China’s central bank said on Sunday it would cut the amount of cash that some banks must hold as reserves by 50 basis points (bps), releasing $108 billion in liquidity, to accelerate the pace of debt-for-equity swaps and spur lending to smaller firms.
Business Category Archive
An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street’s hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions.
Britain’s health minister Jeremy Hunt said on Sunday it was inappropriate for businesses like Airbus [AIR.PA] to issue warnings about moving jobs because of Brexit.
Some small investors who want to give a piece of their minds to big tech company directors are losing their only chance: many board members are skipping annual shareholder meetings. Companies that hold meetings online have some of the worst records for attendance.
Growing up in the Chinese port city of Dalian in the 1990s, Zhang Hongchang spent hours immersed in Japanese cartoons like Dragon Ball and Naruto.
OPEC meets Russia and other allies on Saturday to clinch a new deal raising oil output, a day after agreeing a production hike within the group itself but confusing the market as to how much more oil it will pump.
Canadian workers who assemble Bombardier Inc’s
The European Union will respond to any U.S. move to raise tariffs on cars made in the bloc, a senior European Commission official said, the latest comments in an escalating trade row.
Chinese smartphone maker Xiaomi Corp
South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.
ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the “next couple of days,” the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.
Energy and bank stocks led the S&P and Dow higher on Friday, though a decline in technology shares capped gains and pushed the Nasdaq slightly lower.
U.S. President Donald Trump threatened to impose a 20 percent tariff on all European Union-assembled cars coming into the United States, a month after the administration launched an investigation into whether auto imports pose a national security threat.
Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses.
Airbus issued its strongest warning yet over the impact of Britain’s departure from the European Union, saying that a withdrawal without a deal on future trade would force it to reconsider its long-term position in the UK.
Bitfinex Chief Strategy Officer Phil Potter is leaving the cryptocurrency trading platform, the exchange told Reuters on Friday.
Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising output.
OPEC agreed on Friday to raise oil production by around 1 million barrels per day from July for the group and its allies, an OPEC source said.
OPEC moved closer on Friday toward boosting oil output as its leader Saudi Arabia appeared to have persuaded arch-rival Iran to cooperate, after major consumers warned of a supply shortage.
Tesla Inc said it suffered a fire Thursday night at its Fremont facility.
Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan’s financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.
Harley-Davidson Inc expects to have to raise prices in Europe this autumn, when new motorcycle models are due to hit dealers’ showrooms, due to EU tariffs on U.S. goods, the head of its central European business said.
A group of British lawmakers on Thursday called for an investigation by law enforcement and regulatory agencies into the handling by Lloyds Banking Group of a fraud at its HBOS Reading unit more than a decade ago and into the role of auditor KPMG.
Shares in Russian business conglomerate Sistema
Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three internal company documents and seven current and former Tesla solar employees.
The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration’s proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.
The wind and solar industries hope demand for carbon-free power from U.S. cities, states and corporations can offset headwinds from President Donald Trump’s tax policy and tariffs, developers said this week.
The United States ramped up its challenge to the global trading system on Friday, telling the World Trade Organization that appeals rulings in trade disputes could be vetoed if they took longer than the allowed 90 days.
The U.S. Supreme Court ruled on Friday that companies can recover profits lost because of the unauthorized use of their patented technology abroad in a victory for Schlumberger NV, the world’s largest oilfield services provider.
Renault SA absorbing Nissan Motor Co. and Mitsubishi Motors Corp is not an option as the carmakers look to strengthen their partnership while retaining their autonomy, alliance chairman Carlos Ghosn said on Friday.
Whether Thursday’s U.S. Supreme Court ruling on online sales tax is a win for Nevada isn’t as simple as clicking “checkout.”
Former WPP boss Martin Sorrell denied on Friday that he had visited a prostitute and paid using company money when asked on a stage in front of hundreds of people about why he had left the ad giant.
U.S. protectionism is self-defeating and a “symptom of paranoid delusions” that must not distract China from its path to modernization, Chinese media said on Friday as Beijing kept up with its war of words with Washington while markets wilted.
Brazil’s antitrust watchdog Cade on Friday approved buyout firm Advent International’s acquisition of Walmart Inc’s
U.S. satellite operator Echostar has built a near 3 percent stake in Inmarsat , the British company that it is seeking to buy, stock exchange filings showed on Friday.
California-based bicycle sharing service Lime said it will launch a fleet of dock-free electric scooters in Paris starting June 22.
French supermarket chain Casino and cosmetics group L’Oreal are launching new beauty stores in Paris this weekend, the latest effort by brick and mortar retailers to retain customers in the face of online competition.
China’s southern province of Hainan will offer foreigners unrestricted internet access to Facebook, Twitter and YouTube as part of new incentives to boost tourism.
Japan’s financial regulator said on Friday it has ordered cryptocurrency exchanges including bitFlyer, Inc., one of the country’s biggest, to make improvements to lax measures on money laundering.
China’s commerce ministry on Thursday accused the United States of being “capricious” over bilateral trade issues, and warned that the interests of U.S. workers and farmers ultimately will be hurt by Washington’s penchant for brandishing “big sticks”.
Foxconn, the world’s largest electronics contract manufacturer and a major supplier for Apple Inc , said on Friday the biggest challenge the company is facing is the trade war between Washington and Beijing.
Debt-laden commodities trader Noble Group
General Motors Co will make the new Chevrolet Blazer in Mexico, a company spokesman said on Thursday, at a time when U.S. President Donald Trump is pressing automakers to build more vehicles in the United States.
Fresno Yosemite International Airport receives two notch upgrade from Standard & Poor’s Global Ratings
Standard & Poor’s Global Ratings (S & P Global Ratings) has upgraded Fresno Yosemite International Airport’s (Airport) underlying rating on outstanding revenue bonds two notches, from “BBB+” to “A”, with a Stable Outlook.
California’s median home price reached a new high in May, while home sales retreated both on a monthly and annual basis, wiping out most of the gains posted for the year, the CALIFORNIA ASSOCIATION OF REALTORS® (C.A.R.) said this month.
YouTube said on Thursday that video uploaders with more than 100,000 followers could start paid fan clubs on the service, one of several new features aimed at helping itself and its users diversify revenue after a turbulent year.
The City of Madera is seeking community input for draft proposals of three new development incentive programs designed to bolster interest from developers and investors seeking new opportunities in the City of Madera.