Business News
Fiat Chrysler chairman says ‘great opportunities’ from Peugeot tie up
Italian carmaker Fiat Chrysler will be able to “seize great opportunities” from a merger with Peugeot owner PSA , its chairman John Elkann said on Friday.
Year: 2019
Business News
Exclusive: Boon for Hong Kong as Alibaba’s eyes $15 billion late November listing – sources
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests.
Business News
U.S.-China trade war keeps markets on their toes
Uncertainty about the fate of the trade negotiations between the United States and China kept markets on their toes on Friday, with European stocks benchmarks mimicking their Asian peers and retreating from the previous session’s highs.
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Edited Transcript of DCP earnings conference call or presentation 7-Nov-19 3:00pm GMT
Q3 2019 DCP Midstream LP Earnings Call …read more […]
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Gas tanker leased from Russia heads for U.S. to fetch LNG cargo
A gas tanker once hailed by President Vladimir Putin as a bulwark of Russian energy security is heading for a liquefied natural gas (LNG) terminal in the United States, ship tracking data from Refinitiv’s Eikon showed on Friday. The collection of an LNG cargo from the United States by a Russian tanker would be potentially awkward for Putin and Kremlin-controlled gas company Gazprom, which leased out the vessel to Austrian company OMV in August. Putin has accused the United States of trying to undercut Russian gas supplies with its LNG exports which he has said are over-priced …read more […]
Business News
GE unit orders 25 Airbus jets including 12 Rolls-powered A330neo: sources
Leasing giant GECAS, the aircraft leasing subsidiary of General Electric , has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
Business News
Japanese companies likely to spurn Saudi Aramco IPO: JXTG president
Japanese companies are unlikely to invest in Saudi Aramco’s blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world’s biggest oil company, the head of Japan’s largest refiner said on Friday.
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Richemont Signals Tiffany Bid Unlikely as Earnings Disappoint
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Richemont signaled it’s inclined to look after its own business rather than starting a bidding war against rival LVMH for jeweler Tiffany & Co. And the latest numbers show the Swiss watch and luxury company has some work to do.The Cartier owner’s shares fell as much as 5.6% Friday after it reported weaker-than-expected earnings and a slowdown in second-quarter revenue, hit by Hong Kong protests and investments in e-commerce.That contrasts with accelerating sales growth at LVMH and Hermes. Richemont risks being overshadowed …read more […]
Business News
GE unit orders 25 Airbus jets including 12 Rolls-powered A330neo: sources
GECAS, the aircraft leasing subsidiary of General Electric , has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
Business News
With discounts galore and Taylor Swift, Alibaba eyes another record Singles’ Day
Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales.
Business News
Exclusive: Alibaba planning launch of $15 billion HK listing for last week of November – sources
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters.
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Edited Transcript of HL earnings conference call or presentation 7-Nov-19 3:00pm GMT
Q3 2019 Hecla Mining Co Earnings Call …read more […]
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Edited Transcript of STNG earnings conference call or presentation 7-Nov-19 1:30pm GMT
Q3 2019 Scorpio Tankers Inc Earnings Call …read more […]
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With discounts galore and Taylor Swift, Alibaba eyes another record Singles' Day
Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales. This year’s Nov. 11 bash comes as the $486 billion Chinese retail juggernaut navigates through a major turning point, the resignation in September of its flamboyant co-founder Jack Ma as chairman, and looks to raise up to $15 billion via a share sale in Hong Kong as early as this month. Akin to Black Friday and Cyber …read more […]
Business News
New PSA-Fiat Chrysler management to try to improve cost savings: PSA CEO
The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal, and its management will try to improve that over time, PSA’s chief executive told French BFM Business radio on Friday.