Business News
China says companies facing many difficulties due to trade frictions
Chinese companies are facing many difficulties due to trade frictions, Commerce Minister Zhong Shan said on Sunday.
Year: 2019
Business News
China says will open more sectors of economy to foreign investors
China will open up more sectors of the economy to foreign investors, and its policy of protecting foreign companies’ rights in the country will not change, Vice Commerce Minister Wang Shouwen said on Sunday.
Business News
Hong Kong’s sky-high property prices prove resilient in face of protests
While months of Hong Kong protests have scared away tourists, sent jitters across the financial center and cast a dark cloud over the local economy, there’s one thing residents of the city are confident they can bank on – sky-high property prices.
Business News
U.S. Treasury says no plans to block Chinese listings ‘at this time’: Bloomberg
The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.
Business News
BP preparing to announce CEO’s plan to retire: Sky News
BP Plc is preparing to announce that the British oil company’s chief executive, Bob Dudley, plans to retire within about 12 months, Sky News reported https://bit.ly/2nuYqLQ on Saturday.
Trading Ideas
News Fix: WeWork Isn’t the Only One Cleaning Up Its IPO Mess
Earlier this week, the Fix actually said out loud, “Bitcoin has been pretty boring lately.” One day later, bitcoin fell 15% and traded below $8,000 for the first time since June. Oops.
In the Fix’s defense, bitcoin had spent most of the month trading between $10,000 and $11,000. And volatility had reached its lowest point since April.
After the crash, our Adam Sharp wrote a terrific piece for our First Stage Investor members explaining why the price of bitcoin fell – and what you should do about it.
Bitcoin’s fall wasn’t the only big news story this week. In fact, this was the …read more […]
Business News
Motorbike ride sharing alleviates Dhaka traffic chaos
(This September 27 story corrects name of Pathao Chief Executive to Hassan M. Elius, not Hassan Melius, in paragraphs 6, 7.)
Business News
UK to repatriate 16,700 Thomas Cook customers on Saturday
A further 16,700 customers of collapsed British travel firm Thomas Cook are scheduled to be repatriated on Saturday on 76 flights, the country’s aviation regulator said.
Business News
‘System is not broken’ after 737 MAX crashes: review panel chair
The U.S. Federal Aviation Administration process for certifying new airplanes is not broken but needs to be improved, the chair of an international panel of air-safety regulators, tasked to review Boeing Co’s 737 Max, said on Friday.
Business News
U.S. FAA requiring inspections for cracks on some 737 NG planes
The U.S. Federal Aviation Administration late on Friday said it would require operators of some Boeing 737 NG jetliners to conduct inspections for structural cracks and make repairs as needed following the discovery of cracks on a small number of planes.
Business News
SoftBank seeks help from its COO to turn WeWork around: Bloomberg
Japan’s SoftBank Group Corp is seeking the help of its chief operating officer, Marcelo Claure, to turn around WeWork, Bloomberg reported on Friday.
Business News
U.S. labor judge rules that Tesla broke labor law
Electric carmaker Tesla Inc interfered with legitimate union organizing and must read a notice to workers explaining their rights in a meeting requiring attendance from Chief Executive Elon Musk, a U.S. labor judge ruled on Friday.
Business News
Platinum Partners founder gets new trial, former executive acquitted
Mark Nordlicht, the founder of defunct hedge fund firm Platinum Partners who was convicted of fraud, was granted a new trial by a New York federal judge on Friday, and David Levy, a former executive of Platinum, was acquitted.
Business News
FTC requests AbbVie, Allergan for more information on $63 billion deal
The U.S. Federal Trade Commission (FTC) has requested for more information from AbbVie Inc and botox maker Allergan Plc on their $63 billion deal, the companies said on Friday.
Business News
Delta to buy 20% of LATAM for $1.9 billion in regional shake-up
(This September 26 story corrects airline group to SkyTeam alliance instead of the Sky Alliance in paragraph 6)