Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks, several Italian newspapers reported on Tuesday.
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.
Alibaba Group’s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year.
Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war. Brent crude futures were down 1 cent at $63.64 at 0331 GMT, after rising 0.4% in the previous session. West Texas Intermediate crude futures fell 5 cents at $57.96, having risen 0.4% on Monday. …read more […]
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on.
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on. Regulator AUSTRAC last week launched legal action accusing Westpac of enabling 23 million payments in breach of anti-money laundering laws, including the facilitation of offshore payments relating to child exploitation. Here are some key quotes from Westpac and government ministers since AUSTRAC announced its action on Nov 20. …read more […]
Nov.26 — Alibaba is surging on its debut in Hong Kong, having already risen strongly in the grey market. The company raised more than $11 billion in the share sale. Bloomberg’s Sophie Kamaruddin reports on “Bloomberg Markets: Asia.” …read more […]
(Bloomberg) — Turkey’s decision to move forward with deployment of a Russian-made air defense system has sparked new urgency in the the U.S. Senate to punish the NATO ally.Tests in Ankara this week of the S-400 anti-aircraft missile system will increase pressure on the U.S. Treasury to impose sanctions mandated by current law. The move will also provide more incentive for the Senate to advance additional sanctions drafted last month in response to Turkey’s invasion of northern Syria — as Republican senators personally warned Turkish President Recep Tayyip Erdogan during his visit to the White House.Even before the announcement of …read more […]
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on.
Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war.
Peak Resources Ltd on Tuesday said it received an indication from a U.S. government agency regarding possible funding for its Ngualla Rare Earth project in Southern Tanzania. The Overseas Private Investment Corp, a U.S. government agency that helps American businesses invest in emerging markets, would consider financing the African project, subject to a review and approval process, Peak Resources said in a statement. The United States has been pushing to increase its rare earths capabilities to secure stable supply of the specialized material amid the country’s trade conflict with China. …read more […]
(Bloomberg Opinion) — For decades now, Australian banks have been a class apart.Thanks to a ceaselessly growing economy, an oligopolistic structure that prevents mergers between the big four lenders, and the loyalty of self-funded retirees who play a large part in the local stock market, they’ve been valued as if they’re in a fundamentally different business from counterparts in other countries.At their peaks, Commonwealth Bank of Australia, Westpac Banking Corp. and Australia & New Zealand Banking Group Ltd. were all priced at more than three times book value. That’s extraordinary in an industry where the share price should tend to …read more […]
Alibaba Group’s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year.
Tesla Inc’s chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk’s lawyer said on Monday in U.S. District Court in Los Angeles.
Tesla Inc’s chief executive, Elon Musk, will testify in his own defense against a defamation lawsuit brought by a British cave explorer, Musk’s lawyer said on Monday in U.S. District Court in Los Angeles. Vernon Unsworth is suing Musk for calling him a “pedo guy.” Musk posted the tweet after Unsworth accused Musk in a CNN interview of grandstanding by offering to help Unsworth’s diving team rescue 12 boys and their soccer coach from a Thailand cave in July 2018. …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
