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February 22, 2020
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Amazon secures top Champions League rights for Germany

Reuters
FILE PHOTO: The logo of Amazon is seen on the door of an Amazon Books retail store in New York City, U.S., February 14, 2019. REUTERS/Brendan McDermid BERLIN (Reuters) – Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the......
Reuters - Business

U.S. trade offensive takes out WTO as global arbiter

Reuters
BRUSSELS (Reuters) – U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body. FILE PHOTO: Delegates talk before the opening of the General Council at the......
Reuters - Business

Apple has ‘deep concerns’ that ex-employees accused of theft will flee to China

Reuters
SAN JOSE, California (Reuters) – Apple Inc on Monday told a federal court it has “deep concerns” that two Chinese-born former employees accused of stealing trade secrets from the company will try to flee before their trials if their locations are not monitored. FILE PHOTO: The Apple Inc. logo is......
Reuters - Business

Japan’s markets watchdog recommends $22 million fine for Nissan over Ghosn pay

Reuters
FILE PHOTO: The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Japan’s markets watchdog said on Tuesday it has recommended that the country’s financial regulator fine Nissan Motor Co Ltd (7201.T) about 2.4 billion yen......
Reuters - Business

Japan’s markets watchdog recommends 2.4 billion yen fine for Nissan over Ghosn pay

Reuters
FILE PHOTO: The Nissan logo is seen at their booth at the Tokyo Motor Show, in Tokyo, Japan October 23, 2019. REUTERS/Edgar Su TOKYO (Reuters) – Japan’s markets watchdog said on Tuesday it has recommended that the country’s financial regulator fine Nissan Motor Co Ltd (7201.T) about 2.4 billion yen......
Reuters - Business

Asian shares edge down as tariff deadline hems bets

Reuters
SHANGHAI (Reuters) – Asian equity markets eased slightly on Tuesday, tracking Wall Street declines as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage......
Reuters - Business

Saudi Aramco will exercise 15% greenshoe option in whole or part during first 30 days of trading: statement

Reuters
FILE PHOTO: A sign of Saudi Aramco’s initial public offering (IPO) is seen during a news conference by the state oil company at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed/File Photo RIYADH (Reuters) – Saudi Aramco will exercise its 15% greenshoe option in......
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Choppy markets leave U.S. bank bonus decisions in limbo

Reuters
NEW YORK (Reuters) – December is always a month of suspense on Wall Street, as dealmakers, traders and money managers at big U.S. banks wait to find out how much they will receive in bonuses. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in......
Reuters - Business

Asian shares ease slightly as tariff deadline looms

Reuters
SHANGHAI (Reuters) – Asian equity markets ticked down on Tuesday, tracking Wall Street losses as investors fretted over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports to take effect. FILE PHOTO: An investor looks at an electronic board showing stock information at a brokerage......
Reuters - Business

Ford to nearly halve its 2018 before interest and taxes loss in China

Reuters
FILE PHOTO: Ford logo is pictured at the 2019 Frankfurt Motor Show (IAA) in Frankfurt, Germany September 10, 2019. REUTERS/Wolfgang Rattay (Reuters) – U.S. automaker Ford Motor Co. (F.N) said on Monday it expects its full year 2019 loss, before interest and taxes, from China to be nearly halved from......
Reuters - Business

White House adviser Kushner says ‘making pretty good progress’ on USMCA

Reuters
FILE PHOTO: Senior advisor Jared Kushner attends a meeting between China’s Vice Premier Liu He and U.S. President Donald Trump in the Oval Office at the White House after two days of trade negotiations in Washington, U.S., October 11, 2019. REUTERS/Yuri Gripas WASHINGTON (Reuters) – White House adviser Jared Kushner......
Reuters - Business

U.S., Canadian officials converge on Mexico City to seal final changes to trade deal

Reuters
WASHINGTON (Reuters) – Senior U.S. and Canadian officials were set to fly to Mexico City on Tuesday to work on the final changes to a languishing North American trade pact that could clear the way for a vote in the U.S. Congress before the end of the year. FILE PHOTO:......
Reuters - Business

Oil prices slip again as specter of trade war, demand concerns haunts market

Reuters
SINGAPORE (Reuters) – Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. FILE PHOTO: Oil pump jacks......
Reuters - Business

Former Boeing employee who warned about 737 problems will testify at hearing

Reuters
WASHINGTON (Reuters) – A former Boeing Co (BA.N) employee who warned of problems with 737 production will testify on Wednesday at a U.S. House hearing on the Federal Aviation Administration review of the grounded 737 MAX. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes parked at Boeing Field in......
Reuters - Business

J&J CEO spurns U.S. congressional hearing on carcinogens in talc products

Reuters
(Reuters) – Johnson & Johnson (JNJ.N) Chief Executive Officer Alex Gorsky has declined to appear at a U.S. congressional hearing set for Tuesday on the safety of the company’s Baby Powder and other talc-based cosmetics. FILE PHOTO: Alex Gorsky, Chairman and CEO of Johnson & Johnson, celebrates the 75th anniversary......
Reuters - Business

U.S. negotiators set to make last-minute trip to Mexico to pin down USMCA deal

Reuters
WASHINGTON/MEXICO CITY (Reuters) – The Trump administration, Mexico and U.S. Democrats on Monday closed in on a deal for labor-related changes to a languishing North American trade pact that may soon allow it to proceed to a vote, as the window for passage this year quickly narrows. FILE PHOTO: A......
Reuters - Business

GM loans $40 million to firm to acquire, retool shuttered Lordstown, Ohio, factory

Reuters
WASHINGTON (Reuters) – General Motors Co (GM.N) confirmed on Monday it agreed to loan $40 million to an electric vehicle start-up to facilitate the acquisition of its shuttered Lordstown Assembly plant in Ohio. FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in......
Reuters - Business

Wall St. falls as Apple, health shares drag, tariff deadline looms

Reuters
(Reuters) – U.S. stocks pulled back on Monday from near-record levels, as Apple and healthcare shares fell and investors braced for a busy week of political and economic news, including a potential turning point in the U.S.-China trade dispute. FILE PHOTO: Traders work on the floor of the New York......
Reuters - Business

Former Boeing employee, FAA officials to testify at 737 MAX hearing

Reuters
WASHINGTON (Reuters) – A former Boeing co (BA.N) employee who raised concerns about 737 production will testify on Wednesday at a U.S. House hearing on the Federal Aviation Administration review of the grounded 737 MAX. FILE PHOTO: Aerial photos showing Boeing 737 Max airplanes parked at Boeing Field in Seattle,......
Reuters - Business

Mexico asks Pelosi to act on trade deal, business groups wary

Reuters
MEXICO CITY (Reuters) – Mexican President Andres Manuel Lopez Obrador on Monday urged U.S. House Speaker Nancy Pelosi to decide on ratification of a North American trade pact, even as Mexican business groups fretted that proposed changes were weakening the deal. Mexico’s President Andres Manuel Lopez Obrador looks on during......

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