Business News
U.S. aims to restart China trade talks, will not accept conditions on tariff use6/26/2019 4:09:59 PM The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.U.S. wants 'reasonable' trade deal with China: U.S. Commerce Secretary6/26/2019 4:09:31 PM The United States "is not looking for victory" with China over trade but wants "a sensible deal that addresses the legitimate issues that we have," U.S. Commerce Secretary Wilbur Ross said on Wednesday.Fate of opioid litigation hinges on government 'police power'6/26/2019 3:51:02 PM The fate of thousands of lawsuits seeking to hold drugmakers responsible for fueling the U.S. opioid epidemic hinges in part on a thorny legal question: Can a company use a bankruptcy to stop lawsuits from cities and states?Airlines and regulators meet to discuss Boeing 737 MAX un-grounding efforts6/26/2019 3:48:58 PM Airlines and regulators are gathering at a closed-door summit in Montreal on Wednesday to exchange views on steps needed for a safe and coordinated return of Boeing Co's grounded 737 MAX jets to the skies following two deadly crashes.Exclusive: China hacked eight major computer services firms in years-long attack6/26/2019 3:47:36 PM Hackers working for China's Ministry of State Security broke into networks of eight of the world's biggest technology service providers in an effort to steal commercial secrets from their clients, according to sources familiar with the attacks.Macron calls for synergies, alliances' to strengthen Renault-Nissan6/26/2019 3:28:43 PM French President Emmanuel Macron on Wednesday called for further synergies and alliances to strengthen the Renault-Nissan partnership in a global market.Macron says France to be vigilant over Carlos Ghosn's rights6/26/2019 3:28:24 PM President Emmanuel Macron said on Wednesday France would remain vigilant that Carlos Ghosn's presumption of innocence and the former Renault-Nissan leaders' rights to defend himself in a Japanese lawcase are respected.Large carmakers including Volkswagen, FCA could face 2021 EU emissions fines: study6/26/2019 3:22:39 PM Volkswagen and FiatChrysler could face penalties of up to 1.83 billion euros ($2.08 billion) and 746 million euros respectively, if they fail to meet the European Union's emissions targets set for 2021, according to AlixPartners.Broadcom in EU antitrust spotlight, faces interim measures6/26/2019 3:22:11 PM EU antitrust regulators will investigate whether U.S. chipmaker Broadcom uses exclusivity restrictions to block rivals in the TV and modem chipsets markets, a move that could lead to hefty fines for the company and an order to end such practices.China's Alibaba aims to double Tmall Global brands with English portal6/26/2019 3:10:52 PM Chinese e-commerce giant Alibaba on Wednesday launched an English-language website for its Tmall Global marketplace aimed at merchants, in an attempt to double the number of international brands on the platform to 40,000 in the next three years.Swiss ban planemaker Pilatus from operating in Saudi Arabia, UAE6/26/2019 3:03:04 PM Switzerland has banned planemaker Pilatus from operating in Saudi Arabia and the United Arab Emirates (UAE), saying on Wednesday the company had breached Swiss rules on giving logistical support to foreign armed forces now engaged in a war in Yemen.Oil prices rise on drop in U.S. crude stocks, refinery outage6/26/2019 2:51:36 PM Oil prices rose on Wednesday, buoyed by an outage at a major refinery on the U.S. East Coast and industry data that showed U.S. crude stockpiles fell more than expected.Volkswagen's Traton expected to price IPO toward lower end of range: sources6/26/2019 2:46:00 PM Volkswagen's truck unit Traton is expected to price its initial public offering (IPO) this week toward the lower end of the marketing range, people close to the matter said.U.S. Treasury Secretary says U.S.-China trade deal is 90% done: CNBC6/26/2019 1:56:42 PM U.S. Treasury Secretary Steven Mnuchin said on Wednesday that the trade deal between the United States and China is "about 90%" complete, CNBC reported.Fed's Powell resists pressure for hefty rate cut, sends global stocks down6/26/2019 1:37:45 PM Global stocks fell while the dollar rose on Wednesday as comments from U.S. Federal Reserve dampened excitement about an aggressive rate cut as early as July from the world's most important central bank.Japan watchdog to recommend $24 million fine for Nissan over Ghosn pay: source6/26/2019 1:23:11 PM Japan's markets watchdog will likely recommend that the financial regulator fine Nissan Motor Co up to 4 billion yen ($37 million) over the alleged underreporting of former Chairman Carlos Ghosn's compensation, a source said.Japan's Abe hopes U.S., China resolve trade war through constructive talks6/26/2019 12:34:19 PM Japanese Prime Minister Shinzo Abe said on Wednesday that he hoped the United States and China would resolve their trade war through constructive dialogue when they meet at a gathering of leaders from the Group of 20 major economies.Bombardier exits commercial aviation with sale of regional jet business to Mitsubishi6/26/2019 12:23:20 PM Bombardier Inc said it will sell its money-losing regional jet business to Japan's Mitsubishi Heavy Industries Ltd (MHI) for $550 million in cash, in a deal marking the Canadian plane and train maker's exit from commercial aviation.Walmart aims to list minority stake in Japan unit Seiyu6/26/2019 12:14:17 PM Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the U.S. retail giant was looking to exit Japan where it has struggled to grow.TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case6/26/2019 11:45:34 AM Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.