Business & Finance News
Asian stocks slipped to 14-month lows on Wednesday with investor confidence chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
Chinese electric vehicle start-up NIO Inc priced its shares near the bottom of its targeted price range in its U.S. initial public offering, according to sources familiar with the matter, dragged down by investor concerns about the prospects of chief competitor Tesla Inc .
Pilots and cabin crew at Ryanair in Germany started a full-day walkout early on Wednesday to put pressure on management in labor talks with Europe’s biggest low-cost carrier.
Oil prices rose on Wednesday following a report of declines in U.S. crude inventories and as looming sanctions against Iran raised expectations of tightening supply, while top producer Russia warned of a fragile global crude market.
JPMorgan Chase & Co will provide $500 million over five years to promote economic opportunities in selected cities, including some outside the United States, the bank said Wednesday.
After months of waging a behind-the-scenes war against President Donald Trump’s trade tariffs that have escalated far beyond what business groups once imagined, more than 60 U.S. industry groups are launching a coalition on Wednesday to take the fight public.
Asian stocks slipped to 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
Asian stocks were pinned near 14-month lows on Wednesday, as investor confidence was chilled by the latest round of verbal threats in an intensifying U.S.-China trade conflict.
Oil prices rose on Wednesday after a report of falling crude inventories and the looming sanctions against Iran fueled expectations of a tightening market.
Chinese electric vehicle start-up NIO Inc priced at the bottom of its targeted price range in its U.S. initial public offering on Tuesday, a person familiar with the matter said, dragged down by investor concerns about the prospects of chief competitor Tesla Inc .
Private equity firm Carlyle Group LP is in talks to acquire Sedgwick Claims Management Services Inc, the largest U.S. insurance claims service provider, for more than $6 billion, including debt, people familiar with the matter said on Tuesday.
Chinese electric vehicle start-up NIO Inc priced at $6.25 per share in its initial public offering on the New York stock exchange on Tuesday, at the bottom of its targeted price range, a person familiar with the matter said.
A Chicago fund manager cannot pursue a lawsuit against a Wells Fargo & Co unit over claims the bank cost the fund manager millions by forcing it to sell its holdings during a February market rout, a judge ruled on Tuesday.
Supermarket chain Morrisons is facing equal pay claims worth over 1 billion pounds ($1.30 billion), law firm Leigh Day said on Tuesday, seeking compensation for women who believe they were paid less than men in distribution centers.
Mike Ashley, the billionaire founder and majority owner of Sports Direct , faces a potential shareholder revolt at the company’s annual meeting on Wednesday, though he will not be present to hear any protests.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
