Business News

• EU tax on big digital companies could be struck by March: French minister January 19, 2019
  A European Union-wide tax on the world's top digital companies could be reached by the end of March, French Finance Minister Bruno Le Maire said in an interview published on Sunday.
• EU must approve Siemens/Alstom deal, says French finance minister January 19, 2019
  The European Union must approve the tie-up between Germany's Siemens and French group Alstom , said French Finance Minister Bruno Le Maire, who added he would meet a main European regulator to express his support for the deal.
• Exclusive: U.S. demands regular review of China trade reform January 19, 2019
  The United States is pushing for regular reviews of China's progress on pledged trade reforms as a condition for a trade deal - and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations.
• GM warns workers in Brazil on losses, tough turnaround plan January 19, 2019
  General Motors Co has warned employees in Brazil that new investments there depend on a painful plan to return to profit in the country, according to a memo seen by Reuters on Saturday.
• Trump says deal 'could very well happen' with China January 19, 2019
  U.S. President Donald Trump said on Saturday there has been progress toward a trade deal with China, but denied that he was considering lifting tariffs on Chinese imports.
• Qatar emir to attend Beirut's Arab economic summit January 19, 2019
  Qatar's emir will visit Beirut on Sunday for an Arab economic summit which has been marred by regional rifts and internal Lebanese disputes even before it began.
• Supermarket retailer Casino to sell six stores to rival Leclerc January 19, 2019
  French supermarket retailer Casino , in the process of divesting assets to cut debts, has agreed to sell six of its 'Geant' hypermarket stores to domestic rival Leclerc for 100.5 million euros ($114 million).
• U.S. chipmakers may give clues on China hazard January 19, 2019
  Intel Corp operates mostly outside the Apple-sphere, and that is exactly why whatever it says next week about business in its vital Chinese market matters so much for investors.
• Malaysia court rules in favor of Wynn Macau in $4.2 million case: lawyer January 19, 2019
  A Malaysian judge on Friday ruled in favor of Wynn Macau in a case against a fund manager who owed the casino millions of dollars, the company's lawyer said, the first time a casino has been allowed to recover dues in the country.
• LJM Partners sues unnamed 'manipulators' it blames for volatility losses January 19, 2019
  LJM Partners Ltd on Friday filed a lawsuit against unnamed parties it holds responsible for hundreds of millions of dollars it lost after last year's jump in stock market volatility that effectively put the fund manager out of business.