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Home2019August

Month: August 2019

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Business News

Europe cheers Italy pact, bond bulls pause for breath

August 29, 2019 admin Comments Off on Europe cheers Italy pact, bond bulls pause for breath

Signs that Italy’s latest political drama was over and hopeful noises from Beijing in the trade war pushed Europe’s share markets higher on Thursday and paused the relentless steamrollering of global bond yields.

…read more […]

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Business News

UBS hires former Credit Suisse star Khan as part of broader shakeup

August 29, 2019 admin Comments Off on UBS hires former Credit Suisse star Khan as part of broader shakeup

Switzerland’s biggest bank UBS on Thursday appointed former Credit Suisse manager Iqbal Khan to co-lead its flagship wealth management business, as part of a broader shake-up of its executive board.

…read more […]

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Business News

London mayor says firms must play by the rules as Uber faces license renewal

August 29, 2019 admin Comments Off on London mayor says firms must play by the rules as Uber faces license renewal

London’s Mayor Sadiq Khan said everyone must play by the rules when asked on Thursday about taxi app Uber’s London license, which is due to expire in less than a month’s time.

…read more […]

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Business News

South Korea court ruling raises chance of Samsung heir’s return to jail

August 29, 2019 admin Comments Off on South Korea court ruling raises chance of Samsung heir’s return to jail

South Korea’s Supreme Court on Thursday ruled that a bribery case against the heir of the Samsung Group should be reviewed by a lower court, raising the possibility of a tougher sentence and potential return to jail.

…read more […]

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Business News

China hopes U.S. will create conditions necessary for September trade talks

August 29, 2019 admin Comments Off on China hopes U.S. will create conditions necessary for September trade talks

China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can create favorable conditions, China’s commerce ministry said on Thursday.

…read more […]

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Business News

China discussing September trade talks with U.S.: commerce ministry

August 29, 2019 admin Comments Off on China discussing September trade talks with U.S.: commerce ministry

China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September, China’s Commerce Ministry said on Thursday.

…read more […]

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Business News

South Korea top court returns Samsung heir Lee’s bribery case for review

August 29, 2019 admin Comments Off on South Korea top court returns Samsung heir Lee’s bribery case for review

South Korea’s Supreme court on Thursday overturned part of an appeals court ruling in the bribery case of Samsung Group’s de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favor from the country’s ex-leader.

…read more […]

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Business News

UBS reshuffles C-suite with Credit Suisse star Khan, Citi vet Harford

August 29, 2019 admin Comments Off on UBS reshuffles C-suite with Credit Suisse star Khan, Citi vet Harford

The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset management executives.

…read more […]

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Business News

UBS appoints Iqbal Khan wealth management co-head

August 29, 2019 admin Comments Off on UBS appoints Iqbal Khan wealth management co-head

The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse executive Iqbal Khan to co-lead its flagship business, replacing Martin Blessing.

…read more […]

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Business News

Bonds reign supreme, equities struggle on recession, Brexit fears

August 29, 2019 admin Comments Off on Bonds reign supreme, equities struggle on recession, Brexit fears

Global bond yields flirted with record lows while stocks struggled to recover on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.

…read more […]

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Business News

USDA to probe beef market after Tyson Foods slaughterhouse fire

August 29, 2019 admin Comments Off on USDA to probe beef market after Tyson Foods slaughterhouse fire

U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods Inc slaughterhouse in Holcomb, Kansas, shut the plant.

…read more […]

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Bond yields near record lows, shares struggle on darkening global outlook

August 29, 2019 admin Comments Off on Bond yields near record lows, shares struggle on darkening global outlook

Global bond yields flirted with record low levels while stocks struggled to recover on Thursday as economic turbulence from intensifying U.S-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.

…read more […]

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Business News

Argentina says to extend maturities of international bonds, IMF debt

August 29, 2019 admin Comments Off on Argentina says to extend maturities of international bonds, IMF debt

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country’s ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.

…read more […]

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Business News

Argentina to extend maturities of international bonds, IMF debt: Treasury minister

August 29, 2019 admin Comments Off on Argentina to extend maturities of international bonds, IMF debt: Treasury minister

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country’s ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.

…read more […]

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Business News

Fed’s Daly says she’s in a ‘watch and see’ mode on rates

August 29, 2019 admin Comments Off on Fed’s Daly says she’s in a ‘watch and see’ mode on rates

San Francisco Federal Reserve President Mary Daly on Thursday said she is in a “watch and see” mode as she assesses the need for another U.S. interest-rate cut, but said she believes acting early is better than waiting too long.

…read more […]

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