EU to respond to any U.S. auto tariff move: report
PARIS (Reuters) – The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments…
Xiaomi puts indefinite delay on CDRs in blow to China’s plans for tech listings
HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp (IPO-XMGP.HK) said on Saturday there is no timeframe for a mainland share offering, casting doubt on Beijing’s efforts to lure foreign-listed…
German carmakers join American farmers on front line of U.S.-China trade war
WASHINGTON/FRANKFURT/BEIJING (Reuters) – An increasingly shrill exchange of words between the United States and China that is threatening to trigger a global trade war has claimed another victim – Germany’s…
Ford to redevelop symbol of Detroit decline to house tech workers
DETROIT (Reuters) – Ford Motor Co executives on Tuesday said the automaker will renovate and revamp Michigan Central Station, Detroit’s infamous blighted landmark, turning it into offices for up to…
ZTE, U.S. suppliers shares tank after Senate puts Trump reprieve in doubt
HONG KONG (Reuters) – Shares of ZTE Corp and its American business partners took a hit on Tuesday after the U.S. Senate’s passage of a defense bill set up a…
New head of FDIC plans to review financial health rating system
WASHINGTON (Reuters) – The newly appointed head of the Federal Deposit Insurance Corporation (FDIC) said on Tuesday said she plans to review the decades-old system for measuring lenders’ financial health,…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the…
Theranos founder Holmes, former president indicted for fraud
(Reuters) – Theranos Inc founder Elizabeth Holmes and the embattled blood-testing company’s former president were indicted on charges that they engaged in schemes to defraud investors, doctors and patients, the…
Trump sets tariffs on $50 billion in Chinese goods; Beijing strikes back
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump said he was pushing ahead with hefty tariffs on $50 billion of Chinese imports on Friday, and the smoldering trade war between the…
GSK’s two-drug HIV treatment meets main goal in late stage studies
(Reuters) – GlaxoSmithKline’s two-drug treatment for HIV, the virus that causes AIDS, met its main goal in late stage studies, scoring key points in its rivalry with Gilead in the…