Business News

• Trade war puts new strains on America Inc's factories in China August 20, 2018
  Larry Sloven arrived in southern China three decades ago, just as the region was taking off as the low-cost manufacturing center of the world. Since then, he has exported millions of dollars of goods, ranging from power tools to LED lights, to some of America's biggest retailers.
• For Greece's austerity-hit elderly, bailout "will never end" August 20, 2018
  With two euros in his pocket, Yorgos Vagelakos, an 81-year-old retired factory worker, scouts the farmer's market in his working-class Athens neighborhood for anything he can afford.
• Greece set to exit bailout, still faces daunting challenges August 20, 2018
  Greece exits the last of its three bailouts on Aug. 20 and hopes to be able to borrow again in international markets after a nearly nine-year debt crisis that shrank the economy by a quarter and forced it to implement painful austerity measures.
• PepsiCo to buy Israel's SodaStream in $3.2 billion deal August 20, 2018
  PepsiCo is buying household drink-machine maker SodaStream in a $3.2 billion deal, it said on Monday, seeking an edge in health-conscious beverages as it battles chief rival Coca-Cola .
• UK regulator fines KPMG for misconduct on Ted Baker audit August 20, 2018
  The UK's Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker's accounts.
• Asia shares nudge up with yuan, wary on Sino-U.S. talks August 20, 2018
  Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows.
• U.S. firms warn next China tariffs to cost Americans from cradle to grave August 20, 2018
  A broad cross-section of U.S. businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins.
• China, U.S. to hold lower-level trade talks in late August August 20, 2018
  (This version of the August 16 story corrects wording on tariffs in the fourth paragraph)
• Noble Group founder declines executive director role in restructured firm August 20, 2018
  Embattled commodity trader Noble Group Ltd said on Monday that its founder, Richard Elman, will not take up a previously announced position as an executive director in the restructured company, citing "personal reasons".
• Global luxury brands again chase China's young, rich and spendthrift August 19, 2018
  Global luxury brands from Prada to LVMH are investing in China for the first time since a crackdown on conspicuous spending five years ago, focusing on smaller, less developed cities even as the world's second-largest economy slows.