Business News :

Exclusive: T-Mobile, Sprint see Huawei shun clinching U.S. deal - sources

T-Mobile US Inc and Sprint Corp believe their foreign owners' offer to stop using Huawei Technologies equipment will help with the United States clearing their $26 billion merger deal, sources said, underscoring the lengths to which Washington has gone to shut out the Chinese company.

Saudi Arabia pledges Tunisia financial aid of about $830 million

Saudi Arabia has pledged financial aid to Tunisia worth about $830 million, Tunisian Prime Minister Youssef Chahed told reporters on Saturday after a visit to Saudi Arabia.

Western tourists trickle into Saudi Arabia as it tries to open up

Western tourists, a rarity in Saudi Arabia, visited this weekend under a new visa system, as one of the world's most inaccessible countries tries to open up its society and diversify its economy away from oil.

Wanda inks $1.7 billion 'red tourism' site in China's Communist heartland  

China's Wanda group has signed a deal to build a sprawling complex for patriotic tourists to visit a site where the ruling Communist Party's traces its revolutionary roots in northwestern Shaanxi province.

Court clears way for reopening Vedanta copper smelter, Tamil Nadu government to appeal

An environment court set aside on Saturday the Tamil Nadu state government's order to close Vedanta's copper smelter plant permanently, taking the company closer to reopening its facility in southern India.

Europe must fight illiberal forces, Draghi warns

The spread of illiberal ideology is threatening the euro but it is an illusion that leaving it would offer an easier path, European Central Bank President Mario Draghi said on Saturday.

German railway Deutsche Bahn reaches wage agreement with union

German railway Deutsche Bahn said on Saturday that it had reached a wage agreement with the EVG union following a walkout earlier this week.

Qatar's private sector grew almost 6 percent in 2018 despite oil price volatility

Qatar's private sector grew by almost 6 percent in 2018 despite volatile oil prices, its finance minister said on Saturday.

Boeing opens first 737 plant in China amid U.S.-Sino trade war

Boeing Co opened its first 737 completion plant in China on Saturday, a strategic investment aimed at building a sales lead over arch-rival Airbus in one of the world's top travel markets that has been overshadowed by the U.S-China trade war.

China's November home price growth slows as smaller cities cool

Growth in China's new home prices slowed in November as markets in smaller cities lost some of their heat, though the sector remained relatively resilient amid a broader slowdown in economic activity.

China to halt added tariffs on U.S.-made cars in easing of trade tensions

China will temporarily suspend additional 25 percent tariffs on U.S.-made vehicles and auto parts starting Jan. 1, 2019, the finance ministry said on Friday, following a truce in a trade war between the world's two largest economies.

Mexico loses 10-year WTO battle over U.S. tuna labelling

The United States won a legal battle over "dolphin safe" tuna-labelling on Friday, when the World Trade Organization's appeals judges dismissed Mexico's argument that the U.S. labelling rules violated WTO rules.

Noble says to push forward with restructuring after Bermuda court order

Noble Group said on Friday it will take steps to complete its restructuring as soon as possible after a Bermuda court appointed an officer to facilitate the process.

Wall Street tumbles on global growth worries, J&J decline

Wall Street's three major indexes tumbled on Friday and the Dow confirmed a correction as weak data from China and Europe stoked fears of a global economic slowdown, while Johnson & Johnson shares were the biggest drag after Reuters reported the company knew for decades that its Baby Powder contained asbestos.

Global growth worry hits stocks, but U.S. data lifts dollar

A gauge of global stocks tumbled on Friday after weak economic data from China and Europe intensified global growth worries as investors weighed the broader impact of the trade dispute between the United States and China.

U.S. sets new March 2 date for China tariff increases amid talks

The U.S. Trade Representative's office on Friday officially changed the scheduled date of a tariff rate increase on $200 billion worth of Chinese goods to 12:01 a.m. EST (0501 GMT) on March 2, 2019 as the United States and China pursue talks on trade and intellectual property.

Farm, automaker groups press U.S. officials to push for more EU access

U.S. farm, automaker and food and beverage groups pressed the Trump administration on Friday to ensure that any new trade talks with the European Union lead to an increase in their access to EU markets with less red tape.

Irish regulator investigates Facebook over private photo glitch

An Irish regulator said on Friday it was investigating Facebook Inc following the company's disclosure that a bug may have exposed private photos of up to 6.8 million users, the latest in a series of Facebook privacy glitches.

Starbucks sales growth to be steady despite UberEats deal, plans for China expansion

Starbucks Corp said on Thursday it was partnering with UberEats for delivery from about 3,500 U.S. stores and would nearly double its outlets in China over the next four years, but forecast that same-store sales would remain steady, sending shares down 3 percent.

Bond giant Pimco expects 30 percent chance of U.S. recession in '19

Declining global economic growth rates will boost defensive stocks and could lead to opportunities in emerging market currencies and mortgage bonds in the year ahead, asset manager Pacific Investment Management Co (Pimco) said in its 2019 outlook on Thursday.