China will increase imports from U.S. according to ‘market principles’: official
China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.
German cabin crew union plans further strikes at Lufthansa
German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany’s largest airline and two potential mediators did not yield any results.
“You’re stealing our water”: Germans protest against Tesla gigafactory
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area.
Nokia October warning investigated by local FSA: newspaper report
Finland’s Financial Supervisory Authority (FSA) has started an investigation into Nokia’s sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.
Lawyers for Huawei CFO call Canada prosecutor’s arguments ‘circular’
Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in court documents releas…
Morgan Stanley CEO Gorman’s total 2019 pay falls 7% to $27 million
Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide.
With market at record highs, eyes on reports from chipmakers
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.
Wall Street hits new highs in strongest week since August
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
Best Buy starts investigation into CEO’s personal conduct
U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.
Wall Street strikes new high as housing data fuels optimism
Wall Street edged up to record highs on Friday after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
