China urges U.S. away from 'brink' as Trump picks trade weapons
BEIJING/SHANGHAI (Reuters) - China urged the United States on Friday to "pull back from the brink" as President Donald Trump's plans for tariffs on up to $60 billion in Chinese goods moved the world's two largest economies closer to a trade war.
GSK pulls out of $20 billion race for Pfizer assets
LONDON (Reuters) - GlaxoSmithKline has withdrawn from the race to buy Pfizer's consumer healthcare business, the British drugs company said on Friday, endangering an auction for an asset some said could fetch as much as $20 billion.
Nissan says aims to sell 1 million electric vehicles annually by 2022
YOKOHAMA, Japan (Reuters) - Nissan Motor Co announced plans to sell 1 million electric vehicles (EVs) annually by 2022 and said it would focus its lower-emissions lineup on all-battery and gasoline-hybrid EVs rather than costlier technologies...
As Toshiba's $18 billion chip unit sale faces tight deadline, IPO looms
TOKYO (Reuters) - Japan's Toshiba Corp faces a Friday deadline to win Chinese antitrust approval to sell its prized $18 billion memory-chip business by end-March, raising the possibility the deadline may be missed and that it will seek alternatives...
Tencent loses $24 billion in market cap after Naspers' selldown
HONG KONG (Reuters) - China's Tencent Holdings Ltd saw its shares down 4.51 percent at the midday trading break on Friday after the internet firm's largest shareholder, Naspers Ltd , said it would lower its stake for the first time in 17 years.
Credit Suisse CEO pay falls after shareholder mutiny
ZURICH (Reuters) - Credit Suisse Chief Executive Tidjane Thiam earned slightly less in 2017 during his third year on the job, as shareholder scrutiny during the final stages of a major overhaul dampened executive pay.
Stocks tumble, bonds and yen gain as trade war fears drive rush to safety
TOKYO (Reuters) - The rumblings of a global trade war shook stock and currency markets on Friday after U.S. President Donald Trump announced long-promised tariffs on Chinese goods and Beijing pledged to fight any such war to the end.
Steve Wynn sells stake in company he founded, Macau casino Galaxy buys in
(Reuters) - Steve Wynn, the former chief executive of Wynn Resorts Ltd, has disposed his entire 11.8 percent stake in the firm for $2.1 billion in a dramatic exit of the casino and hotel enterprise he founded over 16 years ago.
Boeing will not appeal trade case against Bombardier: spokesman
MONTREAL (Reuters) - Boeing Co will not appeal against the U.S. trade commission ruling that allows Canada's Bombardier Inc to sell its newest jets to U.S. airlines without heavy duties, a Boeing spokesman said on Thursday.
Facebook apology does little to satisfy lawmakers, Wall Street
WASHINGTON/LONDON (Reuters) - Facebook Inc came under further pressure from lawmakers, investors, advertisers and users on Thursday, the day after Chief Executive Mark Zuckerberg admitted the social media network made mistakes in letting 50 million...