Business

Pence Kicks Off Japan Talks, Both Sides Seek ‘Near Term’ Results

U.S. Vice President Mike Pence on Tuesday put Japan on notice that Washington wants results "in the near future" from talks it hopes will open markets to U.S. goods, adding that the dialogue could lead to negotiations on a...

Toshiba Creditors Likely To Approve Chip Unit Collateral For $9.2 Billion Finance: Sources

Japan's Toshiba Corp is likely to win creditors' approval for offering its prized memory chip business stake as collateral for new loans and loan commitments worth around 1 trillion yen ($9.2 billion), sources briefed about the matter said on...

Uber May Face $1 Million Fine Over California Drunken-Driving Complaints

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Uber's popular ride-sharing network has repeatedly failed to promptly suspend and investigate its California drivers when passengers report them driving drunk, state regulators charged in an enforcement action, recommending $1.13 million in fines. The consumer protection arm of the California...

U.S. Job Openings Rise To Seven-Month High In February

U.S. job openings rose to a seven-month high in February while the pace of hiring slipped, pointing to a growing skills mismatch and a further tightening of labor market conditions. Job openings, a measure of labor demand, increased 118,000 to...

Apple May Ditch Dialog, Analyst Says, Hitting Chipmaker’s Shares

Dialog Semiconductor (DLGS.DE) risks losing a crucial supply deal with Apple Inc (AAPL.O), according to a financial analyst who cut his rating on the stock on Tuesday, sending the Anglo-German chipmaker's shares down by as much as one-third. Bankhaus Lampe...

Exclusive: OPEC Figures Show Oil Output Cuts Exceed Pledge In March – Sources

OPEC states cut oil output in March by more than they pledged under supply curbs, according to figures the exporter group uses to monitor its supply, extending a record of higher-than-expected adherence to its first production cut in eight...

South African Tumult Hinders Barclays’ Exit From Continent

Barclays' (BARC.L) plan to sell its African business and pull out of the continent are being hindered by South Africa's political upheaval and credit-rating downgrades, according to banking sources and fund managers. The British bank gave itself 2-3 years to...

Trump Promises Again To Revamp Wall Street Reform Rules

President Donald Trump told a group of chief executives on Tuesday that his administration was reducing regulations and revamping the Wall Street reform law known as Dodd-Frank, which might be eliminated and replaced with "something else." "We're going to reduce...

Forex: CBN Opens Special Window For SMEs, Begins Sale With $100m, BDCs Get $10,000 each

SAN FRANCISCO, April 10, (THEWILL) - The Central Bank of Nigeria (CBN) has opened a special Forex window for Small and Medium Enterprises (SMEs) to enable SMEs import eligible finished and semi-finished items not exceeding $20,000 for an enterprise...

AT&T Bets On 5G With Straight Path Communications Buy For $1.25 Billion

AT&T Inc (T.N) said on Monday it would buy Straight Path Communications Inc (STRP.A), a holder of licenses to wireless spectrum, for $1.25 billion in an all-stock deal as it aims to accumulate the airwaves it needs for a...