China’s industrial profits fall 5.3% in Sept as trade war toll mounts
Profits at China’s industrial firms contracted for the second straight month in September as producer prices continued their slide, highlighting the toll a slowing economy and protracted U.S. trade war are having taken on corporate balance sheets.
Microsoft: ‘appreciate’ winning JEDI contract – statement
Microsoft Corp. said in a statement on Saturday that the company appreciates being chosen by the U.S. Defense department (DoD) for the Pentagon’s $10 billion Joint Enterprise Defense Infrastructure Cloud (JEDI) contract.
French luxury group LVMH offers to buy U.S. jeweler Tiffany: sources
Louis Vuitton owner LVMH has approached Tiffany & Co with a $14.5 billion acquisition offer, people familiar with the matter said, at a time when the U.S. luxury jeweler grapples with the impact of tariffs on its exports to China.
JS Global pulls Hong Kong listing amid trade gloom: sources
Household appliances maker JS Global Lifestyle Company Ltd pulled its initial public offering of up to HK$3.62 billion ($464 million) on Saturday, the third float delayed in Hong Kong so far this year, two sources told Reuters.
Lagarde will take ECB out of ivory tower: De Guindos in El Pais
Christine Lagarde will ensure European Central Bank policymakers climb down from their “ivory tower” and face the political realities of the euro zone, the ECB’s vice president, Luis de Guindos, said in an interview published on Saturday.
U.S., China say they are ‘close to finalizing’ part of a Phase One trade deal
U.S. and Chinese officials are “close to finalizing” some parts of a trade agreement after high-level telephone discussions on Friday, the U.S. Trade Representative’s office and China’s Commerce Ministry said, with talks to continue.
Tech consultations on parts of U.S. trade deal completed: China’s Commerce Ministry
Chinese Vice Premier Liu He had a phone call with U.S. trade officials as both countries confirmed technical consultations on some parts of a trade agreement were basically completed, China’s Ministry of Commerce said in a statement on Saturday.
Microsoft beats Amazon for Pentagon’s $10 billion cloud computing contract
Microsoft Corp. has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon.com Inc .
General Motors to restart Mexican plants after labor deal ratified
General Motors Co will gradually restart operations at several idled plants in Mexico beginning this weekend, after unionized workers for the U.S. automaker ratified a new labor contract, the company’s Mexican unit said on Friday.
General Motors to restart Mexican plants following new labor contract
General Motors Co will gradually restart operations at two of its plants in Mexico this coming weekend, after workers for the U.S. automaker ratified a new labor contract, the company’s Mexican unit said in a statement on Friday.
