Month: April 2019

Asian shares dipped on Thursday amid subdued trade after losses on Wall Street and some profit-taking ahead of a long Easter weekend.

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Amazon.com Inc said it will shut its China online store by July 18, as the U.S. e-commerce giant focuses on the lucrative businesses of selling overseas goods and cloud services in the world’s most populous nation.

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Automaker Mahindra and Mahindra Ltd signed a deal with Ford Motor Co’s Indian unit to jointly develop midsize sports utility vehicles in India, the company said on Thursday.

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Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and China helped it post better-than-expected sales growth in the first three months.

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Food group Nestle confirmed it expected organic sales growth to exceed 3 percent this year after good momentum in the United States and China helped it post better-than-expected sales growth in the first three months.

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Oil prices edged higher on Wednesday, supported by ongoing OPEC-led supply cuts and a surprise fall in U.S. crude inventories, although gains were capped by strong U.S. production.

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U.S. private equity firm Advent International Corp is preparing to launch a $2.2 billion fund to invest in Latin American companies, two people with knowledge of the matter told Reuters.

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Jet Airways shares sank 34 percent on Thursday in a sign investors were skeptical about a revival, even as lenders to the carrier said they are “reasonably hopeful” the bidding process for the grounded Indian airline will end successfully.

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Amazon.com Inc on Thursday said it is notifying sellers that it will no longer operate a marketplace nor provide seller services on its Chinese website, Amazon.cn, from July 18.

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Oil prices dropped on Thursday as the impact of plentiful U.S. production offset a surprise decline in U.S. inventories, leaving international benchmark Brent retreating from a five-month high touched in the previous session.

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Asian shares slipped on Thursday after losses on Wall Street but trade was subdued as investors awaited business surveys in Europe and largely stayed on the sidelines ahead of the long Easter weekend holiday.

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Lenders to India’s Jet Airways Ltd said on Thursday they are “reasonably hopeful” that the bidding process for the grounded airline will end successfully.

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T. Rowe Price funds slashed Tesla Inc holdings in the first quarter, data showed on Wednesday, as the institutional investor continued to cut its positions in the electric vehicle maker.

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Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session.

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Boeing Co is making “steady progress” on the path to certifying a software update to the grounded 737 MAX and has made the final test flight before a certification flight, its chief executive said on Wednesday.

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