China’s Tencent Music raises nearly $1.1 billion in U.S. IPO
China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its U.S. initial public offering (IPO) after pricing its shares at the bottom of its targeted range.
S&P 500, Dow edge lower as U.S. shutdown threat, China trade in focus
The S&P 500 and the Dow closed marginally lower after volatile trading on Tuesday as investors swiveled their focus between China-U.S. trade talks, President Donald Trump’s threat to shut down the U.S. government and political uncertainty in Britain.
China, U.S. discuss road map for next stage of trade talks
China has agreed to cut tariffs on U.S.-built cars and auto parts to 15 percent from the current 40 percent, a Trump administration official said on Tuesday, setting the stage for a new talks aimed at easing the bitter trade war between the world’s two…
Two lawmakers want GM to commit to producing all U.S. EVs domestically
Two U.S. senators from Ohio on Tuesday asked General Motors chief executive Mary Barra to commit to building all future electric vehicles for U.S. buyers at home and to provide more details of plans to cut back on car production in North America.
Siemens to shut Texas turbines service facility, dismiss workers
German engineering firm Siemens plans to dismiss about 200 workers at a gas turbines parts and components service center in Houston, Texas, next year due to weaker global demand, a company spokesman said on Tuesday.
Venezuela’s deals to shield Citgo from creditors now in doubt
Venezuela is facing the possible unraveling of a pair of billion-dollar settlements aimed at protecting the cash-strapped country’s U.S.-based Citgo Petroleum Corp from seizure by creditors.
France claims ignorance as Nissan’s Ghosn dossier adds pressure
The French government said on Tuesday it remained unaware of detailed allegations against Renault SA boss Carlos Ghosn sent to the carmaker a day earlier by Japanese alliance partner Nissan Motor Co Ltd .
Boeing needs a surge to hit year-end delivery goal
Shares in Boeing Co slipped 2 percent on Tuesday after November deliveries suggested the world’s largest planemaker will need a surge in deliveries in December to hit its year-end targets, though it surpassed some analyst expectations.
China detains former Canadian diplomat as Huawei CFO returns to court
Canada confirmed on Tuesday that one of its citizens was detained in China but said it saw no explicit connection to the arrest in Vancouver of a top executive at Chinese telecoms giant Huawei Technologies Co.
U.S. weighs China travel warning over Huawei case: sources
The United States is considering issuing a new warning to U.S. citizens, including business executives, traveling to China after Canada arrested a senior Huawei Technologies Co Ltd [HWT.UL] executive at Washington’s request, two sources said on Tuesday…
