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Amazon to double down on groceries; foray deeper into fresh produce in India

April 22, 2018 by  

BENGALURU (Reuters) – Amazon.com Inc expects groceries and household products to account for over half of its business in India in the next five years, as it moves to broaden offerings in the segment and foray into areas such as fresh produce.


Source: Reuters Business News

HNA cuts stake in Deutsche Bank: filing

April 22, 2018 by  

BERLIN (Reuters) – Chinese conglomerate HNA has cut its stake in Deutsche Bank to 7.9 percent, according to a U.S. regulatory filing.


Source: Reuters Business News

China's ZTE seeks resolution of U.S. export ban

April 22, 2018 by  

BEIJING (Reuters) – China’s ZTE is seeking a resolution to a U.S. ban on selling it parts and software that it has said threatens its survival.


Source: Reuters Business News

Treasury chief may visit China as trade tensions simmer

April 21, 2018 by  

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin said on Saturday he may travel to China, a move that could ease tensions between the world’s two largest economies, as international policymakers acknowledged Beijing needs to change its trade practices.


Source: Reuters Business News

Japan may soften trade stance as U.S. keeps up pressure

April 21, 2018 by  

WASHINGTON (Reuters) – Despite calls to resist protectionism and for the United States to rejoin a multilateral trans-Pacific trade pact, Japan is gradually shifting gear to adjust to a trade environment shaken up by U.S. President Donald Trump.


Source: Reuters Business News

U.S. regulator permits China's ZTE to submit more evidence

April 21, 2018 by  

NEW YORK (Reuters) – The U.S. Commerce Department has granted ZTE Corp’s request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday.


Source: Reuters Business News

Telecom standards group puts new technology on hold in wake of U.S. probe

April 21, 2018 by  

WASHINGTON (Reuters) – A telecommunications standards organization – GSMA – said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless carriers.


Source: Reuters Business News

U.S. sanctions on Vekselberg have $1.5-$2 billion assets frozen: sources

April 21, 2018 by  

ZURICH/MOSCOW – Assets totaling between $1.5 billion and $2 billion have been frozen as a result of sanctions imposed on Russian oligarch Viktor Vekselberg and his Renova Group conglomerate, two sources close to the matter told Reuters on Saturday.


Source: Reuters Business News

Ford tells WPP it will take bids from other ad agencies

April 21, 2018 by  

LONDON (Reuters) – Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP , adding to uncertainty around the British ad giant after last week’s exit of founder Martin Sorrell.


Source: Reuters Business News

Multiple 'No' votes at Deutsche Bank's April 8 meet to change CEO – sources

April 21, 2018 by  

FRANKFURT (Reuters) – Multiple supervisory board members cast dissenting votes at a meeting that reshuffled top management at Deutsche Bank earlier this month, according to several people with knowledge of the matter.


Source: Reuters Business News

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