Chinese support measures buoy world stocks
LONDON (Reuters) – Global shares were buoyant on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.…
GM shuts Australia, NZ operations; sells Thai plant to Great Wall
NEW YORK/BEIJING (Reuters) – General Motors Co (GM.N) said it would wind down its Australian and New Zealand operations and sell a Thai plant in the latest restructuring of its…
EU industry chief warns of more onerous tech rules by year end
BRUSSELS (Reuters) – The European Union will decide by the end of the year whether to impose rules reining in the market power of U.S. tech giants, the bloc’s industry…
Thyssenkrupp shortlists buyout firms for elevator unit, Kone out
FRANKFURT/DUESSELDORF, Germany (Reuters) – Germany’s Thyssenkrupp (TKAG.DE) has shortlisted two private equity consortia in the sale of its 16 billion euro ($17 billion) elevator unit, dealing a blow to Finland’s…
New York drops fight against T-Mobile-Sprint merger
NEW YORK (Reuters) – New York on Sunday dropped its fight against the $40 billion merger of U.S. wireless carriers T-Mobile US Inc (TMUS.O) and Sprint Corp (S.N), saying the…
Oil edges up as output cut hopes offset coronavirus concern
NEW YORK/LONDON (Reuters) – Oil prices inched up on Monday as concerns over the economic fallout from the coronavirus outbreak in China were offset by expectations that potential production cuts…
EU industry chief tells Facebook to adapt to EU, not other way round
BRUSSELS (Reuters) – EU industry commissioner Thierry Breton said on Monday it was for Facebook to adapt to Europe’s standards, not the other way round, as he criticized the U.S.…
Xerox courts HP shareholders as takeover battle heats up
(Reuters) – U.S. printer maker Xerox Holdings Corp (XRX.N) is hosting a dinner for HP Inc (HPQ.N) shareholders this week as it seeks investor support to overcome the personal computer…
Amazon’s Bezos pledges $10 billion to climate change fight
FILE PHOTO: Founder, Chairman, CEO and President of Amazon Jeff Bezos speaks during an event about Blue Origin’s space exploration plans in Washington, U.S., May 9, 2019. REUTERS/Clodagh Kilcoyne NEW…
U.S. mulls cutting Huawei off from global chip suppliers, with TSMC in crosshairs
WASHINGTON (Reuters) – The Trump administration is considering changing U.S. regulations to allow it to block shipments of chips to Huawei Technologies from companies such as Taiwan’s TSMC (2330.TW), the…