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Business News

China hopes U.S. will create conditions necessary for September trade talks

August 29, 2019 admin Comments Off on China hopes U.S. will create conditions necessary for September trade talks

China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can create favorable conditions, China’s commerce ministry said on Thursday.

…read more […]

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China discussing September trade talks with U.S.: commerce ministry

August 29, 2019 admin Comments Off on China discussing September trade talks with U.S.: commerce ministry

China and the United States are discussing face-to-face trade talks that were scheduled to be held in the United States in September, China’s Commerce Ministry said on Thursday.

…read more […]

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Business News

South Korea top court returns Samsung heir Lee’s bribery case for review

August 29, 2019 admin Comments Off on South Korea top court returns Samsung heir Lee’s bribery case for review

South Korea’s Supreme court on Thursday overturned part of an appeals court ruling in the bribery case of Samsung Group’s de facto chief Jay Y. Lee, who had been given a two-and-a-half-year suspended sentence for seeking favor from the country’s ex-leader.

…read more […]

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UBS reshuffles C-suite with Credit Suisse star Khan, Citi vet Harford

August 29, 2019 admin Comments Off on UBS reshuffles C-suite with Credit Suisse star Khan, Citi vet Harford

The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse manager Iqbal Khan and Citigroup veteran Suni Harford as new wealth and asset management executives.

…read more […]

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UBS appoints Iqbal Khan wealth management co-head

August 29, 2019 admin Comments Off on UBS appoints Iqbal Khan wealth management co-head

The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse executive Iqbal Khan to co-lead its flagship business, replacing Martin Blessing.

…read more […]

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Bonds reign supreme, equities struggle on recession, Brexit fears

August 29, 2019 admin Comments Off on Bonds reign supreme, equities struggle on recession, Brexit fears

Global bond yields flirted with record lows while stocks struggled to recover on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.

…read more […]

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USDA to probe beef market after Tyson Foods slaughterhouse fire

August 29, 2019 admin Comments Off on USDA to probe beef market after Tyson Foods slaughterhouse fire

U.S. Agriculture Secretary Sonny Perdue ordered an investigation into widening prices between cattle and beef on Wednesday after a recent fire at a Tyson Foods Inc slaughterhouse in Holcomb, Kansas, shut the plant.

…read more […]

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Business News

Bond yields near record lows, shares struggle on darkening global outlook

August 29, 2019 admin Comments Off on Bond yields near record lows, shares struggle on darkening global outlook

Global bond yields flirted with record low levels while stocks struggled to recover on Thursday as economic turbulence from intensifying U.S-China frictions and the specter of a no-deal Brexit drove investors to safer harbors.

…read more […]

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Business News

Argentina says to extend maturities of international bonds, IMF debt

August 29, 2019 admin Comments Off on Argentina says to extend maturities of international bonds, IMF debt

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country’s ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.

…read more […]

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Business News

Argentina to extend maturities of international bonds, IMF debt: Treasury minister

August 29, 2019 admin Comments Off on Argentina to extend maturities of international bonds, IMF debt: Treasury minister

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of ensuring the country’s ability to pay, Treasury Minister Hernan Lacunza said on Wednesday.

…read more […]

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Business News

Fed’s Daly says she’s in a ‘watch and see’ mode on rates

August 29, 2019 admin Comments Off on Fed’s Daly says she’s in a ‘watch and see’ mode on rates

San Francisco Federal Reserve President Mary Daly on Thursday said she is in a “watch and see” mode as she assesses the need for another U.S. interest-rate cut, but said she believes acting early is better than waiting too long.

…read more […]

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IMF staff analyzing Argentina’s new debt plan: spokesman

August 29, 2019 admin Comments Off on IMF staff analyzing Argentina’s new debt plan: spokesman

The International Monetary Fund is analyzing the impact of a new debt plan announced by Argentina’s Treasury Ministry on Wednesday, an IMF spokesman said.

…read more […]

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Business News

Tesla rolls out insurance in California

August 29, 2019 admin Comments Off on Tesla rolls out insurance in California

Tesla Inc said on Wednesday it was launching an insurance service designed to give drivers in California, its biggest market, lower rates because of safety features on its electric vehicles.

…read more […]

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Samsung heir braces for top court ruling in ex-president bribery case

August 29, 2019 admin Comments Off on Samsung heir braces for top court ruling in ex-president bribery case

Samsung Group will discover the fate of its de facto leader on Thursday as South Korea’s Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchables.

…read more […]

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Business News

Factbox: South Korea’s top court ruling on Samsung heir and ex-president

August 29, 2019 admin Comments Off on Factbox: South Korea’s top court ruling on Samsung heir and ex-president

Samsung Group will discover the fate of its de facto leader on Thursday as South Korea’s Supreme Court rules whether to uphold the bribery conviction of Jay Y. Lee, in a scandal that unseated the president and trained public ire on corporate untouchables.

…read more […]

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