Exclusive: China’s BAIC seeks to buy 5 percent Daimler stake – sources
China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters.
Insys says it may be forced to file for bankruptcy due to litigation cash crunch
Insys Therapeutics Inc said on Friday that a cash crunch resulting from legal costs related to a U.S. Justice Department probe into sales practices for the company’s powerful opioid medication and other litigation may lead the company to file for bankr…
China, U.S. to hold more trade talks as Trump ratchets up tariff threat
China and the United States have agreed to hold more trade talks in Beijing, Vice Premier Liu He said, as U.S. President Donald Trump ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China.
U.S. says Huawei lawyer’s prior work at Justice Department poses conflicts
Huawei Technologies Co Ltd lawyer James Cole’s prior work at the U.S. Department of Justice created conflicts of interest that should disqualify him from defending the Chinese company in a case of alleged bank fraud and sanctions violations, U.S. prose…
China state media says three main differences remain in U.S. trade talks
Three main differences remain in the China-U.S. trade talks, including the removal of all the additional tariffs, Chinese state media said on Saturday, following the end of the latest round of negotiations in Washington.
Trump ratchets up tariff threat after talks show no progress
U.S. President Donald Trump on Friday ordered his trade chief to begin the process of imposing tariffs on all remaining imports from China, underscoring a lack of progress by U.S. and Chinese negotiators in talks aimed at ending an escalating trade war…
Trump begins process to raise tariffs on remaining China imports: USTR
President Donald Trump on Friday ordered the U.S. trade representative to start the process of raising tariffs on all remaining imports from China, the USTR said in a statement.
Wells Fargo CEO search hobbled by pay limitations: sources
(This May 10th story corrects paragraph 7 to say Wells Fargo may need to match stock-based compensation a candidate has at a current employer, not that company may need to match vested shares.)
U.S. says Huawei lawyer’s prior work at Justice Department poses conflict
Huawei Technologies Co Ltd lawyer James Cole’s prior work at the Department of Justice created a conflict of interest that should disqualify him from defending the Chinese company in a case over alleged bank fraud and sanctions violations, U.S. prosecu…
Trade-sensitive stocks on ropes as uncertainty weighs
A week of worsening fears on Wall Street leading up to Washington’s increase on tariffs on Chinese goods has taken a toll on stocks that rely heavily on global trade.
