News

Why China’s private sector needs a ‘high degree of attention’

By Kevin Yao BEIJING (Reuters) – Xia Xiaokang and Bruno Chen, who both run private-sector companies, are the sort of businessmen that Chinese leaders are increasingly concerned about as economic growth slows. Beijing is counting on the private sector to invest more in the economy and take up the slack as the government tries to engineer a shift away from largely state-run heavy industry to more entrepreneurial and services-led growth. Unfortunately, just when China needs the private

Read more from the original source: 
Why China’s private sector needs a ‘high degree of attention’

Norway’s wealth fund to sue Volkswagen over emissions scandal

(Reuters) – Norway's sovereign wealth fund, the world's largest, said on Sunday it plans to join the class-action lawsuits filed against Volkswagen AG over the German automaker's emissions scandal. “Norges Bank Investment Management intends to join a legal action against Volkswagen arising

Here is the original: 
Norway’s wealth fund to sue Volkswagen over emissions scandal

Oaktree urged Tribune Publishing to merge with Gannett: Barron’s

Oaktree Capital Management urged newspaper publisher Tribune Publishing to negotiate a merger with Gannett Co Inc after it declined a purchase offer by Gannett, Barron's reported, citing 13D filings from May 5-11. Oaktree also stated that “in the event one or more other

See the rest here: 
Oaktree urged Tribune Publishing to merge with Gannett: Barron’s

Google faces record 3 billion euro EU antitrust fine: Telegraph

Google faces a record antitrust fine of around 3 billion euros ($3.4 billion) from the European Commission in the coming weeks, British newspaper The Sunday Telegraph said. The European Union has accused Google of promoting its shopping service in Internet searches at the expense of rival services in a case that has dragged on since late 2010. Several people familiar with the matter told Reuters last month they believed that after three failed attempts at a…

Here is the original: 
Google faces record 3 billion euro EU antitrust fine: Telegraph

China complains to WTO that U.S. fails to implement tariff ruling

In another sign of escalating trade tensions between China and the United States, Beijing told the World Trade Organization on Friday that Washington was failing to implement a WTO ruling against punitive U.S. tariffs on a range of…

See the original post: 
China complains to WTO that U.S. fails to implement tariff ruling

Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

Apple Inc said on Thursday it has invested $1 billion in Chinese ride-hailing service Didi Chuxing, a move that Apple Chief Executive Tim Cook said would help the company better understand the critical Chinese market. Apple is trying to reinvigorate

Here is the original: 
Apple invests $1 billion in Chinese ride-hailing service Didi Chuxing

Panama airport places $575 million bond after probe hits issue

Panama City's main airport said on Friday it had successfully placed a $575 million bond after a company forming a major source of income for the hub became embroiled in a money-laundering probe, prompting the issue to be restructured. Originally earmarked for $625 million, the bond for Tocumen International Airport was pared back after the U.S. Treasury Department accused members of the Waked family of running a money laundering…

More: 
Panama airport places $575 million bond after probe hits issue

China orders banks to clear hurdles slowing private sector lending: sources

SHANGHAI, May 14 (Reuters) – – China's banking regulator has sent an urgent notice to banks telling them to clear bottlenecks slowing lending to private firms, sources with direct knowledge told Reuters, highlighting rising concern in Beijing about torpid private investment. Chinese banks sharply cut new lending in April after a record first-quarter credit spree, much of which appeared to go to the state sector and may have helped inflate asset bubbles in real estate and commodities. According to the document seen by Reuters, the China …

More:
China orders banks to clear hurdles slowing private sector lending: sources

Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources

While there is no certainty that the consortium will prevail in the auction, the interest of Buffett and Gilbert is a boost for the Sunnyvale, California-based company, which has been surpassed in recent years by…

See the original post here:
Exclusive: Warren Buffett, Quicken Loans founder in Yahoo bid – sources

VW gets ready to move on comeback plan in U.S.: sales chief

Volkswagen hopes to reach a final settlement with the U.S. authorities over the diesel emissions scandal next month so that it can get moving on a recovery plan which will see the launch of several new crossover and electric vehicles, its sales chief said on Thursday. VW aims to expand its electric-vehicle offerings in the United States to meet a growing demand for green cars and help restore its image, VW brand sales chief Juergen Stackmann said in an interview published on Thursday. “A …

See the rest here: 
VW gets ready to move on comeback plan in U.S.: sales chief

« Previous Page — Next Page »