ZTE employees in China cheer Trump tweet
HONG KONG (Reuters) – Employees of ZTE Corp, the Chinese telecom equipment maker, are cheering a tweet by U.S. President Donald Trump that suggested a resolution is in sight for a devastating ban on sales to the Chinese company.
China says will work with U.S. for positive outcome in trade talks
BEIJING (Reuters) – China said on Monday it is willing to work with the United States for a positive outcome in trade negotiations this week.
JPMorgan applies to set up majority-owned securities business in China
HONG KONG (Reuters) – JPMorgan Chase & Co said on Monday it has applied to China’s securities regulator to set up a securities business in which the U.S. bank would own a majority stake under recently relaxed ownership rules.
China’s night-owl retail investors leverage up to dominate oil futures trade
BEIJING (Reuters) – As 9 pm approaches every weekday night in China, a small army of individual investors from around the country log onto trading apps on their mobile phones and laptops.
NAFTA math may not add up to more U.S. auto jobs
DETROIT (Reuters) – Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks.
Xerox abandons planned deal with Fujifilm in victory for Icahn and Deason
NEW YORK/TOKYO (Reuters) – Xerox Corp has scrapped a planned $6.1 billion deal with Fujifilm Holdings Corp in a settlement with activist investors Carl Icahn and Darwin Deason that also hands control of the U.S. photocopier giant to new management.
Oil falls away from multi-year highs on surge in U.S. drilling, Iran sanctions opposition
SINGAPORE (Reuters) – Oil prices on Monday fell away from last week’s multi-year highs as a relentless rise in U.S. drilling activity pointed to increased output, while resistance emerged in Europe and Asia to U.S. sanctions against major crude exporte…
Asian stocks up on hopes of thaw in U.S-China trade tensions
SYDNEY (Reuters) – Asian shares rose to near two-month highs on Monday on hopes of a thaw in U.S.-China trade tensions as U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technolo…
GM Korea cancels news briefing as temporary workers storm venue
BUPYEONG, South Korea (Reuters) – General Motors Co’s South Korean unit canceled a news conference on Monday after a dozen temporary workers forced their way into the event venue minutes beforehand, chanting slogans that called on the automaker to hir…
Australia’s Commonwealth Bank CFO steps down as Comyn rings changes
SYDNEY (Reuters) – Uncertainty around Commonwealth Bank of Australia’s senior leadership deepened on Monday as the chief financial officer resigned unexpectedly, the fifth executive to depart in one of the worst governance crises in the bank’s history…
