Asian stocks jumped on Friday, propelled by a record S&P 500 finish and White House comments suggesting Washington and Beijing were close to striking a trade deal, reviving hopes the tariff war may near an end.
Oil prices posted early gains as OPEC’s outlook for oil demand next year fueled hopes that the producer group and its associates will keep a lid on supply when they meet to discuss policy on output next month.
Oil prices eased on Thursday as U.S. crude futures were pressured by a build in domestic inventories and record production, but losses were limited by forecasts from the Organization of the Petroleum Exporting Countries for a lower-than-expected oil surplus.
Q3 2019 Indivior PLC Earnings Call …read more […]
Boeing’s multibillion dollar contract to build U.S. astronaut capsules received an “unnecessary” extension from NASA, a watchdog report said on Thursday, the latest management blunders in the agency’s program to restart domestic human spaceflight. NASA agreed to pay Boeing Co a $287 million premium for “additional flexibilities” to accelerate production of the company’s Starliner crew vehicle and avoid an 18-month gap in flights to the International Space Station. NASA’s inspector general called it an “unreasonable” boost to Boeing’s fixed-priced $4.2 billion dollar contract. …read more […]
Boeing’s multibillion dollar contract to build U.S. astronaut capsules received an “unnecessary” extension from NASA, a watchdog report said on Thursday, the latest management blunders in the agency’s program to restart domestic human spaceflight. NASA agreed to pay Boeing Co a $287 million premium for “additional flexibilities” to accelerate production of the company’s Starliner crew vehicle and avoid an 18-month gap in flights to the International Space Station. NASA’s i
The United States and China are getting close to a trade agreement, White House economic adviser Larry Kudlow said on Thursday, citing what he called very constructive talks with Beijing about ending a 16-month trade war.
(Bloomberg) — Alibaba Group Holding Ltd. priced the retail portion of its Hong Kong share sale Friday, issuing an appeal to retail investors in a city in the throes of recession after months of violent pro-democracy protests.The largest Chinese e-commerce company capped the 12.5 million shares available to individual investors at HK$188 apiece, an auspicious number in Chinese culture. Alibaba said it may price the remainder of its 500 million-share offering above that ceiling, signaling that it aims to raise at least $12 billion in what would be one of the world’s largest sale of stock this year. The company …read more […]
Activist investor Carl Icahn will not have access to Occidental Petroleum Corp’s Anadarko takeover records to support his proxy fight against the oil firm’s board, a Delaware court judge ruled on Thursday.
Warren Buffett’s Berkshire Hathaway Inc on Thursday disclosed a new investment in RH , boosting shares of the luxury furniture and home furnishings chain once known as Restoration Hardware.
Asian equities rose on Friday after the S&P 500 index notched a new record closing high, but investor sentiment remained fragile following weak data from China and Germany, which reinforced concerns about the global economy.
NagaCorp Ltd. (HKG:3918), which is in the hospitality business, and is based in Cambodia, received a lot of attention… …read more […]
Alibaba Group Chairman Daniel Zhang said Hong Kong’s “future is bright” as the ecommerce giant kicked off the retail campaign for its secondary listing in the city gripped by increasingly violent protests and recession.
Retail sales figures for October will take centerstage Friday. …read more […]
(Bloomberg) — Chinese President Xi Jinping called an end to violence Hong Kong’s “most urgent task,” as an attack on the city’s justice minister and the second protest-related death in a week heightened tensions in the paralyzed financial center.The rare comments by Xi during a visit to Brazil on Thursday came as the U.S. Senate moved to expedite passage of legislation that would support Hong Kong’s pro-democracy protesters. Earlier, a 70-year-old government contract worker who was struck during a brick-hurling fight between protesters and their opponents died of his injuries.The protests, which have raged for more than five months, flared …read more […]
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