Oil prices fell more than 1% on Monday amid concerns over the prospects of a trade deal between the United States and China, while worries about oversupply also weighed on the market.
The goal of this article is to teach you how to use price to earnings ratios (P/E ratios). We’ll show how you can use… …read more […]
Netherlands-based Prosus has tweaked its offer for online takeaway delivery platform Just Eat , lowering the acceptance threshold for investors as it battles Takeaway.com to buy the British company.
(Bloomberg) — Major Hong Kong banks spent their morning telling employees to commute carefully, and by afternoon began urging them to consider going home as police lobbed tear gas at protesters on the streets outside.“Your safety is our top priority,” HSBC Holdings Plc wrote to staff around lunchtime, inviting them to use their judgment in leaving and noting the firm will remain open. “Please take laptops home if you are able to work remotely.”Most of the city’s major investment banks and other financial firms tried to operate normally, though some lenders closed branches near flareups as a precaution, after the …read more […]
Netherlands-based Prosus said on Monday it had published its cash offer document to buy online takeaway delivery platform Just Eat for 710 pence a share, pitching its bid against rival Takeaway.com with a lowered acceptance threshold of 75%.
Fewer new energy vehicles (NEV) could be sold in China this year than in 2018, an official at the country’s biggest auto industry association said on Monday, as customers hold back on purchases following a government decision to cut subsidies.
Spot gold was up 0.3% at $1,462.83 per ounce at 0614 GMT, while U.S. gold futures were flat at $1,462.90 per ounce. “Gold prices are pretty low now and investors are taking this opportunity to take positions in the safe-haven metal as there is still an upside to it, considering the concerns over the trade war and global economy,” said Brian Lan of Singapore dealer GoldSilver Central. Gold buying by central banks, especially in China, is also boosting prices, Lan added. …read more […]
(Bloomberg) — Tesla Inc. unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically-made electric sedans in the world’s largest auto market.Assembled in Tesla’s new Shanghai Gigafactory, which only broke ground in January, the first Model 3 sedans came in blue and were emblazoned with the brand name in Chinese characters. Selected local media were invited late last week to test drive the vehicles, which start at about $50,000.China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test …read more […]
Shares declined Monday in Asia as investors watched for the latest developments in the China-U.S. trade war saga. Hong Kong led the retreat, with the Hang Seng falling 2.7% to 26,902.36 after a police officer wounded a protester in a shooting. Australia’s S&P ASX/200 was the sole major index to advance, gaining 0.7% to 6,772.50. …read more […]
Chinese retailer Alibaba on Monday said sales for its annual Singles’ Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc’s online store sales in the latest quarter.
China’s dominant e-commerce firm Alibaba Group Holding Ltd raked in $23 billion worth of sales in the first nine hours of its annual Singles’ Day shopping extravaganza on Monday, setting records as the event celebrates its 11th year.
Malaysian budget carrier AirAsia Group Bhd said on Monday it would transfer two slots on its Kuala Lumpur-Singapore route, its most profitable, to long-haul sister airline AirAsia X Bhd , which has been struggling financially.
Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war.
Asian shares sank on Monday, the safe haven yen rose and gold jumped following a fresh escalation of violence in Hong Kong while uncertainty still remained over whether the United States and China could end their damaging trade war. Hong Kong’s Hang Seng index led the losses in Asia, down 2.4%, after police fired live rounds at protestors on the eastern side of Hong Kong island. …read more […]
Chinese retailer Alibaba on Monday said sales for its annual Singles’ Day shopping blitz jumped 25% in the first nine hours to $23 billion, nearly two thirds of U.S. rival Amazon.com Inc’s online store sales in the latest quarter. Sales growth for the full 24-hour event, however, is likely to fall short of the year earlier, analysts said, at a time when China’s economic expansion heads toward a historic low. The event, a gauge of Chinese consumer sentiment, has also become a shop window this year for Alibaba Group Holding Ltd as the firm plans to …read more […]
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