Bilfinger CEO says will take time for Iran to regain investors’ trust
FRANKFURT (Reuters) – Financing is the main hurdle facing companies looking at doing business in Iran, Bilfinger Chief Executive Thomas Blades said in German newspaper Handelsblatt and he also said it would take time for the country to regain investor…
China’s top court rules in Michael Jordan’s favor in trademark case
SHANGHAI (Reuters) – China’s highest court has ruled in favor of former basketball star Michael Jordan in a long-running trademark case relating to a local sportswear firm using the Chinese version of his name, overturning earlier rulings against the a…
Eyeing upswing, more U.S. oilfield service firms restructure
(Reuters) – After two years of hunkering down, struggling U.S. oilfield service providers are preparing for an expected oil-price recovery in an unexpected way: filing for bankruptcy.
Japan Inc warns of global trade contraction under Trump presidency: Reuters poll
TOKYO (Reuters) – Corporate Japan is bracing for a rocky ride under incoming U.S. President Donald Trump, a Reuters poll showed, with well over a third of firms seeing a contraction in global trade as concerns about a rise in U.S. protectionism threate…
Mexico and U.S. executives to share data to make case for free trade
MEXICO CITY (Reuters) – Mexican and U.S. business leaders will share information on cross-border economic integration as they seek to build a case for free trade under the government of President-elect Donald Trump, a top industry group said on Wednesd…
Airbnb backs off fight with governments, offers policy suggestions
SAN FRANCISCO (Reuters) – In a moment of peace-making with regulators, Airbnb on Wednesday released a set of policy suggestions for governments that are considering new laws for home- and apartment-renting.
Exclusive: Edmond de Rothschild to close Hong Kong operations – sources
HONG KONG (Reuters) – Swiss private bank Edmond de Rothschild is closing its Hong Kong operations, according to three people familiar with the matter, more than two decades after it opened shop in the former British territory.
Lululemon quarterly sales top expectations, shares jump
TORONTO (Reuters) – Canadian yoga and leisure apparel retailer Lululemon Athletica Inc on Wednesday reported quarterly profit that beat analysts’ forecasts, helped by higher-than-expected gross margins and sales.
Japan Inc warns of global trade contraction under Trump presidency: Reuters poll
TOKYO (Reuters) – Corporate Japan is bracing for a rocky ride under incoming U.S. President Donald Trump, a Reuters poll showed, with well over a third of firms seeing a contraction in global trade as concerns about a rise in U.S. protectionism threate…
Chevron sets 2017 capital budget, in 4th year of spending cuts
(Reuters) – Oil and gas major Chevron Corp on Wednesday announced a $19.8 billion capital and exploratory investment program for 2017, down 42 percent from its outlays in 2015.
