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China discussing September trade talks with U.S.: commerce ministry

China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September, China's Commerce Ministry said on Thursday.



6 years ago

China hopes U.S. will create conditions necessary for September trade talks

China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can create favorable conditions, China's commerce ministry said on Thursday.



6 years ago

UBS hires former Credit Suisse star Khan as part of broader shakeup

Switzerland's biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.



6 years ago

London mayor says firms must play by the rules as Uber faces license renewal

London's Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber's London license, which is due to expire in less than a month's time.



6 years ago

South Korea court ruling raises chance of Samsung heir's return to jail

South Korea's Supreme Court on Thursday ruled that a bribery case against the heir of the Samsung Group should be reviewed by a lower court, raising the possibility of a tougher sentence and potential return to jail.



6 years ago

Jeweller Pandora aims to regain sparkle after LA relaunch

Danish jewellery maker Pandora is stepping up efforts to win back shoppers with a brand relaunch in Los Angeles, plus new themed collections based on Harry Potter and Walt Disney's Frozen and a revamp of its stores.



6 years ago

Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for a Chinese education firm VIPKid, two people familiar with the matter said, as Beijing moved to tighten oversight of online education platforms.



6 years ago

Sony in $760 million Olympus stake sale after investor Loeb's prodding

Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb's activist hedge fund Third Point LLC had called for.



6 years ago

Europe cheers Italy pact, bond bulls pause for breath

Signs that Italy's latest political drama was over and hopeful noises from Beijing in the trade war pushed Europe's share markets higher on Thursday and paused the relentless steamrollering of global bond yields.



6 years ago

This app makes clearing US airport immigration and customs a breeze

Mobile Passport lets travelers clear U.S. immigration by submitting documents via a smartphone or tablet before arrival at checkpoints.

6 years ago

AirAsia close to announcing adjustment to Airbus plane orders: sources

AirAsia Group Bhd plans to announce an adjustment to its large order book for Airbus airliners on Friday, confirming at least part of its order for A330neos while making room for the A321XLR model, two people familiar with the matter said.



6 years ago

Best Buy misses quarterly same-store sales estimates

Best Buy Co Inc reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game consoles and other entertainment products.



6 years ago

Argentine bonds plumb new lows as government eyes extending debt maturities

Argentina's international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to "reprofile" some debt, leaving investors scrambling to assess what kind of hit they might face.



6 years ago

Thyssenkrupp CEO's last roll of the dice: sell the family silver

Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group's prized elevator division lock, stock and barrel so he can save the conglomerate's remaining businesses, four sources close to the German company said.



6 years ago

Argentina bonds plumb new lows, country risk soars, as govt eyes debt 'reprofiling'

Argentine country risk soared to levels not seen since 2008 and bond prices lurched to record lows on Thursday after the government announced plans to "reprofile" some debt, leaving investors scrambling to assess what kind of hit they might face.



6 years ago