Month: May 2019

General Motors Co said on Thursday it would invest $24 million to increase full-size truck production at its assembly plant in Fort Wayne, Indiana.

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U.S. President Donald Trump and British Prime Minister Theresa May will discuss Chinese technology company Huawei Technologies and the effort to build a fifth generation cellular network during the U.S. leader’s visit to London next week, a British official said on Thursday.

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HSBC is set to cut several hundred jobs in its investment banking business by the end of the year, according to a source familiar with the matter, as it seeks to improve returns.

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World stock markets climbed for the first time this week on Thursday, giving pause to a multiday selloff on fears of an escalating trade war between the United States and China that has pushed investors into safe-haven bonds and the U.S. dollar.

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U.S. President Donald Trump’s national security adviser John Bolton said on Thursday it was not clear to the United States that a decision on British government policy towards Chinese telecoms firm Huawei had been taken in its final form.

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Nissan’s advanced technologies including platforms and electric powertrains could give it leverage in a merger involving Renault and Fiat Chrysler, thanks to a royalty system it has with the former, two people with knowledge of the matter said.

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U.S. stocks rose for the first time this week on Thursday, as President Donald Trump said trade talks with China are doing well, offering a glimmer of hope to markets roiled by trade tensions.

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U.S. President Donald Trump’s national security adviser John Bolton said on Thursday it was not clear to the United States that a decision on British government policy towards Chinese telecoms firm Huawei had been taken in its final form.

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CBS Corp’s board is preparing for merger talks with Viacom Inc, CNBC reported https://www.cnbc.com/2019/05/30/the-board-of-cbs-is-preparing-for-deal-talks-with-viacom-sources.html on Thursday, citing sources.

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Mexico’s government will send a new North American trade deal on Thursday to the Senate, which should ratify the accord “soon,” President Andres Manuel Lopez Obrador said at a news briefing.

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Standard Bank shareholders on Thursday voted down a resolution that would have required the South African lender to report climate risk in its activities, although they passed another forcing it to disclose its coal financing policies.

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Wall Street opened slightly higher on Thursday, taking a breather from a trade tension-driven selloff that has knocked more than 5% off the value of major stock indexes since the start of May.

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Beijing-based technology research group The China Computer Federation (CCF) is suspending communications with a U.S. based engineers’ association in the latest example of fallout from the U.S. embargo on phone maker Huawei Technologies [HWT.UL].

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Markets saw a modest rebound in risk appetite on Thursday, as traders took a break from selling beaten-down stocks and pumping money into safe-haven bonds and the dollar.

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