Novartis has ended contract with firm linked to Trump lawyer
ZURICH (Reuters) – Swiss drugmaker Novartis has ended a contract with a firm linked to U.S. President Donald Trump’s lawyer, Michael Cohen, saying it was now seen as a mistake.
China’s ZTE Corp says main business operations cease due to U.S. ban
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but China’s second biggest telecom equipment maker is trying to have the ban modified or reversed, it said on Wednesday.
Vodafone challenges Deutsche Telekom with $21.8 billion Liberty deal
LONDON (Reuters) – Vodafone has agreed to pay $21.8 billion to buy Liberty Global’s assets in Germany and eastern Europe to take the fight to rivals with a broader range of superfast cable TV, broadband and mobile services.
Oil soars as Trump dumps Iran nuclear deal, dollar dips
LONDON (Reuters) – Crude oil prices hit 3-1/2-year highs on Wednesday after President Donald Trump pulled the United States out of an international nuclear deal with Iran, while the dollar touched a new high for the year and world stocks held steady.
China’s ZTE Corp says main business operations have ceased due to U.S. ban
HONG KONG (Reuters) – ZTE Corp’s main business operations have ceased due to a ban imposed by the U.S. government, but the Chinese firm is trying to have the ban modified or reversed, it said in exchange filings late on Wednesday.
Walmart to buy controlling stake in India’s Flipkart for $16 billion
MUMBAI/NEW YORK (Reuters) – Walmart Inc agreed to pay $16 billion for a roughly 77 percent stake in Indian online marketplace Flipkart, the U.S. retailer’s largest deal as it opens up another front to battle rival Amazon.com Inc in one of the world’s…
Lloyd’s underwriters told to stop insurance linked to NRA
LONDON (Reuters) – Lloyd’s of London [SOLYD.UL] said on Wednesday it would direct underwriters to terminate all insurance offered, marketed, endorsed or otherwise made available through the National Rifle Association of America.
Fox to buy seven TV stations from Sinclair for about $910 million
(Reuters) – Twenty-First Century Fox Inc said on Wednesday it agreed to buy seven television stations from Sinclair Broadcast Group Inc for about $910 million.
Futures rise on oil rally after U.S. exits Iran deal
(Reuters) – U.S. stock index futures rose on Wednesday, with shares of energy companies getting a boost from a rally in oil after President Donald Trump pulled the United States out of a nuclear deal with Iran.
Red light: Ford facing hold-ups at China ports amid trade friction – sources
BEIJING (Reuters) – Ford Motor Co’s imported vehicles are being held up at Chinese ports, three people with knowledge of the matter told Reuters, underscoring how U.S. goods are facing increased customs scrutiny in China amid a tense trade stand-off.
