Two years in, Trump holds stock market bragging rights
U.S. President Donald Trump has taken credit for the stock market’s gains during his nearly two years in the White House, and those claims are reasonable given the impact of tax cuts and pro-business policies on investor sentiment.
Exclusive: Chinese upstart Luckin Coffee seeks funds to double valuation to $2 billion – sources
Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, is targeting a valuation of $1.5 billion to $2 billion as it launches a new round of funding, people familiar with the matter told Reuters.
China, Russia unveil life-size model of planned widebody jet at Zhuhai airshow
China and Russia on Tuesday unveiled a life-size model of a proposed wide-body long-haul jet at the opening of China’s largest airshow, giving public shape to their joint efforts to break into a market dominated by Boeing and Airbus .
Amazon plans to split second headquarters in two cities: sources
Amazon.com Inc is planning to split its second headquarters evenly between two cities, people familiar with the matter said Monday, in a twist to a more than year-long contest that has drawn overtures from locales across North America.
Apple’s Asia suppliers fall on report it canceled production boost for iPhone XR
Apple Inc’s Asian supplier and assembler stocks fell on Tuesday on a media report that the iPhone maker had told its smartphone assemblers to halt plans for additional production lines dedicated to its new iPhone XR.
Asian shares wobble, investors brace for U.S. elections
Asian shares wobbled on Tuesday, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies.
Ford goes local in India, aims for bigger slice of competitive market
Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two years ago by the U.S. car manufacturer for one of the world’s most competitive car markets is starting to show some suc…
Asian shares inch up, investors brace for U.S. elections
Asian shares ticked up in early Tuesday trade, supported by Wall Street gains although sentiment was tempered ahead of the U.S. midterm elections, the first major electoral test of President Donald Trump’s big tax cuts and hostile trade policies.
GE in talks to sell commercial lighting unit to PE firm: Bloomberg
General Electric Co is in talks to sell its commercial lighting business to private equity firm American Industrial Partners, Bloomberg reported on Monday, citing people familiar with the matter.
Toymaker Lego wins court case against Chinese copycats
Lego has won another case against imitators in China where copies of its colorful plastic toy bricks and figures have been a recurrent problem, the Danish toymaker said on Monday.
