Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of a further rise in U.S. crude inventories.
German-owned discount supermarket Lidl GB has vowed to spend 15 billion pounds ($19 billion) with British suppliers over the next five years, committing to increase sales of local meat, poultry and fresh produce.
The chief executive of struggling German consumer electronics chain Ceconomy is set to be removed after only a few months in the job due to an internal power struggle, sources close to the company said on Wednesday.
Q2 2019 Southwestern Energy Co Earnings Call …read more […]
In Mexico’s burgeoning startup scene, publicity is the last thing many entrepreneurs want.
Skoda Auto’s global deliveries dropped 2.7% to 913,700 cars in the first nine months compared with the same period last year, the subsidiary of Germany’s Volkswagen said on Wednesday.
Signify , the Dutch-based lighting company, has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp. for $1.4 billion in cash to boost its presence in North America.
The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two senior administration officials said.
(Bloomberg) — Huawei Technologies Co.’s revenue jumped 24% in 2019’s first nine months, defying Trump administration sanctions to sustain growth in its pivotal smartphone business.China’s largest technology company reported revenue of 610.8 billion yuan ($86.1 billion) in the January to September period. Global smartphone shipments jumped 26% in the first three quarters to over 185 million units, helping safeguard its position as the world’s second largest name in mobile devices.China’s largest technology company managed to grow revenue despite curbs on the export of crucial American software and components, which executives had warned for months would severely crimp both its networking …read more […]
Private equity giant KKR & Co and its partners canceled what was to be Australia’s biggest listing of the year, lender Latitude Financial, because investors would not pay a price that reflected its value, the Latitude CEO said on Wednesday.
Shares of Turkey’s Halkbank plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking part in a multibillion-dollar scheme to evade U.S. sanctions on Iran.
On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA’s Houston Rockets tweeted support for the protests in Hong Kong.
On Oct. 4, a Chinese trader noticed a sharp drop in the price of crypto tokens backed by Nike’s Air Jordan sneakers on a U.S.-based exchange after the general manager of the NBA’s Houston Rockets tweeted support for the protests in Hong Kong. The trader posted about the fall – which he told Reuters was more than 10% at the time – on Weibo, China’s equivalent of Twitter. “But it’s clear sneaker speculators were pulling money out of the market” after the Chinese government and netizens responded angrily to the comment by Houston Rockets general manager Daryl Morey, …read more […]
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
The date of entry into service of Boeing Co’s ultra-long-range 777-8 wide-body airliner will depend partly on customer demand, an executive said, with the planemaker hoping to win an order from Qantas Airways Ltd to supply the plane for Sydney-London flights.
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