Business News
Asian shares hover near four-month high, buoyed by trade optimism2/19/2019 4:47:33 AM Asian shares hovered near a four-month peak on Tuesday, supported by hopes that Sino-U.S. trade talks were making positive progress and expectations of policy stimulus from central banks.U.S. oil prices hit three-month high amid OPEC-led output cuts2/19/2019 4:43:12 AM U.S. oil prices hit a three-month high on Tuesday, buoyed by production cuts led by the Organization of the Petroleum Exporting Countries.Huawei founder says Huawei CFO arrest was politically motivated: BBC2/19/2019 4:35:18 AM Huawei founder Ren Zhengfei said on Monday that the arrest of his daughter, Huawei Chief Financial Officer Meng Wanzhou, was politically motivated.Britain does not support total Huawei network ban: sources2/19/2019 4:34:16 AM British security officials do not support a full ban of Huawei from national telecoms networks despite U.S. allegations the Chinese firm and its products could be used by Beijing for spying, people with knowledge of the matter said.U.S. FAA investigates Southwest over baggage weight discrepancies: WSJ2/19/2019 3:56:00 AM The U.S. Federal Aviation Administration is investigating Southwest Airlines Co for widespread failure to accurately track the combined weight of checked bags loaded onto its jets, the Wall Street Journal reported on Monday.Auto industry lines up against possible U.S. tariffs2/18/2019 11:45:12 PM The U.S. auto industry urged President Donald Trump's administration on Monday not to saddle imported cars and auto parts with steep tariffs, after the U.S. Commerce Department sent a confidential report to the White House late on Sunday with its recommendations for how to proceed.Honda to close UK car plant with the loss of 3,500 jobs2/18/2019 11:00:10 PM Japanese carmaker Honda is set to announce the closure of its only British car plant in 2022 with the loss of 3,500 jobs, a lawmaker told Reuters, in the latest blow to the UK car industry as Brexit approaches.U.S. agency submits auto tariff probe report to White House2/18/2019 10:59:43 PM The U.S. Commerce Department sent a report on Sunday to U.S. President Donald Trump that could unleash steep tariffs on imported cars and auto parts, provoking a sharp backlash from the industry even before it is unveiled, the agency confirmed.EU's Juncker expects Trump to refrain from imposing higher tariffs on cars2/18/2019 10:39:45 PM U.S. President Donald Trump has promised European Commission President Jean-Claude Juncker that he will not impose additional import tariffs on European cars for the time being, Juncker was quoted in a published interview as saying on Monday.U.S. tariffs on EU cars could mean EU buying less U.S. soya beans and gas: Juncker2/18/2019 10:39:10 PM United States tariffs on imports of European cars could mean that Europe would buy less soya beans and liquid gas from the U.S., the head of the European Commission Jean-Claude Juncker said on Monday.Papa John's founder Schnatter says he welcomes hedge fund Starboard2/18/2019 9:43:47 PM Papa John's International Inc founder John Schnatter welcomes hedge fund Starboard Value LP's investment in the pizza restaurant chain, his lawyer said, even as he filed an updated lawsuit on Monday against the company.Germany bans Wirecard 'shorting' as prosecutors probe FT journalist2/18/2019 9:35:01 PM Germany's financial watchdog has banned "short" selling of Wirecard shares due to volatility in the payments firm's stock following reports in the Financial Times which are now the subject of an investigation by German authorities.Honda plan to close UK plant is not due to Brexit: lawmaker2/18/2019 8:27:45 PM Japan's Honda plans to shut its British car plant in Swindon by 2022 with the loss of 3,500 jobs but the decision is not related to Brexit, a local lawmaker told Reuters on Monday.Citi expects privatization to bolster revenue in Brazil2/18/2019 8:18:52 PM Citigroup Inc expects to boost annual revenue in Brazil over the next years by advising potential public asset sales and through a revival in capital markets, its chief executive officer in Brazil told journalists on Monday.Russia's Rusal is in talks to resume reinsurance with Western companies2/18/2019 7:50:44 PM Russia's Rusal, the world's second-largest aluminum producer, is in talks to resume reinsuring its risks with Western companies after Washington lifted sanctions on it, officials with Russian National Reinsurance Co (RNRC) said.World stocks lifted to 2 1/2-month highs by trade optimism2/18/2019 6:30:45 PM Hopes for progress in Sino-U.S. trade talks and expectations of policy stimulus from central banks lifted world stocks to 2 1/2- month highs on Monday, though European gains were held back by concern over the outlook for auto makers.Britain's FT says allegations over Wirecard reporting are false2/18/2019 3:58:41 PM Britain's Financial Times rejected as "baseless and false" any allegations accusing the newspaper or its reporters of market manipulation or unethical reporting in relation to German payments company Wirecard.Citi in talks to buy Canary Wharf office building: source2/18/2019 12:59:27 PM Citigroup is in talks to buy the tower housing its European headquarters in London's Canary Wharf district, which is on the market with a price tag of around 1.2 billion pounds ($1.55 billion), a source familiar with the matter said.SoftBank invests in Mubadala's new $400 million European tech fund: source2/18/2019 10:56:43 AM Japan's SoftBank Group has provided nearly half of the cash for Abu Dhabi's state investor Mubadala Investment Co's new $400 million fund investing in European start-ups, a source familiar with the matter said.New Zealand will conduct own assessment of Huawei equipment risk: PM2/18/2019 10:52:35 AM New Zealand will independently assess the risk of using China's Huawei Technologies in 5G networks, Prime Minister Jacinda Ardern said on Monday after a report suggested that British precautions could be used by other nations.