Business News
Huawei CFO bail hearing to resume in Canada as Beijing piles pressure12/10/2018 8:40:20 AM The CFO of Chinese telecom giant Huawei Technologies Co Ltd is set to be back in a Canadian courtroom on Monday, fighting for her freedom with the help of pressure from Beijing, while prosecutors argue she cannot be trusted.Ghosn formally charged for financial misconduct, Nissan also indicted12/10/2018 8:39:37 AM Tokyo prosecutors officially charged ousted Nissan Motor chairman Carlos Ghosn on Monday for under-reporting his income and extended his detention on suspicion of additional financial misconduct.Hitachi shares rise after report it is considering scrapping Britain nuclear project12/10/2018 8:35:52 AM Hitachi Ltd shares rose as much as 2.9 percent on Monday after Japan's TV Asahi reported the firm is considering scrapping its 3 trillion yen ($26.61 billion) nuclear project in Britain due to projections of further increases in construction costs.U.S. says March 1 'hard deadline' for trade deal with China12/10/2018 8:18:02 AM Unless U.S.-China trade talks wrap up successfully by March 1, new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a "hard deadline" after a week of seeming confusion among President Donald Trump and his advisers.SoftBank's blockbuster IPO reaches $23.5 billion after extra share sale12/10/2018 7:56:18 AM SoftBank Corp priced its initial public offering (IPO) at 1,500 yen per share and will sell an extra 160 million shares to meet solid demand, a regulatory filing showed, raising 2.65 trillion yen ($23.5 billion) in Japan's biggest-ever IPO.Japan's top three telcos to exclude Huawei, ZTE network equipment: Kyodo12/10/2018 7:44:05 AM Japan's big three telecoms operators plan not to use network equipment from China's Huawei Technologies Co Ltd [HWT.UL] and ZTE Corp , Kyodo News reported on Monday.China says it has never heard of any country having security problem with Huawei12/10/2018 7:43:37 AM China's foreign ministry on Monday said it had never heard of any country having a security problem with Huawei Technologies Co Ltd [HWT.UL], after a top executive of the telecoms giant was arrested in Canada.Gilead Sciences snares Roche executive O'Day as CEO12/10/2018 7:03:46 AM Drugmaker Gilead Sciences Inc on Monday named Roche Holding AG executive Daniel O'Day as its new chief executive, tapping an industry veteran to fill a management vacuum.Standard Chartered cuts jobs in UAE retail bank: sources12/10/2018 6:46:48 AM Standard Chartered is cutting jobs in its retail bank in the United Arab Emirates, in part as more customers move to digital services, people familiar with the matter told Reuters.Global stocks extend slump as growth worries mount12/10/2018 6:45:27 AM Losses in global stock markets snowballed on Monday, with U.S. equity futures and Asian shares sliding on worries over slowing growth and fears that a rise in tensions between Washington and Beijing could torpedo chances of a trade deal.Huawei CFO seeks bail on health concerns; Canada wants her in jail12/10/2018 3:04:35 AM The CFO of China's Huawei Technologies Co Ltd [HWT.UL] argued that she should be released on bail while awaiting an extradition hearing, citing her longstanding ties to Canada, properties she owns in Vancouver and fears for her health while incarcerated, court documents showed on Sunday.Alibaba takes control of film group in $160 million share purchase12/10/2018 1:26:09 AM Alibaba Group Holding Ltd said on Monday it will increase its stake in Hong Kong-listed Alibaba Pictures to 51 percent, taking control of the film unit's board.Nissan seeks to block Ghosn's access to apartment in Rio12/10/2018 12:17:53 AM Nissan said it was seeking to block former chairman Carlos Ghosn's access to an apartment in Rio de Janeiro, citing a risk that the executive, arrested and removed from his role for financial misconduct, may remove or destroy evidence.Hong Kong on track for global IPO crown but many new listings sag12/9/2018 11:38:08 PM Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst performance among leading bourses, data show.Huawei CFO seeks bail, cites health fears behind bars: court documents12/9/2018 11:32:47 PM A top executive of China's Huawei Technologies Co Ltd [HWT.UL] argued that she should be let out on bail while awaiting an extradition hearing due to severe hypertension and fears for her health while incarcerated in Canada, court documents released on Sunday showed.Red-hot U.S. jobs market drives some to seek cooler options12/9/2018 4:19:56 PM When Sean Luangrath joined Pocatello, Idaho-based Inergy Solar a few years ago, the plan was to move the portable solar battery maker to his home base of Salt Lake City so he could build it with easy access to Silicon Slopes' tech talent and venture capital.Volkswagen denies allegations chairman knew early about emissions cheating: report12/9/2018 2:21:30 PM Volkswagen has denied allegations that Chairman Hans Dieter Poetsch knew about the carmaker's emissions test cheating almost three months before U.S. authorities made it public in September 2015.China urges Canada to free Huawei CFO or face consequences12/9/2018 5:35:55 AM China warned Canada on Saturday that there would be severe consequences if it did not immediately release Huawei Technologies Co Ltd's [HWT.UL] chief financial officer, calling the case "extremely nasty".Exclusive: Odebrecht Peru agrees to plea deal with Peruvian authorities over bribery scandal - sources12/8/2018 10:46:54 PM Brazilian builder Odebrecht’s Peruvian unit has signed a deal with Peruvian authorities to pay a multimillion dollar fine that will allow it to continue operating in the country in return for providing evidence about officials it bribed, three sources related to the matter told Reuters on Saturday.Uber makes confidential filing for long-awaited IPO12/8/2018 10:07:51 PM Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter, taking a step closer to a key milestone for one of the most closely watched and controversial companies in Silicon Valley.