US, China spar at WTO

The United States and China clashed anew at the World Trade Organization on Wednesday, accusing each other of undermining the multilateral trading system, according to texts of speeches at closed-door talks seen by Reuters.
19 December 2018, 18:00 PM

BP launches $3b sale of US onshore assets to fund BHP deal

Britain's BP has launched the sale of US oil and gas onshore assets that could raise more than $3 billion to help pay for other fields in the United States it bought in October from BHP.
19 December 2018, 18:00 PM

German govt plans to relax rules to attract foreign workers

Worker-starved Germany plans to ease immigration rules to attract foreign jobseekers and replenish its fast ageing workforce, despite mounting public resistance against new arrivals.
19 December 2018, 18:00 PM

GSK, Pfizer to merge consumer healthcare units

Pharmaceutical giants GlaxoSmithKline and Pfizer on Wednesday announced a merger of their consumer healthcare units that produce over-the-counter medicines.
19 December 2018, 18:00 PM

J&J says Indian drug regulators visited facilities, took talc samples

Indian drug authorities visited some of Johnson & Johnson's facilities on Wednesday and took “tests and samples” of its talcum powder, the company said in a statement.
19 December 2018, 18:00 PM

With eye on China, Germany toughens rules for foreign buyouts

Germany was Wednesday set to toughen rules on non-EU share purchases and acquisitions of its strategic companies, amid growing disquiet about takeovers by Chinese firms.
19 December 2018, 18:00 PM

Twitter dips on hacking concerns

Twitter Inc shares fell almost 7 percent on Monday after the company said it was investigating unusual traffic that might be from state-sponsored hackers and, in what appeared to be an unrelated issue, a security firm said hackers used the platform to try to steal user data.
18 December 2018, 18:00 PM

Japan cuts GDP, CPI forecasts

Japan's government revised down its forecasts for economic growth and consumer prices for the current and next fiscal years as natural disasters and weakening export demand weighed on the economy, the Cabinet Office said on Tuesday.
18 December 2018, 18:00 PM

British companies in China optimistic despite Brexit

British companies in China believe that the UK's exit from the European Union could boost business in the Asian giant, according to a survey published Tuesday.
18 December 2018, 18:00 PM

Growth fears grip markets ahead of Fed meeting

World stock markets, the U.S. dollar and oil prices tumbled on Tuesday as fears about a slowing global economy gripped investors, just as the U.S. Federal Reserve looks set this week to deliver its fourth interest rate hike of the year.
18 December 2018, 18:00 PM

Huawei to spend $2b over five years in cybersecurity push

Huawei Technologies on Tuesday said it would spend $2 billion over the next 5 years to focus on cybersecurity by adding more people and upgrading lab facilities, as it battles global concerns about risks associated with its network gear.
18 December 2018, 18:00 PM

IMF says trade war already hurting Asia, may cut global growth forecasts

Trade frictions between China and the United States are already affecting business confidence and investment in Asia, a senior International Monetary Fund official said, warning that the fund could further cut its global growth forecasts in January.
17 December 2018, 18:00 PM

German union calls strike at Amazon warehouses

German trade union Verdi called on workers at two Amazon logistic centers to strike on Monday, part of a long-running campaign for better pay and conditions.
17 December 2018, 18:00 PM

Govt meddling in RBI could dent stability: S&P

The increasing involvement of the Indian government in the affairs of the country's central bank is a negative for the ratings of giant Asian economy's banking system, S&P Global said on Monday.
17 December 2018, 18:00 PM

Nissan meets to replace Ghosn, as tensions grow

The board of automaker Nissan was meeting Monday to discuss a replacement for former chairman Carlos Ghosn after his arrest for financial misconduct, as tensions grow in the firm's alliance with Renault.
17 December 2018, 18:00 PM

BOJ to warn of rising growth risks, policy seen steady

As the risks to the global economy rises, the Bank of Japan is expected to join a chorus of warnings from other policy-makers of the threat to growth from protectionism and signal its resolve to keep the money spigot open.
17 December 2018, 18:00 PM

Malaysia files criminal charges against Goldman, ex-bankers in 1MDB probe

Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank's former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB.
17 December 2018, 18:00 PM

Thyssenkrupp steel boss Goss to lead joint venture with Tata Steel

Germany's Thyssenkrupp and India's Tata Steel on Monday named the top management of their planned European joint venture, ending months of uncertainty over who will join the entity's leadership.
17 December 2018, 18:00 PM

Ten years on, Fed's long, strange, trip to zero redefined central banking

Whatever the acronym, when the US Federal Reserve dropped its policy rate to near zero on Dec. 16, 2008, to counter a full-scale economic crisis, it ushered in what the central bank's chairman at the time, Ben Bernanke, called “the end of the old regime.”
17 December 2018, 18:00 PM

Hitachi to buy majority stake in ABB's power grid arm for $6.4b

Japan's Hitachi on Monday announced plans to buy a majority stake in the power grid business of Swiss-Swedish engineering giant ABB for $6.4 billion, in what would be its biggest ever buyout.
17 December 2018, 18:00 PM