Alibaba will raise up to $12.9 billion in Hong Kong listing: sources
HONG KONG (Reuters) - Chinese e-commerce giant Alibaba
will raise up to $12.9 billion in its Hong Kong secondary listing, pricing its shares at a 2.8% discount to their last closing price in New York, two sources with direct knowledge of the matter said.
Uber, distracted backup driver cited by NTSB in fatal self-driving crash
WASHINGTON (Reuters) - A U.S. safety agency on Tuesday faulted Uber for inadequate attention to safety and decisions in the company's autonomous vehicle development in an investigation into the first-ever death involving a self-driving vehicle, which also cited the vehicle's distracted back-up driver.
Without a China trade deal, the U.S. will hike tariffs: Trump
WASHINGTON (Reuters) - The United States would raise tariffs on Chinese imports if no deal is reached with Beijing to end a trade war, U.S. President Donald Trump said on Tuesday, threatening an escalation of the spat that has damaged economic growth worldwide.
Asia shares trapped in a trade maze, oil nurses losses
SYDNEY (Reuters) - Asian shares stumbled on Wednesday as the Sino-U.S. trade talks produced nothing but a stream of conflicting messages, while concerns about a glut of supply left oil prices nursing their biggest one-day loss in seven weeks.
GM not liable for punitive damages in ignition switch cases: U.S. appeals court
NEW YORK (Reuters) - A federal appeals court said General Motors Co is not liable for punitive damages over accidents that occurred after its 2009 bankruptcy and involved vehicles it produced earlier, including vehicles with faulty ignition switches.
After meeting AFL-CIO, Pelosi says USMCA must be enforceable for workers to win passage
WASHINGTON (Reuters) - U.S. House of Representatives Speaker Nancy Pelosi on Tuesday conditioned her support for a new U.S.-Mexico-Canada trade deal on better enforcement of its labor provisions, defying pressure by the Trump administration to get the deal done quickly.
OxyContin maker Purdue Pharma to pay states' lawyers, urged to help victims
(Reuters) - OxyContin maker Purdue Pharma LP got court approval on Tuesday to reimburse millions of dollars in legal fees for states that back its proposed $10 billion settlement of opioid lawsuits, but with a condition meant to help victims of the addiction crisis.
Microsoft Teams surpasses 20 million daily active users; rival Slack shares slip
(Reuters) - Microsoft Corp
said on Tuesday its workplace messaging app, Teams, has more than 20 million daily active users, up from 13 million in July.
Sales of grounded Boeing 737 MAX gather pace at Dubai Airshow
DUBAI (Reuters) - Boeing Co
won fresh support for its grounded 737 MAX at the Dubai Airshow on Tuesday as airlines laid out plans to buy up to 50 of the jets worth $6 billion at list prices, a day after securing the first firm order since a safety ban in March.
Australia's Westpac slapped with 23 million money laundering breaches
SYDNEY (Reuters) - Regulators on Wednesday accused Australia's Westpac Banking Corp
of 23 million breaches of anti-money laundering laws, saying the bank ignored red flags and enabled payments from convicted child sex offenders and "high risk" countries for years.