Business

CHICAGO (Reuters) – Retailer Toys ‘R’ Us has received multiple bids of more than $1 billion (705.02 million pounds) for an 85 percent stake in its Asian business, its lawyer Joshua Sussberg said at a U.S. bankruptcy court hearing on Wednesday. … [Read more...] about Toys ‘R’ Us gets $1 billion bids for 85 percent of Asian business

The United States imposed import tariffs of 25 percent on steel and 10 percent on aluminium in March, but it provided a temporary exemption until May 1 for the European Union. Trump will decide then whether to make the exemption permanent. … [Read more...] about German business leaders fear U.S. tariffs after Merkel-Trump talks

The sources, who declined to be named because they were not authorised to speak publicly about the talks, said Chinese negotiators asked the U.S. side to listen to ZTE’s appeal, take into account the company’s efforts to improve its compliance and amend the ban. … [Read more...] about China asks U.S. to amend ZTE business ban

BEIJING (Reuters) – China’s ZTE Corp <0763.HK> <000063.SZ> has submitted an application to the U.S. Commerce Department’s Bureau of Industry and Security (BIS) for the suspension of a business ban, it said in a filing to the Shenzhen stock exchange on Sunday. … [Read more...] about ZTE says asked U.S. Commerce Department to suspend business ban

The deal, brokered by the Commerce Department, requires ZTE would pay a substantial fine, place American compliance officers at the firm and change its management team, the Times reported, citing a person familiar with the agreement. Commerce would then lift an order preventing the company from buying U.S. products. … [Read more...] about U.S. reached deal to keep Chinese telecom ZTE in business