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Business News

Former Nissan Chairman Ghosn cancels news conference in Tokyo: FCCJ official

June 28, 2019 admin Comments Off on Former Nissan Chairman Ghosn cancels news conference in Tokyo: FCCJ official

Former Nissan boss Carlos Ghosn on Friday canceled plans to hold his first press conference since his arrest after journalists were notified earlier in the day about a briefing at the Foreign Correspondents Club of Japan (FCCJ).

…read more […]

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Business News

Deutsche lifted by Fed stress test pass in boost to Wall Street operation

June 28, 2019 admin Comments Off on Deutsche lifted by Fed stress test pass in boost to Wall Street operation

Deutsche Bank’s shares rose as much as 4.8% on Friday after Germany’s biggest bank passed an annual health check by the U.S. Federal Reserve, in a boost to its Wall Street operations.

…read more […]

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Business News

Merlin to go private in $7.5 billion deal with Lego family and Blackstone

June 28, 2019 admin Comments Off on Merlin to go private in $7.5 billion deal with Lego family and Blackstone

Madame Tussauds owner Merlin said on Friday it had agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP in a $7.5 billion deal.

…read more […]

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Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

June 28, 2019 admin Comments Off on Madame Tussauds owner Merlin to be bought by Lego family and Blackstone

Madame Tussauds owner Merlin said on Friday it had agreed to be acquired by the investment vehicle of Lego’s founding family and private equity firm Blackstone Group LP in a deal valuing the company and its debt at nearly 6 billion pounds ($7.6 billion).

…read more […]

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Business News

Trump to Putin: Please don’t meddle in U.S. elections

June 28, 2019 admin Comments Off on Trump to Putin: Please don’t meddle in U.S. elections

President Donald Trump on Friday sardonically asked his Russian counterpart to please not meddle in U.S. elections, appearing to make light of a scandal that led to an investigation of his campaign’s contact with the Kremlin during 2016 elections.

…read more […]

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Business News

G20 heads struggle to narrow differences beyond their concern on global growth

June 28, 2019 admin Comments Off on G20 heads struggle to narrow differences beyond their concern on global growth

Many leaders of the world’s top 20 economies on Friday voiced concern over trade tensions and the risk they pose to global growth, but were at loggerheads on key issues such as World Trade Organization (WTO) reform, Japanese and Russian delegates said.

…read more […]

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Business News

Trump talks trade at G20 as China’s Xi, others warn of risks of protectionism

June 28, 2019 admin Comments Off on Trump talks trade at G20 as China’s Xi, others warn of risks of protectionism

U.S. President Donald Trump made clear on Friday his priority at a summit of Group of 20 leaders was trade deals to boost the U.S. economy, as other leaders such as China’s Xi Jinping warned against protectionism and its threat to the global economy.

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Business News

Oil prices slip ahead of G20 talks, OPEC meet

June 28, 2019 admin Comments Off on Oil prices slip ahead of G20 talks, OPEC meet

Oil prices eased on Friday as traders awaited any update on the Sino-U.S. trade war from a scheduled weekend meeting of the two countries’ presidents at the G20, and eyed next week’s OPEC gathering.

…read more […]

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Business News

Trump anticipates ‘productive’ meeting with China’s Xi on Saturday

June 28, 2019 admin Comments Off on Trump anticipates ‘productive’ meeting with China’s Xi on Saturday

U.S. President Donald Trump said he expected a productive meeting with China’s President Xi Jinping on Saturday, highly anticipated talks on the sidelines of the G20 Summit amid the U.S.-Chinese trade tensions.

…read more […]

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Business News

Trump to Putin: Don’t meddle in U.S. elections

June 28, 2019 admin Comments Off on Trump to Putin: Don’t meddle in U.S. elections

President Donald Trump on Friday told Russian President Vladimir Putin not to meddle in the U.S. elections, appearing to make light of a scandal that led to a two-year investigation into his campaign’s contact with the Kremlin during the 2016 elections.

…read more […]

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Business News

Asian shares slip, gold gains as Trump-Xi trade jitters build

June 28, 2019 admin Comments Off on Asian shares slip, gold gains as Trump-Xi trade jitters build

Asian shares stumbled on Friday and gold jumped amid rising doubts that a highly anticipated meeting between U.S. President Donald Trump and Chinese President Xi Jinping this weekend could lead to an easing of trade tensions.

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Business News

Russian official: G20 disagreements focus at WTO reform, climate change

June 28, 2019 admin Comments Off on Russian official: G20 disagreements focus at WTO reform, climate change

Work on the final G20 documents is not going easy, the group’s Russia sherpa Svetlana Lukash said on Friday, naming World Trade Organization reform, information security, climate change and migration as among issues members were struggling to agree.

…read more […]

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Business News

Ivory Coast and Ghana team up for greater share of chocolate wealth

June 28, 2019 admin Comments Off on Ivory Coast and Ghana team up for greater share of chocolate wealth

Kouakou Kinimo is a pretty typical Ivory Coast cocoa farmer. He works a small holding. At 52, he’s roughly the mean age for a West African grower. And, like many farmers, he doesn’t want any of his six children to follow in his footsteps.

…read more […]

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Business News

Factbox: Saudi sovereign fund’s strategy in focus

June 28, 2019 admin Comments Off on Factbox: Saudi sovereign fund’s strategy in focus

Saudi Arabia’s Public Investment Fund (PIF) has pursued eye-catching investments abroad over the past several years, part of reform plans to diversify the economy beyond oil and transform the country into a high-tech investment powerhouse.

…read more […]

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Business News

Saudi Arabia’s hometown ambitions could clip wealth fund’s wings

June 28, 2019 admin Comments Off on Saudi Arabia’s hometown ambitions could clip wealth fund’s wings

Saudi Arabia’s Public Investment Fund (PIF) risks being pulled deeper into Crown Prince Mohammed bin Salman’s domestic projects, curbing its international ambitions and tying its fortunes closer to its home market, four sources familiar with its strategy said.

…read more […]

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