Business News

Credit Suisse executive tailed by private investigators: paper

Reuters Biz News - Tue, 12/17/2019 - 02:48
Another senior Credit Suisse executive was followed this year, the Neue Zuercher Zeitung reported, suggesting the surveillance of former wealth management boss Iqbal Khan was not an isolated incident as the Swiss bank has said.
Categories: Business News

Toyota expects 2020 global car sales to stay at record-high levels

Reuters Biz News - Tue, 12/17/2019 - 02:43
Toyota Motor Corp expects its global vehicle sales to stay at record highs in 2020, even as demand shows signs of slowing in China and the United States, the world's top car markets.
Categories: Business News

Boeing's production pause will not end 737 Max cash burn: analysts

Reuters Biz News - Tue, 12/17/2019 - 01:44
Boeing Co is expected to continue burning cash despite pausing production of its 737 MAX jet, as it will leave its workforce intact and likely provide support to suppliers, analysts said.
Categories: Business News

Japan stocks track Wall Street to hit over 1-year peak on trade cheer

Reuters Company News - Tue, 12/17/2019 - 01:27
Japanese stocks rose to their highest level in more than a year on Tuesday, tracking Wall Street's run to a record closing high on renewed optimism over the U.S.-China interim trade deal.
Categories: Business News

Another Credit Suisse senior manager was followed: NZZ

Reuters Biz News - Tue, 12/17/2019 - 01:25
Another senior Credit Suisse executive was followed over three days in February, the Neue Zuercher Zeitung reported, suggesting the shadowing of former wealth management boss Iqbal Khan was not an isolated incident as the Swiss bank has said.
Categories: Business News

Roche has 60.4% of Spark, plans to wrap up takeover on Tuesday

Reuters Company News - Tue, 12/17/2019 - 01:22
Swiss drugmaker Roche Holding plans to complete on Tuesday its $4.3 billion takeover of Spark Therapeutics, it said, after winning U.S. regulatory approval for the long-delayed deal.
Categories: Business News

Canfor shareholders reject Great Pacific's $1.5 bln offer to take co private

Reuters Company News - Tue, 12/17/2019 - 01:19
Canadian lumber products company Canfor Corp has rejected Great Pacific Capital Corp's proposal to take it private.
Categories: Business News

METALS-London copper falls as investors seek clarity on Sino-U.S. trade deal

Reuters Company News - Tue, 12/17/2019 - 00:28
London copper prices eased on Tuesday as investors sought clarity over some key aspects of the interim Sino-U.S. trade deal announced last week.
Categories: Business News

PRESS DIGEST- New York Times business news - Dec 17

Reuters Company News - Tue, 12/17/2019 - 00:19
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.
Categories: Business News

Washington Must Bet Big on AI or Lose Its Global Clout

Wired RSS Feed - Tue, 12/17/2019 - 00:00
New report says $25 billion—and a more welcoming attitude toward foreign talent—is needed to keep US in the technology race with China.
Categories: Business News

Explainer: How the 737 MAX production freeze affects airlines across the globe

Reuters Biz News - Mon, 12/16/2019 - 23:50
Boeing Co has decided to suspend production of its best-selling 737 MAX model from January, the plane maker's biggest assembly-line halt in more than 20 years, as repercussions from two deadly crashes drag into 2020.
Categories: Business News

EXPLAINER-How the 737 MAX production freeze affects airlines across the globe

Reuters Company News - Mon, 12/16/2019 - 23:45
Boeing Co has decided to suspend production of its best-selling 737 MAX model from January, the plane maker's biggest assembly-line halt in more than 20 years, as repercussions from two deadly crashes drag into 2020.
Categories: Business News

Oil poised near three-month highs on U.S.-China trade hopes, supply cuts

Reuters Biz News - Mon, 12/16/2019 - 23:40
Oil prices trickled a fraction lower on Tuesday but remained near a three-month high as investors kept the faith with hopes that a fully fledged U.S.-China trade deal is in the pipeline, set to stoke oil demand in the world's biggest economies.
Categories: Business News

SoftBank's Son says Japan should make AI mandatory subject for college students

Reuters Biz News - Mon, 12/16/2019 - 22:40
SoftBank Group Corp Chief Executive Masayoshi Son said on Tuesday Japan should make artificial intelligence (AI) a mandatory subject for college entrance exams, to counter the yawning gap with the United States and China in the nascent field.
Categories: Business News

UPDATE 1-Hollywood celebrates closing 'Star Wars' chapter at world premiere

Reuters Company News - Mon, 12/16/2019 - 22:38
Colorful droids and armor-clad stormtroopers rubbed shoulders with Hollywood VIPs on Monday at the world premiere of "Star Wars: The Rise of Skywalker," the ninth and final movie episode in the sci-fi fable of a celebrated Jedi master.
Categories: Business News

SoftBank's Son says Japan should make AI mandatory subject for college students

Reuters Company News - Mon, 12/16/2019 - 22:38
SoftBank Group Corp Chief Executive Masayoshi Son said on Tuesday Japan should make artificial intelligence (AI) a mandatory subject for college entrance exams, to counter the yawning gap with the United States and China in the nascent field.
Categories: Business News

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