At Davos, delegates talk down Trump but bet big on America
DAVOS, Switzerland (Reuters) – Since Donald Trump won the U.S. presidency, business has been booming for Monaco-based businessman Manfredi Lefebvre d’Ovidio.
Mnuchin says not concerned where dollar is in short-term
DAVOS, Switzerland (Reuters) – U.S Treasury Secretary Steven Mnuchin said on Thursday that the U.S. administration was not concerned about the level of the dollar in the short term.
Asia shares hit record peak but trade protectionist fears cast shadow
TOKYO (Reuters) – Asian stocks hit a record high on Thursday though concerns about the Trump administration’s protectionist stance tempered enthusiasm in financial markets, while the dollar struggled after U.S. Treasury Secretary Steven Mnuchin welcome…
Alibaba, U.S. grocer Kroger had early business development talks: source
SAN FRANCISCO (Reuters) – Chinese e-commerce and technology company Alibaba Group Holding Ltd and U.S. grocer Kroger Co have had early discussions on working together, including a meeting in which U.S. executives traveled to China, a source familiar wi…
Qualcomm signs $2 billion sales MOUs with Lenovo, Xiaomi, vivo and OPPO
(Reuters) – Qualcomm Technologies Inc has signed memorandums of understanding for sales worth at least $2 billion with top Chinese smartphone vendors, receiving vocal support from the firms as it fights an unsolicited buyout bid from Broadcom Ltd .
Dollar smarts from Mnuchin’s comments, hits three-year low; euro awaits ECB test
TOKYO (Reuters) – The dollar skidded to a three-year low against its peers on Thursday after caving on comments by U.S. Treasury secretary Steven Mnuchin that he welcomed a weaker currency, while the euro was firm ahead of the European Central Bank’s p…
Trump administration backs bills to toughen foreign investment rules
WASHINGTON (Reuters) – The Trump administration supports bipartisan bills in Congress to toughen U.S. foreign investment rules amid growing concern about Chinese efforts to buy U.S. high-tech companies, the White House said in a statement on Wednesday….
Exclusive: Beijing plans to boost scrutiny of Chinese offshore private equity funds – sources
HONG KONG (Reuters) – China plans to tighten oversight of private equity funds set up outside the country by domestic companies, including the disclosure of investors’ identities, to mitigate financial risk and keep tabs on a new wave of offshore fund-…
Asia shares near record peak but trade protectionist fears cast shadow
TOKYO (Reuters) – Asian stocks held near a record high on Thursday though concerns about the Trump administration’s protectionist stance cast a shadow on financial markets, while the dollar struggled after U.S. Treasury Secretary Steven Mnuchin welcome…
South Korea’s LG to hike washer prices in U.S. after tariffs
CHICAGO (Reuters) – LG Electronics Inc will raise prices of most of its washing machines in the United States, the South Korean company said on Wednesday, two days after the Trump administration slapped steep tariffs on imported large residential wash…
