Oil prices slipped on Tuesday on concerns about economic growth and fuel demand as uncertainty remains about the ability of the United States and China, the world’s biggest oil users, to agree a preliminary deal to end their trade war.
(Bloomberg) — Venus MedTech (HangZhou) Inc. is adding fuel to a boom of health-care IPOs in Hong Kong, as investors bet on rising demand from China’s aging population.The Chinese developer of cardiovascular devices began taking orders Tuesday, counting big names including Singapore’s sovereign fund GIC Pte among its cornerstone investors. Venus is seeking as much as $331 million from the sale, with an expected Dec. 10 listing.Health-care initial public offerings have raised $4.4 billion in Hong Kong since January, setting a record for the first 11 months and marking an almost 30% growth over the same period last year, according …read more […]
(Bloomberg) — The biggest pension fund in the Nordic region is working on a plan to rejig its $130 billion portfolio to help it cope with long-term negative interest rates.ATP, which is based north of Copenhagen, says its review will be “comprehensive.” There are “big decisions” ahead, Chief Executive Officer Bo Foged said in an interview. Measures may include shifting the basic allocation model at the fund to allow it to offload bonds and add risk.ATP is trying to run a pension fund in a country that’s had negative rates longer than any other place on Earth. Denmark’s central bank …read more […]
Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks.
(Bloomberg Opinion) — An estimated 9 million American citizens living outside the U.S. face a tax nightmare those at home can’t imagine and none should ever suffer. The reason: The U.S. is one of only two countries in the world (the other is Eritrea) that taxes its citizens regardless of where they live.American expats don’t necessarily owe the U.S. any tax: They can deduct taxes paid to host countries, which are often higher, or take an exemption. But they have to file returns and disclosures regardless, at a significant cost in accounting fees, nuisance and needless anxiety. The rules are …read more […]
Wall Street stocks have leap-frogged over a host of concerns, including a stall in corporate earnings and political controversy in Washington, on their way to record highs this month. The S&P 500 , the Dow Jones Industrial Average and the Nasdaq all closed at records on Monday as China’s Global Times newspaper reported that Beijing and Washington were “moving closer to agreeing” on a “phase one” trade deal. The prospect of renewed economic growth and favorable monetary policy have arguably played greater roles than trade optimism in fueling the rally in U.S. shares, some say. …read more […]
Q3 2019 Yelp Inc Earnings Call …read more […]
Spot gold was down 0.1% to $1,454.19 per ounce by 0331 GMT, having fallen to its lowest since Nov. 12 earlier in the session. U.S. gold futures inched 0.2% lower to $1,453.80. China’s Vice Premier Liu He, U.S. Trade representative Robert Lighthizer and U.S. Treasury Secretary Steven Mnuchin held a phone call on issues related to a phase one agreement, two days after a report that Beijing and Washington are “moving closer to agreeing” on the deal. …read more […]
French car parts maker Faurecia said it was targeting record sales, profits and cash generation in 2022 as a result of its strategy program and the boost from its acquisition of Japanese company Clarion.
Fiat Chrysler and Peugeot-owner PSA told their employees they would sign a binding merger agreement in coming weeks, several Italian newspapers reported on Tuesday.
Asian stocks rose on Tuesday, bolstered by new momentum in Sino-U.S. efforts to end their acrimonious trade dispute and as Chinese e-commerce giant Alibaba made a strong Hong Kong debut in the world’s largest share sale this year.
Alibaba Group’s Hong Kong shares made a solid debut on Tuesday, trading 6.9% higher than their issue price and at a small premium to pricing in New York after marking the world’s largest stock sale this year.
Oil prices were steady on Tuesday, hanging onto gains from the previous session, after comments from the United States and China kept alive hopes that the world’s two largest economies are soon to agree on ending their trade war. Brent crude futures were down 1 cent at $63.64 at 0331 GMT, after rising 0.4% in the previous session. West Texas Intermediate crude futures fell 5 cents at $57.96, having risen 0.4% on Monday. …read more […]
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on.
The chief executive of Australia’s Westpac Banking Corp stepped down on Tuesday over a money laundering scandal involving child exploitation, just a day after he told staff it was “not a major issue” and that he intended to stay on. Regulator AUSTRAC last week launched legal action accusing Westpac of enabling 23 million payments in breach of anti-money laundering laws, including the facilitation of offshore payments relating to child exploitation. Here are some key quotes from Westpac and government ministers since AUSTRAC announced its action on Nov 20. …read more […]
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