MUFG to book half-billion-dollar writedown on branch closings: sources
TOKYO (Reuters) – Mitsubishi UFJ Financial Group (MUFG) plans to book a nearly half-billion-dollar charge to write down the value of branches as the Japanese megabank seeks to consolidate retail outlets in a shrinking domestic market, two people with …
Uber loses EU court case against French criminal charges
LUXEMBOURG (Reuters) – France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley start-up another legal setback.
McDonald’s plans to expand its Nordic business
COPENHAGEN (Reuters) – McDonald’s plans to open 200 restaurants and boost its number of customers by a third over the next 10 years in Denmark, Sweden, Norway and Finland, the U.S. fast food chain said in a statement on Tuesday.
Google appeals Indian antitrust watchdog’s ‘search bias’ verdict: sources
NEW DELHI (Reuters) – Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal (NCLAT) against a judgment from India’s competition watchdog that found it guilty of “search bias”, two sources aware of the matter told…
Google appeals India’s antitrust watchdog order for search bias
NEW DELHI (Reuters) – Online search giant Google has filed an appeal at the National Company Law Appellate Tribunal against an order from India’s competition watchdog that found it guilty of “search bias” and abuse of its dominant position, two sources…
Stocks jump as Xi calms jitters over U.S.-China trade row
SINGAPORE (Reuters) – U.S stock futures rallied, Asian equities bounced and the safe haven yen fell on Tuesday, as Chinese President Xi Jinping promised to lower import tariffs on products including cars, helping soothe investor jitters over an escala…
Malaysia Airlines launches widebody tender process, could oust Boeing 787 deal: source
SINGAPORE (Reuters) – Malaysia Airlines has launched a fresh tender process for 20-30 widebody jets that could supersede a deal with Boeing Co agreed during a high-profile U.S. visit by the country’s prime minister last year, a source with knowledge o…
Doubts over U.S. bank capital payouts may cloud strong earnings
NEW YORK (Reuters) – Quirks in the new U.S. tax code are sowing doubts over how much big banks can boost dividends and stock buybacks this year, threatening to take the shine off what are likely to be strong quarterly profits.
China’s Xi renews pledges to open economy, cut tariffs this year
BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping on Tuesday promised to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with the Un…
Samsung Sec ‘fat finger’ debacle deepens as pension fund halts trade
SEOUL (Reuters) – Samsung Securities Co Ltd’s woes deepened on Tuesday as South Korea’s biggest pension fund stopped using the broker to trade stocks in the wake of a ‘fat finger’ error that has prompted a huge public outcry and calls for change in th…
