Exclusive: U.S. sorghum armada U-turns at sea after China tariffs
CHICAGO (Reuters) – Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shippin…
Takeda shares drop after Shire rejects $63 billion offer
TOKYO (Reuters) – Japan’s Takeda Pharmaceutical Co Ltd shares fell on Friday after rare disease drug maker Shire Plc rejected its $63 billion cash-and-stock acquisition offer.
Asia shares hit by tech warning, oil holds near highs
SYDNEY (Reuters) – Asian shares slipped on Friday as a warning on smartphone demand from the world’s largest contract chipmaker slugged the tech sector, while lofty oil prices stirred inflation fears and undermined sovereign bonds.
U.S. Treasury considers emergency powers on Chinese investments: official
WASHINGTON (Reuters) – The U.S. Treasury is considering ways to restrict sensitive Chinese investments in the United States by invoking an emergency powers law and bringing forward some security review reforms for corporate acquisitions, a senior Treas…
Wells Fargo nears $1 billion settlement for loan abuses: source
(Reuters) – Wells Fargo & Co is close to settling a record fine of $1 billion imposed by two U.S. regulators for its risk management business, a source familiar with the matter told Reuters on Thursday.
Consumer activists, experts advise against buying ZTE phones
(Reuters) – Consumer activists and technology experts are advising consumers to hold off on buying Android handsets from China’s ZTE until the company clarifies whether U.S. sanctions against the company prevent it from providing operating system updat…
AT&T CEO Stephenson says Time Warner deal needed in content-dependent world
WASHINGTON (Reuters) – AT&T CEO Randall Stephenson said on Thursday his company’s bid to buy movie and TV show maker Time Warner would allow the two firms to serve customers better by lowering pay TV rates, rejecting government arguments the deal would raise consumer prices.
Wall Street regulator sanctions Tezos cryptocurrency project co-founder
NEW YORK (Reuters) – A Wall Street regulator has suspended the co-founder of the controversial Tezos cryptocurrency project from associating with broker-dealers for two years, part of a settlement to resolve allegations that he made false statements ab…
Trade tensions with U.S. testing resolve of Chinese consumers
BEIJING (Reuters) – Guo Qingshan delights in riding his 400,000 yuan ($63,839) Harley-Davidson motorbike around Beijing’s suburbs.
Qualcomm cutting 1,500 jobs at its California offices
(Reuters) – Chipmaker Qualcomm Inc is cutting 1,500 jobs across multiple divisions at its offices in California, as part of its promise to investors to cut annual costs by $1 billion.
