Citigroup, BNP caught up in U.S. case against Huawei CFO: documents
NEW YORK (Reuters) - U.S.-based Citigroup
and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China's Huawei Technologies, according to newly available documents.
Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources
HONG KONG/NEW YORK (Reuters) - China's biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.
Trump says he had to 'take China on,' regardless of short-term impact on U.S. economy
WASHINGTON (Reuters) - U.S. President Donald Trump said on Tuesday he had to confront China over trade even if it caused short-term harm to the U.S. economy because Beijing had been cheating Washington for decades.
Japan, U.S. ministers meet for trade talks as hopes for early deal fade
TOKYO (Reuters) - Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September are fading as both sides fail to make concessions on agriculture and automobiles, sources say.
Caution grips Asian shares as Fed events loom large
SYDNEY (Reuters) - Asian shares flatlined on Wednesday as worries about global recession and endless trade wars wrestled with hopes for more monetary and fiscal stimulus to keep growth going.
Goldman moves to take majority control of China joint venture
HONG KONG (Reuters) - Goldman Sachs
has applied for majority control of its Chinese joint venture, the bank confirmed on Wednesday, the latest international bank to do so ahead of Chinese plans to eventually allow foreigners full control.
DHL stops deliveries for Amazon Fresh in Germany
BERLIN (Reuters) - Deutsche Post DHL
will no longer deliver fresh food in Germany for Amazon as demand for the service launched in 2017 has been disappointing, a spokeswoman said on Wednesday.
Trump looking at possible tax cuts amid economic jitters
WASHINGTON (Reuters) - President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world's top economy could be heading for a recession.
Exclusive: Philips, under investigation in U.S. and Brazil, fired whistleblower who warned of graft
SAO PAULO, August 21 (Reuters) - Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an alleged bribery racket was exposed in the company's Brazil operations last year, Reuters has learned.
'You prepare for war': how one U.S. firm tried escaping Trump's China tariffs
HONG KONG (Reuters) - When Larry Sloven heard last year that U.S. tariffs threatened his China electronics business, he knew that setting up shop elsewhere would be a slog rather than an adventure.