Japan’s lower house of parliament approved on Tuesday a limited trade deal Prime Minister Shinzo Abe agreed with the United States, clearing the way for tariff cuts next year on items including U.S. farm goods and Japanese machine tools.
Year-to-date inflows for fixed income ETFs are a whopping $129.2 billion. …read more […]
The life insurance arm of Commonwealth Bank of Australia pleaded guilty to 87 counts of breaching a law banning sales staff from making unsolicited calls to sell financial products, the country’s corporate regulator said on Tuesday.
Q3 2019 DASAN Zhone Solutions Inc Earnings Call …read more […]
U.S. President Donald Trump said he complained to Federal Reserve Chair Jerome Powell about high U.S. interest rates in a meeting they held at the White House on Monday morning.
(Bloomberg) — Tata Steel Ltd. plans to axe as many as 3,000 jobs across its European operations to cut costs in the latest blow to the region’s industry, with the move coming amid a heated general election campaign in the U.K.About two-thirds of the reductions would be office-based staff, the company said in a statement. Tata Steel — which has steel-making facilities in the U.K. and the Netherlands, as well as other manufacturing operations — didn’t give a detailed breakdown of where the job losses would be made.“Stagnant EU steel demand and global overcapacity have been compounded by trade conflicts, …read more […]
KKR & Co. has tapped Hong Kong’s CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden’s EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said.
Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation.
KKR & Co. has tapped Hong Kong’s CK Infrastructure Holdings Ltd and buyout groups including Blackstone and Sweden’s EQT AB to gauge buying interest for Singapore-based Goodpack, an intermediate bulk container maker, multiple sources with knowledge of the matter said. Working with advisors, private equity group (PE) KKR has reached out to more than a dozen potential buyers as it seeks bids for a deal that could give Goodpack a valuation of at least $2 billion, the sources said. KKR, EQT and Blackstone declined to comment, while there was no immediate response from CK …read more […]
Miller Value Partners recently released its 2019 Q3 investor letter – you can download a copy here. We just published another article about Bill Miller’s comments earlier today. The investment management firm did not have a good third quarter, experiencing a 1.81% decline, while the S&P 500 rose 1.70%. One of the top contributors for the fund over the […] …read more […]
Asian share markets were mixed on Tuesday, as another day awaiting clearer news on the progress of U.S.-China trade negotiations left investors bereft of trading motivation. MSCI’s broadest index of Asia-Pacific shares outside Japan inched 0.2% higher as hopes for stimulus in China lifted Shanghai blue chips by 0.8% and Hong Kong’s Hang Seng by 1%. Japan’s Nikkei, however, shed 0.2% and South Korea’s Kospi 200 dropped 0.3%. …read more […]
Q3 2019 Park Lawn Corp Earnings Call …read more […]
BEIJING/SHANGHAI (Reuters) – U.S. plant-based “meat” makers targeting China like Impossible Foods and Beyond Meat Inc will need to battle homegrown rivals which are developing local favourites such as dumplings and mooncakes to nab a share of the lucrative market. China’s meat substitute industry has seen a surge in interest in recent months, with startups, traditional food businesses and investors betting trend-loving Chinese consumers will take to plant-based protein like their U.S. counterparts. A devastating pig disease and bruising Sino-U.S. trade war that have combined to push up meat prices are also playing a role. …read more […]
Hong Kong’s new police chief called for the support of all citizens to end social unrest that has disrupted the city for more than five months, while protesters remained trapped by his officers at a university for a third day on Tuesday. About 200 protesters were still inside the sealed-off Hong Kong Polytechnic University campus, raising fears of bloody clashes with no resolution in sight. China’s top legislature, commenting on a ruling that said a proposed ban on face masks worn by protesters was unlawful, said Hong Kong courts had no power to rule on the constitutionality of …read more […]
(Bloomberg) — Cisco Systems Inc. sued three former senior employees whom it accused of stealing thousands of files containing confidential information when they defected to a competitor.Shortly after resigning their jobs at Cisco this year, the three men joined an unidentified company that competes “in the IP telephony, headset, video, and collaboration space,” according to the complaint.Cisco claims that Wilson Chung, who was one of its principal engineers, downloaded more than 3,000 internal documents containing trade secrets, including information about the company’s contributions to 5G technology and its design specification for a video-conferencing prototype, before he left in February.Chung is …read more […]
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