Asian stocks fail to catch Wall Street’s Fed rally as trade angst persists

Asian stocks fail to catch Wall Street’s Fed rally as trade angst persists
TOKYO (Reuters) – Asian stocks struggled on Friday to follow Wall Street’s euphoria about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded investor sentiment in the region. A passerby walks past in front of a stock quotation board outside a brokerage in Tokyo, Japan, May 10, 2019. REUTERS/Issei Kato Also tempering appetite in Asia... Read More

U.S. regulator bars airlines from flying over some Iran-controlled airspace

U.S. regulator bars airlines from flying over some Iran-controlled airspace
(Reuters) – The U.S. Federal Aviation Administration on Thursday issued an emergency order prohibiting U.S. operators from flying in an overwater area of Tehran-controlled airspace over the Strait of Hormuz and Gulf of Oman due to heightened tensions. FILE PHOTO: A vehicle of the airport rescue and firefighting services stands in front as a Boeing 767-400ER aircraft of United Airlines... Read More

Foxconn chairman hands over reins ahead of presidential bid

Foxconn chairman hands over reins ahead of presidential bid
TAIPEI (Reuters) – Foxconn Chairman Terry Gou said on Friday he will hand over the running of the world’s largest electronics contract manufacturer to a new operations committee as he prepares to contest Taiwan’s presidential elections next year. FILE PHOTO: Terry Gou, founder and chairman of Foxconn reacts during an interview with Reuters in New Taipei City, Taiwan June 12,... Read More

United Airlines suspends Newark-Mumbai flights over Iran airspace concerns

United Airlines suspends Newark-Mumbai flights over Iran airspace concerns
FILE PHOTO: A vehicle of the airport rescue and firefighting services stands in front as a Boeing 767-400ER aircraft of United Airlines takes off from Zurich airport, April 9, 2019. REUTERS/Arnd Wiegmann (Reuters) – United Airlines said it had suspended flights from New Jersey’s Newark airport to the Indian financial capital of Mumbai following a safety review after Iran shot... Read More

Asian stocks fail to catch Wall Street’s Fed cheer as trade angst dominates

Asian stocks fail to catch Wall Street’s Fed cheer as trade angst dominates
TOKYO (Reuters) – Asian stocks struggled on Friday to track Wall Street’s exuberance about a possible U.S. rate cut next month as anxiety over Sino-U.S. trade negotiations clouded the investor mood in the region. FILE PHOTO: A woman wearing a kimono walks past an electronic board showing the Nikkei stock index outside a brokerage in Tokyo, Japan, May 14, 2019.... Read More

Nissan grants Renault execs boardroom seats, ending dispute

Nissan grants Renault execs boardroom seats, ending dispute
FILE PHOTO: The logo of French car manufacturer Renault is seen at a dealership of the company in Bordeaux, France, June 12, 2019. REUTERS/Regis Duvignau/File Photo TOKYO/PARIS (Reuters) – Japan’s Nissan said on Friday it would grant alliance member Renault’s representatives seats on key committees of its board, ending a dispute between the two automakers. Nissan said it will give... Read More

Walmart to pay $282 million to settle seven-year global corruption probe

Walmart to pay $282 million to settle seven-year global corruption probe
WASHINGTON (Reuters) – Walmart Inc said on Thursday it will pay $282 million to settle a seven-year-long investigation into whether its overseas units in Mexico, Brazil, China and India violated the U.S. Foreign Corrupt Practices Act. FILE PHOTO: The main entrance to a Walmart store is pictured in Sao Paulo, Brazil February 14, 2018. REUTERS/Paulo Whitaker/File Photo The retailer will... Read More