Reuters: Business News
Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings
Sat, 23 Jun 2018 04:34:35 -0400
HONG KONG (Reuters) - Chinese smartphone maker Xiaomi Corp said on Saturday there is no time frame for a mainland share offering, casting doubt on Beijing's efforts to lure foreign-listed Chinese tech giants back home.
Trump greets EU trade reprisals with threat of steep auto tariff
Fri, 22 Jun 2018 18:12:57 -0400
WASHINGTON (Reuters) - President Donald Trump on Friday threatened to escalate a trade war with Europe by imposing a 20 percent tariff on all U.S. imports of European Union-assembled cars.
Harley says EU duties could prompt price hikes
Fri, 22 Jun 2018 16:01:52 -0400
FRANKFURT (Reuters) - Harley-Davidson Inc could be forced to raise prices in Europe due to EU tariffs on U.S. goods, hitting buyers of new motorcycle models when they are shipped to dealers later in the year, the head of its central European business said.
China's ZTE expected to take last step to lift ban: U.S. official
Fri, 22 Jun 2018 20:26:17 -0400
(Reuters) - ZTE Corp is expected to deposit $400 million in an escrow account in a U.S. bank in the "next couple of days," the last step the Chinese company must take before a ban on U.S. suppliers can be lifted, a U.S. Department of Commerce official told Reuters on Friday.
Wall Street Week Ahead: Supercharged telecom sector could become investor favorite
Fri, 22 Jun 2018 20:35:00 -0400
SAN FRANCISCO (Reuters) - An overhauled telecommunications sector featuring most of the so-called FANG stocks could debut as Wall Street's hottest bet when it kicks off in September, boosted by a rising wave of media and television acquisitions.
OPEC agrees modest hike in oil supply after Saudi and Iran compromise
Fri, 22 Jun 2018 16:35:53 -0400
VIENNA (Reuters) - OPEC agreed on Friday on a modest increase in oil production from next month after its leader Saudi Arabia persuaded arch-rival Iran to cooperate, following calls from major consumers to curb rising fuel costs.
South Korean steelmaker POSCO names head of Posco Chemtech as candidate for next leader
Sat, 23 Jun 2018 04:03:35 -0400
SEOUL (Reuters) - South Korean steelmaker POSCO on Saturday selected Choi Jeong-woo, the head of affiliate Posco ChemTech, as its final candidate to lead the company.
Big Oil eyes U.S. minority groups to build offshore drilling support
Fri, 22 Jun 2018 13:34:00 -0400
WASHINGTON (Reuters) - The largest U.S. oil and gas lobby group is seeking to convince Hispanic and black communities to support the Trump administration's proposed expansion of offshore drilling, arguing it would create high paying jobs, including for storm-displaced Puerto Ricans.
Bitcoin falls to four-month low in persistent bearish trend
Fri, 22 Jun 2018 15:18:31 -0400
NEW YORK (Reuters) - Bitcoin dropped to a more than four-month low on Friday, continuing a downtrend after more negative headlines such as Japan's financial regulator ordering six digital currency exchanges to make improvements on their anti-money laundering systems.
VW may seek damages from ex-CEO Winterkorn over dieselgate
Fri, 22 Jun 2018 14:33:46 -0400
FRANKFURT (Reuters) - Volkswagen is reviewing whether to seek damages from former Chief Executive Martin Winterkorn, who was at the helm when it emerged the carmaker had cheated on emissions tests, supervisory board member Stephan Weil told a newspaper.
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