Business News
World Stocks stumble as U.S. yields near 3 percent4/23/2018 1:10:23 PMLONDON - World stocks slipped on Monday as investors braced for a blizzard of earnings from the world's largest firms, while keeping a wary eye on U.S. bond yields as they approach peaks that have triggered market spasms in the past.GM Korea drops bankruptcy vote plan after last-minute wage deal4/23/2018 1:31:56 PMSEOUL - General Motors Co's (GM) South Korean unit dropped a plan for a vote on a bankruptcy filing after reaching a tentative wage deal with its labour union on Monday that helped the U.S. automaker win concessions on pay, bonuses and benefits.China fund managers slash ZTE valuation after U.S. sanction4/23/2018 11:39:04 AMSHANGHAI - Chinese funds have slashed valuations of ZTE Corp after the United States banned American companies from selling components to the telecoms equipment maker for seven years, a move ZTE said threatened its very survival.U.S. fund managers brace for trade war with focus on pricing power4/23/2018 1:42:55 PMNEW YORK - Investors' fears of an all-out trade war between the United States and China is prompting U.S. stock fund managers to hunt for companies that can easily pass on higher costs to their consumers.Libya examines Total-Marathon purchase, casting doubt on deal: sources4/23/2018 1:56:36 PMTUNIS/LONDON - Libya is considering whether to intervene in a $450 million deal that French major Total announced last month to buy a Marathon Oil stake in the country's Waha concessions, several sources familiar with the matter told Reuters.German engineering trade body calls for new EU trade deal with U.S.4/23/2018 11:35:05 AMHANOVER, Germany - The head of Germany's engineering trade body on Monday called for a fresh attempt at a free trade agreement between the United States and the European Union in the face of steel and aluminum tariffs announced by U.S. President Donald Trump.'People will revolt': workers say Russia must save sanctions-hit Rusal4/23/2018 12:10:56 PMSAYANOGORSK, Russia - Workers at one of Russia's biggest aluminum smelters say their Siberian town is doomed unless Moscow mitigates U.S. sanctions against aluminum giant Rusal, a predicament mirrored across the company's sprawling operations.China's HNA Group to remain a 'major investor' in Deutsche Bank: HNA spokesman4/23/2018 12:10:08 PMBEIJING - China's HNA Group [HNAIRC.UL] will remain a "major investor" in Deutsche Bank , the aviation-to-financial services conglomerate said in a statement on Monday, citing a company spokesman.Air France KLM shares fall amid more strike disruption4/23/2018 11:51:08 AMPARIS - Air France KLM shares fell on Monday as its Air France division faced further disruption to flights due to workers striking in protest over pay.Graphic: The long goodbye to easy money - Five questions for the ECB4/23/2018 11:16:54 AMLONDON - The ECB meets on Thursday against a backdrop of concern about a global trade spat and a softening in euro zone economic data that could potentially hamper the central bank's plans to unwind its extraordinary monetary stimulus.