(Reuters) – Wall Street fell more than 1% and the benchmark S&P 500 hit a near one-month low on Tuesday, as comments from President Donald Trump and Commerce Secretary Wilbur Ross stoked fears of a significant delay in resolving a trade dispute with China. Speaking to reporters in London where Trump was attending a meeting […]
(Reuters) – Consumer goods giant Unilever Plc (ULVR.L) on Tuesday appointed Conny Braams to the new post of chief digital and marketing officer, expanding the scope of a role previously held by advertising industry veteran Keith Weed. Weed retired in May after leading Unilever’s marketing and communications department for nearly a decade, managing the world’s […]
(Reuters) – Chinese e-commerce giant Alibaba said on Tuesday it has raised an additional HK$13.17 billion ($1.68 billion) by exercising the over-allotment option in its Hong Kong secondary listing. The company said in a filing to the Hong Kong stock exchange it has received approval for the listing of 75 million over-allotment shares at HK$176 […]
(Reuters) – Cyber Monday sales were on course to bring in a record $9.2 billion, according to evening estimates, building on a bumper Black Friday weekend for U.S. retailers driven by earlier-than-usual promotions and free shipping. Shoppers have already had nearly a month of offers and deals as retailers look to draw out their vital […]
BRASILIA (Reuters) – U.S. President Donald Trump’s surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro’s aim of forging closer ties with Washington and could push Latin America’s No. 1 economy closer to Trump’s top trade foe – China. Earlier on Monday, Trump said he will impose tariffs on […]
FRANKFURT (Reuters) – Airbus (AIR.PA) has dismissed 16 employees without notice in relation to an investigation into the potential misuse of client documents, a spokesman for the group said on Sunday, confirming a newspaper report. Munich prosecutors launched the investigation in September after the company notified the authorities about potential irregularities involving the documents, which […]
(Reuters) – The U.S. government may still seek to take control of the United Auto Workers Union (UAW) once its investigators determine the depths of corruption in the union, U.S. Attorney Matthew Schneider said in an interview with Detroit News on Sunday. U.S. prosecutors are currently investigating former members of the union in connection with […]
YOKOHAMA (Reuters) – Nissan Motor Co (7201.T) chief executive Makoto Uchida said on Monday that he would work to improve the automaker’s financial performance and co-operate closely with alliance partner Renault SA (RENA.PA), while maintaining Nissan’s independence. Uchida became CEO of Nissan on Dec. 1, as Japan’s No. 2 car maker tries to recover from […]
BEIJING (Reuters) – China’s factory activity unexpectedly expanded at the quickest pace in almost three years in November, with solid increases in output and new orders, a private business survey showed on Monday. But business confidence slipped and companies were reluctant to replenish their inventories, worried about the uncertain outlook for demand and the prolonged […]
Senator Elizabeth Warren’s plan to tax the assets of America’s wealthiest individuals continues to draw broad support from voters, across party, gender and educational lines. Only one slice of the electorate opposes it staunchly: Republican men with college degrees. Not surprisingly, that is also the profile of many who’d be hit by Ms. Warren’s so-called […]