Uber says IRS looking at its 2013-14 tax returns
The U.S. Internal Revenue Service is currently looking at Uber Technologies Inc’s taxes for 2013 and 2014, and the ride-hailing company said it expects unrecognized tax benefits to be reduced within the next year by at least $141 million.
U.S. firms fret as China’s FedEx probe, planned hit-list heightens trade frictions
The sudden deterioration in trade talks between the United States and China last month has ratcheted up concerns among U.S. firms that the dispute could go beyond tariffs and affect business in the long-term.
Exclusive: SEC probes Siemens, GE, Philips in alleged China medical equipment scheme
The U.S. Securities and Exchange Commission is investigating Siemens AG, Philips NV and General Electric Co for allegedly using local middlemen to negotiate bribes with Chinese government and hospital officials to sell medical equipment, two U.S. sourc…
Tech problems keep stocks soft; bonds stay strong
Stock markets remained under pressure on Tuesday as worries about a clampdown on the world’s internet and social media giants compounded mounting global trade and recession jitters.
China warns its companies on U.S. travel, rebuffs trade criticism
China warned its companies operating in the United States on Tuesday they could face harassment from U.S. law enforcement agencies, as it also rebuffed U.S. criticism of a trade white paper as “singing the same old tune”.
Five years after MH17 downing, airline conflict alert system remains patchy
When Pakistan closed its airspace during conflict with India in February, Malaysia Airlines was not one of the carriers left scrambling to re-route flights because it had already done so two weeks earlier, the carrier’s chief executive said.
Activist hedge fund CIAM will ‘strongly oppose’ FCA-Renault deal
Activist hedge fund CIAM has written to the board of French automaker Renault to say it “strongly opposed” a planned $35 billion merger with Fiat Chrysler.
Exclusive: Pile drive – China expected to divert outstanding U.S. soybean cargoes into reserves
China will stockpile up to 7 million tonnes of soybeans bought from the United States during an earlier truce in the trade war between the nations, two traders familiar with the matter said, rather than crush them for immediate sale as a feed ingredien…
Pernod Ricard confident over Asia growth-slides
Drinks group Pernod Ricard, which is being targeted by activist investor Elliot, on Tuesday struck a confident note over its growth prospects in Asia.
Lufthansa summer bookings looking good: CEO in NZZ
Bookings for the summer months are looking good, the chief executive of Lufthansa told a newspaper, adding that the airline’s performance would improve in coming quarters after a weak start to the year.
