News
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Walmart asks Chinese suppliers for major price cuts on Trump tariffs, Bloomberg News reports
March 6 (Reuters) - Walmart WMT.N has asked some Chinese suppliers for major price cuts, with the U.S. retail giant's efforts to shift the burden of President Donald Trump's tariffs facing strong push back from firms in the Asian nation, Bloomberg News reported on Thursday.Reuters
Thu, Mar 6
Seven & I Incoming CEO Dacus: Don't Know If Couche-Tard Can Improve Our Company's Value
March 6 (Reuters) - Seven & i Holdings Co Ltd 3382.T Incoming CEO Stephen Dacus:DON'T KNOW IF COUCHE-TARD CAN IMPROVE OUR COMPANY'S VALUETHERE IS A VERY HIGH REGULATORY HURDLE, PARTICULARLY IN THE UNITED STATESDON'T THINK OUR SHAREHOLDERS WOULD WANT FOR US TO SPEND TWO PLUS YEARS IN ...Reuters
Thu, Mar 6
China's JD.com beats quarterly revenue estimate
March 6 (Reuters) - Chinese e-commerce giant JD.com 9618.HK exceeded market expectations for quarterly revenue on Thursday, as deep discounts and price cuts encouraged robust spending from consumers, driving up strong year-end sales.The company reported total revenue of 346.99 billion yuan ($47.91 ...Reuters
Thu, Mar 6
TSMC CEO says it is expanding US investment to meet customer demand
TAIPEI, March 6 (Reuters) - Taiwanese chipmaker TSMC 2330.TW is expanding investment in the United States because of large U.S. customer demand, its CEO said on Thursday, adding that its production lines there are already fully booked for this year and the next two years.The comments were made at...
Reuters
Thu, Mar 6
Putin, mending ties with US, names veteran diplomat Darchiev as new ambassador
MOSCOW, March 6 (Reuters) - Russian President Vladimir Putin appointed Alexander Darchiev, a veteran diplomat known in the past for public denunciations of the West, as ambassador to the United States on Thursday to lead a rapprochement that has stunned Ukraine and European countries.The Foreign Min...Reuters
Thu, Mar 6
Norway should significantly raise its aid to Ukraine, PM says
OSLO, March 6 (Reuters) - Norway should significantly increase its financial aid to Ukraine, Prime Minister Jonas Gahr Stoere told parliament on Thursday."I want to propose to the other parties in parliament that we meet this afternoon to discuss and agree on a significant increase in the Nansen...Reuters
Thu, Mar 6
Novo Nordisk to explore how GLP-1 drugs can help patients with addiction
COPENHAGEN, March 6 (Reuters) - Novo Nordisk NOVOb.CO will explore how GLP-1 drugs potentially could help patients struggling with addiction, its head of development Martin Holst Lange told an online press conference on Thursday.Reuters
Thu, Mar 6
Singapore charges men with defrauding Dell, Super Micro
Three in server fraud case each given additional chargeServers bought from Dell and Super Micro sent to Malaysia from Singapore, Singapore has saidMalaysia is investigatingCase complex and involves different jurisdictions - lawyer SINGAPORE, March 6 (Reuters) - Singapore authorities added further...Reuters
Thu, Mar 6
Russian troops capture another village in eastern Ukraine
MOSCOW, March 6 (Reuters) - The Russian Defence Ministry said on Thursday its forces had taken the village of Andriivka in Ukraine's eastern Donetsk region.Reuters could not independently verify the battlefield report.Russia's military for months has been reporting a slow but steady advance ...Reuters
Thu, Mar 6
South Korea air force jets accidentally drop bombs on homes, injuring 15
Eight Mk82 bombs fell outside designated area, Air Force says Residents have protested about military drills for yearsDrills are linked to upcoming South Korea-US joint exercisesBy Ju-min Park and Hyunsu Yim POCHEON, South Korea, March 6 (Reuters) - South Korean fighter jets accidentally dropped...Reuters
Thu, Mar 6
China will set up national venture capital guidance fund, state planner says
BEIJING, March 6 (Reuters) - China will set up a national venture capital guidance fund in the near future to strengthen development of innovative enterprises, Zheng Shanjie, the head of China's state planner, said during a news conference on Thursday.Reuters
Thu, Mar 6
Hong Kong democrat Jimmy Lai finishes testifying in national security trial
Lai concludes testimony after 52 days of questioningTrial a friction point in U.S.-China relationsLai maintains innocence, calling charges "totally rubbish"Verdict may come in OctoberBy Jessie Pang and James Pomfret HONG KONG, March 6 (Reuters) - Hong Kong media tycoon and pro-democracy a...Reuters
Thu, Mar 6
Bain aims to list Seven & i's supermarket business in about three years
By Makiko Yamazaki and Ritsuko Shimizu TOKYO, March 6 (Reuters) - Bain Capital aims to list Seven & i Holdings' 3382.T supermarket and retail business in around three years after boosting synergies within the group, an executive of the U.S. private equity firm said on Thursday. Bain also ...Reuters
Thu, Mar 6
Bund selloff continues, markets scale back bets on ECB rate cuts
By Stefano Rebaudo March 6 (Reuters) - German government bond yields jumped on Thursday after recording their biggest daily rise in more than 25 years the day before, as investors expected a sharp increase in Bund supply due to more fiscal spending.Germany is in for a massive ramp-up in spending,...Reuters
Thu, Mar 6
Seven & i Incoming CEO Dacus: Will Continue Discussions With Couche-Tard, Others
March 6 (Reuters) - Seven & i Holdings Co Ltd 3382.T Incoming CEO Stephen Dacus:WE HAVE TO FACE THE FACT THAT WE HAVE LOST SOME MOMENTUM AND MARKET SHAREWE ALSO NEED TO MOVE FASTER TO REDUCE THE COMPLEXITY OF OUR BUSINESSWE'RE FOCUSED ON LEVERAGING OUR M&A STRENGTH IN THE US TO TARGET GR...Reuters
Thu, Mar 6
