May 16 (Reuters) - Billionaire investor Bill Ackman said on Saturday that the sale of Google parent Alphabet's shares was not a bet against the company. Ackman on Friday said his firm Pershing Square had built a new position in tech giant Microsoft ( MSFT ) after its stock price dropped recently, and sold his long-owned investment in Alphabet to...

SEOUL, May 16 (Reuters) - Samsung Electronics ( SSNLF ) and its South Korean labour union will resume pay talks on Monday with a government mediator, the union said, in a move that could ease concerns over a potentially disruptive strike at the tech giant. The union said in a statement on Saturday that Samsung Electronics ( SSNLF ) had...

BEIJING, May 16 (Reuters) - The chairman of China's securities regulator and Beijing's party secretary held talks with Citigroup ( C ) CEO Jane Fraser in China and discussed enhancing cooperation in wealth management and cross-border financing, state-backed media said on Saturday. Fraser was part of a delegation accompanying U.S. President Donald Trump on the first visit to China by...

BEIJING, May 16 (Reuters) - The chairman of China's securities regulator and Beijing's party secretary held talks with Citigroup ( C ) CEO Jane Fraser in China and discussed enhancing cooperation in wealth management and cross-border financing, state-backed media said on Saturday. Fraser was part of a delegation accompanying U.S. President Donald Trump on the first visit to China by...