U.S., China putting trade war on hold, Treasury’s Mnuchin says
WASHINGTON (Reuters) – The U.S. trade war with China is “on hold” after the world’s largest economies agreed to drop…
South Korea’s LG Group chairman dies from illness at 73
SEOUL (Reuters) – The chairman of South Korea’s LG Group, Koo Bon-moo, instrumental to transforming the country’s fourth-largest conglomerate into…
South Korea’s LG Group chairman dies at 73
SEOUL (Reuters) – South Korea’s fourth-largest conglomerate LG Group said its Chairman Koo Bon-moo passed away on Sunday due to…
Airbus loses ground in bid to sell jets to United: sources
PARIS/NEW YORK (Reuters) – Airbus’s hopes of winning an immediate respite from slow sales of its A330neo jetliner with an…
CBS votes to end Redstone control, needs court approval
(Reuters) – CBS Corp’s (CBS.N) board on Thursday approved a special dividend that would cut controlling shareholder Shari Redstone’s stake…
Asia oil thirst tab $1 trillion a year as crude rises to $80
SINGAPORE/MUMBAI (Reuters) – Oil prices are poised to break through $80 per barrel and Asia’s demand is at a record,…
Sivantos and Widex in $8 billion merger to create No.3 in hearing aids
COPENHAGEN/FRANKFURT (Reuters) – Hearing aid makers Widex and Sivantos are merging to create an industry number three that can invest…
Deutsche Boerse’s chairman signals may not serve full term
FRANKFURT (Reuters) – The chairman of Deutsche Boerse’s (DB1Gn.DE) supervisory board said on Wednesday he would not insist on serving…
Italian stocks slide, dollar powers on to new 2018 high
LONDON (Reuters) – Italian stocks slid on Wednesday after reports that the two parties seeking to form Italy’s next government…
Nestle to cut more sugar and salt in its products
VEVEY, Switzerland (Reuters) – Nestle will make further cuts to the amount of sugar, salt and saturated fats in its…
Qualcomm-NXP deal still on hold in China, trade talks with U.S. eyed: sources
BEIJING/SHANGHAI (Reuters) – Qualcomm’s proposed $44 billion takeover of rival NXP Semiconductors is yet to see a concrete breakthrough in…
Turkey’s lira slides after Erdogan says wants greater economic control
ISTANBUL (Reuters) – Turkey’s lira slid to a record low and bond yields briefly touched their highest in at least…
Soft China April investment, retail sales suggest economy losing steam
BEIJING (Reuters) – China reported weaker-than-expected investment and retail sales in April and a drop in home sales, clouding its…
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…
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…
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…
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…
Credit raters put pressure on Deutsche Bank over new strategy
FRANKFURT (Reuters) – Deutsche Bank’s (DBKGn.DE) new chief executive Christian Sewing needs to come up with a convincing strategy swiftly…
Japan Airlines to set up low-cost carrier, targeting Asian demand
TOKYO (Reuters) – Japan Airlines Co Ltd (JAL) (9201.T) is launching a low-cost carrier offering medium to long-haul flights, aiming…
GM Korea cancels news briefing as temporary workers storm venue
BUPYEONG, South Korea (Reuters) – General Motors Co’s (GM.N) South Korean unit canceled a news conference on Monday after a…
In concession, Trump will help China’s ZTE ‘get back into business’
WASHINGTON (Reuters) – U.S. President Donald Trump pledged on Sunday to help Chinese technology company ZTE Corp “get back into…
In concession, Trump says will help China’s ZTE ‘get back into business’
WASHINGTON (Reuters) – U.S. President Donald Trump said in a tweet on Sunday that he has asked the Commerce Department…
Sober in Sin City: Hedge funds focus on work at Las Vegas event
LAS VEGAS (Reuters) – A hedge fund industry gathering in Las Vegas this week was far less decadent than those…
Walmart may launch IPO for Flipkart in as early as four years
MUMBAI (Reuters) – Walmart Inc (WMT.N) said on Saturday in a filing with a U.S. regulator that it may take…
AT&T CEO: We made ‘big mistake’ hiring Cohen, chief lobbyist out
(Reuters) – AT&T Inc (T.N) on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said…
Exclusive – AT&T CEO: We made ‘big mistake’ hiring Cohen, chief lobbyist out
(Reuters) – AT&T Inc (T.N) on Friday ousted its top lobbyist, and the No. 2 wireless carrier’s chief executive said…
China’s multi-story hog hotels elevate industrial farms to new levels
YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head…
Mazda names Americas head as CEO, as North America expansion in focus
TOKYO (Reuters) – Mazda Motor Corp (7261.T) has named the head of its Americas operations as its next president and…
Insight: China’s multi-story hog hotels elevate industrial farms to new levels
YAJI MOUNTAIN, China (Reuters) – On Yaji Mountain in southern China, they are checking in the sows a thousand head…
U.S. East Coast refiners look to Texas crude for discounted oil
NEW YORK (Reuters) – U.S. East Coast refiners are shipping more shale oil from the Gulf Coast thanks to heavy…
