Whiskey sour? China importers fret over U.S. trade battle When spirits dealer Daniel Taytslin brought his first pallet of American Ragtime Rye whiskey into Shanghai in early April, the 672 bottles faced a 5 percent import tariff at China’s customs His next shipment from New York could be a lot […]
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Australia says banking executives responsible for misconduct could face jail Australian Treasurer Scott Morrison warned that financial sector executives responsible for widespread breaches of corporate law could face jail, as a powerful judicial inquiry heard more evidence of misconduct by the country’s top financial institutions. Morrison’s comments on Wednesday were […]
Walmart’s Website Is Getting a Major Makeover Walmart (WMT, +0.95%) may be a mass merchandise store but it doesn’t want its website looking like one. The company on Tuesday unveiled a redesign of Walmart.com coming in early May that features more sophisticated fonts and photography and more information and suggestions […]
China March refinery runs hit record; crude output near multi-year low Chinese refineries processed a record of more than 12.1 million barrels per day (bpd) of crude oil in March, boosted by ample government import quotas and steady margins. The world’s second-largest oil user processed 51.51 million tonnes of crude […]
China’s property investment fastest in three-years, land shortage supports values China posted its fastest property investment growth in three years in the first quarter, driven by a surge in land values and as developers grew more confident about the policy outlook, however, sales slowed as existing curbs hit transactions. Property […]
Factbox: U.S. bans sales to major Chinese telco equipment vendor ZTE The United States has banned American firms from selling parts to China’s ZTE Corp for seven years, a potentially devastating move for the telecoms equipment maker and exacerbating tensions between the world’s two largest economies. TOP SHAREHOLDER ZTE, China’s […]
Sterling and metals shine brightest as risk appetite returns A gradual return of risk appetite lifted world shares on Tuesday, while there were milestones aplenty as sterling hit a post-Brexit high and U.S. sanctions on Russia drove aluminum prices to a 7-year peak. Chinese data that provided a bit of […]
Nestle, retailers nearing compromise in price row: source Swiss food group Nestle (NESN.S) and retailers including German grocer Edeka are approaching a compromise in their months-long price fight but the outcome of talks remains open, a source close to the negotiations said on Tuesday. Edeka, Germany’s largest supermarket group, had […]
Airlines must compensate for delays during wildcat strikes: EU court Airlines have to pay compensation to passengers for delays caused by wildcat strikes that result from management decisions, the European Union’s top court said on Tuesday. Several cases were brought to the EU’s Court of Justice after German airline TUIfly […]
Guggenheim says it is cooperating with SEC investigation Guggenheim Partners on Sunday said it was “cooperating fully” with an investigation of its asset management subsidiary that is being conducted by the U.S. Securities and Exchange Commission. “We are cooperating fully with the SEC’s investigation of our subsidiary,” the statement read, […]
