In the centre of China's top steelmaking city, Tangshan, behind the gates of the Guofeng Iron and Steel Co factory, workers and bulldozers have been tearing down furnaces as part of a 38 billion yuan ($5.52 billion) plan to move to a new industrial park 60 kilometres away. David Pollard reports.
U.S. stocks rose on Tuesday, boosted by energy companies and technology stocks, including Apple, although there were lingering concerns about the U.S. trade war with China.
Now running the world’s largest crypto hedge fund, the 29-year-old says he is undeterred by recent losses. Polychain has shed around 40% of the $800 million it made for clients last year through investment losses and withdrawals. Some backers complain he refuses to change tactics.
Hudson's Bay Company and Signa Holding have agreed to merge Germany's two major department store chains as they seek to respond to fierce competition from ecommerce players. As Thuy Ong reports, Kaufhof and Karstadt have fallen on hard times in the last decade.
Cadbury owner Mondelez International is stockpiling ingredients, chocolates and biscuits in Britain to avoid interruptions to business in the event of a hard Brexit.
Former Volkswagen boss Martin Winterkorn was slow to address emissions test cheating that led to huge U.S. fines, a judge hearing a damages case brought by investors against the German carmaker said on Tuesday.
Germany's consumer protection association and auto club ADAC will on Wednesday present a class action against Volkswagen over the carmaker's manipulation of emissions software.
Tesla Inc will eliminate some color options for its electric cars to streamline production, Chief Executive Officer Elon Musk tweeted on Tuesday, as the company intensifies its efforts to ramp up production.
The U.S. International Trade Commission on Tuesday said it would open an patent-related investigation into India-based Mahindra and Mahindra Ltd and its U.S. unit following a complaint lodged by Fiat Chrysler Automobiles NV's Michigan-based U.S. unit.
Canadian Foreign Minister Chrystia Freeland said on Tuesday that discussions with the United States about forging a new North American Free Trade Agreement were still constructive, so the two sides agreed to meet again for further negotiations.
Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, bouncing back from the 29 it delivered in July, the fewest in years.
Rather than look to the future, investors tend to extrapolate the recent past, and mostly get it wrong, writes James Mackintosh.
Mark Carney will stay on as Bank of England governor until the end of January 2020 to help navigate the turbulence of Brexit, Britain's finance minister said on Tuesday, as he warned time was running out to secure a Brexit agreement. Sonia Legg reports.
A broad index of world stock markets edged lower on Tuesday as it struggled to maintain momentum amid lingering concerns over a trade dispute between Washington and Beijing.
China told the World Trade Organization (WTO) on Tuesday it wanted to impose $7 billion a year in sanctions on the United States in retaliation for Washington's non-compliance with a ruling in a dispute over U.S. dumping duties.
Boeing Co said on Tuesday it delivered 48 of its best-selling 737 single-aisle aircraft in August, compared with 50 planes a year earlier, and 29 units in July.