Articles by admin

British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January as it looks to simplify its operational structure.

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Asian stocks advanced to a six-week high on Thursday on hopes for a thaw in U.S.-China trade relations and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.

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Shares in the Hong Kong stock exchange fell more than 3% on Thursday as investors cast doubt on the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would create a global financial giant.

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U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods.

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U.S. authorities investigating Alphabet Inc’s Google for anticompetitive behavior have recently begun probing the company’s $116 billion-a-year advertising business.

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Hong Kong Exchanges and Clearing Ltd (HKEX) shares fell more than 3% on Thursday as investors weighed the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would make it a global giant.

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Yahoo Japan Corp on Thursday offered to buy the majority of online fashion retailer Zozo Inc for 400 billion yen ($3.70 billion), to better compete against rivals Amazon.com Inc and Rakuten Inc .

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Cathay Pacific Airways Ltd has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong Kong amid massive anti-government protests in the city.

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Asian stocks hit a six-week high on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank would kick off another wave of monetary easing by global central banks.

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Hong Kong Exchanges and Clearing Ltd (HKEX) shares fell more than 3% on Thursday after the bourse unveiled a $39 billion takeover approach to the London Stock Exchange Plc (LSE) on Wednesday.

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General Electric Co (GE) on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

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General Electric Co on Wednesday said it plans to reduce its ownership in oil and gas company Baker Hughes A GE Co to 38.4% from 50.4% at June-end, and aims to raise $2.7 billion in the process.

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U.S. President Donald Trump has ruled out for now slashing taxes on capital gains after a meeting with his advisers, a White House spokesman said on Wednesday.

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Asian stocks rose on Thursday on hopes for a thaw in U.S.-China trade frictions and expectations that the European Central Bank will kick off another wave of monetary easing by global central banks.

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U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a delay to scheduled tariff hikes on billions worth of Chinese goods.

…read more […]