Trump tax cut caution, ECB meeting cools risk rally A record-setting rally in world stocks ran out of steam on Thursday, with unconvincing U.S. tax cut plans cooling investors' spirits and caution setting in as the European Central Bank met. Europe's main bourses were as much as 0.7 percent lower […]
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Investors eye Elliott's Plan B as BHP shake-up push falters Two weeks after Elliott Management's surprise assault on BHP Billiton, the fund manager's three-point demand for change is gaining little traction with investors, prompting expectations a second strike is imminent. While Elliott is struggling to push through a $46 billion […]
Shares in Japan's Takata suspended after report on bankruptcy plan Trading in Takata Corp shares was suspended on Thursday after a report that the Japanese airbag maker at the heart of the car industry's biggest-ever recall is considering a bankruptcy plan that will create a new company and ringfence its […]
Vietnam says Facebook commits to preventing offensive content Vietnam's government said Facebook has committed to work with it to prevent content that violates the country's laws from appearing on its platform. In February, communist Vietnam complained about "toxic" anti-government and offensive content on Facebook and Google Inc.'s YouTube and pressured […]
Alibaba's Ma champions U.N. e-commerce drive for development Alibaba Executive Chairman Jack Ma said on Tuesday the Internet should be a utility available to the whole world, putting his weight behind a U.N. call for e-commerce to boost developing economies and help fight poverty. Ma, who advises the United Nations […]
Uber looks to soar with flying taxis by 2020 After upending the taxi market with its ride-hailing service, Uber Technologies Inc [UBER.UL] is now aiming for the skies with its flying taxis. The company expects to deploy its flying taxis in Dallas-Fort Worth, Texas, and Dubai by 2020, Chief Product […]
Thyssenkrupp plans to open 3D printing center this year German industrial group Thyssenkrupp plans to open its own 3D printing center this year to manufacture products for its customers, a company executive said on Tuesday. As well as producing steel, submarines and elevators, Thyssenkrupp supplies thousands of tonnes of metal […]
Wells Fargo board gets black eye in shareholder vote Wells Fargo & Co (WFC.N) shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a dozen directors, including Chairman Stephen Sanger, in a vote capping a contentious annual meeting. Only three directors received more than 90 […]
Toshiba plans to replace auditor PwC after earnings impasse Toshiba Corp, the troubled Japanese conglomerate, wants to replace auditor PricewaterhouseCoopers Aarata (PwC) to resolve an impasse over full-year earnings and remain listed, two sources briefed on the matter said. PricewaterhouseCoopers was hired in June last year as part of major […]
China banks miss out on U.S. investment banking bonanza As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent – Chinese banks. Despite their deep ties with Chinese firms, the country's largest state-owned banks […]
