Business & Finance News
A Malaysian financier wanted for his role in the multi-billion-dollar scandal at state fund 1MDB has said he does not expect to get a fair hearing anywhere and will not present himself to any country where his guilt has been predetermined.
Brazilian meatpacker Marfrig Global Foods SA’s shares rose as much as 8 percent on Friday on reports that Tyson Foods had finalized the acquisition of Marfrig’s U.S. chicken processor Keystone Foods.
The Nasdaq Composite opened lower on Friday as weak forecasts from Applied Materials and Nvidia weighed on chip stocks, while gains in energy stocks due to rising crude prices helped the S&P and the Dow Industrials cut their losses.
Fears of e-commerce taking off in Brazil have sunk shares of the country’s big mall operators this year, but industry executives expressed confidence that local shopping habits, the reputation of malls as public spaces safe from crime and other factors will help them avoid the shakeout that has hit their U.S. peers.
NEW YORK (LPC) – Bank lending to high-quality US companies to fund acquisitions has slowed due to concern over government policies amid the summer doldrums, but is expected to pick up after the Labor Day holiday, bankers said.
Britain’s markets watchdog has so far been contacted by only one company interested in taking advantage of a rule it introduced to attract state-owned firms like Saudi Aramco to London, the regulator told Reuters without naming the firm.
The Nasdaq Composite opened lower on Friday as weak forecasts from Applied Materials and Nvidia weighed on chip stocks, while rising crude prices boosted energy stocks and helped the S&P and the Dow Industrials cut their losses.
U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.
U.S. stock index futures pointed to a lower opening on Friday as weak forecasts from Applied Materials and Nvidia weighed on the shares of chipmakers and Turkey’s battered currency slipped further.
Electric carmaker Tesla Inc’s premium Model 3 sedan will not produce better profit margins than a conventional BMW and the company could actually lose $6,000 on every base model due to higher costs for the powertrain, according to an analyst at UBS.
Tyson Foods agreed to acquire U.S.-based chicken processor Keystone Foods from Brazilian meatpacker Marfrig Global Foods SA for $2.5 billion, two sources with knowledge of the matter said on Friday.
Platinum prices tumbled to 10-year lows as the collapse of Turkey’s lira rippled through markets and weakened the currency of top producer South Africa, underlining persistent oversupply of the autocatalyst metal.
Nordstrom Inc’s shares surged over 9 percent on Friday, a day after its quarterly same-store sales numbers trounced Wall Street estimates, leaving analysts impressed with the upscale retailer’s online channels and its clear inventories.
U.S. President Donald Trump said on Friday he has asked the U.S. Securities and Exchange Commission to study the impact of allowing companies to file reports with the financial regulator every six months instead of every quarter.
Investors pulled billions from equities this week, shifting into bonds and high dividend-yielding sectors as Turkey’s currency crisis sparked a global selloff and emerging markets entered bear territory, an analysis of fund flows showed on Friday.
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