Walmart to buy controlling stake in India’s Flipkart for $16 bln
MUMBAI/NEW YORK (Reuters) – Walmart Inc (WMT.N) will pay $16 billion for a roughly 77 percent stake in Indian e-commerce…
Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal
LONDON (Reuters) – Vodafone (VOD.L) has agreed to pay $21.8 billion to buy Liberty Global’s (LBTYA.O) assets in Germany and…
Lack of Wall Street back-office deters mainstream crypto investments
NEW YORK (Reuters) – Mundane back-office concerns are giving pause to potential investors in digital currency hedge funds who have…
Exclusive: Comcast prepares all-cash bid to gate-crash Disney-Fox deal – sources
(Reuters) – U.S. cable operator Comcast Corp is asking investment banks to increase a bridge financing facility by as much…
Australia’s ANZ cuts financial planner bonuses as inquiry reshapes an industry
SYDNEY (Reuters) – Australia’s ANZ said it would quit paying bonuses to financial planners for selling its products, becoming the…
Talks between Swiss Re and SoftBank close to collapsing: FT
ZURICH (Reuters) – Discussions between Swiss Re (SRENH.S) and SoftBank (9984.T) about the Japanese group potentially taking a stake in…
Planemakers risk order disruption as Etihad reviews strategy
DUBAI/PARIS/ABU DHABI (Reuters) – Airbus (AIR.PA) and Boeing (BA.N) are preparing for possible changes to dozens of plane orders from…
Air France-KLM CEO to quit after staff reject pay deal
PARIS (Reuters) – Air France-KLM (AIRF.PA) CEO Jean-Marc Janaillac said on Friday he would resign after staff rejected a pay…
Printing body parts in hospital shows 3D tech’s growing reach
NEW YORK (Reuters) – Three-dimensional printers are letting doctors in Minnesota make simulated body parts in a hospital and a…
Four found guilty in insider trading case linked to U.S. health agency
NEW YORK (Reuters) – Two partners at the hedge fund Deerfield Management and two others were found guilty on Thursday…
Ex-Volkswagen CEO Winterkorn charged in U.S. over diesel scandal
WASHINGTON (Reuters) – The U.S. Justice Department on Thursday disclosed the filing of criminal charges against former Volkswagen AG (VOWG_p.DE)…
Scientists devise new, more accurate peanut allergy test
LONDON (Reuters) – British scientists have developed a far more accurate blood test to diagnose peanut allergy, offering a better…
OPEC April oil output hits year low on Venezuela slide: Reuters survey
LONDON (Reuters) – OPEC oil output fell in April to a one-year low due to declining production in Venezuela and…
Canadian exchange operator TMX blames hardware failure for outage
TORONTO (Reuters) – Canada’s largest stock exchange operator said on Saturday that the failure of data storage equipment caused an…
T-Mobile, Sprint say $26 billion deal would give U.S. tech lead over China
(Reuters) – T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N) said on Sunday they had agreed to a $26 billion…
U.S. regulator permits China’s ZTE to submit more evidence
NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s (000063.SZ) (0763.HK) request to submit more evidence after…
Trump rails against high oil prices, OPEC pushes back
WASHINGTON/JEDDAH, Saudi Arabia (Reuters) – U.S. President Donald Trump accused OPEC on Friday of “artificially” boosting oil prices, drawing rebukes…
A U.S. recession ahead? Fed policymakers say not to worry
CHICAGO/SAN FRANCISCO (Reuters) – As the gap between short- and long-term borrowing costs hovers near its lowest in more than…
China’s ZTE slams U.S. ban on sales, says company’s survival at risk
HONG KONG (Reuters) – China’s ZTE Corp (0763.HK) (000063.SZ) said on Friday that a U.S. ban on the sale of…
Starbucks to close 8,000 U.S. stores for one afternoon for racial-bias training
(Reuters) – Starbucks Corp (SBUX.O) will close 8,000 company-owned U.S. cafes for the afternoon on May 29 so 175,000 employees…
Australia government says banking executives responsible for misconduct could face jail
SYDNEY (Reuters) – Australian Treasurer Scott Morrison warned on Wednesday that financial sector executives responsible for widespread breaches of corporate…
Canada seeks U.S. help to solve EpiPen shortage
TORONTO (Reuters) – Canada said on Tuesday it is working with the U.S. Food and Drug Administration to access supplies…
U.S. bans American companies from selling to Chinese phone maker ZTE
LONDON/NEW YORK (Reuters) – The U.S. Department of Commerce has banned American companies from selling components to Chinese telecom equipment…
China tariffs on U.S. business jets no clear boost to rivals: aviation executives
SHANGHAI (Reuters) – China’s planned tariffs on U.S. business jets may do little to buoy rivals despite concerns the moves…
Ad king Sorrell's abdication leaves WPP at crossroads
LONDON (Reuters) – Martin Sorrell’s sudden exit from WPP marks a shocking end to the career of a chief executive…
Facebook fuels broad privacy debate by tracking non-users
SAN FRANCISCO (Reuters) – Concern about Facebook Inc’s (FB.O) respect for data privacy is widening to include the information it…