Trading Ideas
Is Tesla’s Board independent enough from Elon Musk?
Attorney Misty Marris on concerns about the future of Tesla and CEO Elon Musk’s health. …read more […]
Month: August 2018
Business News
Nissan to invest $900 million on new assembly plant in China: Nikkei
Japan’s Nissan Motor Co will spend around $900 million to build a new auto assembly plant in China that will increase production capacity in the company by 30 percent, the Nikkei newspaper reported on Monday.
Trading Ideas
Bull market in stocks poised to set record for longest ever
The bull market in stocks is poised this week to break the record as the longest in the history of U.S. trading. If the market doesn’t drop significantly in the three days through Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days. It’s a record that few would have predicted when stocks struggled to find their footing after a 50 percent plunge during the financial crisis. …read more […]
Business News
PepsiCo puts fizz into healthy drinks with $3.2 billion SodaStream purchase
PepsiCo will buy household drink-machine maker SodaStream for $3.2 billion as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market.
Trading Ideas
PepsiCo puts fizz into healthy drinks with $3.2 bln SodaStream purchase
PepsiCo will buy household drink-machine maker SodaStream for $3.2 billion as it battles chief rival Coca-Cola for an edge in the health-conscious beverage market. Founded in the UK in 1903, SodaStream was a coveted device in British kitchens in the 1970s and 80s, allowing customers to create fizzy drinks by adding flavoured syrups to carbonated water, but it faded in popularity as soft drinks became cheaper. PepsiCo will pay $144 per SodaStream share in cash, representing a 10.9 percent premium to Friday’s closing price of SodaStream’s U.S.-listed stock and …read more […]
Business News
Exclusive: China shifts to Iranian tankers to keep oil flowing amid U.S. sanctions – sources
Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States.
Business News
Shares climb on hopes for U.S.-China trade talks, Turkish lira falls
Global stocks rose on Monday amid optimism over planned trade talks between the United States and China, while Turkey’s lira fell after its credit ratings were downgraded and shots were fired outside the U.S. embassy in Ankara.
Business News
Foreign casino operators go all in as they vie for Osaka license
In late July, a lavish fireworks display lit up Osaka’s skies in the finale to one of Japan’s most famous festivals, courtesy of a first-time sponsor: Macau casino operator Melco Resorts and Entertainment Ltd .
Business News
UK regulator fines KPMG for misconduct on Ted Baker audit
The UK’s Financial Reporting Council has fined accountants KPMG three million pounds and reprimanded and fined senior partner Michael Francis Barradell for misconduct related to auditing of British fashion retailer Ted Baker’s accounts.
Business News
PepsiCo to buy Israel’s SodaStream in $3.2 billion deal
PepsiCo Inc said on Monday it would buy Israel-based Sodastream , which makes fizzy drink-making household devices, in a deal valued at $3.2 billion.
Trading Ideas
Malaysia, China Sign Bilateral Currency Swap Agreement
Aug.20 — China is ready to increase imports of Malaysian goods, especially palm oil. The two countries signed deals that would improve trade between them. Bloomberg’s Tom Mackenzie reports on “Bloomberg Markets: Asia.” …read more […]
Business News
Asia shares nudge up with yuan, wary on Sino-U.S. talks
Most Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from alarming lows.
Business News
U.S. firms warn next China tariffs to cost Americans from cradle to grave
A broad cross-section of U.S. businesses has a message for the Trump administration: new tariffs on $200 billion of Chinese imports will force Americans to pay more for items they use throughout their daily lives, from cradles to coffins.
Business News
Noble Group founder declines executive director role in restructured firm
Embattled commodity trader Noble Group Ltd said on Monday that its founder, Richard Elman, will not take up a previously announced position as an executive director in the restructured company, citing “personal reasons”.
Business News
Asia shares inch up with yuan, wary on Sino-U.S. talks
Asian share markets crept cautiously higher on Monday as investors awaited developments on proposed Sino-U.S. trade talks and the Chinese yuan rallied away from dangerous lows.