Business group issues wake-up call on China’s corporate ‘social credit’ plan
The rollout of China’s controversial corporate “social credit system” is well under way and accelerating, a European business lobby in the country said on Wednesday, warning that foreign governments need to wake up to the plan’s potential risks.
Exclusive: Financial hit from 737 MAX will not slow appetite for services deals – Boeing CEO
Boeing Co’s chief executive said on Tuesday that the financial fallout from the grounding of its 737 MAX jetliner would not slow the world’s largest planemaker’s appetite for deals in the higher-margin aircraft services sector.
Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources
OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $10 billion to $12 billion, two people familiar with the matter said on Tuesday.
After blacklisting, U.S. receives 130-plus license requests to sell to Huawei: sources
The U.S. Commerce Department has received more than 130 applications from companies for licenses to sell U.S. goods to China’s Huawei Technologies Co Ltd, three sources said, nearly two months after President Donald Trump said some sales would be allow…
Exclusive: Boeing CEO eyes major aircraft order under any U.S.-China trade deal
Boeing Co said on Tuesday that an aircraft order from China could result from any deal to end a yearlong trade war between the world’s two largest economies.
Philip Morris and Altria in merger talks as Marlboro fades and e-cigs light up
Marlboro maker Philip Morris International Inc said on Tuesday it was in talks to reunite in a merger with Altria Group Inc following its 2008 spin-off, as the tobacco giants seek to pool resources in the fast growing e-cigarette market.
Ex-Google engineer indicted for stealing self-driving car secrets, pleads not guilty
Anthony Levandowski, a pioneer in self-driving car technology, was criminally charged on Tuesday with stealing trade secrets from his former employer Google before joining rival Uber Technologies Inc .
Hyundai Motor, South Korean union reach tentative wage deal without strike
Hyundai Motor Co and its South Korean union reached a tentative wage deal and averted strike action for the first time in eight years, a union spokesman said on Wednesday.
U.S. 10-year TIPS yields fall deeper into negative territory
The yields on U.S. 10-year Treasury Inflation Protected Securities slipped deeper into negative territory on Tuesday as a result of intense demand for bonds due to trade and economic anxiety.
Navigating the trade war: How to invest during turmoil
The start-and-stop progress of negotiations between the United States and China aimed at ending the trade war between the world’s two largest economies is souring Wall Street playbooks and increasing market volatility as investors seek to profit during…
