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Updated: 1 hour 40 min ago

Irish Supreme Court rejects Facebook bid to block ECJ data case

Fri, 05/31/2019 - 10:38
Ireland's Supreme Court on Friday dismissed a bid by Facebook to block a landmark privacy case, regarding the transfer of EU users' data to the United States, being referred to Europe's top court.
Categories: Financial Media

Factbox: British owner puts long-running Greyhound buses up for sale

Fri, 05/31/2019 - 10:33
(This May 30 story Amends reference to Greyhound in second paragaph to "largest")
Categories: Financial Media

Japan's MUFG offers redundancy to 500 senior bankers in London: source

Fri, 05/31/2019 - 10:10
Japan's Mitsubishi UFJ Financial Group is offering voluntary redundancy packages to 500 managing directors and directors in its London office, a source familiar with the matter said on Friday.
Categories: Financial Media

Global stocks decline, bonds surge on Trump's Mexico threat

Fri, 05/31/2019 - 10:06
European stocks tumble and sovereign bonds surged on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States into recession while disappointing China data added to the woes.
Categories: Financial Media

How Trump's trade tariff tweet put Mexico's back to the wall

Fri, 05/31/2019 - 09:45
It should have been a good day for Mexico's veteran point man for trade with the rest of North America.
Categories: Financial Media

Factbox: Auto, other industries' manufacturing presence in Mexico

Fri, 05/31/2019 - 09:03
U.S. President Donald Trump said on Thursday a tariff of 5% would be imposed on all goods coming from Mexico, increasing gradually each month until reaching 25% on Oct. 1, unless Mexico takes immediate action to curb illegal immigration.
Categories: Financial Media

FCA CEO Manley sold shares for $3.5 million this week to cover personal expense

Fri, 05/31/2019 - 08:36
Fiat Chrysler Chief Executive Mike Manley sold shares in the car maker for $3.46 million on May 28, the day after the announcement of a merger proposal to French rival Renault, a regulatory filing showed.
Categories: Financial Media

KKR hires former Australian Prime Minister Turnbull as global senior advisor

Fri, 05/31/2019 - 08:30
KKR & Co has appointed former Australian Prime Minister Malcolm Turnbull as a global senior advisor, the global investment firm told Reuters on Friday.
Categories: Financial Media

Hard for Xi, Trump to make progress on trade: former China central bank chief

Fri, 05/31/2019 - 07:12
China's President Xi Jinping and U.S. President Donald Trump are likely to find it "difficult" to make major progress toward ending their countries' trade war when they meet at a G20 summit in Japan in June, a former top Chinese official said on Friday.
Categories: Financial Media

U.S., China firms scramble as new tariffs hurt business

Fri, 05/31/2019 - 07:08
Shanghai wine importer Alex Chen has spent the last 10 days moving all his American wines - from chardonnays to zinfandels - out of warehouses in the city's free trade zone before they are hit with an extra tariff that kicks in on Saturday.
Categories: Financial Media

Trump vows rapid, high tariffs on Mexico unless illegal immigration ends

Fri, 05/31/2019 - 07:05
U.S. President Donald Trump, responding to a surge of illegal immigrants across the southern border, vowed on Thursday to impose a tariff on all goods coming from Mexico, starting at 5% and ratcheting much higher until the flow of people ceases.
Categories: Financial Media

Automakers tremble in Asia as Trump threatens Mexico tariffs

Fri, 05/31/2019 - 07:05
Shares of major Asian automakers and suppliers tumbled on Friday after U.S. President Donald Trump threatened to slap tariffs on imports from Mexico from next month, potentially upending a decades-old business model of global manufacturers.
Categories: Financial Media

Mexico central bank board member says this is 'game changer' after U.S. tariff threat

Fri, 05/31/2019 - 07:05
Mexican central bank board member Jonathan Heath said on Twitter Thursday night "this is a game changer," after U.S. President Donald Trump vowed to impose a tariff on all goods coming from Mexico if the flow of illegal immigrants across the southern border is not stopped.
Categories: Financial Media

Stocks shaken, bonds surge as Trump risks recession

Fri, 05/31/2019 - 06:51
U.S. stock futures slid and sovereign bonds surged on Friday as investors feared President Donald Trump's shock threat of tariffs on Mexico risked tipping the United States, and maybe the whole world, into recession.
Categories: Financial Media