Category Archives: News

U.S. Supreme Court backs American Express in merchant fee dispute

WASHINGTON (Reuters) – The U.S. Supreme Court on Monday sided with American Express Co , ruling that the company’s policy of forbidding merchants from encouraging

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UK ministers tell companies to stop Brexit warnings

LONDON (Reuters) – A British minister accused Airbus and other major companies of issuing “completely inappropriate” threats and undermining Prime Minister Theresa May in a

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Xiaomi puts indefinite delay on CDRs in blow to China's plans for tech listings

HONG KONG (Reuters) – Chinese smartphone maker Xiaomi Corp said on Saturday there is no time frame for a mainland share offering, casting doubt on

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OPEC agrees modest hike in oil supply after Iran softens stance

VIENNA (Reuters) – OPEC agreed on Friday on a modest increase in oil production from July after its leader Saudi Arabia persuaded arch-rival Iran to

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Trade pressures deepen as Daimler warns on sales

BRUSSELS/FRANKFURT (Reuters) – Mercedes-Benz maker Daimler shocked investors on Thursday with a warning that trade tensions would hit sales, while fears of a “tit-for-tat” trade

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OxyContin maker Purdue Pharma cuts remaining sales force

(Reuters) – OxyContin maker Purdue Pharma LP, facing a wave of lawsuits blaming it for helping fuel the U.S. opioid epidemic, said on Wednesday it

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Wall Street set to slide as China-U.S. trade spat escalates

(Reuters) – Wall Street was set to open sharply lower on Tuesday as President Donald Trump’s latest threat to impose duties on additional Chinese goods

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Head of VW's Audi arrested in Germany over diesel scandal

FRANKFURT (Reuters) – German authorities arrested the head of Volkswagen’s luxury arm Audi on Monday, the most senior company official so far to be detained

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GE should be fined if French job pledges not met: France

PARIS (Reuters) – U.S. company General Electric should be fined if it does not create as many jobs at Alstom as agreed when it purchased

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Siemens wins $2 billion contract to build new London Tube trains

LONDON (Reuters) – A division of Germany’s Siemens has been awarded a contract worth about 1.5 billion pounds ($2 billion) to design and build 94

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