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U.S. regulator permits China's ZTE to submit more evidence

NEW YORK The U.S. Commerce Department has granted ZTE Corp's request to submit more evidence after the agency banned American companies from selling to the Chinese technology firm, a senior Commerce official said on Saturday.

Recent Business News

Apple offers battery replacement for some MacBooks after flaws reported

Apple Inc on Friday said component failure in a limited number of MacBook Pros has caused built-in battery to expand, adding, it will offer worldwide free replacement for such batteries.

Apr 20 2018

Telecom standards group puts new technology on hold in wake of U.S. probe

WASHINGTON A telecommunications standards organization - GSMA - said on Saturday it is delaying implementation of a new cellphone technology due to a U.S. government probe of alleged coordination between the group, AT&T Inc and Verizon Communications Inc to hinder consumers from easily switching wireless carriers.

10:06am EDT

World Bank shareholders back $13 billion capital increase

WASHINGTON The World Bank's shareholders on Saturday endorsed a $13 billion paid-in capital increase that will boost China's shareholding but bring lending reforms that will raise borrowing costs for higher-middle-income countries, including China.

6:57pm EDT

A U.S. recession ahead? Fed policymakers say not to worry

CHICAGO/SAN FRANCISCO As the gap between short- and long-term borrowing costs hovers near its lowest in more than 10 years, speculation has risen over whether the so-called yield curve is signaling that a recession could be around the corner.

Apr 20 2018

Ford tells WPP it will take bids from other ad agencies

LONDON Ford Motor Company said on Saturday it will take bids on some of its advertising managed by WPP , adding to uncertainty around the British ad giant after last week's exit of founder Martin Sorrell.

8:26am EDT


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