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Thyssenkrupp in talks with Tesla about German factory: Handelsblatt

Thyssenkrupp is hoping to win contracts for a planned factory Tesla plans to build near Berlin, a board member of the German conglomerate told a business daily.



5 years ago

Sweden opens Ericsson bribery probe after U.S. settlement: paper

Sweden's prosecution authority has opened an investigation into possible bribery by employees at mobile telecoms group Ericsson that came to light during a U.S. probe into corruption, daily Dagens Industri wrote on Thursday.



5 years ago

Facebook delays naming oversight board members until 2020

Facebook will not announce the first members of its independent oversight board this year as it originally expected, the company said on Thursday.



5 years ago

Global stock index hits record high as U.S.-China trade deal optimism climbs

MSCI's global stock index hit a record high on Thursday after President Donald Trump said the United States was "very close" to reaching a trade deal with China.



5 years ago

IMF would welcome U.S.-China tariff cuts, but wants 'trade peace': spokesman

The International Monetary Fund would welcome any deal to reduce U.S.-China trade tensions and tariffs, but is urging the world's two largest economies to permanently resolve their 17-month trade war, IMF spokesman Gerry Rice said on Thursday.



5 years ago

U.S. producer prices tepid; jobless claims at more than two-year high

U.S. producer prices were unexpectedly unchanged in November as increases in food and gasoline prices were offset by declining costs for services, pointing to muted inflation despite a recent uptick in consumer prices.



5 years ago

Medicare would cover dental, vision — if Senate OKs House bill

The House of Representatives on Thursday passed a measure that would change basic Medicare coverage to include dental, vision and hearing, as well as limit how much beneficiaries spend on prescription drugs, among other provisions.

5 years ago

U.S. offers China tariff rate cut; announcement possibly 'imminent'

The United States has offered to cut existing tariffs on Chinese goods by as much as 50% and suspend new tariffs scheduled to go into effect on Sunday in an attempt to secure a "Phase One" trade deal.



5 years ago

U.S. reaches deal in principle on trade with China: Bloomberg

The United States has reached a deal in principle with China on trade, Bloomberg News reported on Thursday, saying the so-called "phase-one" agreement was awaiting a signoff from U.S. President Donald Trump.



5 years ago

'Boneheads' no more? Fed's rate cuts appear to defuse Trump's Twitter rage

After three interest rate cuts and a fresh round of record highs for U.S. stock markets, has President Donald Trump lost interest in the Federal Reserve?



5 years ago

Wall Street hits record on trade hopes, but off session highs

Wall Street's main indexes hit record highs on Thursday, but eased back from steeper initial gains, after President Donald Trump tweeted the United States was close to a deal with China ahead of a Sunday deadline that could be a turning point in the two countries' trade relations.



5 years ago

U.S. senator says Dec. 15 tariffs on Chinese imports may be averted

It may be possible to avert the next round of tariffs on Chinese imports set to be imposed on Sunday, Republican U.S. Senator John Hoeven said on Thursday following a lunch with U.S. Trade Representative Robert Lighthizer.



5 years ago

U.S. regulator weighs action against Facebook over how its apps interact -report

The U.S. Federal Trade Commission is considering seeking a preliminary injunction against Facebook Inc because of concerns that policies about how its apps interact violate antitrust law, The Wall Street Journal reported on Thursday, citing people familiar with the matter.



5 years ago

Boeing drops 2019 timeline for 737 MAX return after CEO meets with FAA

Boeing Co on Thursday abandoned its goal of winning approval this month from the Federal Aviation Administration to unground the 737 MAX after Chief Executive Dennis Muilenburg met with senior U.S. aviation officials.



5 years ago

Saudi Aramco IPO is latest example of why it's best to wait to invest in newly public companies

It's been a big year for initial public offerings, and Saudi Aramco's public debut is no exception. It will take some time before individual investors can get exposure to that company. That's actually good news, experts say.

5 years ago