As Treasury yields rally to multi-month highs, some investors are gauging how a more sustained rise could impact equity markets. Yields on the 10-year Treasury, which move inversely to bond…
Category: Business
Qualcomm receives U.S. permission to sell 4G chips to Huawei in exception to ban
Qualcomm Inc on Friday received a license from the U.S. government to sell 4G mobile phone chips to China’s Huawei Technologies Co Ltd, an exemption to U.S. trade restrictions imposed…
Walmart nearly exits Japan after selling majority stake in Seiyu
Walmart Inc WMT.N is selling a majority stake in Japanese supermarket chain Seiyu to investment firm KKR KKR.N and e-commerce company Rakuten 4755.T for over $1 billion, after suffering years…
Parent of BMW’s Chinese JV partner may undergo bankruptcy restructuring
Brilliance Automotive Holdings, the Chinese joint venture partner of BMW BMWG.DE, said its parent Huachen Automotive Group may undergo restructuring after a creditor filed an application to a Chinese court.…
PNC nears deal to buy BBVA’s U.S. banking arm for more than $10 billion
PNC Financial Services Group Inc PNC.N is nearing an all-cash deal to buy the U.S. business of Spanish lender BBVA BBVA.MC for more than $10 billion, further consolidating the U.S.…
Australian airline Qantas turns 100 years old
Qantas Airways Ltd QAN.AX turned 100 years old on Monday, making it the world's third-oldest airline behind Dutch carrier KLM AIRF.PA and Colombia's Avianca Holdings SA AVT_p.CN. Here are some…
Drugmakers offer Canada C$1 billion to scrap some pending pricing rules
The pharmaceutical industry has made a last-ditch C$1 billion ($761 million) proposal to the Canadian government in hopes of fending off parts of a drug pricing crackdown set to go…