Tag: businessNews

Telenor says Huawei will still play role in 5G rollout

BRUSSELS (Reuters) – Telenor (TEL.OL) reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson (ERICb.ST), one of several companies to continue working with the Chinese company despite U.S. pressure. FILE PHOTO: Telenor’s logo is seen in central Belgrade, Serbia, March 21, 2018. REUTERS/Marko Djurica/File Photo Still, on Friday, the […]

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Villains or visionaries? Hedge funds short companies they say ‘greenwash’

LONDON (Reuters) – Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity. FILE PHOTO: Carson Block, Chief Investment Officer, Muddy Waters Capital LLC., speaks at the Sohn Investment Conference in New York City, U.S. May 4, 2016. REUTERS/Brendan McDermid/File Photo Such […]

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Mexico objects to labor enforcement provision in North American trade deal

MEXICO CITY (Reuters) – Mexico’s deputy foreign minister, Jesus Seade, said on Saturday he sent a letter to the top U.S. trade official expressing surprise and concern over a labor enforcement provision proposed by a U.S. congressional committee in the new North American trade deal. FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus […]

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Swiss body considers ban on Swatch unit selling parts – Schweiz am Wochenende

VIENNA (Reuters) – A Swatch (UHR.S) unit that supplies parts to much of the watch market faces a possible sales ban next year by Switzerland’s Competition Commission (Weka), newspaper Schweiz am Wochenende reported on Saturday. FILE PHOTO: Swatch models are displayed at the company’s headquarters in Biel, Switzerland, Oct. 3, 2019. REUTERS/Denis Balibouse/File Photo A […]

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China top diplomat says China-U.S. trade deal good news for all

Chinese Foreign Minister Wang Yi delivers a speech at an annual symposium on international situation and China’s diplomacy in Beijing, China December 13, 2019. REUTERS/Jason Lee LJUBLJANA (Reuters) – China and the United States’ “phase one” trade agreement is good news for all and will “provide stability in global trade”, the Chinese government’s top diplomat […]

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U.S. Justice Department preparing legal action against Live Nation: source

FILE PHOTO: A general view of the Department of Justice building is seen in Washington, U.S., April 18, 2019. REUTERS/Amr Alfiky (Reuters) – The U.S. Justice Department is preparing to take legal action against Live Nation Entertainment (LYV.N) on allegations the concert promoter has sought to strong-arm concert venues into using its dominant Ticketmaster subsidiary, […]

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China’s Ant Financial, Vanguard announce China advisory venture

FILE PHOTO: The logo of Ant Financial Services Group, Alibaba’s financial affiliate, is pictured at its headquarters in Hangzhou, Zhejiang province, China January 24, 2018. REUTERS/Shu Zhang SHANGHAI (Reuters) – Chinese fintech company Ant Financial Services [ANTFIN.UL] and U.S. asset management firm The Vanguard Group have established a joint venture to provide retail investment advisory […]

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California governor rejects PG&E bankruptcy reorganization plan

FILE PHOTO: California governor Gavin Newsom speaks at a news conference in San Diego, California, U.S. October 9, 2019. REUTERS/ Mike Blake (Reuters) – California Governor Gavin Newsom on Friday rejected the bankruptcy reorganization plan submitted by PG&E Corp (PCG.N), the state’s largest investor-owned utility, saying the proposal fails to comply with a recently enacted […]

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Canadian regulator dismisses Catalyst request for cease trade order on Hudson’s take private deal

FILE PHOTO: A man exits a Hudson’s Bay department store in Toronto, Ontario, Canada June 6, 2016. REUTERS/Chris Helgren/File Photo (Reuters) – Canadian financial regulator the Ontario Securities Commission said on Friday it has dismissed a request by Catalyst for a cease trade order relating to proposed take-private deal of Hudson’s Bay (HBC.TO). The hearing […]

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