July 3, 2019

Deutsche Bank restructuring to cost up to $5.6 billion: source

Deutsche Bank expects the cost of a major overhaul in the works to be up to 5 billion euros ($3.4-$5.6 billion), one person familiar with the […]
July 3, 2019

Asian shares weaken as trade optimism fades

Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional […]
July 3, 2019

Samsung Electronics’ second-quarter profit likely halved as Huawei woes worsen chip glut

Samsung Electronics is likely to say second-quarter profit more than halved when it reports preliminary earnings on Friday, data showed, as a drop in memory chip […]
July 3, 2019

U.S. government staff told to treat Huawei as blacklisted

A senior U.S. official told the Commerce Department’s enforcement staff this week that China’s Huawei should still be treated as blacklisted, days after U.S. President Donald […]
July 3, 2019

EU leaders choose France’s Lagarde for ECB after marathon summit

European Union leaders agreed on Tuesday to name France’s Christine Lagarde as the new head of the European Central Bank and sealed a deal on filling […]
July 3, 2019

Eva Air cancels hundreds more flights as cabin crew strike drags on

Taiwan’s Eva Airways has canceled 550 more flights scheduled through mid-July as a cabin crew strike entered its 14th day, after latest negotiations on work conditions […]
July 3, 2019

Oil prices steady on extended supply cuts, U.S. stocks draw

Oil prices edged higher on Wednesday after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies despite concerns […]
July 3, 2019

U.S. government staff told treat Huawei as blacklisted: email

A senior U.S. official this week told the Commerce Department’s enforcement staff that China’s Huawei should still be treated as blacklisted, days after U.S. President Donald […]
July 3, 2019

Lee Iacocca, auto executive who saved Chrysler from bankruptcy, dies at 94

Lee Iacocca, the charismatic U.S. auto industry executive who gave America the Ford Mustang and was celebrated for saving Chrysler from going out of business, has […]
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