Monday, September 21, 2015

Global Business


British Steel is set to be placed into an insolvency process, putting 5,000 jobs in the UK at

Japan Taxi becomes an expensive Olympic symbol

Toyota Motor's Japan Taxi, born in a government committee and designed to be an all-things-to-all-people cab, has become

Shoe giants urge Trump to end trade war

Some of the world's biggest footwear firms are urging Donald Trump to end the US trade war with

Oil prices drop on swelling US stockpiles

Oil prices fell on Wednesday after industry data showed an increase in US crude inventories and on demand

Huawei faces break with chip giant ARM

UK-based chip designer ARM has told staff it must suspend business with Huawei, according to internal documents obtained

Wynn Resorts ceases talks to sell $2.6b casino

Wynn Resorts Ltd said on Tuesday the company has decided to stop talks with MGM Resorts International to sell

Japan's trade surplus falls sharply as exports drop

Japan's trade surplus dropped by around 90 percent in April, official data showed Wednesday, with exports affected by a slowdown

3 China airlines seek Boeing compensation

China's three biggest airlines have asked US planemaker Boeing Co to compensate them for losses caused by the grounding

China rare earth firms' stocks soar on trade war speculation

Shares in rare earth-related companies in China soared on Tuesday, a day after Chinese President Xi Jinping visited

Oil up on escalating US-Iran tensions

Oil prices rose on Tuesday on escalating US-Iran tensions and amid expectations that producer club OPEC will continue to

Global stocks gain as US eases Huawei restrictions

Stocks markets gained on Tuesday, with chipmakers and stocks exposed to Asia among the best performers, after Washington

Australia central bank looks set to cut rates in June

Australia's central bank will consider cutting interest rates next month, Governor Philip Lowe said on Tuesday as the

Hong Kong to raise up $1b in green bonds

Hong Kong is looking to raise between $500 million and $1 billion in five-year green bonds as the

Hundreds of foreign companies attend North Korea trade fair

 An international trade fair in North Korea this week may be the largest such event on record, analysts

Samsung shares rise as Huawei struggles

Shares in Samsung Electronics climb nearly three percent Tuesday on the back of its chief rival Huawei's mounting

Huawei believes Europe will keep faith in company

China's Huawei believes Europe will not follow the United States in blacklisting the company because it has been

Tata Motors profits fall 47 percent

Indian carmaker Tata Motors on Monday reported a 47 percent fall in quarterly profits after being hit by

EU firms 'caught in crossfire' of US-China trade war

European firms are "caught in the crossfire" of the US-China trade war and fewer are optimistic about their

Google and Android system start to cut ties with Huawei

US internet giant Google, whose Android mobile operating system powers most of the world's smartphones, said it was beginning

Japan's economy shows better-than-expected growth

Japanese GDP expanded a better-than-expected 0.5 percent in the first quarter of this year, official data showed Monday,

Deutsche Bank shares hit record low ahead of AGM

Shares in Deutsche Bank set a new low on Monday, just days before investors gather for their annual

Trump says tariffs making companies leave China

US President Donald Trump said his tariffs on Chinese goods are causing companies to move production out of

Trade uncertainty darkens US small caps outlook

Shares of smaller publicly listed US companies have fallen more on recent US -China trade tensions than larger

Indian stocks see biggest gain since Sept 2013

Indian stocks saw their biggest single-day gain since September 2013 on Monday while the rupee and bonds rallied

Western buyers freeze Russian payments over dirty oil outage

Total and ENI have stopped payments to the Russian firms who sold them contaminated oil and said they

Air NZ picks Boeing for wide-body jet order

Air New Zealand Ltd has decided to buy wide-body planes from Boeing Co, people with direct knowledge of

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