Business News

• Macron calls for synergies, alliances' to strengthen Renault-Nissan June 26, 2019
  French President Emmanuel Macron on Wednesday called for further synergies and alliances to strengthen the Renault-Nissan partnership in a global market.
• Walmart aims to list minority stake in Japan unit Seiyu June 26, 2019
  Walmart said it aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, amid on-and-off speculation the U.S. retail giant was looking to exit Japan where it has struggled to grow.
• TechnipFMC resolves U.S. and Brazil probes, hopes to settle French case June 26, 2019
  Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities.
• TDR Capital to buy car auctioneer BCA Marketplace for $2.4 billion June 26, 2019
  British private equity firm TDR Capital on Wednesday said it offered to buy car auctioneer BCA Marketplace for about 1.91 billion pounds ($2.42 billion).
• U.S. aims to restart China trade talks, will not accept conditions on tariff use June 26, 2019
  The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday, but Washington will not accept any conditions around the U.S. use of tariffs in the dispute, a senior administration official said on Tuesday.
• Australian PM says Beijing should adopt reform to end U.S. trade war June 26, 2019
  Australian Prime Minister Scott Morrison said on Wednesday that China should reform its economy to end a trade war with the United States that is damaging the global economy, comments that could strain ties with the country's largest trading partner.
• Micron resumes some chip shipments to Huawei, boosting stock June 26, 2019
  Memory-chip maker Micron Technology Inc said it had resumed some shipments to China's Huawei Technologies Co Ltd and still expected demand for its chips to recover later this year, sending its shares 10% late on Tuesday.
• Asia stocks dip after Fed tapers aggressive easing expectations June 26, 2019
  Asian stocks dipped on Wednesday and the dollar inched up from three-month lows after Federal Reserve officials tempered expectations in the markets for aggressive monetary easing.
• Apple buys self-driving car startup Drive.ai June 26, 2019
  Apple Inc on Tuesday confirmed that it has acquired self-driving shuttle firm Drive.ai.
• Masters of what universe? Central bankers in a bind as G20 bickers over trade June 26, 2019
  For decades the United States led the push for lower tariffs worldwide, but President Donald Trump is testing the solidarity of his G20 peers with a protectionist line on trade, putting central bankers in a tough spot with depleted resources to battle a downturn that may be coming sooner than expected.