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Asia markets cautious as Trump presses Mexico on trade

Asian shares got off to a hesitant start on Thursday as investors feared a looming U.S. trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus.



3 years ago

Cuba's private-sector workers say Trump's travel curbs will hurt them too

Lazaro Hernandez, who has made a good living showing U.S. cruise ship passengers around Havana in his pink 1950s Chevrolet, says the new U.S. ban on cruises to Cuba will wipe out 90% of his business overnight.



3 years ago

China's Didi Chuxing starts ride-hailing services in Chile, Colombia

Chinese ride-hailing giant Didi Chuxing said on Thursday that it had launched services in Chile and Colombia, as part of its push into Latin America.



3 years ago

Asia shares muted, trade risk offsets rate hopes

Asian markets were in a mixed mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth, warred with wagers central banks would have to respond with fresh stimulus.



3 years ago

Toyota, Subaru team up to develop electric SUV in battle against costs

Toyota Motor Corp and Subaru Corp on Thursday said they plan to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they seek to split the cost of producing the lower-emissions car.



3 years ago

French bank Credit Agricole targets net profits of 5 bln euros in 2022

French bank Credit Agricole unveiled a new set of higher profit targets for 2022 after it had met its 2019 targets a year ahead of schedule, and said it now expected annual net profits above 5 billion euros ($5.6 billion) in 2022.



3 years ago

Airbnb touts Japan recovery, bolstered by hotel listings

Airbnb Inc on Thursday announced a recovery in short-stay accommodation listings on its Japanese site, which plummeted after regulatory action last year, as the U.S. firm bolstered numbers with traditional opponents like hotels.



3 years ago

U.S. must have access to U.S.-listed Chinese firms' audit documents, lawmakers say

A bipartisan group of U.S. lawmakers introduced a bill on Wednesday to force Chinese companies listed on American stock exchanges to submit to regulatory oversight, including providing access to audits or face delisting.



3 years ago

Procter & Gamble keeps spending in Russia

Procter & Gamble is to invest 2.4 billion rubles ($37 million) in its Russian operations this year to expand its distribution center, modernize some manufacturing and localize more product production.



3 years ago

Huawei denies report that orders to key suppliers cut after U.S. blacklisting

Huawei Technologies Co Ltd has cut or canceled orders to major suppliers of components for its smartphones and telecom equipment following its U.S. blacklisting, the Nikkei reported, claims that were rejected by the Chinese firm.



3 years ago

Rolls-Royce agrees UK's biggest pension deal with insurer L&G

Rolls-Royce's pension scheme has agreed to transfer 4.6 billion pounds ($5.83 billion) of assets to insurer Legal & General in Britain's largest ever transfer of corporate pension risk.



3 years ago

Aviva overhauls UK business, to cut 1,800 jobs

British insurer Aviva will change the structure of its UK business and cut costs across the firm, with the loss of 1,800 jobs, it said on Thursday.



3 years ago

French government engaged constructively in failed FCA-Renault deal: Le Maire

The French government met only three out of its four conditions to back Fiat Chrysler's (FCA) merger with Renault, having failed to win the support of Renault's partner Nissan, Finance Minister Bruno Le Maire said on Thursday.



3 years ago

Weapon of choice? China rare earth prices soar on their potential role in trade war

Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals in its trade war with Washington.



3 years ago

Swiss regulator fines banks for fixing forex trading

Five banks have been fined a total of 90 million Swiss francs ($90.53 million) for colluding to rig the foreign exchange market, Switzerland's competition authority said on Thursday.



3 years ago