PG&E shares surge as company secures $5.5 billion in bankruptcy financing
U.S. power producer PG&E Corp’s shares surged as much as 16 percent on Tuesday after it said it had secured $5.5 billion in debtor-in-possession (DIP) financing from four banks as it prepares to file for Chapter 11 bankruptcy protection.
U.S. will seek extradition of Huawei CFO from Canada
The U.S. Justice Department said on Tuesday it will pursue the extradition of the chief financial officer of China’s Huawei Technologies Co Ltd’s [HWT.UL], arrested in Canada in December.
Cloud, services fuel IBM's profit beat, robust outlook; shares jump
IBM Corp beat analysts’ fourth-quarter earnings estimates and forecast full-year profit above expectations on Tuesday, as the company benefits from its focus on newer businesses such as cloud, software and services, sending its shares up about 7 percent.
China set to post slowest growth in 28 years in 2018, more stimulus seen
China is expected to report on Monday that economic growth cooled to its slowest in 28 years in 2018 amid weakening domestic demand and bruising U.S. tariffs, adding pressure on Beijing to roll out more support measures to avert a sharper slowdown.
Detained ex-Nissan exec Ghosn promises not to flee Japan if freed
Ousted Nissan Motor Co (7201.T) Chairman Carlos Ghosn on Sunday promised to remain in Japan and follow restrictions in exchange for his release from jail in the latest effort to persuade a court to grant him bail while he awaits trial on charges of financial misconduct.
Trump says deal 'could very well happen' with China
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.
Asia stocks gain on hopes for eased U.S.-China tension
TOKYO (Reuters) - Asian stocks gained early on Friday, as hopes for a thaw in the U.S.-China trade conflict fed investor appetites for risk assets.
Netflix forecast misses Wall Street view, shares dip
(Reuters) - Netflix Inc reported revenue and a first-quarter forecast slightly below Wall Street estimates on Thursday, sending shares of the world's largest streaming service down 4 percent in after-hours trading.
Wall Street advances as industrials jump on trade hopes
NEW YORK (Reuters) - U.S. stocks advanced on Thursday as hopes of a resolution to the trade dispute between the United States and China boosted industrial shares and lifted investor sentiment.
Trump 'inclined' to impose new U.S. auto tariffs: senator
U.S. President Donald Trump is likely to move ahead with tariffs on imported vehicles, a move that could prompt the European Union to agree a new trade deal, said Senate Finance Committee Chairman Charles Grassley on Wednesday.