3M gains on reported $5.5B to settle earplugs lawsuits; seen as ‘another positive’
3M (NYSE:MMM) has agreed to pay over $5.5 billion to settle over 300,000 lawsuits, alleging that the company’s combat earplugs…
China-linked assets squeezed as slowdown ripples across markets
(Reuters) – Investors looking for clues about the state of China’s economy beyond official data are seeing red warnings flash…
Raimondo: crucial US, China have stable economic relationship
(Reuters) – U.S. Commerce Secretary Gina Raimondo opened talks with Chinese government officials on Monday, saying it is “profoundly important”…
BYD unit buys US firm Jabil’s smartphones manufacturing business in China for $2.2 billion
(Reuters) – Chinese automaker BYD (SZ:002594) said on Monday its electronics unit has struck a deal with U.S.-based manufacturer Jabil…
Asia shares rally as China offers markets a hand
(Reuters) – Asian shares rallied on Monday as China announced new measures to support its ailing markets, though the mood…
Evergrande loses $2 billion in value as trade resumes; extends creditor voting
(Reuters) – China Evergrande Group lost as much as $2 billion, or 80% of its market value, on Monday after…
China’s Country Garden says $100 billion Malaysia project on track
(Reuters) – Embattled Chinese developer Country Garden said on Monday its $100-billion project in Malaysia was proceeding as planned and…
European shares rise as fresh Chinese measures lift mood, tech stocks rally
(Reuters) – European shares advanced at the open on Monday, with technology stocks leading gains following an upbeat close on…
3M settles US anti-bribery law charges in China unit, SEC says
(Reuters) – 3M Co has agreed to pay more than $6.5 million to resolve U.S. charges of Foreign Corrupt Practices…
Biden administration unveils new crypto tax reporting rules
(Reuters) – Cryptocurrency brokers, including exchanges and payment processors, would have to report new information on users’ sales and exchanges…