June 24, 2019

China says both U.S., China should make compromises in trade talks

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated […]
June 24, 2019

Bristol to divest Celgene’s psoriasis treatment in FTC clearance push

Bristol-Myers Squibb Co said on Monday it would divest Celgene Corp’s psoriasis treatment Otezla as the companies look to gain approval for their $74 billion deal […]
June 24, 2019

Daimler slumps as diesel costs wipe out profit growth

Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it […]
June 24, 2019

Lufthansa announces turnaround plan for budget unit Eurowings

German carrier Lufthansa announced a turnaround plan for Eurowings on Monday, saying its budget unit would in future focus on short-haul flights and seek a 15% […]
June 24, 2019

FedEx apologizes for returning Huawei phone, reigniting Chinese ire

FedEx Corp has apologized for returning a package which the sender said contained a Huawei smartphone, blaming an “operational error” as it works to comply with […]
June 24, 2019

Bitcoin pulls back from 18-month highs after 10% weekend jump

Bitcoin pulled back from 18-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the […]
June 24, 2019

Scandal-hit Nomura wins shareholder approval for re-appointment of CEO

Japan’s Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and […]
June 24, 2019

U.S. regulators ask Deutsche Bank to explain ‘bad bank’ proposal: FT

U.S. regulators have sought explanation from Deutsche Bank AG about its “bad bank” proposal and its impact on U.S. operations at the loss-making German lender, the […]
June 24, 2019

Asian stocks tick up, oil rises amid U.S.-Iran tensions

Asian shares edged up on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations, while oil prices firmed on […]
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