Business News

US-China trade talks resume next week, focus on intellectual property

A White House official said on Friday that preparations were under way and the talks would continue to focus on pressing Beijing to make structural reforms.

Feb 9, 2019

By Reuters

Jeff Bezos is now the richest person in the world

Amazon's Bezos says National Enquirer owner tried to blackmail him

Bezos opened an investigation into the leak led by Gavin de Becker, a longtime security consultant and former appointee of U.S. President Ronald Reagan.

Feb 8, 2019

By Reuters

Japan's modest household spending, wages growth point to fragile outlook

Many analysts see a gloomy outlook as slowing global demand, trade protectionism and volatile markets give companies plenty of excuses to put off further wage hikes.

Feb 8, 2019

By Reuters

Apple to contribute to U.S. teen's education for spotting FaceTime bug

The technology giant said it would compensate the Thompson family and make an additional gift toward 14-year-old Grant's education.

Feb 8, 2019

By Reuters

Education

No talks between Trump and China's Xi before trade deadline

In 2018 during a dinner between Trump and Xi in Argentina, the two men agreed to take a 90-day hiatus in their trade war to give their teams time to negotiate an agreement.

Feb 8, 2019

By Reuters

SoftBank shares soar 13 percent after $5.5 billion share buyback news

It also announced a 60 percent jump in third-quarter operating profit, lifted by rising valuations of its growing technology investments.

Feb 7, 2019

By Reuters

US lawmakers target China's ZTE with sanctions bill

Many members of Congress view ZTE and Huawei as national security threats, worrying that the use of their technologies in the United States could make it easier for China to steal secrets.

Feb 6, 2019

By Reuters

Oil ticks higher, market eyes U.S. State of the Union address

International Brent crude oil futures were at $62.05 per barrel, up 7 cents, after closing down 0.8 percent in the previous session.

Feb 6, 2019

By Reuters

Apple agrees to pay back-taxes to French authorities

Apple's French division confirmed the tax payment agreement, but did not disclose how much it had agreed to pay.

Feb 5, 2019

By Reuters

Goldman feels the heat in Asia as IPO engine slows

Goldman Sachs invests in HSBC-backed fintech app Bud

Recognising the threat posed by nimbler fintechs, big banks are investing in such companies in an effort to pair their respective strengths.

Feb 4, 2019

By Reuters

Asia stocks quiet, dollar firm after upbeat U.S. job data

MSCI's broadest index of Asia-Pacific shares outside Japan was almost flat. It had scaled a four-month peak on Friday along with a surge in its global peers.

Feb 4, 2019

By Reuters

China's services sector moderates in January but still solid: Caixin PMI

The Caixin/Markit services purchasing managers' index (PMI) fell slightly to 53.6 in January from 53.9 in December, but well above the 50.0 mark separating growth from contraction.

Feb 3, 2019

By Reuters

General Motors says in talks to invest $2.73 billion in Brazil till 2024

The automaker also said it is completing an investment plan of 13 billion reais between 2014 and 2019.

Feb 3, 2019

By Reuters

China buys U.S. soybeans a day after trade talks - traders

The purchases are slated for shipment between April and July, with a large share expected from U.S. Gulf Coast export terminals, three traders with knowledge of the deals said.

Feb 2, 2019

By Reuters

Goldman Sachs says 1MDB scandal could hit pay for top executives

The Wall Street bank also said it paid Solomon $23 million in total compensation in 2018, a 9.5 percent jump from his 2017 compensation.

Feb 2, 2019

By Reuters

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