized enterprises, Yoga Movement co-founder, owner and director Alicia Pan says building a business remains no easy task.
Sat, 22 April 2017 09:00:05 +0800Officials of two large California public retirement systems said Friday they are voting against nine of 15 Wells Fargo & Co directors up for election at the bank's annual meeting next week, citing the bank's phony-account scandal.
Sat, 22 April 2017 06:00:43 +0800NEW YORK: Wall Street stocks fell on Friday (Apr 21) on mixed earnings and cautious investor sentiment ahead of the French presidential election this weekend. With polls in France showing a tight contest ahead of Sunday's first round of voting and the chance of a run-off between two anti-eurozone ...
Sat, 22 April 2017 23:35:05 +0800Forget about French elections or the flagging Trump trade.
Sat, 22 April 2017 05:25:05 +0800United Continental Holdings Inc said on Friday Chief Executive Oscar Munoz will not become chairman in 2018, under an amendment to his employment agreement approved after an uproar over the treatment of a passenger.
Sat, 22 April 2017 04:30:08 +0800President Donald Trump on Friday promised a big announcement about tax reform next week and ordered an administration review of Obama-era tax rules written to discourage U.S. companies from relocating overseas to cut their tax bills.
Sat, 22 April 2017 06:53:07 +0800WASHINGTON: The Group of 20 major economies sent a message on Friday (Apr 21) on the threat that rising protectionism poses to the global economy, but the United States cast doubt over its adherence to that stance. US Treasury Secretary Steven Mnuchin reiterated the Trump administration's emphasis ...
Sat, 22 April 2017 03:40:33 +0800Honeywell International Inc said on Friday its commercial aviation after-sales business was benefiting from robust air travel, while its energy division was getting a lift from stable oil prices, sending shares to a record high.
Sat, 22 April 2017 03:40:33 +0800British Telecom has filed a criminal complaint with Italian prosecutors over an accounting scandal at its Italian unit and has handed them computer records and also dispatched its head of compliance to Milan to give evidence.
Sat, 22 April 2017 03:40:30 +0800General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow.
Sat, 22 April 2017 03:40:29 +0800Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.
Sat, 22 April 2017 04:25:10 +0800U.S. stocks dipped on Friday as investors were cautious ahead of the first round of the closely contested French presidential election, but the S&P 500 managed to notch its first weekly gain in three.
Sat, 22 April 2017 02:09:17 +0800As the global recovery gathers pace, the IMF is turning up the volume on its call for wealthy countries to address popular anger over the impact of globalisation and head off the threat of protectionism.
Sat, 22 April 2017 00:46:12 +0800The New York Federal Reserve said on Friday it left its outlook on U.S. gross domestic product in the first quarter and second quarter little changed from the preceding week following a mixed bag of economic data this week.
Sat, 22 April 2017 00:46:45 +0800A federal judge in Detroit on Friday sentenced Volkswagen AG to three years' probation and independent oversight for the German automaker's diesel emissions scandal as part of a US$4.3 billion settlement announced in January.
Sat, 22 April 2017 00:46:50 +0800Target Corp , Wal-Mart Stores Inc and other retailers are shelving considerations to move supply bases closer to the United States in the face of a possible border tax, banking instead on killing support for the tax idea in Congress.
Sat, 22 April 2017 00:46:57 +0800U.S. home resales rose more than expected in March to the highest level in more than a decade as more homes came on the market and were quickly snapped up by consumers.
Sat, 22 April 2017 00:48:06 +0800U.S. stocks have struggled since the timeline for the Trump administration's pro-growth agenda came into question, but investors appear confident that next week's deadline that could shut down the federal government will not become another market hurdle.
Sat, 22 April 2017 00:48:35 +0800Wells Fargo & Co said it would expand its class action settlement related to the lender's retail sales practices to include customer accounts as early as May 2002.
Sat, 22 April 2017 00:49:13 +0800Wall Street slipped in late morning trading on Friday as investors held off from making risky bets ahead of the first round of the closely contested French presidential election.
Sat, 22 April 2017 00:49:46 +0800Struggling apparel retailer Bebe Stores Inc said on Friday it would close all its stores by the end of May, barely a month after announcing it was exploring strategic alternatives following four years of losses.
Sat, 22 April 2017 00:49:50 +0800Diversified U.S. manufacturer Honeywell International Inc reported quarterly profit ahead of analysts' estimates on Friday, as sales in its aerospace and energy businesses were higher than the company's forecast.
Sat, 22 April 2017 00:50:05 +0800General Electric Co reported on Friday that first-quarter cash flow from its industrial operations turned negative and was less than the company expected, though its earnings and revenue exceeded analyst estimates.
Sat, 22 April 2017 00:55:11 +0800Before last year's Brexit vote, Scott McCready was struggling to fill his holiday cabins on the coast of southwest England. Now the site is fully booked with British tourists avoiding more expensive foreign trips following a plunge in the pound.
Sat, 22 April 2017 00:56:45 +0800A high-stakes shareholder vote at Wells Fargo & Co next week will determine whether the bank has done enough to retain investor confidence after its phony-account scandal, and whether a leading proxy adviser wields enough clout to help oust most of its board.
Sat, 22 April 2017 00:58:07 +0800Indonesia and the United States agreed on Friday to find ways to reduce barriers to U.S. companies operating in Southeast Asia's largest economy, visiting U.S. Vice President Mike Pence and Jakarta's investment chief said.
