German car and truck manufacturer Daimler on Tuesday said it has dropped plans to expand its Iran business in reaction to renewed U.S. sanctions, which come into effect on Tuesday.
A rebound in battered Chinese stock markets on Monday helped lift Asian equities, which also drew support from earnings-led gains on Wall Street in a welcome relief for investors grappling with an intensifying Sino-U.S. trade conflict.
Alibaba Group plans to merge its food delivery units and raise funds for the combined business, intensifying a battle with Tencent-backed Meituan Dianping for dominance of China’s booming on-demand services market, four people told Reuters.
Google, the world’s biggest search engine, is welcome to return to China as long as it complies with the nation’s laws and right to control the internet within its borders, the People’s Daily said. The opinion piece in the state-run newspaper said the Alphabet Inc. unit’s 2010 withdrawal from China, when it complained about hacking and censorship, was a mistake that caused it to miss out on opportunities. It also made Google a politicized brand, a “tragedy” for the company, the newspaper said. …read more […]
Chinese state media kept up their criticism of U.S. President Donald Trump’s trade policies, with a newspaper on Tuesday describing as “wishful thinking” Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war.
Asian stocks wobbled on Tuesday as simmering worries over the U.S.-China trade conflict offset positive leads from earnings-led gains on Wall Street.
The U.S. Justice Department wants to suspend its legal efforts to take possession of the superyacht Equanimity, impounded as part of a hunt for assets linked to the multi-billion dollar 1Malaysia Development Bhd (1MDB) scandal.
After a string of controversies and privacy scandals, Facebook found the one thing that Wall Street won’t tolerate. …read more […]
President Donald Trump is claiming that California’s water policy is shortchanging firefighters of water to battle the state’s raging wildfires. TRUMP: “California wildfires are being magnified & made so much worse by the bad environmental laws which aren’t allowing massive amount of readily available water to be properly utilized. It is being diverted into the Pacific Ocean. …read more […]
Asian stocks were largely steady on Tuesday, with worries over the U.S.-China trade conflict offsetting support from earnings-led gains on Wall Street.
A Chinese state newspaper on Tuesday described as “wishful thinking” U.S. President Donald Trump’s belief that a fall in Chinese stocks was a sign of his winning the trade war and an example of his “ability to elasticize the truth.”
Investor Carl Icahn will send an open letter to the shareholders of insurer Cigna Corp asking them to vote against the company’s $52 billion Express Scripts Holding Co buyout, the Wall Street Journal reported on Monday, citing a draft of the letter.
Aug.06 — Om Malik, True Ventures partner, and Bloomberg’s Alistair Barr discuss Apple Inc.’s lagging sales in India with Bloomberg’s Emily Chang on “Bloomberg Technology.” …read more […]
Facebook Inc said on Monday it is in talks to deepen links with banks and financial institutions, saying it can help the firms improve their customer service.
Sempra Energy’s Chief Executive Jeffrey Martin told investors on Monday the company was in a “constructive dialogue” with activist investor Elliott Management, which has been pushing for sweeping changes at the utility.
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