Trading Ideas
Stocks fall ahead of Fed meeting, trade deadline
Investors are concerned about a U.S. tariff deadline on Chinese imports. …read more […]
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Trading Ideas
Ted Baker CEO, chairman step down; outlook cut, dividend suspended
Recently appointed Chief Financial Officer, Rachel Osborne, will take on the CEO role from Lindsay Page on an interim basis. Page was promoted to the role in April after founder Ray Kelvin stepped down after allegations of misconduct at the company. …read more […]
Business News
U.S. trade offensive takes out WTO as global arbiter
U.S. disruption of the global economic order reaches a major milestone on Tuesday as the World Trade Organization (WTO) loses its ability to intervene in trade wars, threatening the future of the Geneva-based body.
Business News
Exclusive: Malaysia’s Mahathir hopeful of 1MDB settlement with Goldman soon
Malaysian Prime Minister Mahathir Mohamad is hopeful of reaching an out-of-court settlement with Goldman Sachs over the 1MDB scandal soon, but that compensation of “one point something billion” dollars offered by the bank was too small.
Trading Ideas
EMERGING MARKETS-Stocks, currencies flat amid U.S.-China tariff jitters
Stocks were little changed on Tuesday, less than a week before the United States is due to impose more tariffs on Chinese goods. Markets are holding out hopes for an interim trade deal before the Dec. 15 deadline for new tariffs, although mixed signals from the United States last week and Beijing’s insistence on the removal of existing tariffs has kept investors cautious. …read more […]
Business News
Domino’s Pizza chairman Stephen Hemsley to step down
Domino’s Pizza Group on Tuesday said its long-serving Chairman Stephen Hemsley will step down from the board, four months after the British pizza delivery chain announced retirement of its chief executive officer.
Business News
Stocks dip as tariff deadline approaches
Global stock markets fell for a second day on Tuesday, as caution over a Dec. 15 deadline for the next round of U.S. tariffs on Chinese imports weakened risk appetite and limited outsized market moves.
Business News
Rolls-Royce says ValueAct executive leaves board, shares fall
British engineering company Rolls-Royce said Bradley Singer, a representative of its largest shareholder the activist investor ValueAct Capital, has resigned from its board, weakening the stock.
Business News
Amazon secures Champions League rights for Germany: report
Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company’s second biggest market, the DWDL media trade website reported on Tuesday.
Trading Ideas
Amazon secures Champions League rights for Germany: report
Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company’s second biggest market, the DWDL media trade website reported on Tuesday. The website said the rights included top Champions League matches on Tuesday evenings. Amazon was not immediately available for comment. …read more […]
Business News
France fines Morgan Stanley $22 million for manipulating sovereign bonds
France’s markets watchdog AMF said on Tuesday it has fined U.S bank Morgan Stanley 20 million euros ($22 million) for manipulation of sovereign bonds.
Trading Ideas
UPDATE 1-S.Africa mining companies cut production due to power shortages
South African mining companies Harmony Gold, Impala Platinum, and Sibanye-Stillwater have been forced to cut production since Monday due to power shortages, they said on Tuesday. “There are very few underground mines that operated overnight and will be operating normally today,” said a spokesman for the Minerals Council, an industry body. Harmony Gold called off its underground shifts, saying it would resume as soon as state power company Eskom could provide assurance power supply would be more reliable. …read more […]
Business News
Japan’s markets watchdog recommends $22 million fine for Nissan over Ghosn pay
Japan’s markets watchdog said on Tuesday it has recommended that the country’s financial regulator fine Nissan Motor Co Ltd about 2.4 billion yen ($22 million) over the underreporting of former Chairman Carlos Ghosn’s compensation.
Business News
Cboe Global to buy equities clearing house EuroCCP
Cboe Global Markets has agreed to buy EuroCCP, giving the exchange operator full control over the equity clearing house.
Business News
Rolls-Royce says ValueAct executive leaves board
British engineering company Rolls-Royce said Bradley Singer, a representative of its largest shareholder the activist investor ValueAct Capital, has resigned from its board.