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Updated: 23 min 26 sec ago

MUFG says bank's CEO will not attend Saudi conference

5 hours 20 min ago
The CEO of Mitsubishi UFJ Financial Group's banking arm will not attend the Future Investment Initiative conference in Saudi Arabia, the group said on Sunday, joining a growing list of business executives to withdraw over concern about the death of journalist Jamal Khashoggi.

Audi's electric SUV faces four-week delay because of software bug

6 hours 14 min ago
Audi's first electric sport utility vehicle (SUV) will hit showrooms four weeks later than planned because of a software development issue, a spokesman for the German luxury car brand said on Sunday.

China says must balance stable growth and risk prevention

7 hours 53 min ago
China must balance the need for stable growth while managing risks and maintain a prudent and neutral monetary policy, the State Council, the country's cabinet, said on Sunday following a meeting of top economic and financial policymakers.

UBS warns staff over China travel after banker held in Beijing: source

Sat, 10/20/2018 - 2:25am
Swiss bank UBS Group AG. has asked its China wealth management staff to reconsider their travel plans to the country after authorities there asked one of its bankers to delay her departure from Beijing to meet with local officials, a person familiar with the matter said.

Apple CEO urges Bloomberg to retract spy chip story

Fri, 10/19/2018 - 6:49pm
Apple Inc Chief Executive Tim Cook on Friday told an online news website that Bloomberg should retract a story that claimed Apple's internal computer systems had been infiltrated by malicious computer chips inserted by Chinese intelligence agents.

Euro, pound rally on Brexit concession; global stocks dip

Fri, 10/19/2018 - 4:49pm
Stocks dipped on Friday, dragging a global index into a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said Britain is ready to drop a key Brexit demand.

S&P falls on interest rate, trade concerns; P&G lifts Dow

Fri, 10/19/2018 - 4:39pm
The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were offset by ongoing concerns about rising interest rates and tensions over trade policy denting economic growth.

Trump to meet heads of Boeing, Lockheed, Northrop at Arizona air base

Fri, 10/19/2018 - 4:14pm
U.S. President Donald Trump is scheduled to meet the chief executives of the biggest U.S. defense companies at Luke Air Force Base in Arizona on Friday to discuss how they can source more parts and materials domestically, people familiar with the meeting said on Friday.

Exclusive: CrowdStrike hires Goldman Sachs to lead IPO - sources

Fri, 10/19/2018 - 4:03pm
Cybersecurity software maker CrowdStrike Inc has hired investment bank Goldman Sachs Group to prepare for an initial public offering that could come in the first half of next year, people familiar with the matter said on Friday.

SEC investigates Honeywell for asbetos-related accounting

Fri, 10/19/2018 - 3:55pm
Honeywell International Inc said on Friday the U.S. Securities and Exchange Commission had opened an investigation into its accounting for asbestos-related liabilities.

Google to charge Android partners up to $40 per device for apps: source

Fri, 10/19/2018 - 3:50pm
Alphabet Inc's Google will charge hardware firms up to $40 per device to use its apps under a new licensing system to replace one that the European Union this year deemed anti-competitive, a person familiar with the matter said on Friday.

Frustrated GM investors ask what more CEO Barra can do

Fri, 10/19/2018 - 3:49pm
General Motors Co Chief Executive Mary Barra has transformed the No. 1 U.S. automaker in her almost five years in charge, but that is still not enough to satisfy investors.

U.S. landlords copy hotel model to cut risk as coworking surges

Fri, 10/19/2018 - 3:39pm
Leading owners of prime U.S. office space are taking a page from the hotel industry to boost profits from coworking's rapid growth and to mitigate some of the risk they assume when signing long-term leases with these flexible workspace providers.

Euro, pound rally on Brexit concession; global stocks pare gains

Fri, 10/19/2018 - 3:35pm
Stocks erased gains on Friday, with a global index struggling to avoid a fourth consecutive weekly loss, while the euro and sterling rallied against the dollar after a report said the UK is ready to drop a key Brexit demand.

S&P 500 index little changed despite strong P&G earnings

Fri, 10/19/2018 - 3:32pm
The U.S. benchmark S&P 500 stock index edged lower on Friday as strong earnings from Procter & Gamble Co were balanced by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic growth.

AbbVie CFO Chase to retire by mid-year 2019

Fri, 10/19/2018 - 3:26pm
AbbVie Inc said on Friday that William Chase stepped down as chief financial officer and will retire from the company in mid-2019, and the U.S. drugmaker promoted controller, Robert Michael, to the CFO role.

JPMorgan to build Silicon Valley fintech office

Fri, 10/19/2018 - 3:22pm
JPMorgan Chase & Co said on Friday that it was building a new "fintech campus" in Silicon Valley for more than 1,000 employees, as it pushes to keep abreast of changes in digital payments.

Canada gives Lockheed Martin first chance to bid on warships design

Fri, 10/19/2018 - 3:19pm
The Canadian government on Friday said Lockheed Martin Corp would be given first chance to bid on a contract to design 15 warships that will end up costing Canada around C$60 billion ($46 billion).

Fed's Kaplan sees two-three more rate hikes to hit 'neutral' level

Fri, 10/19/2018 - 2:29pm
Another two to three interest rate increases from the Federal Reserve will likely put U.S. borrowing costs in "neutral" territory where it is neither stimulating nor restricting economic growth, Dallas Federal Reserve President Robert Kaplan said on Friday.

U.S. extends deadline for investors to divest holdings in Russia's Gaz

Fri, 10/19/2018 - 2:18pm
The U.S. Treasury said on Friday it was extending a deadline for investors to divest certain operations, debt and equity of sanctioned Russian company Gaz Group until Dec. 12.

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