Asian shares step back from New Year rally as trade concerns resurface
TOKYO (Reuters) – The New Year rally in Asian shares ran out of steam on Thursday as concerns about the U.S. administration’s protectionist stance hit Wall Street while U.S. bonds were dented by speculation China may curtail buying.
Uber’s Chinese rival Didi Chuxing recruits in Mexico ahead of launch
MEXICO CITY (Reuters) – Chinese ride-hailing company Didi Chuxing has advertised online for a range of jobs in Mexico as it prepares to break into the country, one of rival Uber’s regional strongholds.
Hyundai Motor invests in ride-hailing firm Grab
SEOUL (Reuters) – Hyundai Motor Co said on Thursday it had invested in Singapore-based ride-hailing firm Grab, in the South Korean automaker’s first foray into the rapidly growing sector as it tries to diversify following a sales slump in China.
SEC seeks trustee for firm behind alleged $1 billion Ponzi fraud
WILMINGTON, Del. (Reuters) – The U.S. Securities and Exchange Commission urged a federal judge on Wednesday to appoint a trustee to manage the Woodbridge Group of Companies, a bankrupt property developer the regulator accused of being a $1.2 billion Po…
SEC seeks trustee for firm behind alleged $1 bln Ponzi fraud
WILMINGTON, Del. (Reuters) – The U.S. Securities and Exchange Commission urged a federal judge on Wednesday to appoint a trustee to manage the Woodbridge Group of Companies, a bankrupt property developer the regulator accused of being a $1.2 billion Po…
Exclusive: Justice Department blindsided banking agency on pot policy flip – sources
WASHINGTON (Reuters) – When the U.S. Justice Department said last week it was reversing policy on the $7 billion marijuana business, it failed to first notify federal officials who advise banks in states where the drug is legal, sources in Congress sa…
Wall Street falls on China, NAFTA concerns
NEW YORK (Reuters) – The three major U.S. stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key trade agreeme…
Domino’s retiring CEO says not going to Chipotle
(Reuters) – Domino’s Pizza Co Chief Executive J. Patrick Doyle, who is stepping down at the end of June, on Wednesday dismissed speculation that he might move to Chipotle Mexican Grill Inc to turn around business at the casual restaurant chain.
Toyota, Mazda announce $1.6 billion plant for Huntsville, Alabama
MONTGOMERY, Ala. (Reuters) – Toyota Motor Corp and Mazda Motor Corp announced on Wednesday they will build a $1.6 billion joint assembly plant in Alabama that will employ up to 4,000 workers, a boost for President Donald Trump, who wants automakers to …
Concerns about China, NAFTA halt Wall St. rally
NEW YORK (Reuters) – Wall Street’s major stock indexes ended lower on Wednesday after a choppy trading session as investors worried that China would slow U.S. government bond purchases and that U.S. President Donald Trump would end a key U.S. trade agr…
