Luckin Coffee Inc said it is expanding into vending machines that sell freshly brewed hot beverages and snacks, seeking even more of the China market after overtaking Starbucks Corp as the country’s biggest coffee chain by number of stores.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Saudi Aramco shares fell to a new low on Wednesday after Iran launched missiles against U.S. targets in Iraq, but Gulf debt markets were fairly stable, as some had feared stronger retaliation from Iran.
European shares fell on Wednesday and U.S. equity futures pointed to weakness on Wall Street after Iran’s attack on U.S.-led forces in Iraq, but earlier sharp market moves were starting to fade as fears abated that the raid would lead to an immediate military escalation.
Zhejiang Geely Holding Group Co Ltd and Mercedes-Benz on Wednesday said they would each invest 2.7 billion yuan ($388.77 million) in a China-based venture to build “premium and intelligent electrified” vehicles under the smart brand.
Dividend paying stocks like The Royal Bank of Scotland Group plc (LON:RBS) tend to be popular with investors, and for… …read more […]
Fugitive ex-Nissan chief Carlos Ghosn’s lawyers opened fire on the car maker on Wednesday, hours before he was scheduled to hold a highly anticipated news conference, accusing it of using a “flawed, biased” internal probe to engineer his arrest.
Malaysia’s former prime minister, Najib Razak, allegedly sought help from the United Arab Emirates’ crown prince to fake evidence to cover up for the 1MDB scandal, according to audio clips revealed by Malaysian anti-graft officials on Wednesday.
(Bloomberg) — A Boeing Co. 737-800 passenger jet bound for Ukraine crashed shortly after takeoff in Iran, killing everyone on board.Ukraine International Airlines said 167 passengers and nine crew members were aboard Flight 752, which crashed at 6:18 a.m. local time in Sabashahr near Tehran. Ukrainians, Iranians and Canadians were among those aboard, it said.The head of Tehran’s Disaster Mitigation and Management Organization, Mansour Darajati, said early assessments suggest the crash was caused by a technical issue, IRNA reported. Another state-run outlet quoted an official from the Iran Civil Aviation Organization as saying the airline didn’t declare an emergency.Television footage …read more […]
German carmaker BMW achieved record sales of 2.5 million vehicles in 2019, sales chief Pieter Nota said on Wednesday, adding that he was upbeat about the company’s prospects in 2020.
Oil prices steadied 1% higher on Wednesday, well below peaks hit in frenzied trading earlier in the day after a rocket attack by Iran on American forces in Iraq raised the specter of a spiraling Mideast conflict and disruption to crude flows.
(Bloomberg) — NMC Health Plc shares plunged after two major investors sold $493 million worth of shares well below the market price to reduce their holdings in the troubled health-care group.The stock fell as much as 19% to 1,206 pence in early London trading. Investors Saeed Mohamed Butti Mohamed Khalfan Al Qebaisi and Khaleefa Butti Omair Yousif Ahmed Al Muhairi both sold about 15% of NMC for about 1,200 pence a share.The company had a rocky end to 2019 as shares slumped following allegations by Carson Block’s Muddy Waters Capital LLC. The short-selling firm said the company’s financial statements hint …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Anglo American Plc said it’s in advanced talks over a possible takeover offer for troubled Sirius Minerals Plc, which is struggling to build a $3.8 billion potash mine in the U.K.The potential acquisition of Sirius comes after Chief Executive Officer Mark Cutifani strengthened the balance sheet of Anglo, whose mining portfolio spans copper and iron ore to platinum and diamonds. The company said it had identified the potential of Sirius’s potash mine some time ago, given its projected scale, lifespan and profit …read more […]
CITIC Ltd , the main listed arm of Chinese state-owned conglomerate CITIC Group, plans to sell a 22% stake in McDonald’s Corp’s mainland China and Hong Kong business, which is likely to be bought by the group’s private equity arm.
Japanese fashion tycoon Yusaku Maezawa is giving away $9 million to his Twitter followers in what he says is a “social experiment” to see if the payment boosts their happiness.
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