U.S.-listed Chinese financial firms drop as China sets new rules
(Reuters) – U.S.-listed shares of Chinese financial firms slipped in premarket trade on Friday after Reuters reported that China’s regulators had circulated new rules to local governments to clamp down on cash loan firms.
British Labour leader Corbyn tells Morgan Stanley: ‘We’re a threat’
LONDON (Reuters) – Britain’s opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profits speculators at the expense of ordinar…
Germany removes Tesla from subsidies list as too pricey
BERLIN (Reuters) – A German government agency has removed Tesla from the list of electric cars eligible for subsidies, sparking a row with the U.S. company over whether its Model S is too expensive to qualify for the scheme.
Too cold for a theme park, Disney looks to toy stores in Russia
MOSCOW (Reuters) – Though too cold for a theme park, Russia’s underserved toy market makes it an attractive business prospect for Walt Disney Co , the head of its Russian operations said on Friday.
Exclusive: Tezos founders push for legal bailout from Swiss foundation
NEW YORK/ZURICH (Reuters) – The couple behind the embattled Tezos cryptocurrency tech project wants the Swiss-based Tezos Foundation to cover their costs for lawsuits accusing them of fraud related to an online fundraiser it ran, people familiar with t…
‘You’re right: We’re a threat,’ British Labour leader Corbyn warns Morgan Stanley
LONDON (Reuters) – Britain’s opposition Labour leader Jeremy Corbyn warned Morgan Stanley that bankers are right to regard him as a threat because he wants to transform what he cast as a rigged economy that profited speculators at the expense of ordin…
Markets ignore best European factory data in 17 years
LONDON (Reuters) – European shares traded lower on Friday despite strong euro zone factory data, after a delay to a keenly awaited U.S. tax reform bill dented Asian trading and curbed appetite for the dollar.
Beauty contest: China make-up brands rein in South Korea rivals
SEOUL/SHANGHAI(Reuters) – As a diplomatic spat between Beijing and Seoul raged this year, many South Koreans felt decidedly unwelcome in China. South Korean businesses were shunned, K-pop concerts were canceled and tourist trade dried up.
Mitsubishi Cable head quits over data falsification scandal
TOKYO (Reuters) – The head of Mitsubishi Cable Industries Ltd has stepped down following the firm’s admission last week that it had manipulated inspection data of rubber sealing products.
Sale of the century? $300-billion Saudi state sell-off moves slowly
DUBAI/RIYADH (Reuters) – Saudi Arabia’s $300-billion privatization program was billed as the sale of the century when Crown Prince Mohammed bin Salman unveiled his plan to great fanfare. Nineteen months later, it is moving at a snail’s pace, bankers, i…
