January 10, 2019

At China port, tariff drop a salve for hard-hit traders of American cars

In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling […]
January 10, 2019

Nike’s Dutch tax status investigated by EU Commission

The European Commission has opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear […]
January 10, 2019

Sen. Sanders, Rep. Cummings to introduce bill to lower U.S. drug prices

U.S. Senator Bernie Sanders and Representative Elijah Cummings plan to introduce legislation on Thursday aimed at lowering the cost of prescription drugs for U.S. consumers. Powered […]
January 10, 2019

AXA moves international risk to Ireland from UK ahead of Brexit

French insurer AXA said it will handle its international risk and reinsurance trough an Irish unit in light of Britain’s plans to leave the European Union. […]
January 10, 2019

Volkswagen sells record 6.24 million VW vehicles in 2018

Volkswagen sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue […]
January 10, 2019

Ford Europe to slash thousands of jobs in turnaround plan

Ford said on Thursday it will cut thousands of jobs, exit unprofitable markets and discontinue loss-making vehicle lines as part of a turnaround effort aimed at […]
January 10, 2019

Most Asia shares inch up as signals on trade talks awaited

Asian shares edged up on Thursday on a weaker dollar and hopes of more economic stimulus in China, but many stocks seesawed as markets awaited some […]
January 10, 2019

Jaguar Land Rover to cut thousands of UK jobs after China, diesel slump: source

Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to announce “substantial” job cuts in the thousands, a source told Reuters, as the company faces double-digit […]
January 10, 2019

China says trade talks with U.S. made progress on forced tech transfers, IP rights

China and the United States made progress during their recent trade talks over structural issues such as forced technology transfers and intellectual property rights, China’s commerce […]
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