Latest news from Channelnewsasia.com - Business feed

Latest news from Channelnewsasia.com - Business feed

  1. General Motors reaches deal with Argentine port operator to import cars

    A unit of General Motors Co has reached a deal with port operator Terminal Puerto Rosario to import cars to Argentina, moving the U.S. automaker a step closer to exporting from its nearby plant, the company said in a statement on…
  2. US launches anti-dumping probe against Chinese aluminium foil

    The United States launched an anti-dumping investigation against imports of Chinese aluminium foil on Tuesday, the latest in a series of cases against the country that could result in the imposition of punitive…
  3. BlackRock cuts fees and jobs; stockpicking goes high-tech

    BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the…
  4. BlackRock cuts fees, jobs; stockpicking goes high-tech

    BlackRock Inc on Tuesday said it would overhaul its actively managed equities business, cutting jobs, dropping fees and relying more on computers to pick stocks in a move that highlights how difficult it has become for humans to beat the…
  5. Depomed names new CEO, directors in deal with activist Starboard

    Depomed Inc reached a deal with activist investor Starboard Value LP to name a new chief executive officer and two other directors to its…
  6. BlackRock plans major changes to its active stockpicking business

    BlackRock Inc on Tuesday said it would dramatically recast a portion of its fund management operations, conceding that the business of picking stocks has grown increasingly…
  7. Wells Fargo to pay US$110 million to settle lawsuit over account abuses

    Wells Fargo & Co said it agreed in principle to pay US$110 million to settle a lawsuit by customers challenging its opening of accounts without their permission, a practice that led to a scandal that cost the bank's chief executive his…
  8. China telecom firm ZTE removed from US trade blacklist

    The U.S. Department of Commerce will remove Chinese telecommunications equipment maker ZTE Corp from a trade blacklist on Wednesday after the company pleaded guilty to violating sanctions on Iran and agreed to pay nearly US$900 million, the agency said in a…
  9. Possible Westinghouse bankruptcy a potential security concern: US official

    The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for President Donald Trump's administration and a potential national security issue, an administration official told Reuters on…
  10. US stocks end higher on consumer data, higher oil

    Wall Street stocks scored solid gains on Tuesday, and snapped an eight-day losing streak for the Dow, as higher oil prices and a record reading on US consumer confidence boosted…
  11. Westinghouse a 'concern' for US and potential national security: US official

    The possible bankruptcy of U.S. nuclear developer Westinghouse Electric Co is a "concern" for the Trump administration and is a potential national security issue, an official of the U.S. administration told Reuters on…
  12. MoneyGram bidder Euronet ramps up fight to stop Chinese rival's bid

    Euronet Worldwide Inc ramped up its fight against China's Ant Financial Services Group in trying to acquire MoneyGram International Inc , urging the U.S. government to closely scrutinize the rival Chinese bid saying it raises "significant national security…
  13. US Fed's Fischer worried by possible rise of protectionism

    Federal Reserve Vice President Stanley Fischer said on Tuesday he would be worried by any return to protectionism in the global…
  14. Uber diversity report shows shortage of women, minorities

    Uber Technologies Inc released its first diversity report on Tuesday, showing that women and non-white employees are underrepresented at the ride-services company - just as they are at many other technology…
  15. Uber discloses workforce diversity numbers

    Uber Technologies Inc disclosed workforce diversity numbers for the first time on Tuesday, as the ride hailing services company looks to repair its tarnished image following a series of embarrassing…
  16. Exclusive: ECB replaces Brussels head, annuls four hires after rule breach

    The European Central Bank has replaced the head of its Brussels office and annulled four more appointments after staff complaints about unlawful hirings and promotions, internal documents seen by Reuters…
  17. Tesco handed £214m penalties on false accounting

    Supermarket Tesco has agreed to a fine and compensation costs totalling £214 million (US$268 million) after an accounting scandal at Britain's biggest retailer, the Serious Fraud Office said on …
  18. Hong Kong ends Brazil meat ban

    Major beef market Hong Kong Tuesday ended a blanket ban imposed on Brazilian meat imports in a scandal over tainted products, Brazil's government…
  19. Ford announces US$1.2b investment in US auto plants

    Ford announced on Tuesday that it will invest US$1.2 billion in three Michigan plants, most of which is part of a 2015 deal with its…
  20. SEC denies a 2nd application to list a Bitcoin product

    The U.S. Securities and Exchange Commission on Tuesday denied for the second time in less than three weeks a request to bring to market a first-of-its-kind product tracking bitcoin, the digital…