U.S. President Donald Trump's rewrite of North American trade rules will cost automakers nearly US$3 billion more in tariffs over the next decade for cars and parts that will not meet higher regional content requirements over the next decade, the Congressional Budget Office (CBO) estimates.
The U.S. Securities and Exchange Commission on Wednesday proposed changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
The S&P 500 and Nasdaq inched to all-time highs on Wednesday, extending a record-setting run as investors' optimism about the global economy remained strong, while a steep drop in FedEx shares limited further gains.
Billed as a merger of equals, PSA's US$50 billion tie-up with Fiat Chrysler (FCA) gives the Peugeot owner one potentially big advantage, its own boss will be firmly behind the new wheel.
Unicorns like Uber, Lyft and Slack may have had disappointing IPOs, but U.S. venture capital firms gave birth to a record number of unicorns in 2019.
Daimler AG's Mercedes-Benz USA has agreed to a US$20 million civil penalty over its handling of U.S. vehicle recalls after a year-long U.S. government investigation into 1.4 million recalled vehicles.
Daimler AG's Mercedes-Benz USA has agreed to a US$20 million civil penalty over its handling of U.S. vehicle recalls, according to a government document seen by Reuters.
International Business Machines Corp on Wednesday said it has come up with a new battery technology that uses materials extracted from seawater and requires no cobalt, as the race to find alternative sources to the expensive mineral intensifies.
Shares of FedEx Corp fell nearly 10per cent on Wednesday after the world's largest packaging company cut its 2020 profit forecast for the second time as it spends heavily to expand its online delivery business and battles slowing global trade.
Canada's SNC-Lavalin Group will plead guilty to a fraud charge related to projects in Libya after an agreement with prosecutors, La Presse reported on Wednesday, in a case that engulfed Prime Minister Justin Trudeau’s government in crisis this year.
