No Picture
Trading Ideas

Swiss grain merchant Ameropa picks Bunge executive as next CEO

Swiss grain merchant Ameropa said on Monday it has appointed William Dujardin, a longstanding manager at Bunge, as its next chief executive. Dujardin will take up the post on Jan. 8, Ameropa said in a statement. Dujardin, a 45-year-old French national, has spent the past 14 years at U.S-based Bunge, one of the world’s largest agribusiness groups. …read more […]

No Picture
Trading Ideas

UPDATE 1-Alibaba to close books early in $13.4 bln Hong Kong listing after strong demand -sources

Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said. Order books will now close on Tuesday at 12 p.m. in New York (1700 GMT), half a day earlier than initially planned by the Chinese e-commerce giant and its investment banking advisers. The final price that institutional investors will pay will still be set by Wednesday evening Hong Kong time, based on Tuesday’s closing price in New York, they added. …read more […]

No Picture
Trading Ideas

Kylie Jenner Sells $600 Million Stake in Beauty Line to Coty

(Bloomberg) — Coty Inc. agreed to pay $600 million for a majority stake in Kylie Jenner’s cosmetics line, the latest move by a major beauty company to acquire trendy brands that appeal to a younger clientele.The makeup and fragrance giant will have overall responsibility for the portfolio, while Jenner, part of the Kardashian clan, will lead creative efforts and communications, the companies said Monday in a statement. The deal values Kylie Cosmetics, which Jenner, 22, started in 2015 as a line of lip kits when she was still a teenager, at about $1.2 billion.Coty shares rose as much as 2.6% …read more […]

No Picture
Trading Ideas

Trump Says He’s ‘Strongly’ Considering Impeachment Testimony

(Bloomberg) — Donald Trump said Monday that he’s “strongly considering” testifying in his own impeachment inquiry, complimenting House Speaker Nancy Pelosi for the idea in a tweet after again insulting her and congressional Democrats for pursuing his removal from office.Trump indicated that he thinks his testimony — possibly in writing — would be a way to resolve the inquiry and get Congress focused on issues he’d like to advance before his 2020 re-election campaign, including a new North American trade deal and drug prices.Trump suggested during Robert Mueller’s probe of Russian interference in the 2016 election that he would testify …read more […]