Business News

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Trump threatens to cut GM subsidies in retaliation for U.S. job cuts

Trump's harsh words rattled investors, who bid down GM shares by 2.6 percent on Tuesday after sending them up on Monday in response to the automaker's cost-cutting.

Nov 28, 2018

By Reuters

Cryptojackers target YouTube to mine digital coins

YouTube shifts to make new exclusive shows, movies free to users

YouTube's paid option will still remove ads from originals as well as all other videos, and it comes with music streaming privileges.

Nov 28, 2018

By Reuters

Alibaba's Jack Ma is a Communist Party member, reveals China state paper

Jack Ma, the head of e-commerce giant Alibaba Group Holding Ltd and China's best-known capitalist, is a Communist Party member, the official Party newspaper said.

Nov 28, 2018

By Reuters

Shares tick up on U.S. holiday sales hopes, but oil rout checks enthusiasm

U.S. stock futures tacked on 0.4 percent in Asian trade, on hopes of brisk spending by U.S. consumers on so-called Black Friday and Cyber Monday sales.

Nov 26, 2018

By Reuters

Noble Group extends deadline for $3.5 billion restructuring amid regulatory probe

Noble said it had agreed with its main creditors and banks to extend the restructuring deadline and aims to complete it by no later than Dec. 11.

Nov 26, 2018

By Reuters

Malaysia says former PM Najib's office ordered changes to 1MDB audit report

The audit report before the amendments has been submitted to the Malaysian Anti-Corruption Commission and the police for further investigation, Madinah said.

Nov 25, 2018

By Reuters

Former Nissan chairman Carlos Ghosn denies allegations against him - NHK

Japanese prosecutors say Ghosn and Kelly conspired to understate Ghosn's remuneration by about half the 10 billion yen.

Nov 25, 2018

By Reuters

Italy, EU to work to bring views on 2019 budget closer together - Commission

European Commission President Jean-Claude Juncker met on Saturday evening with Italy's Prime Minister Giuseppe Conte.

Nov 25, 2018

By Reuters

On Black Friday, more U.S. shoppers chose the computer over the mall

The decrease in store foot traffic is a little greater than it has been in years past, though still within expectations, RetailNext spokesperson Ray Hartjen said.

Nov 25, 2018

By Reuters

China says WTO faces 'profound crisis', urges reform

China and the United States have clashed about how the WTO should reform to better serve member interests.

Nov 24, 2018

By Reuters

Black Friday deals lure U.S. shoppers, biggest sales gains online

A healthy economy and rising wages gave people the confidence to splash out on retailers' annual raft of bargains.

Nov 24, 2018

By Reuters

Oil hits 2018 lows on emerging supply glut, OPEC expected to cut

The fall came even as markets expect the Organization of the Petroleum Exporting Countries (OPEC) to start withholding supply after a meeting planned for Dec. 6.

Nov 23, 2018

By Reuters

Anti-Brexit demonstrators wave EU and Union flags opposite the Houses of Parliament, in London

EU, Britain agree draft deal on future relations

EU officials said there was a solid consensus that remaining niggles should not hold up a final deal for Sunday, as the other 27 governments go through the new paperwork.

Nov 23, 2018

By Reuters

Flags of the U.S., Canada and Mexico fly next to each other in Detroit, Michigan, U.S. August 29, 2018. REUTERS/Rebecca Cook/File Photo

U.S. Republican senators urge vote on new NAFTA deal this year

The USMCA would also still be subject to the full committee process, and ample debate time, which would likely push consideration of the agreement well into 2019.

Nov 22, 2018

By Reuters

Singapore Q3 GDP growth well below f'cast, trade frictions dent outlook

Singapore's policymakers have repeatedly warned that a heated trade war between the US and China - one of the city state's major trade partners - could hurt the domestic economy.

Nov 22, 2018

By Reuters

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