Nike to waive performance targets for pregnant athletes - report

Latest Business News - Sat, 05/25/2019 - 13:52
Sportswear giant Nike will waive performance-based targets for 12 months for any of their pregnant athletes after several runners revealed they had their payments frozen, according to a New York Times report on Friday.

Trump urges greater Japanese investment in U.S., knocks trade advantage

Latest Business News - Sat, 05/25/2019 - 13:21
U.S. President Donald Trump urged Japanese business leaders on Saturday to increase their investment in the United States while saying Japan had a substantial edge on trade that negotiators were trying to even out.

ECB hopeful Rehn lays out challenges facing Draghi successor

Latest Business News - Sat, 05/25/2019 - 13:05
European Central Bank presidential hopeful Olli Rehn spelled out the challenges facing Mario Draghi's successor in an interview published on Saturday, but declined to comment on the process.

China's top banking regulator says yuan bears will suffer 'heavy losses'

Latest Business News - Sat, 05/25/2019 - 12:51
China's banking and insurance regulator said on Saturday it did not expect a persistent decline in the yuan and warned speculative short sellers they would suffer "heavy losses" if they bet against the currency.

Trump urges greater Japanese investment in U.S., knocks trade advantage

Latest Business News - Sat, 05/25/2019 - 12:41
U.S. President Donald Trump urged Japanese business leaders on Saturday to increase their investment in the United States while saying Japan had a substantial edge on trade that negotiators were trying to even out.

Mexico tax plan for riding hailing firms may soon be mandatory: Cabify

Latest Business News - Sat, 05/25/2019 - 08:37
A tax withholding plan in Mexico for drivers at ride-hailing firms envisaged as voluntary when it was unveiled earlier this week could become obligatory in 2020, Spanish company Cabify said on Friday.

Corrected: Huawei shipments could fall by up to a quarter this year - analysts

Latest Business News - Sat, 05/25/2019 - 06:39
(This story was corrected to clarify that Huawei market share data in the 10th paragraph is for Europe, not global)

India plans liquidity buffer at shadow banks to aid stressed sector

Latest Business News - Sat, 05/25/2019 - 05:59
The Reserve Bank of India (RBI) on Friday proposed introducing a liquidity coverage ratio (LCR) for large non-banking finance companies (NBFC) to help tackle liquidity problems in the sector.

Amazon facial recognition ban won just 2% of shareholder vote

Latest Business News - Sat, 05/25/2019 - 03:54
Amazon.com Inc shareholders overwhelmingly rejected a proposal that the company stop selling facial recognition technology to government agencies, while a resolution to audit the service drew more support, a regulatory filing on Friday showed.

For Anderson family, an early bet on SMA gene therapy

Latest Business News - Sat, 05/25/2019 - 02:39
When Malachi Anderson was diagnosed with a rare and often deadly disease called spinal muscular atrophy (SMA) as an infant nearly four years ago, his parents Tina and Torence had a decision to make.

Novartis $2 million gene therapy for rare disorder is world's most expensive drug

Latest Business News - Sat, 05/25/2019 - 02:39
Swiss drugmaker Novartis on Friday won U.S. approval for its gene therapy Zolgensma for spinal muscular atrophy (SMA), the leading genetic cause of death in infants, and priced the one-time treatment at a record $2.125 million.

Uber's first employee, Ryan Graves, resigns from board

Latest Business News - Sat, 05/25/2019 - 02:02
Uber's first employee and one-time chief executive Ryan Graves will step down from the company's board of directors, Uber said on Friday.

Qatar says economic conditions for Israeli-Palestinian peace require 'fair political solutions'

Latest Business News - Sat, 05/25/2019 - 01:34
Qatar said on Friday that economic development needed for Israeli-Palestinian peace could not be achieved without "fair political solutions" acceptable to Palestinians, referring to a U.S. plan set to be unveiled next month.

Wall Street Week Ahead: Trade protection doesn't have to exclude growth stocks

Latest Business News - Sat, 05/25/2019 - 01:33
The escalating U.S.-China trade war has sent dividend-rich sectors like utilities higher, but investors don't need to get all defensive just yet, according to strategists who say there are plenty of growth stocks with some insulation from China.

Oil rises more than 1% but sets biggest weekly loss of 2019

Latest Business News - Sat, 05/25/2019 - 00:20
Oil prices climbed more than 1% on Friday ahead of long U.S. and UK holiday weekends, but posted the biggest weekly drop of the year, pressured by rising inventories and worries about the global economy.

Wall St. edges higher after Trump sparks U.S.-China trade hopes

Latest Business News - Sat, 05/25/2019 - 00:18
Wall Street's major stock indexes edged higher on Friday after falling in the previous session, as hopeful comments from U.S. President Donald Trump regarding trade relations with China assuaged concerns among some investors.

Erdogan says Turkey may extend special consumption tax cuts on cars

Latest Business News - Sat, 05/25/2019 - 00:17
Turkish President Tayyip Erdogan said on Friday his government may extend existing special consumption tax cuts on cars when they expire next month, in a move aimed at boosting declining car sales.

Global stocks climb on muted trade hopes, dollar slips

Latest Business News - Sat, 05/25/2019 - 00:16
World equity markets rebounded on Friday from the previous day's sharp fall, after U.S. President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal.

Global stocks climb on muted trade hopes, dollar slips

Latest Business News - Sat, 05/25/2019 - 00:09
World equity markets rebounded on Friday from the previous day's sharp fall, after U.S. President Donald Trump said complaints against China's Huawei Technologies Co Ltd might be resolved within the framework of a Sino-U.S. trade deal.

Big drug distributor pays $22 million to settle U.S. opioid charges

Latest Business News - Fri, 05/24/2019 - 23:20
Morris & Dickson Co, one of the largest U.S. wholesale drug distributors, agreed to pay $22 million in civil penalties to settle U.S. government charges that it failed to report thousands of suspicious orders of the opioids hydrocodone and oxycodone.

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