Toshiba says memory chip unit sale to boost annual profit by a third
TOKYO (Reuters) – Japan’s Toshiba Corp said it expects net income to jump 33 percent this financial year thanks to profits from the planned $18 billion sale of its memory…
NAFTA math may not add up to more U.S. auto jobs
DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where…
Aiming for clearer skies: Air France-KLM to name interim CEO on Tuesday
PARIS (Reuters) – Air France-KLM’s (AIRF.PA) board meets on Tuesday morning to appoint an interim chief executive for the Franco-Dutch airline, who will have to tackle French unions emboldened after…
Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason
NEW YORK/TOKYO (Reuters) – Xerox Corp (XRX.N) has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) in a settlement with activist investors Carl Icahn and Darwin Deason…
U.S. safety agency wants meetings with automakers on Takata recall
WASHINGTON (Reuters) – The National Highway Traffic Safety Administration said Monday it had written 12 major automakers, asking for meetings after the agency said the companies failed to meet a…
Trump’s comments on China’s ZTE draw security concerns
WASHINGTON (Reuters) – President Donald Trump’s pledge to help China’s ZTE Corp “get back into business, fast” and save Chinese jobs after a U.S. ban crippled the technology company drew…
China says will work with U.S. for positive outcome in trade talks
BEIJING (Reuters) – China said on Monday it is willing to work with the United States for a positive outcome in trade negotiations this week. Chinese Vice Premier Liu He…
HSBC says performs first trade finance deal using single blockchain system
HONG KONG (Reuters) – HSBC Holdings Plc (HSBA.L) said on Monday it has performed the world’s first trade finance transaction using a single blockchain platform, in a push to boost…
ZTE employees in China cheer Trump tweet
HONG KONG (Reuters) – Employees of ZTE Corp, the Chinese telecom equipment maker, are cheering a tweet by U.S. President Donald Trump that suggested a resolution is in sight for…
JPMorgan submits application for majority-owned China securities business
HONG KONG (Reuters) – JPMorgan Chase & Co (JPM.N) said on Monday it had submitted an application to the Chinese securities regulator for setting up a new onshore securities business…