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Updated: 2 hours 58 min ago

Oil prices down as U.S.-China trade deal has no outcome

Mon, 10/14/2019 - 08:36
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week's optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.
Categories: Financial Media

Emirates president says he does not expect to take any Boeing 777x in 2020

Mon, 10/14/2019 - 08:03
Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet.
Categories: Financial Media

Volkswagen CEO says electric car shift won't hurt margins: paper

Mon, 10/14/2019 - 08:02
Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.
Categories: Financial Media

Laura Ashley CFO to leave retailer after two decades

Mon, 10/14/2019 - 07:53
Clothing and furnishing retailer Laura Ashley Holdings Plc said on Monday it had named Sagar Mavani as its chief financial officer, replacing Seán Anglim who has been with the company since 1998. Mavani's appointment comes at a time when the company is struggling with poor performance in its home furnishings business and a decline in online sales. The company swung to a full-year pretax loss of almost 10 million pounds ($12.57 million) earlier this year. Anglim, w
Categories: Financial Media

Founder of Britain's Superdry becomes permanent CEO

Mon, 10/14/2019 - 07:49
Julian Dunkerton, the founder of British fashion group Superdry , has become the firm's permanent chief executive after he won an acrimonious battle for control in April, it said on Monday.
Categories: Financial Media

China September exports, imports in deeper contraction as tariffs take toll

Mon, 10/14/2019 - 07:20
A slide in China's exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
Categories: Financial Media

Liberty Global backs Sunrise capital hike with 500 million sfr offer

Mon, 10/14/2019 - 07:01
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) in newly created Sunrise Communications shares - a move aimed at rescuing the 6.3 billion franc sale of its Swiss business.
Categories: Financial Media

Russian investors eyeing Saudi Aramco listing - wealth fund chief

Mon, 10/14/2019 - 06:42
A number of Russian investors are interested in a planned initial public offering of Saudi Arabian state-owned oil company Saudi Aramco, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF, told reporters on Sunday.
Categories: Financial Media

Emirates Airline's Dnata exposure to Thomas Cook 'not a small amount': executive

Mon, 10/14/2019 - 06:37
Emirates Airline President Tim Clark said the group's Dnata unit's exposure to the bankrupt holiday operator Thomas Cook is "not a small amount".
Categories: Financial Media

WeWork opens new sites at breakneck speed despite cash-burn concerns

Mon, 10/14/2019 - 06:07
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.
Categories: Financial Media

Asian shares get trade lift, let down by China data

Mon, 10/14/2019 - 05:54
Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetites, though investors remained wary of the damage already done to the global economy.
Categories: Financial Media

Oil prices ease on scant details of U.S.-China trade deal

Mon, 10/14/2019 - 05:40
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week's optimism over the thaw that helped to lift crude markets by 2%.
Categories: Financial Media

Asia relieved at latest trade truce, China data disappoints

Mon, 10/14/2019 - 05:02
Asian share markets firmed on Monday as signs of progress in the Sino-U.S. trade standoff whetted risk appetite, though investors were wary of the damage already done to the global economy.
Categories: Financial Media

China's pork, beef imports surge in September

Mon, 10/14/2019 - 04:56
China's pork imports in September surged 76% from a year earlier while beef imports came close to a monthly record, as it stocked up on proteins after disease decimated its huge hog herd, customs data showed on Monday.
Categories: Financial Media

China September iron ore imports surge to 20-month high on firm demand

Mon, 10/14/2019 - 04:56
China's iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners.
Categories: Financial Media

China September exports, imports in deeper contraction as tariffs bite

Mon, 10/14/2019 - 04:56
China's exports fell at a faster pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
Categories: Financial Media

China September soybean imports ease on falling animal feed demand

Mon, 10/14/2019 - 04:56
China's soybean imports in September fell 13.5% from the previous month, customs data showed on Monday, as an epidemic of African swine fever that has slashed China's pig herd reduced demand for soymeal.
Categories: Financial Media

China September copper imports rise to eight-month high, aluminum exports fall

Mon, 10/14/2019 - 04:56
China's copper imports in September rose 10.15% from a month earlier to 445,000 tonnes, the highest level in eight months, data from the General Administration of Customs showed on Monday.
Categories: Financial Media

China September crude oil imports rise on strong seasonal demand

Mon, 10/14/2019 - 04:56
China's crude oil imports in September rose 10.8% from a year earlier as refiners ramped up output amid stable profit margins and solid fuel demand.
Categories: Financial Media

China September rare earth exports fall nearly 18% from last month

Mon, 10/14/2019 - 04:56
China's rare earth exports in September fell 17.9% from August, customs data showed on Monday, amid lingering fears that the world's top producer of the minerals will restrict supply because of its trade row with the United States.
Categories: Financial Media

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