China says hopes to reach phased trade pact with U.S. as early as possible
The Chinese commerce ministry said on Thursday that China hoped to reach a phased agreement with the United States over trade as early as possible, and make progress on cancelling tariffs on each others’ goods.
Tesla gets approval to start manufacturing in China
Tesla Inc was added to a government list of approved automotive manufacturers, China’s industry ministry said on Thursday, as it granted the electric-vehicle maker a certificate it needs to start production in the country.
WH Smith to buy Marshall Retail for $400 million in U.S. push
British retailer WH Smith Plc said on Thursday it will buy Marshall Retail Group for about $400 million, betting that the American peer’s network of stores at U.S. airports will help boost profits soured by turmoil on the British high street.
In wake of Delta deal, Qatar Airways says could consider raising LATAM stake
Qatar Airways CEO Akbar al-Baker said his airline would consider lifting its 10% stake in LATAM Airlines Group SA if the opportunity came up – comments which come after Delta Air Lines Inc agreed last month to buy 20% of the Chilean carrier.
Pernod Ricard mulls price hikes in U.S. post tariffs
The boss of Pernod Ricard said on Thursday that trade tariffs that will apply to single malt Scotch and Spanish wine from Oct. 18 will have a “significant” impact on Pernod Ricard in the United States.
Ericsson earnings top forecast as 5G takes off
Telecoms equipment maker Ericsson beat quarterly earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off more quickly than expected.
Britain’s Domino’s Pizza to exit four international markets
Domino’s Pizza Group Plc , Britain’s biggest pizza delivery company, said on Thursday it will exit its international markets, where it has been facing mounting losses.
Unizo top shareholder warns board to consider Blackstone offer
Unizo Holdings’ top shareholder urged the hotelier on Thursday to consider “in good faith” Blackstone Group’s proposed $1.6 billion tender offer, warning it would consider measures if the board fails to act in accordance with its duty.
Unilever misses estimates as sales slow in China and India
Consumer goods giant Unilever reported weaker than expected third-quarter sales, citing softer demand in India and a slowdown in China, two of its biggest emerging markets.
Sterling falters as Brexit deal hope fades, shares pause after five-day rally
Sterling faltered on fading hopes of a Brexit deal on Thursday, while a five-session rally in Asian stocks ran out of steam as weak U.S. retail sales fanned fears about the health of the world’s biggest economy.
