Business News
Las Vegas is booming again, and bracing itself for next slump
Diane Han is trying to leave the Las Vegas of her childhood behind.
Month: September 2018
Trading Ideas
3 Top Artificial Intelligence Stocks to Watch in September
Three of the biggest AI stocks have potential catalysts that could spark even further gains. …read more […]
Business News
Brexit cheer provides relief as world stocks hit by trade strain
Hopes of a UK-EU deal over Brexit kept the British pound near five-week highs on Tuesday, helping lighten the mood in Europe even though the ongoing trade dispute between Washington and Beijing kept world stocks trading just off three-week lows.
Business News
China asks WTO for sanctions in U.S. trade dispute
China will ask the World Trade Organization next week for permission to impose sanctions on the United States, for Washington’s non-compliance with a ruling in a dispute over U.S. dumping duties that China initiated in 2013, a meeting agenda showed on Tuesday.
Business News
Cadbury owner Mondelez braces for hard Brexit, stockpiles products: the Times
Mondelez International Inc , the owner of Cadbury brand, is stockpiling ingredients, chocolates and biscuits in case of a no-deal Brexit, the Times reported https://bit.ly/2MjCYjJ on Tuesday, citing the president of Mondelez’s European division.
Business News
McDonald’s buns maker Aryzta strikes deal with banks ahead of capital hike
One of the world’s largest bakery companies, Aryzta , has agreed an underwriting deal with five banks, setting the stage for raising 800 million euros ($928.48 million) in new capital to strengthen its balance sheet.
Trading Ideas
UBS analysed 450 million words to find the companies most worried about Trump's trade war
UBS analysed hundreds of thousands of earnings calls to understand which companies are most impacted by US President Donald Trump’s trade war. UBS found that words like trade, tariffs, and trade war have been used more often in the last year than at any other point since 2010. The automotive sector has discussed the trade war most frequently and has seen the biggest impact in terms of share price drops. …read more […]
Business News
Unilever single holding company shares to start trading in December
Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would conclude in December, when shares in the new firm would start trading.
Business News
ING CFO Timmermans to step down after $900 million money laundering fine
ING Groep said on Tuesday its Chief Financial Officer was stepping down amid a public backlash after the Dutch bank said last week it had failed to prevent money laundering for years, forcing it to strike a 775 million euro ($900 million) settlement with Dutch prosecutors.
Business News
Unilever simplification to be through UK scheme of arrangement, Dutch merger
Consumer goods giant Unilever said simplifying its parent company structure from two UK and Dutch legal entities into a single holding company would be achieved through a UK scheme of arrangement and a Dutch legal merger.
Business News
HSBC whistleblower in Spanish court over Swiss extradition request
Bank whistleblower Herve Falciani is due to appear before Spain’s High Court on Tuesday as the judge considering an extradition request from Switzerland over alleged industrial sabotage nears a decision.
Business News
Asia shares hobbled by trade strain, pound up on Brexit talk
Asian shares were struggling to avoid a ninth straight session of losses on Tuesday as the specter of a further escalation in the Sino-U.S. trade war haunted investors, while the pound perched at a five-week top on hints a Brexit deal might be nearer.
Business News
ING CFO Timmermans to step down after $900 million fine
ING Group said on Tuesday its Chief Financial Officer was stepping down in the wake of revelations the Dutch bank had failed to prevent money laundering for years and was forced to strike a 775 million euro ($900 million) settlement with Dutch prosecutors.
Business News
Renesas in $6.7 billion deal for IDT to boost chips for self-driving cars
Japan’s Renesas Electronics Corp said it had agreed to buy Integrated Device Technology Inc (IDT) for $6.7 billion, its second major acquisition as it deepens its push into semiconductors for self-driving cars.
Trading Ideas
Boeing ups forecast Chinese new plane purchases over 20 years by 6.2 percent
Chinese airlines will buy 7,690 new planes worth $1.2 trillion (921.3 billion pounds) over the next two decades to keep pace with booming consumer and business demand for air travel, Boeing Co (BA.N) said on Tuesday, raising a previous forecast. “The growth in China can be attributed to the country’s growing middle class, which has more than tripled in the last 10 years and is expected to double again in the next 10,” said Randy Tinseth, Boeing Commercial Airplanes’ vice president of marketing, in a statement. Boeing and its European rival Airbus (AIR.PA) have been jostling to increase …read more […]