China says will not fire first shot in trade war with U.S.
BEIJING (Reuters) – China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday.
Trade worries dent stocks, yuan steadies
LONDON (Reuters) – World stocks were flat on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors.
VW to launch carsharing with electric vehicles in 2019
FRANKFURT (Reuters) – Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles.
British Supreme Court rejects Goldman Sachs appeal vs Novo Banco
LISBON (Reuters) – Britain’s Supreme Court dismissed on Wednesday an appeal by Goldman Sachs for compensation from Portugal’s Novo Banco over a $835 million loan to Novo Banco’s bankrupt predecessor, Banco Espirito Santo (BES), which was carved up by t…
Exclusive: Dubai regulator probes Abraaj over alleged mismanagement – sources
DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter …
Global stocks tread water on trade worries, yuan steadies
LONDON (Reuters) – World stocks treaded water on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors.
China’s HNA Chairman Wang dies in France after falling from a wall
BEIJING/MARSEILLE, France (Reuters) – Chinese conglomerate HNA Group Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph.
Exclusive: Dubai investigates Abraaj over alleged mismanagement – sources
DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter …
China’s HNA Chairman Wang dies after fall during trip to France
BEIJING (Reuters) – China’s HNA Group [HNAIRC.UL] said on Wednesday that Wang Jian, a chairman and co-founder, died during a business trip in France on July 3 after a serious injury caused by a fall.
Blame ‘superstar’ tech firms for slow wage growth: OECD
PARIS (Reuters) – Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the Organization for Economic Cooperation and Development said on Wednesday.
