Taiwan’s Foxconn calls Sino-U.S. trade spat a ‘tech war’
TAIPEI (Reuters) – Foxconn, the world’s largest electronics contract manufacturer, on Friday said the U.S. and Chinese governments are engaged in a technology war, not a trade war, describing the spat as the biggest challenge the Taiwanese company is f…
Asian shares hit 6-month lows as tariffs take economic toll
TOKYO (Reuters) – Asian shares slid to their lowest in six months on Friday, on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, while oil prices were choppy ahead of an OPEC meeting to discus…
Taiwan’s Foxconn says biggest challenge is U.S.-China trade war
TAIPEI (Reuters) – Foxconn , the world’s largest electronics contract manufacturer, said on Friday the biggest challenge the company is facing is the trade war between Washington and Beijing.
Asian shares flirt with six-month lows as signs of tariff effects appear
TOKYO (Reuters) – Asian shares were under pressure on Friday on signs U.S. trade battles with China and many other countries are starting to chip away at corporate profits, with oil prices choppy ahead of major producers meeting to discuss raising outp…
Exclusive: Tesla to close a dozen solar facilities in nine states – documents
LOS ANGELES/SAN FRANCISCO (Reuters) – Electric car maker Tesla Inc’s move last week to cut 9 percent of its workforce will sharply downsize the residential solar business it bought two years ago in a controversial $2.6 billion deal, according to three …
Favorable U.S. tax ruling gives limited boost to big-box retailers
NEW YORK (Reuters) – Complying with a U.S. Supreme Court ruling on Thursday that forces online retailers to collect sales tax just like their brick-and-mortar counterparts will be a heavy burden for smaller e-commerce businesses.
Disney willing to divest more Fox assets for deal clearance
(Reuters) – Walt Disney Co said on Thursday it was willing to divest Twenty-First Century Fox Inc assets that generated up to $1 billion in earnings before interest, tax, depreciation and amortization (EBITDA) to get a regulatory nod for the deal.
Largest banks clear U.S. Fed’s toughest annual stress tests
WASHINGTON (Reuters) – The 35 largest U.S. banks are poised to put more money toward dividends, share buybacks and business investments, after clearing the first stage of an annual regulatory stress test on Thursday, showing they have enough capital to…
Credit Suisse prevails in lawsuit seeking $300 million for brokers: U.S. judge
(Reuters) – A federal judge on Thursday dismissed a lawsuit accusing Credit Suisse Group AG of withholding up to $300 million of compensation from U.S.-based brokers when it closed their private banking unit in 2015.
Index provider MSCI delays decision on unequal voting rights stocks
NEW YORK (Reuters) – Stock index provider MSCI said on Thursday it extended its review of how to treat stocks with unequal voting rights and expects to make a decision by the end of October.
