Toshiba says SEC completes accounting probe, no penalty
TOKYO (Reuters) – Japan’s Toshiba Corp on Monday said the U.S. Securities and Exchange Commission (SEC) had completed an investigation of its past accounting practices without fining the company.
Asian shares slip on trade worries, oil gives up some gains
TOKYO (Reuters) – Asian shares fell on Monday on escalating trade tensions between the United States and major economies while oil prices gave up some of their hefty gains made after major oil producers agreed to a modest increase in production.
U.S. plans limits on Chinese investment in U.S. technology firms
WASHINGTON (Reuters) – The U.S. Treasury Department is drafting curbs that would block firms with at least 25 percent Chinese ownership from buying U.S. companies with “industrially significant technology,” a government official briefed on the matter s…
Asian shares dogged by trade worries, oil keeps gains
TOKYO (Reuters) – Asian shares got the week off to a cautious start on Monday amid lingering concerns about escalating trade frictions while U.S. oil prices maintained hefty gains made after major oil producers had agreed on a modest increase in produc…
Bombardier, Toronto union reach new agreement, averting strike
TORONTO (Reuters) – Bombardier Inc and its Canadian workers who assemble turboprops and the company’s new top-of-the-line business jet have reached a new labor agreement, averting a potential strike, the company said on Sunday.
Brent oil prices drop by 2 percent as traders expect output rise after OPEC deal
SINGAPORE (Reuters) – Brent crude oil prices fell by more than 2 percent early on Monday as traders factored in an expected output increase that was agreed at the headquarters of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna on…
Uber battles to keep London license in court appeal
LONDON (Reuters) – Uber [UBER.UL] went to court on Monday to overturn a decision stripping it of its license in London after being ruled unfit to run a taxi service in its most important European market.
Half of EU business leaders cut UK investment over Brexit: survey
FRANKFURT (Reuters) – Britain’s looming departure from the European Union has led nearly half of big companies from the rest of the bloc to cut investment in the country, a poll of 800 executives released two years after the Brexit referendum found.
GE nearing deal to sell industrial engines unit to Advent: WSJ
(Reuters) – General Electric Co is close to a deal to sell its industrial gas engines business to private equity firm Advent International for $3 billion or more, The Wall Street Journal reported on Sunday, citing people familiar with the matter.
UK ministers take aim at business over Brexit warnings
LONDON (Reuters) – The British government and business leaders clashed in a deepening row over Brexit on Sunday after a senior minister accused companies of issuing “completely inappropriate” threats and undermining the prime minister.
