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Home2019September

Month: September 2019

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Business News

China says firms have started inquiring about U.S. agriculture buys

September 12, 2019 admin Comments Off on China says firms have started inquiring about U.S. agriculture buys

China’s Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.

…read more […]

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Business News

Political risks of Hong Kong exchange’s $39 billion LSE approach takes toll on shares

September 12, 2019 admin Comments Off on Political risks of Hong Kong exchange’s $39 billion LSE approach takes toll on shares

Hong Kong stock exchange shares fell more than 3% on Thursday as investors raised concerns about the political and regulatory risks involved in its $39 billion approach to take over London Stock Exchange (LSE) .

…read more […]

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Business News

Waymo eyes deploying self-driving technology in trucking: CEO Krafcik

September 12, 2019 admin Comments Off on Waymo eyes deploying self-driving technology in trucking: CEO Krafcik

Waymo is exploring deploying its self-driving technology in the trucking industry, CEO John Krafcik said on Thursday, as it works with industry partners to seize a commercial opportunity from a looming shortage of human drivers.

…read more […]

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Mexico’s $5 billion debt bailout for Pemex ‘a one off’: deputy minister

September 12, 2019 admin Comments Off on Mexico’s $5 billion debt bailout for Pemex ‘a one off’: deputy minister

Mexico’s $5 billion rescue package to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said.

…read more […]

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China says firms have started inquiring about U.S. agri buys

September 12, 2019 admin Comments Off on China says firms have started inquiring about U.S. agri buys

China’s Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.

…read more […]

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BAT cutting 2,300 jobs as new CEO Bowles spurs changes

September 12, 2019 admin Comments Off on BAT cutting 2,300 jobs as new CEO Bowles spurs changes

British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January, about 4% of its workforce, as the world’s second largest tobacco company by sales focuses on newer smoking options such as e-cigarettes.

…read more […]

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Nissan China head, turnaround executive among top candidates for CEO: sources

September 12, 2019 admin Comments Off on Nissan China head, turnaround executive among top candidates for CEO: sources

The head of Nissan Motor Co’s China business and an executive tasked with leading its revival have emerged as two of the top candidates to take over as the next CEO of the troubled Japanese automaker, four people familiar with the matter said.

…read more […]

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As trade war deepens, a state-owned insurer in China helps soften the blow

September 12, 2019 admin Comments Off on As trade war deepens, a state-owned insurer in China helps soften the blow

As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.

…read more […]

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AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

September 12, 2019 admin Comments Off on AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

The world’s largest brewer, Anheuser-Busch InBev , which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to raise about $5 billion from a revived float, people with knowledge of the matter said.

…read more […]

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Amid U.S. vaping crackdown, Juul enters China with online store openings

September 12, 2019 admin Comments Off on Amid U.S. vaping crackdown, Juul enters China with online store openings

U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world’s largest market of smokers.

…read more […]

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Business News

BAT plans to cut 2,300 jobs by Jan 2020

September 12, 2019 admin Comments Off on BAT plans to cut 2,300 jobs by Jan 2020

British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January as the world’s second largest tobacco company by sales looks to streamline its operations.

…read more […]

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Business News

Hong Kong exchange shares fall as political risks of $39 billion LSE approach weigh

September 12, 2019 admin Comments Off on Hong Kong exchange shares fall as political risks of $39 billion LSE approach weigh

Shares in the Hong Kong stock exchange fell more than 3% on Thursday as investors cast doubt on the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would create a global financial giant.

…read more […]

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Business News

British American Tobacco to cut 2,300 jobs by Jan 2020

September 12, 2019 admin Comments Off on British American Tobacco to cut 2,300 jobs by Jan 2020

British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January as it looks to simplify its operational structure.

…read more […]

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Asian stocks at six-week highs as trade war gloom lifts before ECB

September 12, 2019 admin Comments Off on Asian stocks at six-week highs as trade war gloom lifts before ECB

Asian stocks advanced to a six-week high on Thursday on hopes for a thaw in U.S.-China trade relations and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.

…read more […]

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Hong Kong exchange shares fall as political risks of $38 billion LSE approach weigh

September 12, 2019 admin Comments Off on Hong Kong exchange shares fall as political risks of $38 billion LSE approach weigh

Shares in the Hong Kong stock exchange fell more than 3% on Thursday as investors cast doubt on the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would create a global financial giant.

…read more […]

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