Exclusive: General Electric’s power unit faces threat in Saudi Arabia
One of General Electric Co’s largest and most valuable customers, Saudi Arabia, is lining up competitors to bid against GE for lucrative power plant work, according to five people familiar with the situation. State-controlled Saudi Electricity Co …
Japan exports to U.S. fall, business mood sours amid fears of trade war
Japan’s exports to the United States fell for the first time in 17 months and Japanese business sentiment soured amid worries about U.S. President Donald Trump’s protectionist trade policies.
Asian shares rise on U.S. earnings but trade worries rattle yuan
Asian shares extended early gains on Thursday as upbeat Wall Street earnings buoyed global investor sentiment, although trade war jitters pushed China’s yuan to fresh one-year lows in both the onshore and offshore markets.
Speakers, TVs, Kleenex in demand on Amazon Prime Day
Online shoppers purchased more than 100 million products worldwide during Amazon.com Inc’s annual Prime Day sale this week, despite glitches on its mobile app and websites that prevented several customers from placing orders.
Billionaire James Packer quits 22 boards, deepens corporate withdrawal
Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate records show, signaling his almost full retreat from public business life.
EU’s Moscovici warns of hit to markets if trade tensions escalate
A further escalation in trade policy tensions between the European Union and the United States would hit financial markets and hurt both sides, said European Commissioner for Economic and Financial Affairs Pierre Moscovici.
Asian shares higher on U.S. earnings but trade worries rattle offshore yuan
Asian shares made early gains on Thursday as upbeat Wall Street earnings supported global investor sentiment, although trade war jitters pushed China’s offshore yuan to a fresh one-year low.
FCC votes to refer Sinclair Tribune merger to administrative judge
The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media Co to an administrative law judge, a blow to the firms’ chances of winning ap…
IBM gets boost from new businesses, tops estimates
International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and cloud computing.
EBay revenue misses as weak U.S. sporting season hits StubHub
EBay Inc missed analysts’ estimates for second-quarter revenue on Wednesday, as its online ticket marketplace StubHub had a disappointing quarter, leading the e-commerce website to forecast underwhelming third-quarter results.
