Business News
Britain’s Ocado signs technology partnership with Japan’s Aeon
British online grocer Ocado has signed a technology partnership with Japan’s Aeon to help the retailer establish an online business, its first deal in Asia.
Year: 2019
Business News
Exclusive: Mexico’s Pemex fights in court to suspend clean diesel rule – documents
Mexico’s state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring the nationwide sale of clean diesel to start this year, court documents seen by Reuters show.
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Japan's Aeon turns to Ocado to expand online grocery service
Japan’s biggest supermarket operator, Aeon Co Ltd, hired British online grocer Ocado Group on Thursday to expand in e-commerce, hoping to fend off rivals such as Amazon, as more customers buy groceries online. Online grocery shopping has yet to take off in Japan, where consumers are accustomed to shopping daily for fresh foods such as fish. Aeon’s rival Seiyu, operated by Walmart Inc, launched an online grocery venture with e-commerce firm Rakuten Inc in 2018, aiming to compete with the likes of Amazon Fresh. …read more […]
Business News
BMW, Great Wall to build new China plant for electric cars
BMW and its partner Great Wall Motor said they plan to build a plant in China with a capacity of 160,000 cars per year, and which will produce BMW’s electric MINI brand and Great Wall Motor models.
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Thai Beverage plans Singapore IPO of up to $3 billion – source
Thai billionaire Charoen Sirivadhanabhakdi’s Thai Beverage is planning a Singapore IPO of some of its regional beer assets in a float that could raise $2 billion to $3 billion next year, a source familiar with the matter said on Friday. A Singapore IPO of just over $2 billion would make it the biggest in the city-state in about six years, while an issue of more than $3 billion would rank as the largest since 2010, according to Refinitiv data. Citing unnamed sources, Bloomberg earlier reported that ThaiBev is said to consider a Singapore IPO of its brewery …read more […]
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Hong Kong Stocks’ Sudden Tumble Catches Traders Off Guard
(Bloomberg) — Friday’s sudden tumble in Hong Kong stocks spread to the onshore market, with selling accelerating amid nervousness over a lack of clear triggers for the slump.The market was rife with speculation: health-care shares tumbled in Hong Kong when a document circulating on social media suggested Beijing could add dozens of new drugs to another round of procurement. Others said there was too much macro risk going into the weekend, with increasing uncertainty on the trade-war front. In onshore trading, the selling accelerated in the afternoon session as investors took profits in crowd favorites like Kweichow Moutai Co.The Hang …read more […]
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Does UniCredit S.p.A. (BIT:UCG) Have A Good P/E Ratio?
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios… …read more […]
Business News
Stocks shy from breaking new highs as trade mood darkens
Asian shares slipped on Friday, knocking a global stock index off its path to hitting an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war.
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Edited Transcript of UAL earnings conference call or presentation 16-Oct-19 2:30pm GMT
Q3 2019 United Airlines Holdings Inc Earnings Call …read more […]
Business News
France’s PSA to sell stake in smaller Chinese tie-up as sales slide
Peugeot maker PSA Group said it is preparing to sell its 50% stake in an eight-year-old joint venture with Chinese partner Chongqing Changan Automotive which has struggled with falling sales.
Business News
Indian retailer Future’s shares surge as regulator approves Amazon investment
Shares in Future Retail Ltd surged 13% on Friday, after India’s antitrust body approved a deal that would give Amazon.com Inc a minority stake in one of the country’s top retail groups.
Business News
China limits number of rides drivers can offer through car-pooling services
China’s Ministry of Transport said car-pooling services have to limit the daily number of rides drivers can offer through apps such as Didi Chuxing’s Hitch, which began trial operations this month a year after passenger deaths left the service suspended.
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Edited Transcript of DE earnings conference call or presentation 27-Nov-19 3:00pm GMT
Q4 2019 Deere & Co Earnings Call …read more […]
Business News
Stocks hesitate just short of new peaks as clouds darken over U.S.-China ties
Asian markets slipped on Friday leaving global shares just short of an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war.
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Hedge Funds Getting Excited About Parsley Energy Inc (PE)
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through November 22nd. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 52% and 49% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. […] …read more […]