Business

Exclusive: Biden to hit China with broader curbs on U.S. chip and tool exports

The Biden administration plans next month to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence…

3 years ago

U.S. SEC warns against switching auditors to avoid Chinese company trading bans

U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential…

3 years ago

Exclusive: Shell’s CEO van Beurden prepares to step down next year -sources

Shell (SHEL.L) has shortlisted four candidates to succeed Chief Executive Ben van Beurden who is preparing to step down next year after…

3 years ago

FedEx missteps fuel contractor’s crusade as pandemic delivery boom fades

Package carrier FedEx Corp (FDX.N) is facing a threat from an unusual source - one of its biggest delivery contractors.

3 years ago

Dollar General lifts sales forecast as inflation-hit Americans drive demand

Dollar General Corp (DG.N) lifted its annual comparable sales forecast on Thursday, encouraged by Americans flocking to discount store chains for everything…

3 years ago

Gas price surge, recession fears weigh on European shares

European shares slipped on Tuesday as investors fretted about soaring energy prices and a weak economic outlook after data showed…

3 years ago

European stocks eye worst day in over a month on looming energy crisis

European shares were on Monday set for their worst day in more than a month as worries about tightening gas…

3 years ago

Philips parts ways with CEO in midst of massive recall

Dutch health technology company Philips (PHG.AS) on Tuesday unexpectedly announced the imminent departure of CEO Frans van Houten, in the midst of…

3 years ago

Analysis: China investors hedge U.S. delisting risk with Hong Kong play

Global fund managers holding U.S.-listed Chinese stocks are steadily shifting towards their Hong Kong-traded peers, even as they remain hopeful…

3 years ago

Musk sells Tesla shares worth $6.9 billion, cites chance of forced Twitter deal

Tesla Inc (TSLA.O) Chief Executive Officer Elon Musk sold $6.9 billion worth of shares in the electric vehicle maker, saying the funds…

3 years ago