November 6, 2018

Exclusive: Chinese upstart Luckin Coffee seeks funds to double valuation to $2 billion – sources

Luckin Coffee, an up-and-coming coffee chain with ambitions to challenge Starbucks Corp in China, is targeting a valuation of $1.5 billion to $2 billion as it […]
November 6, 2018

Ford goes local in India, aims for bigger slice of competitive market

Ford Motor Co made a profit in India for the first time in a decade in the last fiscal year, signaling that a strategy conceived two […]
November 5, 2018

FCC demands companies take action to halt ‘robocalls’

Federal Communications Commission Chairman Ajit Pai on Monday wrote the chief executives of major telephone service providers and other companies, demanding they launch a system to […]
November 5, 2018

Amazon plans to split HQ2 evenly between two cities: WSJ

Amazon.com Inc is planning to split its second headquarters evenly between two locations rather than picking one city, the Wall Street Journal reported on Monday, citing […]
November 5, 2018

U.S. reimposes Iran sanctions, Tehran decries ‘bullying’

The United States on Monday restored sanctions targeting Iran’s oil, banking and transportation sectors and threatened more action to stop its “outlaw” policies, steps the Islamic […]
November 5, 2018

U.S. renews Iran sanctions, grants oil waivers to China, seven others

The United States snapped sanctions back in place on Monday to choke Iran’s oil and shipping industries, while temporarily allowing top customers such as China and […]
November 5, 2018

Eni to look at sanctions measures to see if it can use Iranian crudes

Italian oil major Eni will look at the Iran sanctions measures to see if it can use Iranian crudes to allow it greater flexibility in procuring […]
November 5, 2018

U.S. stocks edge higher ahead of midterms, Fed; dollar falls

Wall Street stock indexes mostly rose on Monday, the eve of U.S. midterm elections to determine whether President Donald Trump’s Republican party retains control of congress […]
November 5, 2018

Luxottica founder to propose Milleri as EssilorLuxottica CEO

Leonardo Del Vecchio plans to propose Luxottica Chief Executive Francesco Milleri as CEO of the new merged group EssilorLuxottica , a spokesman for the Luxottica founder […]
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