January 4, 2019

Celgene, Bristol-Myers set $2.2 billion termination fee for their mega deal

Celgene Corp and Bristol-Myers Squibb Co will have to pay $2.2 billion if either of the drugmakers walks away from their $74 billion merger announced on […]
January 4, 2019

Oil rises to $57 on China-U.S. trade talks, OPEC cuts

Oil rose to around $57 a barrel on Friday after China said it would hold trade talks with the United States and a survey showed China’s […]
January 4, 2019

Audits reveal Deutsche Bank’s links to tax trade scandal

There are “lots of indications” that some managers discussed “the reputational risks” of Deutsche Bank’s involvement in a share-trading scheme that is the subject of Germany’s […]
January 4, 2019

China slashes banks’ reserve requirements again as economy slows

China’s central bank said on Friday it was cutting the amount of cash that banks must hold as reserves for the fifth time in the past […]
January 4, 2019

U.S. job growth likely picked up in December

U.S. job growth likely picked up in December with wages expected to have increased solidly, which could help to allay a recent upsurge in fears about […]
January 4, 2019

Tesla to start delivering Model 3 to China buyers in March

Tesla Inc said on Friday it plans to start delivering Model 3 cars to customers in China in March, cementing a time frame that the U.S. […]
January 4, 2019

Oil edges higher on upcoming China-U.S. trade talks, OPEC cuts

Oil prices edged up on Friday, shaking off previous losses after China said it would hold talks with the U.S. government on Jan. 7-8 to look […]
January 4, 2019

Sino-U.S. trade talks a tonic as markets wager on Fed rate cut

Asian shares found a crumb of comfort on Friday as Beijing announced a new round of trade talks with Washington, though recession fears still had markets […]
January 4, 2019

Chinese phone maker Huawei punishes employees for iPhone tweet blunder

China’s Huawei Technologies [HWT.UL] has punished two employees for New Year greetings sent on the smartphone maker’s official Twitter account using an iPhone, an internal memo […]
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