Asian shares, yuan on shaky ground on specter of Sino-U.S. trade war
TOKYO (Reuters) – Asian stocks were on shaky ground on Wednesday while the Chinese yuan stood near 11-month lows as the specter of a Sino-U.S. trade war haunted investors ahead…
Glencore gets U.S. subpoena on compliance with money-laundering laws
LONDON (Reuters) – U.S. authorities have demanded the U.S. arm of Glencore Plc (GLEN.L) hand over documents relating to its business in Nigeria, the Democratic Republic of Congo and Venezuela,…
Tesla hits Model 3 production target, backs profit view
(Reuters) – Tesla Inc (TSLA.O) crossed its long-elusive target of producing 5,000 Model 3 cars in a week after several delays, and reaffirmed its positive cash flow and profit forecast…
Exclusive: Tesla hits Model 3 manufacturing milestone, hours after deadline – factory sources
SAN FRANCISCO (Reuters) – Tesla Inc (TSLA.O) nearly produced 5,000 Model 3 electric sedans in the last week of its second quarter, with the final car rolling off the assembly…
Trump says OPEC manipulating oil market, warns Europe on Iran
WASHINGTON (Reuters) – President Donald Trump accused OPEC of manipulating world oil markets and warned it to stop, while also saying the United States will sanction European companies that do…
China factory growth slows in June as trade tensions rise
BEIJING (Reuters) – Growth in China’s manufacturing sector slowed in June after a better-than-expected performance in May, official data showed, as escalating trade tensions with the United States fuel concerns…
Amazon to buy PillPack in potentially disruptive drug retail push
(Reuters) – Amazon.com Inc said on Thursday it would buy small online pharmacy PillPack, a move that will put the world’s biggest online retailer in direct competition with drugstore chains,…
China’s Xiaomi prices HK IPO at bottom of range, raises $4.72 billion: sources
HONG KONG (Reuters/IFR) – China’s Xiaomi Corp (1810.HK) priced its Hong Kong initial public offering (IPO) at the bottom of an indicative range, raising $4.72 billion in the world’s biggest…
Conagra to buy Pinnacle for $8.1 billion, creating frozen food powerhouse
(Reuters) – Conagra Brands Inc (CAG.N) said on Wednesday it would buy Pinnacle Foods Inc (PF.N) for about $8.1 billion, trying to grab a bigger share of the fast-growing snack…
Trump to use U.S. security review panel to curb China tech investments
WASHINGTON (Reuters) – U.S. President Donald Trump said on Wednesday he will use a strengthened national security review process to thwart Chinese acquisitions of sensitive American technologies, a softer approach…