(Reuters) – Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday. FILE PHOTO: The SpaceX headquarters is shown in Hawthorne, California, U.S. September 19, 2018. REUTERS/Mike Blake The company said it will “part ways” with some of its manpower, citing
(Reuters) – One of Nissan Motor Co’s (7201.T) top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct. FILE PHOTO: Jose Munoz, Chairman of Nissan North America, speaks during the North American International Auto Show in Detroit, Michigan, U.S., January 9,
(Reuters) – U.S. stocks edged about 0.4 percent lower on Friday as investors booked profits after a five-day rally and reset positions ahead of the earning season, which will begin with big Wall Street banks next week. FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,
TOKYO (Reuters) – Asian stocks inched up to five-week highs on Friday, after Chairman Jerome Powell reiterated the Federal Reserve will be patient about raising interest rates and news that trade talks between Washington and Beijing are moving to higher levels. FILE PHOTO: Attendees take pictures of a stock quotation board after a ceremony marking
TOKYO (Reuters) – Japanese prosecutors plan to indict former Nissan Motor Co Ltd (7201.T) Chairman Carlos Ghosn on two more charges of financial misconduct on Friday, a person with knowledge of the issue said, bringing the total number to three. FILE PHOTO: Carlos Ghosn, chairman and CEO of the Renault-Nissan-Mitsubishi Alliance, attends a press conference
TOKYO (Reuters) – Asian shares edged up on Thursday as stimulus expectations and a rise in the yuan helped Chinese equities erase early losses, while markets awaited more news on U.S.-China trade talks amid hopes that an all-out trade war can be averted. FILE PHOTO: A woman points to an electronic board showing stock prices
NEW YORK (Reuters) – Oil prices jumped more than 4 percent on Wednesday as the extension of U.S.-China talks raised hopes of easing trade tensions between the two superpowers, while OPEC-led crude output cuts also provided support. FILE PHOTO: A pump jack operates in the Permian Basin oil production area near Wink, Texas U.S. August
(Reuters) – Qualcomm Inc (QCOM.O) on Tuesday responded to comments Apple Inc (AAPL.O) Chief Executive Tim Cook made in an interview, in which he said there had been no recent settlement talks between the iPhone maker and chip supplier in their global legal battle, calling Cook’s remarks “misleading.” People walk by a video display promoting
NEW YORK (Reuters) – Investors are growing more fearful that U.S. companies’ profits could shrink this year following Apple’s warning of soft demand in China, coupled with mounting evidence of a drag from tariffs, a global slowdown and fading tailwinds from tax cuts. FILE PHOTO: Traders work on the floor of the New York Stock
FILE PHOTO – Monsanto logo is displayed on a screen where the stock is traded on the floor of the New York Stock Exchange (NYSE) in New York City, U.S. on May 9, 2016. REUTERS/Brendan McDermid/File Photo NEW DELHI (Reuters) – India’s Supreme Court on Tuesday allowed Monsanto to claim patents on its genetically modified
PARIS (Reuters) – Asian-controlled leasing companies splashed out some $25 billion at list prices to pick out bargains as planemakers Airbus (AIR.PA) and Boeing (BA.N) raced to end a relatively quiet year with fresh orders. FILE PHOTO: Airbus airplanes are parked near the Airbus A320 family final assembly line in Tianjin, China, March 1, 2016.
SAN FRANCISCO (Reuters) – New Trump administration policies aimed at curbing China’s access to American innovation have all but halted Chinese investment in U.S. technology startups, as both investors and startup founders abandon deals amid scrutiny from Washington. FILE PHOTO: U.S. President Donald Trump and China’s President Xi Jinping shake hands after making joint statements
U.S. President Donald Trump speaks to the media as he departs for Camp David from the White House in Washington, U.S., January 6, 2019. REUTERS/Joshua Roberts WASHINGTON (Reuters) – U.S. President Donald Trump said on Sunday that trade talks with China were going very well and that weakness in the Chinese economy gave Beijing a
The logo of Celltrion is seen at company’s headquarters in Incheon, South Korea, October 28, 2016. Picture taken on October 28, 2016. REUTERS/Kim Hong-Ji SEOUL (Reuters) – South Korean drugmaker Celltrion Inc (068270.KS) aims to set up a joint venture in China within the first half of this year, and begin selling products in the
FILE PHOTO: A Volkswagen logo is pictured during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt FRANKFURT (Reuters) – The German Federal State of Baden-Wuerttemberg is seeking damages from Volkswagen (VOWG_p.DE) after local authorities purchased VW diesel vehicles which now face bans in cities like Stuttgart, Frankfurter Allgemeine Zeitung
NEW YORK (Reuters) – After emerging market stocks led global equity markets lower in a brutal 2018, some U.S.-based fund managers are betting that the asset class may have the largest rebound in the new year. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 28, 2018.