Futures slide further as global growth fears mount
U.S. equity futures fell about 0.4 percent to six-week lows on Monday, as a global selloff continued on signs of cooling growth and worries that escalating tensions between the United States and China could scuttle their fragile trade truce.
Ghosn, Nissan formally charged in financial misconduct scandal
Tokyo prosecutors indicted Carlos Ghosn, the ousted chairman of Nissan , for under-reporting his income, and officially charged the automaker for its role in the financial misconduct scandal that has shocked the industry.
Chinese state media distance Huawei arrest from U.S. trade talks
Chinese state media on Monday denounced the arrest of a top executive at tech giant Huawei , but did not link it to talks to resolve a trade dispute with the United States, an apparent effort not to undermine prospects for a deal.
Huawei CFO bail hearing to resume in Canada as Beijing steps up pressure
A top executive of Chinese tech giant Huawei Technologies is due back in a Canadian court on Monday where she will fight for her freedom with the help of pressure from Beijing against prosecutors’ claims she cannot be trusted.
SoftBank’s record IPO reaches $23.5 billion after extra share sale
SoftBank Group Corp is set to raise 2.65 trillion yen ($23.5 billion) in Japan’s biggest-ever IPO – a share sale widely regarded as finalizing the group’s transition from domestic telco to a monolithic global tech investor.
Stock selloff snowballs on fresh fears for world growth
Losses on global stocks snowballed on Monday, with European markets following Asian peers lower as fresh signs emerged of slowing growth worldwide and fears grew that simmering U.S.-China tensions would torpedo chances of a trade deal.
Gilead Sciences snares Roche veteran O’Day as CEO
Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG’s Daniel O’Day as its new chief executive, tapping an industry veteran to fill a management vacuum.
Japan’s top three telcos to shun Huawei, ZTE network equipment: Kyodo
Japan’s big three telecom operators plan not to use current equipment and upcoming fifth-generation (5G) gear from China’s Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp , Kyodo News reported on Monday.
Onset of recession may take longer than expected after yield curve inverts
The onset of a U.S. recession could take longer than usually thought after key points of the Treasury yield curve invert, as a surge in U.S. short-dated debt issuance has altered the dynamics of the Treasury market and other indicators show an economic…
Ghosn formally charged for financial misconduct, Nissan also indicted
Tokyo prosecutors officially charged ousted Nissan Motor chairman Carlos Ghosn on Monday for under-reporting his income and extended his detention on suspicion of additional financial misconduct.
