Category: Business

The Trump administration took another swipe at China and its biggest firms on Thursday, imposing sanctions on officials and companies for alleged misdeeds in the South China Sea and imposing an investment ban on nine more firms. The moves come just days before Trump steps down and President-elect Joe Biden takes office. Executives of state-owned […]

PepsiCo Inc said on Friday it would suspend political donations, joining a long list of companies that are re-evaluating or halting political donations following a move to challenge U.S. President-elect Joe Biden’s victory. Last week, five people lost their lives, including a police officer, when supporters of President Donald Trump stormed the Capitol in an […]

A blistering rally in the shares of regional banks may be tested when a spate of lenders report results in the coming week. Regional banks in the S&P 500 have surged 11% since the beginning of the year, beating out the gains in larger, more diversified banks by about a percentage point over the same […]

Pension fund managers and religious investors on Friday asked top social media companies to step up their content control efforts to reduce the threat of violence ahead of the inauguration of U.S. President-elect Joe Biden next week. The effort is the latest pressure on Facebook Inc, Twitter Inc and Alphabet Inc over extreme rhetoric after […]

BlackRock has sold almost all its stake in China Telecom, a company subject to a new ban on U.S. investment, a stock market filing on Friday showed. The move comes as U.S. investors scramble to exit stocks subject to the sanctions, which ban Americans from owning companies deemed to have links with China’s military. The […]

A German court in Braunschweig, Germany, said on Friday it had halted criminal proceedings against former Volkswagen CEO Martin Winterkorn for alleged market manipulation as part of the carmaker’s emissions scandal. The court said it had decided to discontinue the proceedings as the expected sentence in another case, in which Winterkorn faces charges for his […]

President-elect Joe Biden outlined a $1.9 trillion stimulus package proposal on Thursday, saying bold investment was needed to jump-start the economy and accelerate the distribution of vaccines to bring the coronavirus under control. Biden campaigned last year on a promise to take the pandemic more seriously than President Donald Trump, and the package aims to […]