Asian shares stay near nine-month lows as trade frictions weigh
SHANGHAI (Reuters) – Asian shares remained near nine-month lows on Friday despite small gains on Wall Street overnight, as ongoing concerns over global trade frictions dampened sentiment, though a move to ease foreign investment curbs in China could b…
China’s ZTE still in limbo over U.S. Commerce ban
(Reuters) – The U.S. Department of Commerce still has not worked out the details necessary for lifting the ban on China’s ZTE Corp , a spokesman said on Thursday, even though an official last week said the final steps would be taken in a “couple of day…
Legal battles, education sessions and firings: Inside the fight for unions at Samsung
SEOUL (Reuters) – When Jo Jang-hee, a restaurant manager at a Samsung amusement park, tried to set up a labor union in 2011, human resources managers gathered him and some 60 colleagues into a basement seminar room.
Deutsche Bank fails Fed stress test while three U.S. lenders stumble
WASHINGTON/NEW YORK (Reuters) – Deutsche Bank AG’s U.S. subsidiary failed on Thursday the second part of the U.S. Federal Reserve’s annual stress tests due to “widespread and critical deficiencies” in the bank’s capital planning controls.
BHP pays out $211 million to support dam accident rehabilitation fund
(Reuters) – Global miner BHP said on Friday it agreed to fund a total of $211 million in financial support for the Renova Foundation, created to help victims of the Samarco dam disaster in Brazil.
Trump lauds Taiwan’s Foxconn, threatens Harley on Wisconsin trip
MT. PLEASANT, Wis. (Reuters) – U.S. President Donald Trump praised Taiwanese high-tech company Foxconn and vaguely threatened U.S. motorcycle maker Harley-Davidson on a campaign-style trip on Thursday to Wisconsin, a state that supported him in the 201…
California lawmakers approve data-privacy bill opposed by Silicon Valley
SAN FRANCISCO (Reuters) – California Governor Jerry Brown on Thursday signed data privacy legislation aimed at giving consumers more control over how companies collect and manage their personal information, a proposal that Google and other big companie…
Wall Street advances with help from technology, financials
NEW YORK (Reuters) – U.S. stocks rose on Thursday as technology and other growth sectors rebounded from the prior day’s declines and financial shares snapped a 13-day losing streak.
Fox shareholders to vote on Disney’s offer on July 27
(Reuters) – Twenty-First Century Fox Inc shareholders will vote on Walt Disney Co’s revised $71 billion bid for Fox’s entertainment assets on July 27, the companies said.
Deutsche Bank’s U.S. operations fail second leg of Fed stress tests
WASHINGTON/NEW YORK (Reuters) – Deutsche Bank AG’s U.S. subsidiary failed on Thursday the second part of the U.S. Federal Reserve’s annual stress tests due to “widespread and critical deficiencies” in the bank’s capital planning controls.
