Category Archives: Business News

WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp (000063.SZ) or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. FILE PHOTO: The Huawei logo is pictured outside their […]

The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White (Reuters) – Snapchat app-owner Snap Inc said on Tuesday Chief Financial Officer Tim Stone will be leaving the company, less than a year after assuming charge in the latest top-level exit. Stone, who is leaving to pursue other opportunities, will […]

DETROIT (Reuters) – Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. Ford Motor Company President and CEO Bill Hackett (L) and Executive Chairman Bill Ford attend their company’s presentation at the North American […]

(Reuters) – The wife of ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn has urged Human Rights Watch to bring attention to the “harsh treatment” he has received while being detained in a Japanese jail, according to a letter seen by Reuters on Sunday. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the […]

(Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. The company said it will “part ways” with some of its manpower, citing “extraordinarily difficult challenges ahead.” “To continue delivering for our customers and to succeed in developing interplanetary […]

NEW YORK (Reuters) – Wall Street ended little changed on Friday, taking a breather following a five-day winning streak, while the dollar rebounded against most currencies from earlier losses tied to expectations the U.S. central bank is in no hurry to raise interest rates. Earlier weakness in stocks and data showing a decline in U.S. […]

(Reuters) – Wall Street extended its rally into a fifth straight day on Thursday in a session of whipsaw trading as investors responded to mixed comments by Federal Reserve Chairman Jerome Powell, while a warning from Macy’s pummeled retail stocks. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, […]

BEIJING/WASHINGTON (Reuters) – The United States and China will continue trade talks in Beijing for an unscheduled third day, U.S. officials said on Tuesday amid signs of progress on issues including purchases of U.S. farm and energy commodities and increased access to China’s markets. People familiar with the talks said the world’s two largest economies […]

FILE PHOTO – SoftBank Corp. placard is prepared during a ceremony to mark the company’s debut on the Tokyo Stock Exchange in Tokyo, Japan December 19, 2018. REUTERS/Issei Kato (Reuters) – SoftBank Group Corp will inject another $2 billion in WeWork Cos Inc this year, bringing the Japanese conglomerate’s total investment in the office space […]