Monday, September 21, 2015

Global Business


Oil workers at state-run Petroleo Brasileiro SA have begun a 24-hour strike in eight Brazilian states as part

Target's tech trouble clogs stores with long checkout lines

A glitch stalled checkout

Mexico blamed Walmart's size, access to rivals' data in blocking app deal

Mexican officials blocked Walmart Inc's deal to buy delivery app Cornershop because Walmart could not guarantee a level

South Korea stops Iranian oil imports in May

South Korea halted all imports of Iranian oil in May, customs data showed on Saturday, as waivers on

Court grants American Airlines' request

A US federal court on Friday granted American Airlines Group Inc's request to halt an alleged illegal slowdown

All eyes on Fed as stock market pines for rate cut

The Federal Open Market Committee meeting next week is shaping up as a pivotal one for Wall Street, with

Nissan considers giving Renault some seats on oversight committees

Nissan Motor Co is considering giving its alliance partner Renault SA some seats on planned oversight committees after

VW's Tennessee workers vote against union representation

Workers at Volkswagen AG's assembly plant in the state of Tennessee narrowly voted against union representation, dealing a

US to launch public hearings on additional China tariffs

The US Trade Representative's Office on Monday will kick off seven days of testimony from US retailers, manufacturers

Papa John's dismisses KPMG as its auditor

Papa John's Interna-tional Inc said on Friday it dismissed KPMG LLP as its financial auditor and appointed Ernst

Rising oil prices add to global economic strife

Escalating tension in the Middle East is driving up oil prices, a huge import cost for many economies,

Take Five: The Fed and the rest

With President Donald Trump's trade policies heightening fears of a US recession, expectations of a Fed rate cut

Solid US retail sales offer economy some respite

US retail sales increased in May and sales for the prior month were revised higher, suggesting a pick-up

Huawei delays global launch of foldable phone by three months

Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest

'Airline capacity problems will be solved'

India's new civil aviation minister said on Friday he is confident that airline capacity shortage problems following the

Broadcom's $2b warning shocks global chip sector

Broadcom Inc (AVGO.O) sent a shockwave through the global chipmaking industry on Friday with its forecast that U.S.-China

China launches inquiry into FedEx parcel delivery errors

Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China's official

Automakers tap VR to banish boredom in autonomous cars

Audi, Nissan and other car makers are banking on talking cartoon characters and other virtual reality experiences to

Carrefour sees more retail sector consolidation

The boss of Carrefour said on Friday the retail sector was bound to consolidate in the coming years,

Asian shares rise as Trump plans to meet Chinese leader

Asian shares rose Tuesday as investor jitters over trade

'Italy won't seek fight with EU over budget'

 The Italian government is not seeking a showdown with the European Commission over its deteriorating public finances and

China Baowu Steel to take majority stake in rival Magang

China Baowu Steel Group, the world's second-largest steel producer, will acquire a majority stake in rival Magang Group

Mexican president hints at migration concessions to defuse US trade spat

Mexico's president on Saturday hinted his country could tighten migration controls to defuse US President Donald Trump's threat

Saudi Arabia's central bank warns global slowdown may hit growth

Saudi Arabia's economy is expected to pick up in 2019 but a global economic slowdown and its potential

US regulators divide scrutiny of Amazon and Google

US antitrust regulators have divided oversight of Inc and Alphabet Inc's Google, putting Amazon under the watch

Chinese banking liquidity ample after Baoshang Bank takeover'

China's central bank said on Sunday that liquidity in the banking system is reasonably ample, and that it

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