Business News
Iran says no OPEC member can take over its share of oil exports8/19/2018 9:49:38 AM Iran told OPEC on Sunday no member country should be allowed to take over another member's share of oil exports, expressing Tehran's concern about Saudi Arabia's offer to pump more oil in the face of U.S. sanctions on Iranian oil sales.Iran says it is seeking solution to sell oil and transfer revenues: IRNA8/19/2018 9:18:18 AM Iran's vice president said on Sunday the government was seeking solutions to sell oil and transfer its revenues after the United States withdrew from a nuclear deal with Tehran and slapped fresh sanctions on Iranian energy and banking sectors.VW's CEO was told about emissions software months before scandal: Der Spiegel8/18/2018 3:13:12 PM Volkswagen Chief Executive Herbert Diess was told about the existence of cheating software in cars two months before regulators blew the whistle on a multi-billion exhaust emissions scandal, German magazine Der Spiegel said.China's Geely in deal to let Malaysia's Proton tap new-energy, other vehicle tech in global push8/18/2018 1:09:43 PM Chinese automaker Geely has agreed to extend its existing partnership with Proton Holdings Berhad to upgrade the Malaysia carmaker's line-up of cars and power Proton go beyond Malaysia, part of an ongoing effort to help Proton establish a presence in China and other international markets.Chinese internet stock sell-off may shake faith in FANGs8/18/2018 6:59:59 AM A steep downturn in heavyweight Chinese internet stocks and recent weakness in half of the so-called FANG group have some investors worried that a key component of Wall Street's near-decade long rally may be low on fuel.Exclusive: U.S. government seeks Facebook help to wiretap Messenger - sources8/17/2018 11:42:17 PM The U.S. government is trying to force Facebook Inc to break the encryption in its popular Messenger app so law enforcement may listen to a suspect's voice conversations in a criminal probe, three people briefed on the case said, resurrecting the issue of whether companies can be compelled to alter their products to enable surveillance.Walmart asks some beauty suppliers to consider sourcing outside of China8/17/2018 10:06:48 PM Walmart Inc has asked some beauty suppliers to consider sourcing products from outside China, as it looks for ways to mitigate the impact of a new set of tariffs on Chinese products proposed by the Trump administration.Turkey's lira falls 3 percent, Trump won't take pastor's detention 'sitting down'8/17/2018 9:54:39 PM Turkey's battered lira weakened 3 percent on Friday after a Turkish court rejected an American pastor's appeal for release, drawing a stiff rebuke from President Donald Trump, who said the United States would not take the detention "sitting down".Trump backs CEOs, proposes easing corporate reporting rules8/17/2018 9:41:49 PM U.S. President Donald Trump asked securities regulators to explore replacing quarterly reporting requirements with half-yearly filings at the urging of executives including PepsiCo Chief Executive Indra Nooyi, reigniting a debate about how often companies should give financial updates to investors.Thyssenkrupp's interim chairman says structure is not sacrosanct: Focus8/17/2018 9:33:32 PM Thyssenkrupp's workers are prepared to do their part in the ongoing restructuring of the embattled conglomerate, its interim chairman and trade union secretary Markus Grolms told a German magazine.Venezuelans rush to shop, fill tanks before monetary overhaul8/17/2018 9:28:27 PM Jittery Venezuelans on Friday rushed to shops and lined up at gas stations on concerns that a monetary overhaul to lop off five zeros from prices in response to hyperinflation could wreak financial havoc and make basic commerce impossible.Wall Street rises on upbeat trade news8/17/2018 9:21:15 PM U.S. stocks closed higher on Friday, with the S&P 500 and the Dow Jones Industrial Average extending gains and the Nasdaq turning positive on reports of progress in tariff disputes between the United States and its trading partners China and Mexico.S&P lowers Turkey's credit rating deeper into junk territory8/17/2018 9:19:17 PM Standard & Poor's said on Friday it had cut Turkey's sovereign credit rating deeper into "junk" territory, citing extreme lira volatility and forecasting a recession next year, adding to the country's woes as it deals with a currency crisis.Moody's downgrades Turkey to Ba3, assigns negative outlook8/17/2018 9:17:00 PM Moody's cut Turkey's sovereign credit rating deeper into "junk" territory on Friday, citing a weakening of public institutions and the related reduction in the predictability of policy making in a country which is facing a currency crisis.Global stocks edge higher as Turkey worries offset U.S.-China trade talks8/17/2018 8:40:30 PM NEW YORK - Another steep decline in the Turkish lira on Friday pushed emerging market equities lower and kept other world markets cautious, overshadowing hopes that an upcoming U.S.-China meeting would resolve concerns over trade tariffs.Trump asks SEC to mull half-year corporate filings8/17/2018 8:19:18 PM U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.It will be tough for Trump's SEC to overhaul reporting rules8/17/2018 8:19:18 PM U.S. President Donald Trump said Friday that he wanted the Securities and Exchange Commission (SEC) to explore doing away with quarterly corporate reports, replacing them with filings every six months.SEC says it continues to study frequency of company reporting8/17/2018 8:19:18 PM The Securities and Exchange Commission will continue to study the frequency of public company reporting after President Donald Trump called on the agency to consider shifting from quarterly to semiannual reports, SEC Chairman Jay Clayton said on Friday.SEC moves to ease information disclosure requirements8/17/2018 8:19:18 PM The top U.S. securities regulator on Friday said it had voted to simplify and update requirements for disclosing information that it considers redundant or outdated, with the aim of reducing compliance burdens for companies.Musk's tunnel-boring firm seeks U.S. tariff exemption for Chinese parts8/17/2018 8:09:05 PM A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington.