France aware of Huawei risks, will act when times comes – minister
France is aware of the risks of China’s Huawei Technologies access to next-generation mobile networks and will take measures when the time comes, its foreign minister said on Wednesday.
Stocks turn lower on U.S. shutdown, growth, trade worries
A global index of stock markets turned negative on Wednesday as worries over U.S. politics, global economic growth and trade tensions offset a boost from quarterly earnings reports. The U.S. dollar and oil prices also declined.
Exclusive: Petrobras rejects latest EIG-backed bid for oilfields – sources
Petroleo Brasileiro SA has rejected the most recent bid by an EIG Global Energy Partners-backed firm to purchase a pair of shallow-water oil clusters, two sources with direct knowledge of the matter said, potentially derailing a major divestment late …
Elliott’s target Pernod names Lead Independent Director
Pernod Ricard , the family-backed French spirits group under pressure from activist investor Elliott, said on Wednesday it named business veteran Patricia Barbizet to the newly created role of Lead Independent director to further improve its governance…
General Electric to cut close to 470 jobs in France: unions
General Electric , which bought Alstom’s energy business in 2015, aims to slash close to 470 jobs across the division in France in the face of falling orders worldwide, unions said on Wednesday.
S&P, Nasdaq dip as healthcare, financials weigh; IBM keeps Dow higher
The S&P 500 and the Nasdaq reversed course to dip slightly on Wednesday due to losses in healthcare and financial sectors, while the Dow stayed afloat on positive earnings reports from IBM, United Technologies and Procter & Gamble.
Procter & Gamble bets on demand for high-end fabric, skin-care products
Procter & Gamble Co raised its sales forecast for the year on Wednesday after quarterly results topped Wall Street expectations, boosted by price hikes and strong demand for premium fabric and skin care products.
Lawyers suing Fiat Chrysler in diesel case seek over $100 million
Lawyers for Fiat Chrysler diesel owners have asked a U.S. judge to approve up to $106.5 million in legal fees and out-of-pocket costs for a settlement over excess vehicle emissions.
CEOs sour on Trump policies, warn they hurt business, investment
From centre-stage in Davos last year, President Donald Trump told the world’s corporate bosses that America is a great place to invest. It hasn’t quite turned out that way.
Huawei executive has strong case against extradition: Canadian envoy
A top executive from Huawei Technologies Co Ltd [HWT.UL] being held in Canada can make “strong arguments” against extradition to the United States, in part due to President Donald Trump’s politicization of the case, Canada’s ambassador to China said.
