SHENZHEN, China (Reuters) – China’s Huawei Technologies saw revenue fall 16.5% in the first quarter compared to a year earlier, […]
Tesla says bitcoin investment worth $2.48 billion
(Reuters) -Tesla Inc said on Wednesday that the fair market value of bitcoin the electric carmaker held as of March […]
DIY deals: How private equity firms buy assets from themselves
By Chibuike Oguh (Reuters) – What’s a fair price when you are selling something to yourself? On Wall Street, that’s […]
BAML, C.Agricole, C.Suisse fined $34 million over bond cartel
By Foo Yun Chee BRUSSELS (Reuters) -Bank of America Merrill Lynch (BAML), Credit Agricole and Credit Suisse were hit with […]
Sony expects profit to slip after pandemic boom
TOKYO (Reuters) -Japan’s Sony Corp said on Wednesday it expects operating income to slip 4.3% this business year following record […]
Honda to suspend three Japanese plants in May due to chip shortage
TOKYO (Reuters) – Honda Motor Co will suspend three plants in Japan as many as six days in May due […]
Samsung’s Lee family to pay more than $10.8 billion inheritance tax
By Joyce Lee and Heekyong Yang SEOUL (Reuters) – The family of late Samsung Electronics Co Ltd Chairman Lee Kun-hee […]
TD Bank trial in $4.5 billion Stanford Ponzi scheme lawsuit ends
By Nichola Saminather TORONTO (Reuters) – The three-month trial of a lawsuit against Toronto-Dominion Bank, in which the liquidators of […]
Google sales top estimates on ad surge; Alphabet plans $50 billion buyback
(Corrects amount of 2019 buyback to $25 billion instead of $25 million, paragraph 10) By Paresh Dave and Subrat Patnaik […]
Puma sees sales hit from China backlash and freight delays
By Emma Thomasson BERLIN (Reuters) -German sportswear company Puma expects a consumer backlash against Western brands in China and congestion […]