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Home2019April

Month: April 2019

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Business News

EU countries back copyright reform targeting Google, Facebook

April 15, 2019 Editor Comments Off on EU countries back copyright reform targeting Google, Facebook

The European Union’s bid to overhaul its two-decade old copyright rules cleared its final hurdle on Monday as EU governments backed the move forcing Google to pay publishers for news snippets and Facebook to filter out protected content.

…read more […]

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Business News

EU countries back start of trade negotiations with United States

April 15, 2019 Editor Comments Off on EU countries back start of trade negotiations with United States

European Union countries gave final clearance on Monday to start formal trade talks with the United States after months of delay due to resistance from France.

…read more […]

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Business News

Barclays activist Bramson renews call to join the board

April 15, 2019 Editor Comments Off on Barclays activist Bramson renews call to join the board

Activist Edward Bramson on Monday made a renewed plea for Barclays’ investors to give him a seat on the bank’s board, as the war of words between his Sherborne Investors fund and the lender’s management ratchets up.

…read more […]

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Progress in U.S.-China trade talks spurs world stock rally

April 15, 2019 Editor Comments Off on Progress in U.S.-China trade talks spurs world stock rally

Progress in the U.S.-China trade talks helped propel world stock markets to a 6-month high on Friday and steered investors away from save havens such as the Japanese yen.

…read more […]

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Anheuser-Busch InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

April 15, 2019 Editor Comments Off on Anheuser-Busch InBev adds Citi, BAML to banks working on $5 billion Asian IPO: sources

The world’s biggest brewer, Anheuser-Busch InBev, has added Citigroup and Bank of America Merrill Lynch to the team of banks working on the sale of its Asia-Pacific business, three people with direct knowledge of the matter told Reuters.

…read more […]

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Exclusive: Foxconn chairman says aims to step down to pave way for younger talent

April 15, 2019 Editor Comments Off on Exclusive: Foxconn chairman says aims to step down to pave way for younger talent

The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to move up the ranks of the world’s largest contract manufacturer.

…read more […]

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Foxconn chairman says aims to step down to pave way for younger talent

April 15, 2019 Editor Comments Off on Foxconn chairman says aims to step down to pave way for younger talent

The chairman of Taiwan’s Foxconn, assembler of Apple’s iPhones, said on Monday he plans to step down in the coming months as he wants to pave the way for younger talent to move up the ranks of the world’s largest contract manufacturer.

…read more […]

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Oil pauses; focus on future supply direction

April 15, 2019 Editor Comments Off on Oil pauses; focus on future supply direction

Oil prices nudged lower on Monday after international benchmark Brent hit a fresh five-month high in the previous session, with investors eyeing mixed signals on global supply.

…read more […]

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Barclays activist Bramson in fresh letter to investors over board seat

April 15, 2019 Editor Comments Off on Barclays activist Bramson in fresh letter to investors over board seat

Activist Edward Bramson on Monday made a fresh plea for Barclays’ investors to give him a seat on the bank’s board, as the war of words between his fund and the lender’s management ratchets up.

…read more […]

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Business News

Asian shares buoyed by optimism on U.S.-China trade talks

April 15, 2019 Editor Comments Off on Asian shares buoyed by optimism on U.S.-China trade talks

Asian shares neared nine-month highs on Monday after U.S. Treasury Secretary Steven Mnuchin said he hoped U.S.-China trade talks were approaching a final lap, while strong Chinese export and bank loan data boosted confidence in the global economy.

…read more […]

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In quest for electric supercars, engineers head to start-ups

April 15, 2019 Editor Comments Off on In quest for electric supercars, engineers head to start-ups

Rene-Christopher Wollmann, head of Mercedes-AMG’s 2.75 million euros Project One supercar program, has moved to a job at Automobili Pininfarina in a sign that innovation in high end electric sportscars is shifting toward small start-ups.

…read more […]

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Citigroup to refund retail customers for investment losses: Australian regulator

April 15, 2019 Editor Comments Off on Citigroup to refund retail customers for investment losses: Australian regulator

Citigroup will refund more than A$3 million ($2.2 million) to retail customers in Australia who suffered losses from complex investments sold by the bank, the country’s corporate watchdog said on Monday.

…read more […]

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Foxconn chairman Gou says he aims to step down in coming months

April 15, 2019 Editor Comments Off on Foxconn chairman Gou says he aims to step down in coming months

The chairman of Taiwan’s Foxconn, assembler of Apple Inc’s iPhones, told Reuters on Monday he plans to step down in the coming months, saying he wants to pave the way for younger talent to move up the ranks of the company.

…read more […]

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Volkswagen expects core brand’s global 2019 sales to be in line with last year: senior executive

April 15, 2019 Editor Comments Off on Volkswagen expects core brand’s global 2019 sales to be in line with last year: senior executive

Volkswagen expects global sales of its core brand this year to be in line with the 6.24 million level that it achieved in 2018 even though China sales dipped in the first-quarter, the company said on Monday.

…read more […]

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Worried a recession is coming, U.S. online lenders reduce risk

April 15, 2019 Editor Comments Off on Worried a recession is coming, U.S. online lenders reduce risk

U.S. online lenders such as LendingClub Corp, Kabbage Inc and Avant LLC are scrutinizing loan quality, securing long-term financing and cutting costs, as executives prepare for what they fear could be the sector’s first economic downturn.

…read more […]

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