TopFeatured.com

Monte dei Paschi di Siena said on Sunday it had been forced to end early a 10-year bad loan management contract so that it could have more freedom in selling off bad debts in a worsening economic environment. Press Release Distribution Service

China and the United States will face a long road before they can reach a deal to end their bitter trade war, with more fights ahead likely, Chinese state media said after the two countries’ presidents held ice-breaking talks in Japan. Press Release Distribution Service

Motel 6 has agreed to pay $10 million to settle a class-action lawsuit over claims the budget chain routinely provided guest lists from properties in Arizona to U.S. Immigration and Customs Enforcement (ICE) agents, court documents showed on Saturday. Press Release Distribution Service

The United States and China agreed on Saturday to restart trade talks and Washington will not levy new tariffs on Chinese exports, China’s foreign ministry said, raising hopes for the world’s two largest economies to resolve their trade war. Press Release Distribution Service

The wife of ousted Nissan Chairman Carlos Ghosn has again called on world leaders, who have gathered in Japan for a G20 summit, to help raise the issue of her husband’s treatment in the country where he is facing financial misconduct charges. Press Release Distribution Service

Hackers working for Western intelligence agencies broke into Russian internet search company Yandex in late 2018 deploying a rare type of malware in an attempt to spy on user accounts, four people with knowledge of the matter told Reuters. Press Release Distribution Service

Madame Tussauds owner Merlin Entertainments is to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP in a deal valuing the company and its debt at nearly 6 billion pounds ($7.6 billion). Press Release Distribution Service

The day after Ukraine elected a new president in April, former central bank chief Valeria Gontareva was summoned for questioning as a suspect in a corruption investigation. Press Release Distribution Service

Huawei said its patent talks with U.S. carrier Verizon is “common” business activity and such negotiations should not be politicized, days after a senator filed legislation to prevent the Chinese firm from seeking damages in American courts. Press Release Distribution Service

Walmart aims to list its Japanese supermarket unit Seiyu while keeping a majority stake in the business, the U.S. company said in a statement on Wednesday, amid on-and-off speculation the retail giant was looking to exit the market. Press Release Distribution Service

Oil services company TechnipFMC said it would pay $301.3 million to resolve anti-corruption probes with Brazilian and U.S. authorities, and added it was committed to resolving another probe on its affairs with French authorities. Press Release Distribution Service

Oil fell on Tuesday amid concerns over the outlook for crude demand, but prices were supported after Washington announced new sanctions on Iran amid mounting tensions in the Middle East. Press Release Distribution Service

Asian shares were haunted by trade anxiety Tuesday while the risk of more dovish talk from the Federal Reserve pushed down Treasury yields and the dollar, propelling gold to fresh six-year peaks. Press Release Distribution Service

Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran. Press Release Distribution Service

German carrier Lufthansa on Monday said it would start pegging its dividend payout ratio to net profit in the future, adding this would give the group, which issued a profit warning a week ago, more flexibility. Press Release Distribution Service

From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in India, catching the attention of investors keen to join the space race. Press Release Distribution Service