Europe shrugs off pre-G20 China stocks slump, sterling steadies
LONDON (Reuters) – European shares bounced after two days of falls on Thursday and sterling steadied having been pounded all week by ‘Brexit’ fears, though a 6 percent drop in Chinese stocks kept worries over China’s economy on the boil.
The Washington insiders who work to get Chinese deals approved
WASHINGTON/NEW YORK (Reuters) – A spate of proposed Chinese takeovers of U.S. companies, from the Chicago Stock Exchange to makers of high-end semiconductors, has created a vibrant business for a small circuit of Washington insiders who advise on how t…
China seeks to reassure trading partners on FX, markets ahead of G20
SHANGHAI (Reuters) – Chinese policymakers on Thursday ruled out an imminent devaluation of the yuan as they seek to reassure trading partners ahead of the G20 summit that they can manage market stability while driving structural reforms.
China stocks tumble more than 6 percent, post biggest 1-day loss in a month
SHANGHAI (Reuters) – China stocks tumbled more than 6 percent on Thursday, their biggest one-day loss in a month, as investors booked profits after the market’s recent rebound and awaited policy cues from global leaders gathering in Shanghai for a G20 …
Lockheed warns Sikorsky could underperform
WASHINGTON (Reuters) – Lockheed Martin Corp , the Pentagon’s No. 1 supplier, on Wednesday warned investors that the Sikorsky helicopter unit it acquired last year could underperform, given changes in oil prices and other global economic conditions.
Apple working on measures to make it harder for government to hack iPhones: NYT
(Reuters) – Apple Inc is said to be developing security measures to make it even harder for the government to break into iPhones, the New York Times reported on Wednesday, citing people close to the company and security experts.
Airbus CEO against Honeywell’s merger with United Technologies
(Reuters) – Airbus Group SE Chief Executive Tom Enders said in statement on Wednesday that he did not see how a combination of Honeywell International Inc and United Technologies Inc (UTC) would be in his company’s interests.
Abengoa unit files for U.S. bankruptcy with up to $10 billion in debt
WILMINGTON, Del./CHICAGO (Reuters) – Abengoa SA put its U.S. bioenergy unit into Chapter 11 bankruptcy on Wednesday with up to $10 billion in liabilities, the latest twist in the multinational parent’s race to avoid becoming Spain’s largest corporate f…
Investor says VW must do more in emissions investigation
FRANKFURT (Reuters) – Volkswagen needs to do more to investigate how Europe’s largest carmaker became embroiled in emissions cheating, shareholder Union Asset Management said on Wednesday.
Bulls chalk one up after late-day surge on Wall St.
(Reuters) – U.S. stocks mounted a late-session rally to close higher on Wednesday after an increase in oil prices helped reduce investors’ fears about banks’ vulnerability to energy companies struggling to pay their debts.