Sat, 22 April 2017 00:58:36 +0800Chevron Corp lost an appeal on Friday against the Australian tax office in a landmark case in which the U.S. energy giant contested a tax bill of AUS$340 million (US$260 million), including penalties and interest.
Sat, 22 April 2017 00:59:14 +0800President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent.
Sat, 22 April 2017 01:00:40 +0800Donald Trump took power in January pledging to overhaul a global order that he said cheated middle-class Americans with a promise to tear up trade agreements and impose tariffs on China and Mexico.
Sat, 22 April 2017 01:01:09 +0800Japan's plans to implement more employee-friendly laws are set to prove painful for many companies, with half saying labor costs will rise and two-thirds considering ways to lift productivity to offset the impact of the reforms, a Reuters poll showed.
Sat, 22 April 2017 01:01:18 +0800Hedge funds lost out on Tuesday after British Prime Minister Theresa May shocked markets by calling a snap election, but those led by humans outsmarted those led by machines, in a reversal of fortunes from the Brexit referendum.
Sat, 22 April 2017 01:02:06 +0800The US Federal Reserve on Thursday ordered German banking giant Deutsche Bank to pay more than US$150 million in civil fines for bad foreign-exchange practices and lax oversight.
Sat, 22 April 2017 01:01:27 +0800U.S. President Donald Trump will order the Treasury on Friday to find and reduce tax burdens and review post-financial crisis reforms that banks and insurance companies have said hinder their ability to do business.
Sat, 22 April 2017 01:01:46 +0800Virtu Financial Inc said it would buy rival KCG Holdings Inc in a US$1.4 billion deal that brings together two major U.S. electronic trading and market-making firms.
Sat, 22 April 2017 01:02:52 +0800GlaxoSmithKline must pay US$3 million to a woman who sued the drug company over the death of her husband, a lawyer who committed suicide after taking a generic version of the antidepressant Paxil, a U.S. jury said on Thursday.
Sat, 22 April 2017 01:03:23 +0800Wal-Mart Stores Inc's chief executive officer received a 13 percent increase in total compensation to US$22.4 million in the fiscal year ended Jan. 31, according to a regulatory filing on Thursday, as sales growth at the world's largest retailer remained robust.
Sat, 22 April 2017 01:03:33 +0800U.S. President Donald Trump's tax reform plan will rely largely on future revenue gains from faster economic growth to justify major tax cuts, top Trump advisers said on Thursday.
Sat, 22 April 2017 01:03:36 +0800A group of 11 Republican state attorneys general are protesting an investigation into whether Exxon Mobil Corp. violated consumer protection laws when selling fossil fuel products, according to a court filing.
Sat, 22 April 2017 01:03:41 +0800Visa Inc on Thursday reported better-than-expected quarterly earnings and said it expects full-year profit at the high end of its forecast, as it benefits from the purchase of Visa Europe and big credit-card portfolio wins back home.
Sat, 22 April 2017 01:04:10 +0800The Nasdaq surged to a record on Thursday as US stocks shrugged off geopolitical worries and rallied on better earnings and optimism about the American economy.
Sat, 22 April 2017 01:04:04 +0800U.S. officials are reviewing Venezuela's seizure of General Motors Co's assets in the country, U.S. State Department spokesman Mark Toner said on Thursday.
Sat, 22 April 2017 01:05:33 +0800U.S. sandwich chain Subway Restaurants said on Thursday it shut 359 restaurants in the United States last year, amid stiff competition in a highly fragmented fast-food industry.
Sat, 22 April 2017 01:06:34 +0800Flying cars might seem like the stuff of science fiction, but two prototypes were launched on Thursday on the French Riviera, at an event showcasing "supercars" in Monaco.
Sat, 22 April 2017 01:06:06 +0800Lufthansa and Air France were briefly hit by computer problems preventing them from boarding passengers on Thursday evening, airport and airline staff said on Thursday.
Sat, 22 April 2017 01:06:13 +0800American International Group Inc is considering former company veteran Brian Duperreault, who heads Hamilton Insurance Group, as its new chief executive, CNBC said, citing a media report.
Sat, 22 April 2017 01:07:27 +0800Tesla Inc said on Thursday it would recall 53,000 of its Model S and Model X cars globally to fix a parking brake issue.
Sat, 22 April 2017 01:07:32 +0800Growth in Asian emerging economies will boost global insurance markets into next year, balancing an expected slowdown in China, German reinsurance giant Munich Re said on Thursday.
Sat, 22 April 2017 01:08:20 +0800Health insurer Anthem Inc denied a report on Thursday that it was in negotiations with the Justice Department in an effort to save its merger with smaller rival Cigna Corp .
Sat, 22 April 2017 01:08:59 +0800The company's research concluded that recycled aluminium should come from Apple products rather than from recycling facilities because of the high grade needed for the metal.
Sat, 22 April 2017 01:09:01 +0800Global stock markets edged higher on Thursday, but investors were treading cautiously ahead of the upcoming French presidential election, while Wall Street was buoyed by a raft of corporate earnings reports.
Fri, 21 April 2017 11:57:07 +0800When Chinese automaker GAC Motor was preparing to enter the United States market it foresaw challenges in product localization and regulation, but didn't see any issue with the name of its flagship brand, Trumpchi.