BlackRock pulls out of rescue bid for Italian bank Carige
U.S. asset manager BlackRock has pulled out of a proposed rescue of Italian bank Carige, raising the prospect that Rome could be drawn into a costly state bailout.
SoftBank Group unveils stock split, rakes in higher profit on tech bets
Japanese conglomerate SoftBank Group Corp announced a stock split while keeping the per-share dividend unchanged for the year, effectively doubling its shareholder payout, as it also reported a better-than-expected annual profit.
Chinese tech firms’ search for growth seen boosting costs in March quarter
Three of China’s biggest tech companies are expected to report that they ramped up or broadly maintained their pace of quarterly spending to develop new technology and push into relatively new markets, as current growth drivers stall.
Asian stocks tank on nearing tariff threat, drag down Europe
Asian shares fell to eight-week lows on Thursday as investors waited to see whether Chinese and U.S. trade negotiators can salvage a deal to stave off the threat of fresh U.S. tariff increases, which would damage global economic growth.
Toyota, Panasonic to set up company for ‘connected’ homes
Japan’s Toyota Motor Corp and Panasonic Corp said they plan to establish a joint company to develop “connected” services to be used in homes and urban development.
Asia shares sink to six-week low as clock ticks toward U.S. tariff hike on Chinese goods
Asian shares fell to six-week lows on Thursday as tensions rose ahead of last ditch U.S.-China trade talks which could sharply alter the direction of the global economy.
Takeda sells dry eye drug to Novartis to help cut debt
Takeda Pharmaceutical Co Ltd agreed to sell its dry eye drug to Swiss drugmaker Novartis AG for $3.4 billion and potential milestone payments of up to $1.9 billion, in the first divestment since its takeover of Britain’s Shire.
Trump says Beijing ‘broke’ trade talk deals, pledges to keep tariffs on Chinese goods
U.S. President Donald Trump said on Wednesday that China “broke the deal” it had reached in trade talks with the United States, and vowed not to back down on imposing new tariffs on Chinese imports unless Beijing “stops cheating our workers.”
Asian shares hit fresh six-week lows ahead of crucial U.S.-China trade talks
Asian shares hit six-week lows in early trade on Thursday as increased tensions ahead of key Sino-U.S. trade negotiations fanned fresh concerns about the outlook for the global economy.
Trump says China ‘broke the deal’ in trade talks, will pay through tariffs
President Donald Trump said on Wednesday that China “broke the deal” in trade talks with Washington and would face stiff tariffs if no agreement is reached.
