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Updated: 1 hour 35 min ago

Ferrari will expand its lineup of road cars, but not too much

6 hours 41 min ago
Italian premium sports car maker Ferrari NV will expand sales of easier-driving grand touring cars, but will not try to chase rival Porsche's annual sales volume, Ferrari Chairman John Elkann told an audience of classic car enthusiasts gathered at this storied golf resort on the Pacific coast.
Categories: Financial Media

Argentina Treasury minister resigns, says 'significant renewal' needed amid economic crisis

6 hours 47 min ago
Argentina´s Treasury Minister Nicolas Dujovne has resigned, saying in a letter seen by Reuters on Saturday he believed the government needed “significant renewal” in its economic team amid a crisis which saw the peso plunge this week.
Categories: Financial Media

Last orders: Rise of closing auctions stirs worries in European stock markets

7 hours 37 min ago
The final five minutes of trading have become the busiest time of day for stock market traders in Europe.
Categories: Financial Media

Sainsbury's says not talking to internal candidates for CEO succession

Sat, 08/17/2019 - 22:41
Sainsbury's is not talking to internal candidates about succession plans to Chief Executive Officer Mike Coupe and he has the full support of company's shareholders and the board, a company spokesperson told Reuters late on Saturday.
Categories: Financial Media

SoftBank plans to lend up to $20 billion to employees to invest in new fund: WSJ

Sat, 08/17/2019 - 16:31
Japan's SoftBank Group Corp is planning to lend up to $20 billion to its employees, including Chief Executive Masayoshi Son, to buy stakes in its second Vision Fund, the Wall Street Journal reported on Saturday, citing people familiar with the matter.
Categories: Financial Media

Standard Chartered faces fine for sanctions breaches: Sky News

Sat, 08/17/2019 - 13:19
Banking group Standard Chartered is facing a fine for failing to prevent sanctions breaches, Sky News reported on Saturday.
Categories: Financial Media

Exclusive: U.S. set to give Huawei another 90 days to buy from American suppliers - sources

Sat, 08/17/2019 - 05:48
The U.S. Commerce Department is expected to extend a reprieve given to Huawei Technologies that permits the Chinese firm to buy supplies from U.S. companies so that it can service existing customers, two sources familiar with the situation said.
Categories: Financial Media

Airbnb records 30% growth rate in first-quarter on booking strength: source

Sat, 08/17/2019 - 02:46
Airbnb Inc recorded $9.4 billion in total booking value in the first quarter, up 31% from the year-ago quarter, a source familiar with the matter said on Friday, a key number that could help pull in investors as the home-sharing company plans its foray into the public market.
Categories: Financial Media

Court leaves PG&E with sole right to submit bankruptcy plan

Sat, 08/17/2019 - 01:09
A federal judge on Friday allowed PG&E Corp to retain the sole rights to propose a plan to exit bankruptcy, as he rejected efforts by investors to put forward competing plans, according to court documents.
Categories: Financial Media

Trump says he is having dinner Friday with Apple CEO Cook

Sat, 08/17/2019 - 01:01
U.S. President Donald Trump said he was having dinner on Friday with Chief Executive Officer Tim Cook of Apple Inc, a company the president has criticized for not manufacturing more of its products in the United States.
Categories: Financial Media

U.S. removes some Chinese furniture, modems from planned 10% tariffs

Sat, 08/17/2019 - 00:06
The Trump administration is sparing some Chinese-made household furniture, baby items and internet modems and routers from its next rounds of 10% tariffs, it said on Friday.
Categories: Financial Media

EQM stops some work on WV-VA Mountain Valley natgas pipe

Fri, 08/16/2019 - 23:43
EQM Midstream Partners LP told U.S. federal regulators the company would stop some work on its long-delayed Mountain Valley natural gas pipeline from West Virginia to Virginia as the U.S. Fish and Wildlife Service reviews a couple of permits.
Categories: Financial Media

PG&E to hold sole rights to bankruptcy exit plan: WSJ

Fri, 08/16/2019 - 23:17
A judge overseeing PG&E Corp's bankruptcy case allowed the California utility to hold on to sole rights to its Chapter 11 exit plan, the Wall Street Journal reported on Friday.
Categories: Financial Media

Wall Street ends sharply higher on German stimulus optimism

Fri, 08/16/2019 - 22:20
U.S. stocks rebounded on Friday as an ebbing bond rally and news of potential German economic stimulus brought buyers back to the equities market, closing the book on a tumultuous week.
Categories: Financial Media

Dollar firms, global stocks soar on ECB rate cut expectations

Fri, 08/16/2019 - 21:28
U.S. and European stocks surged on Friday on expectations the European Central Bank will cut interest rates but the dollar pared gains against the euro after a report said the German government was prepared to take on new debt to lift the economy.
Categories: Financial Media

Canada awards multi-billion contract to General Dynamics as election looms

Fri, 08/16/2019 - 21:02
Canada on Friday announced a multi-billion dollar contract with General Dynamics Corp for equipment that will be manufactured in a region where the ruling Liberals need to do well in an October election.
Categories: Financial Media defeats IRS appeal in U.S. tax dispute

Fri, 08/16/2019 - 20:16 Inc on Friday defeated an appeal by the U.S. Internal Revenue Service in what the online retailer has called a $1.5 billion dispute over its tax treatment of transactions with a Luxembourg subsidiary.
Categories: Financial Media

Oil rises alongside equities, but downbeat OPEC outlook caps gains

Fri, 08/16/2019 - 20:14
Oil prices on Friday rebounded from a two-day drop, alongside equities as expectations of further stimulus by central banks helped to ease recession concerns.
Categories: Financial Media

Exclusive: Fed's Mester weighing argument for U.S. rate cut

Fri, 08/16/2019 - 20:12
One Federal Reserve policymaker who opposed the Fed's recent rate cut is considering whether to support such a move now given risks that a U.S.-China trade war and global slowdown could derail the economy.
Categories: Financial Media

Lower rates could boost housing stocks, but risks remain

Fri, 08/16/2019 - 19:48
Lower U.S. interest rates could help support outperforming U.S. homebuilder stocks, even as they raise worries about the economy, while a bonanza of industry data and Federal Reserve speakers next week are likely to help shape the outlook.
Categories: Financial Media