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Business News

Apple under investigation for unfair competition in Russia

August 8, 2019 admin Comments Off on Apple under investigation for unfair competition in Russia

Apple is under investigation in Russia following a complaint from cybersecurity company Kaspersky Lab and may be abusing its dominant position in smartphone apps, Russia’s anti-monopoly watchdog said on Thursday.

…read more […]

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Business News

Asia stocks find solace in China trade surprise, yuan’s fix

August 8, 2019 admin Comments Off on Asia stocks find solace in China trade surprise, yuan’s fix

Asian shares were trying to piece together a rally on Thursday as Beijing reported surprisingly solid trade numbers while also limiting the fall in its yuan, offering a brief respite from fears of a global currency war.

…read more […]

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Business News

Nestle starts selling Starbucks-branded coffee in China

August 8, 2019 admin Comments Off on Nestle starts selling Starbucks-branded coffee in China

Food giant Nestle on Thursday started selling Starbucks-branded coffee in mainland China, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards.

…read more […]

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Business News

Venture capital fuels Latam ‘unicorns’ expansion beyond borders

August 8, 2019 admin Comments Off on Venture capital fuels Latam ‘unicorns’ expansion beyond borders

Surging venture capital investment in Latin American startups has financed international expansion across the region and beyond, as business models that do not require large amounts of capital have helped many firms avoid silos common in the region.

…read more […]

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Business News

Lyft’s scooters steering new customers to ride-hailing, but winter is coming

August 8, 2019 admin Comments Off on Lyft’s scooters steering new customers to ride-hailing, but winter is coming

A quarter of Lyft Inc customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually benefit the core ride-hailing business.

…read more […]

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Business News

Asia stocks take comfort in China trade data, yuan fix

August 8, 2019 admin Comments Off on Asia stocks take comfort in China trade data, yuan fix

Asian shares were trying to rally on Thursday as Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary relief from fears of a global currency war.

…read more […]

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Business News

Asia stocks take heart as Beijing limits yuan slide

August 8, 2019 admin Comments Off on Asia stocks take heart as Beijing limits yuan slide

Asian shares were trying to rally on Thursday after Beijing limited the fall in its yuan and provided temporary relief from fears of a global currency war, though worries about recession still lurked in the background.

…read more […]

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Business News

Asia stocks paralyzed, bonds electrified by recession risk

August 8, 2019 admin Comments Off on Asia stocks paralyzed, bonds electrified by recession risk

Asian shares braced for more volatility on Thursday as eye-catching easings by central banks stoked fears of global recession, driving U.S. yields to near-record lows and lifting gold past $1,500 for the first time since 2013.

…read more […]

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Business News

Medina Mora, powerful Citigroup exec who battled scandals, dies at 69

August 8, 2019 admin Comments Off on Medina Mora, powerful Citigroup exec who battled scandals, dies at 69

Manuel Medina Mora, one of the most influential Mexican bankers to work on Wall Street during a long career at Citigroup Inc , has died, the bank’s Mexican unit Citibanamex said on Wednesday. He was 69.

…read more […]

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Business News

Dollar will be cut down to size if Fed gives in to market whims – Reuters poll

August 8, 2019 admin Comments Off on Dollar will be cut down to size if Fed gives in to market whims – Reuters poll

The U.S. dollar’s dominance will come to an end if the Federal Reserve gives in to pressure from financial markets and President Donald Trump and chops interest rates another 50 basis points this year, a Reuters poll of market strategists showed.

…read more […]

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Business News

SoulCycle, Equinox face boycott calls over investor’s Trump fundraiser

August 8, 2019 admin Comments Off on SoulCycle, Equinox face boycott calls over investor’s Trump fundraiser

Fitness chains SoulCycle and Equinox on Wednesday sought to distance themselves from a fundraiser for U.S. President Donald Trump reportedly in the works by their billionaire owner, real estate executive Stephen Ross.

…read more […]

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Business News

AMD lands Google, Twitter as customers with newest server chip

August 8, 2019 admin Comments Off on AMD lands Google, Twitter as customers with newest server chip

Advanced Micro Devices Inc on Wednesday released the second generation of its processor chip for data centers and said that it had landed Alphabet Inc’ Google and Twitter Inc as customers.

…read more […]

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Business News

Hedge fund Hoplite Capital plans to shut down – letter

August 8, 2019 admin Comments Off on Hedge fund Hoplite Capital plans to shut down – letter

Hedge fund Hoplite Capital is returning money to outside clients after a period of sluggish returns, the firm’s founder, John Lykouretzos, told investors in a letter on Wednesday.

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Business News

Rush into U.S. bonds curbs global stock markets; gold touches 6-year high

August 8, 2019 admin Comments Off on Rush into U.S. bonds curbs global stock markets; gold touches 6-year high

Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.

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Business News

Chemicals maker Albemarle profit beats, raises 2019 earnings forecast

August 8, 2019 admin Comments Off on Chemicals maker Albemarle profit beats, raises 2019 earnings forecast

Albemarle Corp beat quarterly profit estimates on higher demand for bromine and raised its 2019 adjusted profit forecast on Wednesday, sending shares of the world’s largest lithium producer up over 10% in extended trading.

…read more […]

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Carbonium Core (NASDAQ: TOMZ) Targets $1.5 Billion Annual Revenue Opportunity—Could It Become the MP Materials of Nuclear-Grade Graphite?

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