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8 months 4 weeks ago

KPMG subject of second UK investigation over Carillion audit

Britain's Financial Reporting Council (FRC) has opened a second investigation into how accounting firm KPMG audited the books of collapsed UK construction company Carillion, the watchdog said on Tuesday.

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8 months 4 weeks ago

Exclusive: Tesla says it received battery quotes from China's Lishen but no deal agreed

Tesla Inc said on Tuesday it had received quotes from Tianjin Lishen to supply batteries for its new Shanghai electric car factory but had not signed any agreement with the Chinese firm.

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8 months 4 weeks ago

Tesla says it has no agreement with Chinese battery maker Lishen

Tesla Inc denied on Tuesday that it had signed a preliminary agreement with Tianjin Lishen to supply batteries for its new Shanghai car factory, saying it had received quotes from the Chinese battery maker but did not proceed further.

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8 months 4 weeks ago

Oil prices fall 1 percent as China warns of job losses, Korea growth stalls

Oil prices fell by around one percent on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand.

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8 months 4 weeks ago

UBS posts fourth-quarter pre-tax profit miss, sees bumpy road ahead

UBS on Tuesday posted a $862 million fourth-quarter pre-tax profit, hit by a slowdown in its flagship wealth management business and weaker earnings in its investment bank.

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8 months 4 weeks ago

Asian shares, oil skid on global growth worries

Asian shares stumbled and oil prices fell on Tuesday as pessimism about world growth drove investors away from risky assets, while sterling ticked lower in the face of the latest twists and turns in the Brexit saga.

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8 months 4 weeks ago

As China's economy falters, some fund managers look to bonds

Despite mounting signs of a Chinese economic slowdown, 2019 is off to a good start for fund manager Du Zhenye.

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8 months 4 weeks ago

China's fourth quarter GDP growth dented by services, agriculture despite construction rebound

Weakness in the service and farm sectors slowed China's economic growth in the fourth quarter, despite a strong pickup in construction activity, official data showed on Tuesday.

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8 months 4 weeks ago

Exclusive: Tesla in talks with China's Lishen over Shanghai battery contract - sources

Tesla Inc has signed a preliminary agreement with China's Tianjin Lishen to supply batteries for its new Shanghai car factory, as it aims to cut its reliance on Japan's Panasonic , two sources with direct knowledge of the matter said.

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8 months 4 weeks ago

Oil prices fall as economic growth worries spread

Oil prices fell on Tuesday as signs of a spreading global economic slowdown stoked concerns over future fuel demand.

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