IMF has a decision to make in Argentina: rock or hard place?
The International Monetary Fund has a tough choice to make in Argentina: Unlock over $5 billion in funds under the country’s loan deal as the government strains to stave off default, or hold the money back and risk sparking more market panic.
U.S. appeals court says Trump cannot dodge foreign corruption lawsuit
A U.S. federal appeals court on Friday revived a lawsuit alleging President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, moving a watchdog group closer to obtain…
VW CEO shifts strategy from empire building to efficiency
Volkswagen has abandoned its decades-old obsession with empire building and no-expense-spared engineering to free up resources for the development and mass production of electric cars, its CEO Herbert Diess told Reuters.
Hong Kong exchange vows to press on with $39 billion LSE bid after rebuff
Hong Kong’s exchange refused to give up on its bid to take over the London Stock Exchange after the British bourse emphatically rejected its $39 billion takeover offer on Friday.
UPS to pay $8.4 million to resolve U.S. overcharging probe
United Parcel Service Inc has agreed to pay the United States $8.4 million to resolve allegations it overcharged federal agencies for package delivery services, the U.S. Justice Department said on Friday.
Indian’s top trader body seeks ban on Amazon, Flipkart’s festive season sale
A leading Indian trader body asked the government on Friday to ban upcoming festive sales on Amazon’s local unit and its rival Flipkart, saying their deep discounts violate the country’s foreign investment rules for online retail.
U.S. appeals court rules against Trump in foreign payments case
A U.S. federal appeals court on Friday revived a lawsuit alleging President Donald Trump violated the U.S. Constitution by profiting from foreign and domestic officials who patronized his hotels and restaurants, adding to the corruption claims against …
Tech companies won’t wait for U.S. to act on social media laws, Microsoft’s president says
Microsoft Corp President and Chief Legal Officer Brad Smith said on Friday that technology companies are likely to change how they moderate online platforms in response to new laws from foreign governments, regardless of whether U.S. lawmakers act to c…
Stocks up for eighth day, bond yields climb on trade signs
A gauge of global stocks rose for an eighth straight day to a six-week high and benchmark government bond yields advanced on Friday as signs of progress in trade talks between the United and China, as well as a solid report on U.S. retail sales, allaye…
Apple, Broadcom hold back Wall Street gains
Losses for U.S. technology majors Apple and Broadcom overturned early gains on Wall Street on Friday, as traders balanced the latest indicators on an uncertain global growth outlook with perceived progress in reducing Sino-U.S. trade tensions.
