Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
Nov.29 — Morgan Stanley fired or placed on leave at least four traders over an alleged mismarking of securities that concealed losses of between $100 million and $140 million, according to people with knowledge of the matter. Bloomberg Opinion columnist Elisa Martinuzzi has the details on “Bloomberg Markets: European Open.” The views expressed are her own. …read more […]
Activists staged protests against online retailer Amazon around France on Friday, denouncing the rampant consumerism typified by the annual Black Friday shopping frenzy.
Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.
Agricultural machine manufacturers are working with banks in Brazil to avoid a repeat of slumping sales when public financing is expected to run out next year, the head of the local unit of U.S. tractor maker Deere & Co told Reuters on Thursday.
(Bloomberg) — Luxshare Precision Industry Co. has more than tripled this year, outperforming virtually every major stock traded in the Asia Pacific and underscoring the importance of a certain Apple Inc. product the Chinese company assembles: AirPods.Commanding a 50% share of the nascent true wireless earphones market — defined by earbuds that have no wired connection between each other or to the music source — Apple’s AirPods have quickly become an important growth driver for the Cupertino, California company. Wearables are Apple’s fastest-growing category, up 41% in 2019, and are filling in for the iPhone as the company’s growth driver …read more […]
(Bloomberg) — Gold is all that nationalist leaders in Europe’s east can talk about these days.Just this week, Poland’s government touted its economic might after completing the repatriation of 100 tons of the metal. Over in Hungary, anti-immigrant Prime Minister Viktor Orban has been ramping up holdings of the safe-haven asset to boost the security of his reserves.The gold rush mirrors steps by Russia and China to diversify reserves exceeding $3 trillion away from the dollar amid flaring geopolitical tensions with the U.S. Motivations in Europe’s ex-communist wing, however, can vary.Take the latest example. Former Slovak Premier Robert Fico, who …read more […]
British drugmaker AstraZeneca Plc said on Friday its immunotherapy cancer treatment Imfinzi has been granted a speedy review by the U.S. medicines watchdog for the treatment of a particularly aggressive type of lung cancer. The company said the U.S. Food and Drug Administration (FDA) accepted its supplemental application and granted priority review to Imfinzi for the treatment of previously untreated late-stage small cell lung cancer (SCLC). The FDA decision is a boost for the treatment as it competes against similar medicines from rivals Merck and Roche , and follows data in September which showed Imfinzi prolonged survival in …read more […]
Singapore instructed Facebook on Friday to publish a correction notice on a user’s social media post under a new ‘fake news’ law, raising fresh questions about how the firm will adhere to government requests to regulate content.
Brazil’s state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter. Sinopec, Abu Dhabi’s Mubadala Investment Co and Brazil’s Ultrapar Participações SA and Raizen were chosen to go through to the next phase, they said. …read more […]
Brazil’s state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four people with knowledge of the matter.
Renault-Nissan-Mitsubishi said on Friday that in coming days it planned to appoint a General Secretary for the alliance in a bid to boost operational efficiency.
British online grocer Ocado has signed a technology partnership with Japan’s Aeon to help the retailer establish an online business, its first deal in Asia.
Mexico’s state-run oil company Pemex has been fighting for almost a year in court to suspend a rule issued by the previous government, requiring the nationwide sale of clean diesel to start this year, court documents seen by Reuters show.
Japan’s biggest supermarket operator, Aeon Co Ltd, hired British online grocer Ocado Group on Thursday to expand in e-commerce, hoping to fend off rivals such as Amazon, as more customers buy groceries online. Online grocery shopping has yet to take off in Japan, where consumers are accustomed to shopping daily for fresh foods such as fish. Aeon’s rival Seiyu, operated by Walmart Inc, launched an online grocery venture with e-commerce firm Rakuten Inc in 2018, aiming to compete with the likes of Amazon Fresh. …read more […]
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