Costco Wholesale Corp said it will limit the number of shoppers at its new China store after overcrowding forced the U.S. big box retailer to shut it early on the opening day.
A key part of the U.S. yield curve, a closely-followed recession indicator, inverted further on Wednesday while 30-year Treasury yields fell to a few record low on growing concern about the fallout from a bitter global trade conflict.
Aramco Trading Company (ATC) sold its first-ever cargo of U.S. West Texas Light (WTL) crude, with a South Korean refiner the buyer, as the Saudi Aramco unit expands its U.S. oil dealings to boost trade volumes, four people familiar with the matter said.
Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade continue to weigh on market sentiment.
A forgery crisis is quietly roiling the world’s gold industry.
Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade have kept a lid on sentiment.
Hyundai Motor Co and its South Korean workers’ union have reached a tentative wage deal and averted strike action for the first time in eight years, sending the automaker’s shares up by more than 4%.
Asian shares eked out meager gains on Wednesday, as higher Wall Street futures provided some relief for investors after an overnight U.S. selloff, though deeper worries about the global economy are likely to keep a lid on sentiment.
The rollout of China’s controversial corporate “social credit system” is well under way and accelerating, a European business lobby in the country said on Wednesday, warning that foreign governments need to wake up to the plan’s potential risks.
Boeing Co’s chief executive said on Tuesday that the financial fallout from the grounding of its 737 MAX jetliner would not slow the world’s largest planemaker’s appetite for deals in the higher-margin aircraft services sector.
The U.S. Commerce Department has received more than 130 applications from companies for licenses to sell U.S. goods to China’s Huawei Technologies Co Ltd, three sources said, nearly two months after President Donald Trump said some sales would be allowed.
Boeing Co said on Tuesday that an aircraft order from China could result from any deal to end a yearlong trade war between the world’s two largest economies.
Hyundai Motor and its South Korean union reached a tentative wage deal without resorting to a strike for the first time in eight years, a union spokesman said on Wednesday.
OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
Marlboro maker Philip Morris International Inc said on Tuesday it was in talks to reunite in a merger with Altria Group Inc following its 2008 spin-off, as the tobacco giants seek to pool resources in the fast growing e-cigarette market.
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