Business

U.S. senators seek punishment if China’s ZTE violates deal

U.S. senators seek punishment if China's ZTE violates deal

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WASHINGTON (Reuters) - Republican and Democratic U.S. senators introduced a bill on Tuesday that would reimpose sanctions on China’s ZTE Corp (0763.HK) (000063.SZ) if it does not fully comply with U.S. laws and an agreement with the Trump administration that ended stiff restrictions on the telecommunications equipment company. FILE PHOTO: Visitors pass in front of…
China will use trade war with U.S. to replace imports: state media
Danske Bank set to shed light on Russian money flows to Europe
Exclusive: Indian police scrutinize major law firm in PNB fraud probe after documents moved
WeWork tops JPMorgan as No. 1 New York tenant as coworking booms
Visa, Mastercard reach $6.2 billion settlement over card-swipe fees

Visa, Mastercard reach $6.2 billion settlement over card-swipe fees

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(Reuters) - Visa Inc, Mastercard Inc, and a number of U.S. banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments. Visa and Mastercard previously reached a $7.25 billion settlement with the merchants in the case, but that deal…
EU probes VW, BMW, Daimler over alleged emissions collusion

EU probes VW, BMW, Daimler over alleged emissions collusion

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BRUSSELS (Reuters) - EU antitrust regulators are investigating whether BMW (BMWG.DE), Daimler (DAIGn.DE) and Volkswagen (VOWG_p.DE) colluded to restrict the rollout of clean emission technology, a move that could lead to hefty fines for the German carmakers. The European Commission opened an in-depth investigation on Tuesday, nearly a year after it raided the companies and…
Enbridge signs $4.7B deal to buy Enbridge Income Fund

Enbridge signs $4.7B deal to buy Enbridge Income Fund

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Less than a month after saying it wouldn't increase its offer to buy the equity it doesn't own in three North American subsidiaries, Calgary-based Enbridge Inc. is doing just that. The pipeline, utility and power company announced Tuesday it would increase the offers it made last May for Enbridge Income Fund Holdings Inc. by 11.3…