Business News

Illustration photo of U.S. Dollar and China Yuan notes

China says will reduce foreign investment curbs, 2018 FDI rises 3 percent: commerce minister

The comments appeared to be largely reiterations of past pledges by Chinese officials for further market opening.

Jan 13, 2019

By Reuters

Apple considered Samsung, MediaTek to supply 5G modems for 2019 iPhones

By 2016 and 2017, Apple introduced Intel's modems in some of its iPhones but also still used Qualcomm chips.

Jan 12, 2019

By Reuters

Samsung

Nissan China chief Jose Munoz resigns amid broadened Ghosn probe

Munoz, 53, who is also the automaker's Chief Performance Officer, has been with Nissan for 15 years. He was recently placed on a leave of absence due to the ongoing probe.

Jan 12, 2019

By Reuters

J&J raises U.S. prices on around two dozen drugs

J&J joined many other companies that raised U.S. prices on hundreds of prescription medicines earlier this month.

Jan 11, 2019

By Reuters

Oil slips on economic worries, but still set for strong weekly gain

International Brent crude futures were at $61.55 per barrel at 0333 GMT, down 13 cents, or 0.2 percent, from their last close.

Jan 11, 2019

By Reuters

Asia stocks reach five-week high, yuan makes big weekly gains

In the foreign exchange markets, the dollar was broadly soft after a small rebound from three-month lows the previous day.

Jan 11, 2019

By Reuters

Volkswagen to cut 30,000 jobs to save money for electric, self driving projects

Volkswagen, China spearhead $300 billion global drive to electrify cars

China and other countries place more restrictions on conventional gasoline and diesel engines, auto companies have accelerated the shift to electrification.

Jan 10, 2019

By Reuters

Illustration photo of a Singapore dollar note

New year brings fresh hopes for bulls in Asian currencies

With the trade talk outcome still uncertain, failure could quickly reignite pressure on the yuan with some still expecting it to breach the key 7-per-dollar mark on dimming growth outlook.

Jan 10, 2019

By Reuters

China says trade talks with U.S. set foundation to resolve concerns

Nearly halfway into the 90-day truce, there have been few concrete details on progress made so far.

Jan 10, 2019

By Reuters

World Bank's Kim to join Global Infrastructure Partners

The World Bank's board is expected to meet later this week to discuss the search for a successor to Kim.

Jan 9, 2019

By Reuters

Chinese state media says any U.S.-China trade agreement must involve 'give and take'

The trade discussions, which began in Monday, are continuing into Wednesday for an unscheduled third day.

Jan 9, 2019

By Reuters

Asian shares hit 3-1/2-week high on U.S.-China trade optimism, oil climbs

Japan's Nikkei rose 1.3 percent, while China's benchmark Shanghai Composite and the blue-chip CSI 300 rebounded 1.5 percent and 1.8 percent, respectively.

Jan 9, 2019

By Reuters

Mercedes aims to be among top two players to scale autonomous tech

Mercedes-Benz, which is owned by German car and truck maker Daimler is undeterred by Waymo's progress.

Jan 7, 2019

By Reuters

Oil rises on trade talks and supply cuts, but economic slowdown looms

Financial markets were riding a relief rally on Monday on expectations that face-to-face trade negotiations between delegates from Washington and Beijing, due to start on Monday.

Jan 7, 2019

By Reuters

Asian shares ride relief rally, Sino-U.S. trade a hurdle

Chinese officials also meet their U.S. counterparts for trade negotiations starting later Monday, the first face-to-face talks of the year.

Jan 7, 2019

By Reuters

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