News

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Sat, 09 Nov 2019 16:40:10 GMT

Alibaba hires banks for HK listing

Reuters revealed on Saturday that Alibaba has appointed JP Morgan, Morgan Stanley and Citigroup to work on a Hong Kong stock listing.

Sat, 09 Nov 2019 15:42:18 GMT

EU states push for joint AML

On Saturday, European Union officials revealed that the largest states of the union are pushing to create a common anti money laundering institution that would take oversight from member states.

Sat, 09 Nov 2019 14:44:00 GMT

John Williams comments on rate cuts

The President of the New York Federal Reserve John Williams announced on Friday that the recent US interest rate cuts were made to address the US-China trade war.

Sat, 09 Nov 2019 13:40:04 GMT

Chinese factory prices decline

On Saturday, Chinese producer price data revealed that factory prices in October in China declined by the most in a third year period.

Sat, 09 Nov 2019 12:42:30 GMT

John Williams comments on US economy

The President of the New York Federal Reserve John Williams stated on Friday that the US economy was doing well and the US monetary policy was well positioned.

Sat, 09 Nov 2019 11:45:48 GMT

Justice Department comments on tech companies

On Friday, the Chief of the US Justice Department's antitrust unit announced that current antitrust laws can address the harm caused by large tech companies.

Sat, 09 Nov 2019 10:41:21 GMT

Ben & Jerry's gets sued

An environmentalist activist James Ehlers has filed a breach of consumer trust suit against Ben & Jerry's. The company allegedly deceived its customers about the source of milk.

Sat, 09 Nov 2019 09:54:35 GMT

WeWork publishes growth data

On Friday, WeWork published data that showed that the company's office sharing business had almost doubled.

Sat, 09 Nov 2019 08:45:23 GMT

Hong Kong faces new protests

On Saturday, Hong Kong authorities faced another weekend of protests. The protests were expected to start peacefully and afterwards descend into violence.

Sat, 09 Nov 2019 07:25:02 GMT

Two airlines pull 737 MAX

American Airlines and Southwest Airlines announced on Friday that they would extend the cancellation of the use of Boeing 737 MAX airplanes until March.

Sat, 09 Nov 2019 07:22:46 GMT

US Supreme Court considers blocking Booking.com trademark

On Friday, the US Supreme Court agreed to evaluate a bid made by a federal agency that would prevent Booking.com from trademarking its website name.

Sat, 09 Nov 2019 06:01:33 GMT

Blackstone buys majority stake in MagicLab

Blackstone Group Inc has acquired majority stake in the British dating apps Bumble and Badoo. The deal values Bumble's parent company, MagicLab, at about $3B.

Sat, 09 Nov 2019 04:46:00 GMT

Norwegian oil firm Equinor begins search for new CEO

According to the Stavanger Aftenblad report, the Norwegian oil company Equinor has begun looking for a new CEO.

Sat, 09 Nov 2019 03:44:18 GMT

Italy's 5-Star Party opposes legal shield for ArcelorMittal

On Friday, the leader of Italy's 5-Star Movement Luigi Di Maio said that his party doesn't want a new legal shield for ArcelorMittal.

Sat, 09 Nov 2019 03:25:17 GMT

US wholesale inventories decline in September

According to the Commerce Department on Friday, the US wholesale inventories declined more than previously reported in September.

Fri, 08 Nov 2019 20:41:25 GMT

No majority seen in Spain's parliamentary election

According to the El Pais newspaper calculation, neither the Spanish Socialist Workers' Party or the Conservative People's Party would win majority in the Spanish Parliamentary election on Sunday.

Fri, 08 Nov 2019 19:56:38 GMT

Crude oil prices decline on Friday

On Friday, crude oil prices edged lower, pressured by uncertainty in the US-China trade talks. The Brent crude futures were down at $61.08 per barrel by 14:37 GMT.

Fri, 08 Nov 2019 19:00:15 GMT

Total to take measures to avoid fuel shortage

On Friday, the French oil company Total said that it would take steps to avoid fuel shortage after the CGT union workers at the Feyzin refinery decided to block distribution from the refinery.

Fri, 08 Nov 2019 17:58:01 GMT

Norwegian oil firm Equinor begins search for new CEO

According to the Stavanger Aftenblad report, the Norwegian oil company Equinor has begun looking for a new CEO.

Fri, 08 Nov 2019 16:58:51 GMT

Global investors flood Chinese market

According to the Reuters Global Investment Outlook 2020 Summit participants, slower economic growth and trade wars are unlikely to deterred global investors from flocking the Chinese market.

Fri, 08 Nov 2019 16:04:23 GMT

US could lift tariffs on Chinese goods

On Friday, the White House spokesperson Stephanie Grisham said that tariffs could be removed if the United States and China reach a trade agreement.

Fri, 08 Nov 2019 14:41:23 GMT

Alibaba plans HK share offering to raise $15B

Alibaba Group Holding is planning to trigger a share offering in Hong Kong to attract up to $15.0B in November-end, seeking to bolster its Asian financial hub due to current struggles with the anti-government protests.

Fri, 08 Nov 2019 13:41:46 GMT

EasyJet acquires Thomas Cook's airport slots

EasyJet, the British budget airline, has acquired the failed travel firm Thomas Cook's airport slots at Bristol and London Gatwick in a deal worth £36M, it stated on Friday.

Fri, 08 Nov 2019 12:47:45 GMT

Daimler to trim over 1K managing positions worldwide

Daimler is eager to cut about 10% or 1,100 managing positions worldwide, potentially due to a strategy update that would be given by the carmaker's new CEO on November 18, according to Sueddeutsche Zeitung.

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