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Fiat Chrysler and Foxconn plan push into Chinese electric car market

Automaker Fiat Chrysler plans to set up a joint venture with the parent of iPhone assembler Foxconn to build electric cars and develop internet-connected vehicles in China, as it looks to make up ground in electric mobility.

Source: Reuters: Business News | 18 Jan 2020 | 3:27 am(NZT)

Wall Street set for new highs on strong data, earnings

U.S. stock indexes were set to scale fresh record highs on Friday, on optimism over corporate earnings, fresh economic data and indications of resilience in a Chinese economy battered by a prolonged trade war with the United States.

Source: Reuters: Business News | 18 Jan 2020 | 3:23 am(NZT)

U.S. housing starts at 13-year high in December; permits ease

U.S. homebuilding surged to a 13-year high in December as activity increased across the board, suggesting the housing market recovery was back on track amid low mortgage rates, and could help support the longest economic expansion on record.

Source: Reuters: Business News | 18 Jan 2020 | 3:10 am(NZT)

U.S. to review petition seeking formal defect probe into 500,000 Tesla vehicles

The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate 500,000 Tesla Inc models over sudden unintended acceleration reports.

Source: Reuters: Business News | 18 Jan 2020 | 2:44 am(NZT)

Oil held in check as Chinese economy offsets trade optimism

Oil prices edged higher on Friday but were little changed on the week as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.

Source: Reuters: Business News | 18 Jan 2020 | 2:30 am(NZT)



The yield curve's still weird. Fed's Bullard is okay with that

It was more than a year ago when St. Louis Federal Reserve bank President James Bullard started raising the alarm about a U.S. bond market where interest rates seemed to show investors losing faith in the economy, a risky environment for the Fed to carry out planned rate increases.

Source: Reuters: Business News | 18 Jan 2020 | 2:28 am(NZT)

Exclusive: HSBC cutting around 100 staff in equities business - sources

HSBC is cutting around 100 roles in its equities business with the bulk of the layoffs falling on its continental European trading floors, sources familiar with the matter told Reuters.

Source: Reuters: Business News | 18 Jan 2020 | 2:18 am(NZT)

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

China's economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand.

Source: Reuters: Business News | 18 Jan 2020 | 1:48 am(NZT)

World shares gain as China data fuels bets on growth

World shares rose to record highs on Friday, buoyed by Chinese growth figures that suggested the world's second-biggest economy was stabilizing.

Source: Reuters: Business News | 18 Jan 2020 | 1:20 am(NZT)

Exclusive: Sinopec to review potential $16 billion U.S. gas deal with Cheniere - sources

China's Sinopec, expected to be the next major Chinese buyer of U.S. liquefied natural gas (LNG), is planning to review terms of a potential $16 billion supply deal with Cheniere Energy after a sharp drop in LNG prices, industry officials said.

Source: Reuters: Business News | 18 Jan 2020 | 1:11 am(NZT)



Exclusive: China's Ant aims for $200 billion price tag in private share sales - sources

Ant Financial [ANTFIN.UL] shares are being offered privately at levels which value the Chinese financial giant at $200 billion, two people with knowledge of the discussions said, lifting it up the ranks of the most valuable unlisted companies.

Source: Reuters: Business News | 18 Jan 2020 | 12:58 am(NZT)

Retail sales fall sharply in December

A fifth straight month without growth adds to pressure on the Bank of England to cut interest rates.

Source: BBC News - Business | 18 Jan 2020 | 12:39 am(NZT)

Indonesian minister says SoftBank offering to invest up to $40 billion in new capital

SoftBank has offered to invest up to $40 billion in the new capital city Indonesia plans to build on Borneo island, a minister said on Friday, though the Japanese tech conglomerate said no figure had been suggested yet.

Source: Reuters: Business News | 18 Jan 2020 | 12:19 am(NZT)

Flybe confirms it will get a tax and duty holiday

But the struggling airline says the debt with tax authorities is far lower than reported.

Source: BBC News - Business | 18 Jan 2020 | 12:12 am(NZT)

Carlos Ghosn's lawyers hit back at Nissan fraud claims

The fugitive businessman's defence team say Nissan's investigation is biased and designed to smear him.

Source: BBC News - Business | 17 Jan 2020 | 11:46 pm(NZT)

Entrepreneurs: From coal to coffee in ex-mining town

Having failed all his exams, Scott James started a coffee roastery in his "forgotten" community.

Source: BBC News - Business | 17 Jan 2020 | 11:00 pm(NZT)

Collector pays UK-record £1m for rare coin

Only six Edward VIII sovereigns were made but it is not just its rarity that fascinates historians.

Source: BBC News - Business | 17 Jan 2020 | 9:02 pm(NZT)

Mukesh Ambani: Asia's richest man in $13bn ruling boost

India's Supreme Court rejects telecom operator's plea for relief on government levies.

Source: BBC News - Business | 17 Jan 2020 | 7:41 pm(NZT)



China's economic growth hits 30-year low

The world's second largest economy has seen weak domestic demand amid a trade war with the US.

Source: BBC News - Business | 17 Jan 2020 | 5:44 pm(NZT)

How the dog biscuit became a million dollar idea

The BBC's Aaron Heslehurst explains how the dog biscuit became a million dollar idea.

Source: BBC News - Business | 17 Jan 2020 | 1:25 pm(NZT)

Costs double for stalled Liverpool and Birmingham hospitals, report finds

Two hospitals started by collapsed engineering giant Carillion look set to open in 2022, years late.

Source: BBC News - Business | 17 Jan 2020 | 1:17 pm(NZT)

This is what a million pound coin looks like

An extremely rare Edward VIII sovereign has been sold for £1m, the most expensive UK coin ever sold.

Source: BBC News - Business | 17 Jan 2020 | 1:13 pm(NZT)

Does your company nurture neurodiverse talent?

Universal Music UK have changed their work culture to be more inclusive to neurodiverse people.

Source: BBC News - Business | 17 Jan 2020 | 1:07 pm(NZT)

Climate change: Extinction Rebellion end blockade at Shell's Aberdeen HQ

Extinction Rebellion staged a 13-hour protest at the base in Altens "to hold Shell to account".

Source: BBC News - Business | 17 Jan 2020 | 9:44 am(NZT)

F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger

Ajit Pai said the companies had won his support by making what he called “significant commitments” to expand rural broadband service, build a robust 5G network and sell off Boost Mobile.

Source: NYT > Business | 21 May 2019 | 2:19 am(NZT)

Google Restricts Huawei’s Access to Android After Trump Order

The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Source: NYT > Business | 21 May 2019 | 1:50 am(NZT)

‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money

The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

Mediator: Kissing Babies, Loving Scrapple, Fighting Viral Hoaxes: ’20 Race’s New Routine

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

Source: NYT > Business | 21 May 2019 | 12:37 am(NZT)

DealBook Briefing: Tech’s Cold War Just Started

Google, Qualcomm and Broadcom are among the companies that have reportedly frozen their supply of components and software to Huawei.

Source: NYT > Business | 20 May 2019 | 11:05 pm(NZT)

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no.

Source: NYT > Business | 20 May 2019 | 9:56 pm(NZT)

Whitney Houston’s Estate Plans a Hologram Tour and a New Album

The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

Amazon Faces Investor Pressure Over Facial Recognition

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)

Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds

Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.

Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)

TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?

A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.

Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)

















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