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China holds in-depth talks with U.S. on phase one of trade deal

Reuters
BEIJING (Reuters) – China and the United States are holding in-depth discussions on a “phase one” trade agreement, and cancelling tariffs is an important condition to reach such a deal, the Chinese commerce ministry said on Thursday. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade...
Reuters - Business

China holding in-depth talks with U.S. on phase one of trade deal

Reuters
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song BEIJING (Reuters) – China and the United States are holding in-depth discussions on the first phase of a trade pact, and cancelling...
Reuters - Business

Asian stocks retreat as China’s growth slowdown deepens

Reuters
TOKYO/SINGAPORE (Reuters) – Asian stocks fell on Thursday after soft economic data in China and Japan showed the trade war between Beijing and Washington hitting growth in some of the world’s biggest economies. Passersby are reflected on a stock quotation board outside a brokerage in Tokyo, Japan, August 6, 2019....
Reuters - Business

German automation talent powers Musk’s battery move to Europe

Reuters
FRANKFURT (Reuters) – To unclog bottlenecks last year at his Tesla Inc (TSLA.O) plant in California, Elon Musk flew in six planeloads of new robots and equipment from Germany to speed up battery production for its Model 3. FILE PHOTO: A Volkswagen oldtimer car drives past a Tesla Model X...
Reuters - Business

Icahn takes stake in HP, pushes for merger with Xerox: WSJ

Reuters
(Reuters) – Activist investor Carl Icahn has bought a $1.2 billion stake in HP Inc (HPQ.N) and is pushing for the personal computer maker’s merger with printer maker Xerox Corp (XRX.N), arguing that a union could yield big profits for investors, the Wall Street Journal reported on Wednesday. FILE PHOTO:...
Reuters - Business

One of China’s richest men named in Hikvision securities probe

Reuters
SHANGHAI/BEIJING (Reuters) – China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of U.S.-blacklisted surveillance camera giant Hikvision (002415.SZ), the company said. FILE PHOTO: Surveillance cameras are seen near the headquarters of Chinese video surveillance firm Hikvision in Hangzhou,...
Reuters - Business

Global miner BHP taps Australia head Henry as new CEO

Reuters
MELBOURNE (Reuters) – BHP Group Ltd (BHP.AX) (BHPB.L) on Thursday named its Australian head Mike Henry to succeed Andrew Mackenzie as the miner’s chief executive, shunning calls from some investors for fresh blood from outside the Anglo Australian giant. BHP Chairman Ken MacKenzie and Mike Henry are seen at a...
Reuters - Business

Trump threat of more China tariffs could hit consumer goods before Christmas

Reuters
WASHINGTON (Reuters) – U.S. President Donald Trump’s threat to jack up U.S. tariffs on Chinese goods if the world’s two largest economies fail to reach a trade deal could raise the price of cellphones, laptops, and toys less than two weeks before Christmas. FILE PHOTO: People watch the Christmas tree...
Reuters - Business

Biotech-for-hire PeptiDream charts new path and becomes short target

Reuters
TOKYO (Reuters) – The promise of PeptiDream Inc’s drug-discovery technology and its lucrative research-for-hire contracts have made it a darling of the Tokyo stock market. Now, those gains have made it a target for short-seller Muddy Waters. Patrick Reid, President and CEO of PeptiDream Inc, poses for a photograph at...
Reuters - Business

Billionaire Hikvision director named in Chinese disclosure probe

Reuters
FILE PHOTO: A Hikvision surveillance camera is seen on the Drum Tower in downtown Beijing, China June 19, 2019. Picture taken June 19, 2019. REUTERS/Jason Lee SHANGHAI (Reuters) – China’s securities regulator is investigating one of the country’s richest men for alleged violation of disclosure rules as a director of...
Reuters - Business

U.S. lawmakers question why Centrus awarded federal uranium contract

Reuters
WASHINGTON (Reuters) – A bipartisan group of U.S. Representatives asked officials at the Energy Department on Wednesday how Centrus Energy Corp (LEU.A), a company whose chief recently served as deputy at the department, won a federal contract to demonstrate a production method for a new fuel for nuclear power plants....
Reuters - Business

China’s Hikvision directors under investigation over disclosures

Reuters
FILE PHOTO: A Hikvision surveillance camera is seen on the Drum Tower in downtown Beijing, China June 19, 2019. Picture taken June 19, 2019. REUTERS/Jason Lee/File Photo SHANGHAI (Reuters) – Chinese surveillance equipment manufacturer Hikvision (002415.SZ) said regulators were investigating two of its directors for allegedly violating disclosure rules, piling...
Reuters - Business

Key antitrust lawmaker frustrated with Google’s Fitbit deal

Reuters
WASHINGTON (Reuters) – Lawmakers pressed top U.S. antitrust enforcers on their probes of tech giants Alphabet’s Google (GOOGL.O), Facebook (FB.O), Amazon (AMZN.O) and Apple (AAPL.O) on Wednesday, with the chair of a House subcommittee expressing frustration over the companies’ continued acquisitions. FILE PHOTO: Fitbit Blaze watch is seen in front...
Reuters - Business

WeWork third-quarter losses widen to $1.25 billion as expansion ramps up

Reuters
FILE PHOTO: A WeWork logo is seen outside its offices in San Francisco, California, U.S. September 30, 2019. REUTERS/Kate Munsch/File Photo NEW YORK (Reuters) – The We Company, owner of WeWork, said on Wednesday net losses in the third quarter widened to $1.25 billion from $497 million a year earlier...
Reuters - Business

Google Pay to offer checking accounts through Citi, Stanford Federal

Reuters
SAN FRANCISCO (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app, initially in partnership with Citigroup Inc (C.N) and a small credit union at Stanford University. The project, codenamed Cache, comes as rivals Facebook Inc (FB.O) and...
Reuters - Business

MetLife sued for gender discrimination by ex-chief administrative officer

Reuters
NEW YORK (Reuters) – MetLife Inc (MET.N) was sued for gender discrimination on Wednesday by a female former senior vice president who said she was underpaid, called a “bitch” and told she had to “choose between being pretty and being smart” while working at the insurance company. FILE PHOTO: A...
Reuters - Business

Google Pay to offer checking accounts through Citi, Stanford Federal next year

Reuters
SAN FRANCISCO (Reuters) – Alphabet Inc’s (GOOGL.O) Google said on Wednesday it will offer personal checking accounts next year through its Google Pay app in partnership with Citigroup Inc (C.N) and a small credit union at Stanford University. The project, named Cache, comes as rivals Facebook Inc (FB.O) and Apple...
Reuters - Business

Trade talks between U.S. and China ‘hit a snag’ over farm purchases: WSJ

Reuters
FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for talks in Shanghai, China July 30, 2019. REUTERS/Aly Song (Reuters) – U.S.-China trade negotiations have ‘hit a snag’ over farm purchases, with China not wanting a deal that looks one-sided in...
Reuters - Business

Ferrari adds Roma to growing ‘Prancing Horse’ stable

Reuters
MILAN (Reuters) – Ferrari is set to roll out the Roma, a record fifth new model this year for the ‘Prancing Horse’, as it expands its stable to help sustain its profit and share price growth. FILE PHOTO: The logo of Ferrari is seen on a car during the Prague...

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