Business News

Trump’s comments on China’s ZTE draw security concerns

WASHINGTON (Reuters) – President Donald Trump’s pledge to help China’s ZTE Corp “get back into business, fast” and save Chinese jobs after a U.S. ban crippled the technology company drew condemnation from some lawmakers on Monday over trade and security concerns. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. REUTERS/Stringer “I hope this isn’t the be...

14 May 6:44 PM 0 Read More...

Trump's comments on China's ZTE draw security concerns

WASHINGTON (Reuters) - President Donald Trump’s pledge to help China’s ZTE Corp “get back into business, fast” and save Chinese jobs after a U.S. ban crippled the technology company drew condemnation from some lawmakers on Monday over trade and security concerns. FILE PHOTO: The logo of ZTE Corp is seen on its building in Beijing, China April 19, 2018. REUTERS/Stringer “I hope this isn’t the beginning o...

14 May 2:54 PM 0 Read More...

Wall Street climbs on easing U.S.-China trade tensions

(Reuters) - Wall Street indexes rose on Monday, helped by gains in technology stocks after President Donald Trump softened his stance on Chinese technology company ZTE Corp, signaling easing U.S.-China trade tensions. FILE PHOTO: Traders and guests gather for the IPO of PermRock Royalty Trust on the floor of the New York Stock Exchange (NYSE) in New York, U.S., May 2, 2018. REUTERS/Brendan McDermidTrump on Sunday pl...

14 May 2:54 PM 0 Read More...

NAFTA math may not add up to more U.S. auto jobs

DETROIT (Reuters) - Trump administration demands in NAFTA trade negotiations meant to push auto jobs back to the United States may not be enough to spark a shift in where automakers build cars and trucks. FILE PHOTO - Ford and Lincoln vehicles are parked outside the Oakville Assembly Plant in Oakville, Ontario, Canada, November 6, 2016. REUTERS/Chris Helgren/File PhotoNew math to determine what qualifies as vehicle ...

14 May 9:49 AM 0 Read More...

World stocks head higher on hopes of thawing trade tensions

LONDON (Reuters) - Prospects of a thaw in U.S.-China trade tensions supported global stocks on Monday, as U.S. President Donald Trump pledged to help ZTE Corp “get back into business, fast” after a U.S. ban crippled the Chinese technology company, while oil prices retreated from highs. A man looks at an electronic stock quotation board outside a brokerage in Tokyo, Japan February 9, 2018. REUTERS/Toru HanaiTrump...

14 May 9:49 AM 0 Read More...

China says will work with U.S. for positive outcome in trade talks

BEIJING (Reuters) - China said on Monday it is willing to work with the United States for a positive outcome in trade negotiations this week. Chinese Vice Premier Liu He attends the news conference following the closing session of the National People's Congress (NPC), at the Great Hall of the People in Beijing, China March 20, 2018. REUTERS/Jason Lee Foreign Ministry spokesman Lu Kang made the comment at a regular b...

14 May 9:49 AM 0 Read More...

Xerox says it is ending Fujifilm deal, settles with Icahn, Deason

NEW YORK (Reuters) - Xerox Corp (XRX.N) said on Sunday it was ending a planned $6.1 billion deal with Fujifilm Holdings Corp (4901.T) and had reached a settlement with activist investors Carl Icahn and Darwin Deason. FILE PHOTO: The logo of Xerox company is seen on a building in Minsk, Belarus, March 21, 2016. REUTERS/Vasily Fedosenko/File PhotoThe company said Chief Executive Officer Jeff Jacobson had resigned and ...

13 May 11:41 PM 0 Read More...

Cadence agrees to buy State Bank in $1.4 billion all-stock deal

(Reuters) - Cadence Bancorp (CADE.N) said on Sunday it had agreed to buy State Bank Financial Corp (STBZ.O) in an all-stock deal valued at about $1.4 billion, signaling a potential rise in regional bank consolidation in the United States. A logo and ticker info for Cadence Bancorp, LLC is displayed on a screen during the company's IPO, on the floor of the New York Stock Exchange (NYSE) in New York, U.S., April 13, 2...

13 May 11:41 PM 0 Read More...

Conoco has seized Venezuela PDVSA products from Isla refinery: Curacao

(Reuters) - U.S. oil major ConocoPhillips (COP.N) has seized products belonging to Venezuelan state oil company PDVSA [PDVSA.UL] from the Isla refinery it runs on Curacao, an island official told Reuters on Sunday. A general view shows the Isla refinery in Willemstad on the island of Curacao, April 22, 2018. REUTERS/Andres Martinez Casares“PDVSA products from the installations of the Isla refinery have been confisc...

13 May 6:39 PM 0 Read More...

Ryanair target Laudamotion dumps Zurich flights due to plane shortage

ZURICH (Reuters) - Laudamotion, the successor airline to the bankrupt Niki carrier in which Ryanair (RYA.I) aims to take a majority stake, dropped six routes from Zurich from its summer schedule after failing to secure enough planes, a spokeswoman said on Sunday. A Laudamotion Airbus A320 plane is seen at the airport in Vienna, Austria, March 20, 2018. REUTERS/Leonhard Foeger The Austrian carrier’s flights would ...

13 May 6:39 PM 0 Read More...