Chinese ride-sharing giant Didi picks Australia for first Western foray
SYDNEY/SHANGHAI (Reuters) – Didi Chuxing Technology Co Ltd, the Chinese ride-sharing company that bought the mainland operations of Uber Technologies Inc [UBER.UL], will begin offering its service this month in Australia, its first foray in a Western-s…
HSBC battles entrenched locals, past mistakes in U.S. credit card push
LONDON (Reuters) – HSBC’s push into credit cards and personal loans in the United States will be no easy task as the bank faces entrenched domestic rivals and the legacy of a previous disastrous foray into U.S. lending.
Stocks fall, dollar hits seven-month high as U.S. readies China tariffs
LONDON (Reuters) – World shares fell and were set to end the week in the red on Friday while the dollar climbed to a seven-month high, as investors braced for a list of Chinese goods targeted in a first round of announced tariffs by the United States.
Volkswagen names M&A expert Christian Schulz as new trucks CFO
FRANKFURT (Reuters) – Volkswagen Truck & Bus on Friday appointed mergers and acquisitions specialist Christian Schulz as its new finance chief, as the division seeks to tap capital markets to fund an expansion plan which could result in the acquisition of rival Navistar.
China promises fast response as Trump readies tariffs
BEIJING (Reuters) – China vowed on Friday to strike back quickly if the United States hurts its interests, hours before U.S. President Donald Trump was due to unveil revisions to a tariff list targeting $50 billion worth of Chinese goods.
ZTE’s shares slide on trade war jitters, lost 30 percent of market value this week
HONG KONG (Reuters) – Shares of ZTE Corp plummeted on Friday on renewed worries of a trade war and the Chinese telecommunications giant has now lost 30 percent of its market value since share trading resumed this week.
As trade war with China looms, U.S. readies second wave of duties
BEIJING/WASHINGTON (Reuters) – The United States has nearly completed a second list of tariffs on $100 billion in Chinese goods, as President Donald Trump prepares to enact an initial round of duties that is expected to trigger an in-kind response from…
Fitbit’s six current, ex-staff indicted in Jawbone trade secrets case
(Reuters) – Six former and current employees of Fitbit Inc were charged in a federal indictment for possessing trade secrets stolen from rival Jawbone, according to a statement from the Department of Justice on Thursday.
McDonald’s to replace plastic straws with paper ones in UK and Ireland: BBC
LONDON (Reuters) – McDonald’s will replace plastic straws with paper ones in all its restaurants in the United Kingdom and Ireland, starting from September, the BBC reported on Friday.
ZTE’s Hong Kong-listed shares slide as much as 10 percent
HONG KONG (Reuters) – Shares of Chinese telecommunications giant ZTE Corp fell as much as 10 percent on Friday, continuing a slide that has wiped more than $4 billion off its market value in the past three days.
