Business & Finance News
Asian stocks dropped for the third consecutive session on Monday, hit by worries over further escalation of the U.S-China trade war and unstable emerging market currencies.
The billionaire CEO of Chinese e-commerce giant JD.com Inc , Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released, and police said an investigation is ongoing.
Starbucks Corp will have a new partner in New Zealand after the license holder said it will not renew its two-decade-old deal in a region where an entrenched coffee culture has made it difficult for the world’s largest coffee chain to thrive.
Oil prices fell on Monday amid rising supply from OPEC and the United States, outweighing concerns that falling Iranian output will tighten markets once U.S. sanctions bite from November.
Asian stocks dipped on Monday on worries about further escalation of the U.S-China trade war and unstable emerging market currencies.
Brent crude oil prices dipped on Monday amid rising supply from OPEC and the United States, although expectations of falling Iranian output once U.S. sanctions bite from November provided some support.
The historic run-up in world shares will continue through 2019, but the outlook for almost half of the major bourses polled by Reuters has slipped, with many now only expected to recoup losses from this year’s sell-off.
Restaurant Brands New Zealand said it would not renew its license deal with Starbucks Corp when it expires in October.
U.S. automaker Ford Motor Co plans to drop production of some of its automobile models as part of a planned operational restructuring announced earlier this year, sources told The Times.
The billionaire founder and chief executive of Chinese e-commerce giant JD.com Inc , Richard Liu, was arrested in the U.S. state of Minnesota on suspicion of criminal sexual conduct and later released after what the company said was a false accusation.
Core profit at Hellenic Petroleum , Greece’s biggest oil refiner, is expected to top 1 billion euros ($1.2 billion) this year, the company’s chief executive said on Sunday.
Qatar plans to invest billions of dollars more in Germany and will broaden its focus to the country’s medium-sized companies, business newspaper Handelsblatt said in a report due to be published on Monday.
Executives from Petróleo Brasileiro SA will meet with economic aides to presidential candidates this month to discuss their agenda for the state-controlled oil company, newspaper Estado de S.Paulo said on Sunday.
Indonesia will partner with Alibaba head Jack Ma on ways to use Alibaba’s platform ecosystem to increase its exports, especially to China, its communications minister told Reuters on Sunday.
Germany’s Transport Ministry said on Sunday there was no fresh news in a Bild am Sonntag report that Volkswagen engineers told investigators certain petrol engines in VW, Audi and Porsche vehicles can be used to manipulate emissions tests.
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