July 19, 2018

Billionaire James Packer quits 22 boards, deepens corporate withdrawal

Billionaire James Packer has resigned 22 Australian company directorships in the last few weeks and no longer holds any board seat in his home country, corporate […]
July 19, 2018

EU’s Moscovici warns of hit to markets if trade tensions escalate

A further escalation in trade policy tensions between the European Union and the United States would hit financial markets and hurt both sides, said European Commissioner […]
July 19, 2018

Trump says EU officials want to negotiate trade deal in Washington visit

U.S. President Donald Trump said on Wednesday that European leaders were coming to Washington next week to try to hammer out a deal focused largely on […]
July 19, 2018

Alibaba to buy minority stake in Focus Media to tap digital marketing

Chinese e-commerce giant Alibaba Group Holding Ltd on Wednesday said it has agreed to acquire a minority stake in China’s Focus Media Information Technology Co Ltd to tap […]
July 18, 2018

CITGO says CEO’s U.S. visa has been revoked

Citgo Petroleum Corp [PDVSAC.UL], the U.S. subsidiary of Venezuelan state-run oil company PDVSA [PDVSA.UL], said on Wednesday that the United States had revoked the visa of […]
July 18, 2018

FCC votes to refer Sinclair Tribune merger to administrative judge

The U.S. Federal Communications Commission said late on Wednesday it had voted unanimously to refer Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media Co […]
July 18, 2018

IBM gets boost from new businesses, tops estimates

International Business Machines Corp on Wednesday reported second-quarter profit and revenue that topped analysts’ expectations as it benefited from growth in higher-margin businesses including cybersecurity and […]
July 18, 2018

S&P 500 climbs to over five-month high on strong earnings

The S&P 500 rose to its highest in more than five months and the Dow climbed for a fifth session on Wednesday as solid earnings boosted […]
July 18, 2018

Alcoa cuts adjusted EBITDA forecast citing tariffs, shares slide

Aluminum producer Alcoa Corp lowered its forecast for adjusted earnings before interest, tax, depreciation and amortization (EBITDA) for 2018 on Wednesday, citing U.S. tariffs on imported […]
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