Wednesday, 4 July 2018

China says will not fire first shot in trade war with U.S.

China says will not fire first shot in trade war with U.S.

BEIJING (Reuters) - China will "absolutely not" fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday.

WPP warns Sorrell he could lose payout over M&A clash: source

LONDON (Reuters) - Martin Sorrell is at risk of losing his multi-million pound exit package from WPP after his new advertising venture sought to buy a business that his former employer is also pursuing, a person familiar with the matter told Reuters.

Content-hungry bidders circle 'Big Brother' maker Endemol

FRANKFURT/LONDON (Reuters) - Several bidders, including Liberty Global, are preparing offers for TV production company Endemol Shine, maker of classic reality show 'Big Brother' and the dystopian 'Black Mirror' dramas, before an initial deadline next week.

Trade worries dent stocks, yuan steadies

LONDON (Reuters) - World stocks were flat on Wednesday amid growing anxiety ahead of Washington's end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China's central bank acted to calm investors.

Blame 'superstar' tech firms for slow wage growth: OECD

PARIS (Reuters) - Fast-growing "superstar" tech firms are taking a growing share of national income in many countries, leaving workers' overall wage growth subdued, the Organization for Economic Cooperation and Development said on Wednesday.

China's HNA Chairman Wang dies in France after falling from a wall

BEIJING/MARSEILLE, France (Reuters) - Chinese conglomerate HNA Group [HNAIRC.UL] Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph.

Netflix turns to Bollywood to script India growth story

(Reuters) - Netflix Inc premiered its first original series in India in a sheen of Bollywood glitter on Wednesday, upping the stakes in its battle with streaming rival Amazon Prime for a chunk of the country's more than 1 billion potential viewers.

General Motors's China vehicle sales growth rate eases in second-quarter

BEIJING (Reuters) - U.S. automaker General Motors Co said on Wednesday its second-quarter sales in China increased 0.7 percent to 858,344 vehicles compared with the same period a year ago.

British Supreme Court rejects Goldman Sachs appeal vs Novo Banco

LISBON (Reuters) - Britain's Supreme Court dismissed on Wednesday an appeal by Goldman Sachs for compensation from Portugal's Novo Banco over a $835 million loan to Novo Banco's bankrupt predecessor, Banco Espirito Santo (BES), which was carved up by the state in 2014.

Exclusive: Dubai regulator probes Abraaj over alleged mismanagement - sources

DUBAI (Reuters) - Dubai's financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said.

Related Videos

Brussels supermarket grows its own - on rooftop garden

ZTE given temporary reprieve from U.S.

Read Reuters on the go

Download the free Reuters News app today for breaking news, analysis and market data from the world's most trusted news organization.

Get the app