Teva to reduce size of board after June shareholder’s’ meeting
JERUSALEM (Reuters) – Three directors are stepping down from the board at Teva Pharmaceutical Industries and only one new director is being nominated to replace them, the generic drugmaker said on Thursday.
China says opposes countries imposing their own laws on others
BEIJING (Reuters) – China opposes the use of a country’s domestic laws to control others, a foreign ministry spokeswoman said on Thursday, when asked if Chinese tech company Huawei had violated U.S. sanctions related to Iran.
Volkswagen first-quarter profit drops 3.6 percent on accounting changes
BERLIN (Reuters) – Volkswagen on Thursday posted a surprise drop in first-quarter operating profit as accounting changes, currency headwinds and technology costs weighed on group results.
Shell profits soar on stronger oil prices
LONDON (Reuters) – Royal Dutch Shell on Thursday reported a 42 percent rise in profits in the first quarter of 2018, the highest in over three years, boosted by higher oil prices and beating analysts’ expectations.
Asia stocks supported by Wall St., but China drags
TOKYO (Reuters) – Asian stocks were supported on Thursday by robust corporate earnings that helped Wall Street quell concerns about the surge in U.S. bond yields. However, sagging Chinese shares limited the upside potential of the market.
Deutsche Bank announces major overhaul of investment bank
FRANKFURT (Reuters) – Deutsche Bank on Thursday announced cuts to its bond and equities trading in a major overhaul of its troubled investment bank after posting a 79 percent drop in net profit in the first quarter.
China considering cutting duty on imported cars by about half: Bloomberg
BEIJING/SHANGHAI (Reuters) – China is considering cutting the import duty on passenger cars by about half as part of the country’s plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matte…
Samsung Electronics flags mobile weakness as chips power record first-quarter profit
SEOUL (Reuters) – Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.
Asia a bright spot for Japan carmakers facing sluggish U.S. sales, trade concerns
TOKYO (Reuters) – Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche m…
ZTE tells suppliers China trade row may be factor in U.S. ban: source
NEW YORK (Reuters) – China’s ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week’s U.S. order banning American firms from…
