Business News :

U.S. farmers look past trade fears to cash in on China's hog crisis

It might seem an unlikely time for U.S. farmers to look to China for more business but the devastating impact of African swine fever on the Chinese pork industry is trumping concerns about trade wars and tariffs.

Huawei's U.S. research arm slashes more than 70% of workforce

China's Huawei Technologies Co Ltd [HWT.UL] said it is slashing more than 600 jobs at its Futurewei Technologies research arm in the United States after being placed on a trade blacklist by the U.S. government.

LG Display to invest $2.6 billion in OLED panel plant in South Korea

LG Display said on Tuesday that it would invest 3 trillion won ($2.6 billion) in its organic light-emitting diode (OLED) panels production line in South Korea.

Australian financial watchdog proposes tighter terms for executive pay

Australia's prudential watchdog has proposed tighter terms for executive pay at the country's financial firms, after a public inquiry last year blamed flawed incentives for widespread wrongdoing in the industry.

Global Markets: Easing hopes prop up global stocks, pound sags as Britain eyes new PM

Expectations of policy easing by major central banks such as the Federal Reserve propped up global stocks on Tuesday, while the pound sagged as Britain braced for a new prime minister who could pave the way for a no-deal exit from the European Union.

Trump agrees to prompt responses to licence requests for Huawei sales

President Donald Trump agreed at a meeting with the heads of top technology companies like Google on Monday to make "timely" decisions on requests by U.S. companies to sell to blacklisted Huawei Technologies Co Ltd [HWT.UL], the White House said.

Equifax consumers face uphill battle for claims

Consumers affected by the massive Equifax Inc data breach in 2017 will not reap any windfalls from the credit reporting company's $700 million U.S. settlement announced on Monday, but may face a cumbersome process to get compensation.

Trump meets with tech CEOs on Huawei

U.S. President Donald Trump met on Monday with the chief executives of seven technology companies and he agreed with their request for timely licensing decisions from the Commerce Department on blacklisted Chinese firm Huawei Technologies, the White House said.

Fitch, Moody's cut Boeing's debt outlook to 'negative' on 737 MAX problems

Fitch Ratings and Moody's lowered their outlooks for Boeing Co to "negative" from "stable" on Monday, citing delays in its 737 MAX jets' return to service.

Lebanon bank deposits expected to recover from dip - senior banker

Deposits in Lebanese banks are expected to recover from a dip in the first five months of 2019 as customer optimism returns after approval of the state budget, the chairman of the Association of Banks in Lebanon said on Monday.

Shipping companies sue Philadelphia Energy Solutions for $600,000 in unpaid bills

Three Greek shipping companies sued U.S. refiner Philadelphia Energy Solutions Inc (PES) for about $600,000, claiming the company did not pay them for fees incurred by crude oil tankers chartered earlier this year, court documents showed.

Ford to upgrade Chicago plant for SUVs, hire 450 workers

Ford Motor Co said on Monday it would invest $50 million upgrading a Chicago facility to partially assemble hybrid electric SUVs and vehicles for police use, creating 450 jobs.

S&P 500 climbs towards record high, earnings in focus

The S&P 500 climbed towards a record high on Monday, supported by expectations of lower interest rates, while investors awaited quarterly earnings from marquee companies Facebook, Alphabet and Amazon later this week.

Rise in India government borrowing can weigh on corporate sector - RBI's Acharya

An increase in government borrowing runs the risk of flooding the debt market, while making it expensive for companies to borrow, according to outgoing Reserve Bank of India Deputy Governor Viral Acharya.

'I've got other numbers!' Debate rages over recession in Mexico

Mexico's economy, the 2nd largest in Latin America, has hit a rough patch, weighed down by dwindling business confidence and an industrial slump.

Equifax's $700 million data breach settlement spurs criticism, calls for new rules

Credit-reporting company Equifax Inc will pay up to $700 million to settle claims it broke the law during a massive 2017 data breach and to repay harmed consumers, in a landmark settlement that was nonetheless criticized by consumer advocates and some lawmakers who called for stricter regulation.

Oil prices strengthen more than 1% on Iran risk

Oil prices rose more than 1% on Monday, as investors worried about possible supply disruptions in the energy-rich Middle East after Iran's seizure of a British tanker last week.

Whirlpool earnings beat estimates as higher prices offset tariff impact

Whirlpool Corp on Monday reported better-than-expected quarterly earnings and lifted its full-year profit forecast, as the appliance maker raised prices on its washing machines and kitchen appliances to offset higher production costs.

Acadia's schizophrenia treatment misses late-stage main goal; shares fall 16%

Acadia Pharmaceuticals Inc said on Monday its add-on treatment for schizophrenia failed to meet the main goal in a late-stage study.

Witness tells court Eni official bribed him to retract allegation

A witness in a corruption case involving Italian oil firm Eni told a court on Monday that a senior official from the company had bribed him to withdraw his allegations of graft, which he had agreed to do.