Business News
Deutsche Bank shifts large part of euro clearing to Frankfurt from London
Deutsche Bank has moved a “large part” of its euro clearing activity to Frankfurt from London, a spokesman confirmed on Monday.
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Business News
China tempts Britain with free trade, says door to U.S. talks open
China offered Britain talks on a post-Brexit free trade deal on Monday, reaching out to London as Beijing remains mired in an increasingly bitter trade war with Washington, even as a senior Chinese diplomat reiterated its door remained open for dialogue.
Business News
Exclusive: Russian steelmaker MMK changes tack after tariffs, Iran sanctions
MMK, one of Russia’s largest steel producers, has postponed the launch of a lucrative project in Turkey due to uncertainty created by global trade wars, Andrey Eremin, the company’s director for economics, told Reuters in an interview.
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Gibraltar United to Become First Football Club to Pay Players In Cryptocurrency
Gibraltar United, a Premium Division football team, will become the first football team to pay its players in cryptocurrency next season, according to The Guardian. Team owner Pablo Dana, who has invested in Quantocoin, a platform designed to provide cryptocurrencies for everyday uses, has started a sponsorship partnership, one of several instances of football teams …read more […]
Business News
Air India gets default notices from banks, aircraft lessors: Business Standard
Three banks and two aircraft leasing firms have served default notices on Air India over the last few weeks, the Business Standard newspaper reported on Monday, raising concerns about the government-owned carrier’s state of finances and credit-worthiness.
Business News
Senior China diplomat says door for trade dialogue with U.S. still open
China’s door of dialogue with the United States on bilateral trade frictions remains open, State Councillor Wang Yi said on Monday, reiterating that Beijing does not want a trade war.
Business News
China offers to open discussions on post-Brexit trade deal – UK minister
China has offered to open discussions on a post-Brexit free trade deal with Britain, British Foreign Minister Jeremy Hunt said in Beijing on Monday.
Business News
How BP found shale profits with ‘crystal ball’ oilfield technology
In the pine forests of eastern Texas, oilfield workers equipped with virtual-reality goggles are helping BP’s shale business turn a profit for the first time.
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Walmart discovers why the ‘last mile’ is the hardest
Standing before an audience of 14,000 people last year, Walmart Inc (WMT.N) executives described a radical plan to help it fend off Amazon.com Inc (AMZN.O) and other online delivery services from stealing its customers. Walmart’s own store employees would bring online orders directly to shoppers’ homes after completing their usual shifts of up to nine hours on the sales floors. “Just imagine associates all over the world delivering orders to customers on their way home,” Marc Lore, head of Walmart’s e-commerce operations, said at its annual meeting in June 2017. …read more […]
Business News
Walmart discovers why the ‘last mile’ is the hardest
Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical plan to help it fend off Amazon.com Inc and other online delivery services from stealing its customers.
Trading Ideas
Tesla’s Stock Remains an Extremely Risky Investment
The never-ending soap opera surrounding Tesla (NASDAQ:TSLA) will come to another peak on Aug. 1, when the car maker is scheduled to release its second-quarter earnings report. Which brings us to Elon Musk himself. …read more […]
Business News
Asia shares subdued for central bank, data test
Asian share markets drifted lower on Monday while currencies kept to familiar ranges at the start of a busy week peppered with central bank meetings, corporate results and updates on U.S. inflation and payrolls.
Business News
Singapore’s offshore industry recovering, but no return to glory days
A big drag on Singapore’s growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren’t betting on a return to the glory days anytime soon.
Trading Ideas
MU Stock Looks Like a Great Value Bet Right Now
Over the past few years we’ve seen memory chip maker Micron Technology (NYSE:MU) skyrocket, as the firm cemented its position as a leader in the memory industry. MU stock has performed exceptionally well since 2016, but the chip maker has had a rocky ride over the past 6 months, as investors question whether or not the firm’s rally is legit. One of the biggest factors weighing on investor sentiment with MU stock has been trade tension between the US and China. …read more […]
Business News
CBS board to discuss CEO Moonves investigation on Monday: sources
CBS Corp’s board will discuss the investigation into allegations of personal misconduct against the U.S. broadcasting and media company’s Chief Executive Leslie Moonves on Monday, according to two people familiar with the matter.