(Reuters) - Walmart (NYSE:WMT) 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.Certain suppliers, including makers of kitchenware and clothing, have been asked to lower their prices by as much as 10% per ...
HONG KONG (Reuters) -Shares of CK Hutchison rose 12.4% in Hong Kong on Thursday, extending the previous day’s 21.9% gain after the sale of its Panama Canal stake to BlackRock (NYSE:BLK).The stock rose to as much as HK$52.95, the highest since May 11, 2023. That outpaced a 2.2% rise in the benchmark Hang Seng Index. U.S. President Donald Trump has hailed the deal led by U.S. firm BlackRock to buy ...
LONDON (Reuters) - BP (NYSE:BP)’s CEO Murray Auchincloss earned 5.4 million pounds ($6.95 million) last year, the group said in its annual report on Thursday, down from 8 million pounds in 2023.The group said it paid no bonuses on the basis of financial performance.BP’s profits for last year were 35% lower than the previous year’s at $8.9 billion, and it is facing pressure from activist inve ...
By Ritsuko Shimizu and Rocky SwiftTOKYO (Reuters) -Seven & i Holdings, the Japanese operator of the 7-Eleven convenience store chain, appointed its first foreign CEO and handed him the task of overhauling its business to fend off a $47 billion overseas takeover bid and engineer a recovery.After a tumultous six months that began when it received a buyout offer from Canadian Circle-K operator Al ...