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Home2019April

Month: April 2019

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Business News

Deutsche Bank investor to file AGM motion seeking to oust chairman

April 11, 2019 admin Comments Off on Deutsche Bank investor to file AGM motion seeking to oust chairman

Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the lender’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the activist shareholder said on Thursday.

…read more […]

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Business News

LVMH shares hit record high as China demand boosts luxury group

April 11, 2019 admin Comments Off on LVMH shares hit record high as China demand boosts luxury group

LVMH shares hit a record high on Thursday and buoyed those of rivals after the Louis Vuitton owner posted strong first-quarter sales and said that demand for its handbags and high-end fashion had picked up in mainland China.

…read more […]

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Business News

Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer

April 11, 2019 admin Comments Off on Newmont shareholders OK $10 billion Goldcorp takeover, creating biggest gold producer

Newmont Mining shareholders on Thursday approved the company’s $10 billion takeover of Goldcorp Inc which is set to create the world’s biggest gold producer with assets across the Americas, Africa and Australia.

…read more […]

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Business News

New Airbus CEO charts modernization path under leaner management

April 11, 2019 admin Comments Off on New Airbus CEO charts modernization path under leaner management

New Chief Executive Guillaume Faury imposed his mark on Airbus with a simplified management structure and a manifesto for factory modernization on Thursday, as Europe’s plane giant enters a new phase in its titanic rivalry with Boeing.

…read more […]

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Business News

U.S. labor market strong; inflation pressures benign

April 11, 2019 admin Comments Off on U.S. labor market strong; inflation pressures benign

The number of Americans filing applications for unemployment benefits dropped to a 49-1/2-year low last week, pointing to sustained labor market strength that could assuage fears the economy was rapidly losing momentum.

…read more […]

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Business News

Stocks rise with U.S. Treasuries and dollar index

April 11, 2019 admin Comments Off on Stocks rise with U.S. Treasuries and dollar index

Stocks on Wall Street and in Europe clung to small gains on Thursday as investors waited for first-quarter earnings reports while U.S. Treasury yields rose after strong U.S. data and a six-month extension of Britain’s deadline to leave the European Union.

…read more […]

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Business News

Anti-Uber protests flare in Argentina as firm prepares IPO filing

April 11, 2019 admin Comments Off on Anti-Uber protests flare in Argentina as firm prepares IPO filing

Taxi drivers took to the streets of Buenos Aires on Thursday to protest against Uber, underscoring the challenges the ride-hailing giant faces in the fast-growing Latin American market as it prepares to file a much-anticipated initial public offering.

…read more […]

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Business News

Huawei says its equipment as secure as any, pans U.S. campaign

April 11, 2019 admin Comments Off on Huawei says its equipment as secure as any, pans U.S. campaign

China’s Huawei Technologies said on Thursday the security of its telecoms network equipment was as tight as any, and hit back at the U.S. government for briefing Washington’s allies against it.

…read more […]

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Business News

Russian sovereign wealth fund says planning joint deal with Baring Vostok

April 11, 2019 admin Comments Off on Russian sovereign wealth fund says planning joint deal with Baring Vostok

Russia’s sovereign wealth fund RDIF plans a joint investment in the next couple of months with Baring Vostok, the private equity group whose executives are facing charges in Russia of fraud, RDIF head Kirill Dmitriev told Reuters.

…read more […]

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Business News

Russian suspect in Baring Vostok fraud case admits guilt: Interfax

April 11, 2019 admin Comments Off on Russian suspect in Baring Vostok fraud case admits guilt: Interfax

A Russian banker accused of fraud along with executives from the Baring Vostok private equity fund, has admitted his guilt, Interfax news agency reported, citing a judge reading from investigators’ case files at a hearing in Moscow on Thursday.

…read more […]

Consumer

Yield Growth (OTC: BOSQF) Begins Expansion into China’s Billion Dollar Hemp Market

April 11, 2019 admin Comments Off on Yield Growth (OTC: BOSQF) Begins Expansion into China’s Billion Dollar Hemp Market

VANCOUVER, British Columbia, April 11, 2019 — The Yield Growth Corp. (CSE:BOSS) (OTC:BOSQF) (Frankfurt: YG3) enters agreement with consultant Pontier Services to set up Urban Juve hemp beauty products for sale through China’s most popular messaging app, WeChat, […]

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Business News

Bed Bath and Beyond sinks as doubts around turnaround linger

April 11, 2019 admin Comments Off on Bed Bath and Beyond sinks as doubts around turnaround linger

Shares of Bed Bath and Beyond fell about 10 percent in early trading, after the home furnishing retailer forecast dismal first-quarter profits that raised doubts on the efficacy of its turnaround plan.

…read more […]

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Business News

Russian court frees U.S. investor Calvey from jail

April 11, 2019 admin Comments Off on Russian court frees U.S. investor Calvey from jail

A Russian court released U.S. investor Michael Calvey on Thursday after two months in jail and placed him under house arrest until Saturday, softening his treatment in a fraud case that has rattled investors.

…read more […]

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Business News

Wall Street ekes out slight gains at open, earnings awaited

April 11, 2019 admin Comments Off on Wall Street ekes out slight gains at open, earnings awaited

U.S. stocks opened marginally higher on Thursday, as investors assessed warnings from major central banks about a global slowdown and looked ahead to the start of the corporate earnings season.

…read more […]

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Business News

Amazon’s Bezos challenges retail rivals to raise minimum wages

April 11, 2019 admin Comments Off on Amazon’s Bezos challenges retail rivals to raise minimum wages

Amazon.com Inc Chief Executive Officer Jeff Bezos on Thursday challenged rival retailers to increase their minimum wages to $16 an hour.

…read more […]

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