Business & Finance News
BEIJING (Reuters) – Top officials from China and the United States reached a consensus on some aspects of the countries’ trade row, but disagreements over other issues remain “relatively big”, according to China’s Xinhua news agency on Friday.
BEIJING (Reuters) – China raised with a visiting U.S. trade delegation the issue of a ban by the United States on its companies selling components and software to ZTE Corp for seven years, the Ministry of Commerce said on Friday.
LONDON (Reuters) – World stocks were set for their biggest weekly loss since the middle of March on Friday, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the United States.
MUMBAI (Reuters) – Indian e-commerce firm Flipkart’s board has approved a deal to sell an equity stake of about 75 percent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources.
BEIJING (Reuters) – A U.S. trade delegation wants China to cut a bilateral trade imbalance immediately and to stop subsidizing advanced technology, a Wall Street Journal reporter wrote on Twitter on Friday, citing a document issued to the Chinese before talks.
SHENZHEN/SHANGHAI, China (Reuters) – At its high-tech laboratories in the Chinese manufacturing hub of Shenzhen, Beike Biotechnology is developing medical robots that could help treat cancer. It has big plans to export these to markets like the United States.
ROZZANO, Italy (Reuters) – Telecom Italia’s (TIM) top two investors will face off for the first time on Friday as they put their battle over board seats at the Italian phone group to a shareholder vote.
PARIS (Reuters) – BNP Paribas , France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, as a weaker dollar and sluggish fixed income trading impacted investment banking revenues.
PARIS (Reuters) – BNP Paribas , France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, weighed down by weakness in fixed income trading revenues in Europe.
SINGAPORE (Reuters) – Asian shares stepped back on Friday while the dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts.
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC posted on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up to $2 billion.
(Reuters) – Xerox Corp said on Thursday its current board and management team, which included Chief Executive Jeff Jacobson, will stay, after a settlement agreement it had reached with dissenting shareholders to oust them expired.
WASHINGTON (Reuters) – U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent.
(Reuters) – Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first quarter, CEO Warren Buffett told CNBC on Thursday.
BEIJING (Reuters) – A U.S. trade delegation in China has been having very good conversations, U.S. Treasury Secretary Steven Mnuchin said on Friday, as he heads into the second and likely last day of talks in Beijing.
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