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Updated: 2 hours 50 min ago

WeWork shows widening losses in IPO filing

Wed, 08/14/2019 - 13:46
WeWork owner The We Company on Wednesday filed with regulators for an initial public offering and published detailed financial statements for the first time that showed it lost almost $700 million in the first half of 2019 while doubling revenue.
Categories: Financial Media

Stocks wilt as bond markets flash recession warnings

Wed, 08/14/2019 - 13:42
Stock markets slumped on Wednesday as Germany's economy went into reverse, fueling fears of global recession and slamming the brakes on a rally for equities after Washington delayed tariffs on some Chinese imports.
Categories: Financial Media

Lion Air 'urgently requires' more 737 MAX jets to support growth: co-founder

Wed, 08/14/2019 - 13:31
Indonesia's Lion Air "urgently requires" more Boeing Co 737 MAX jets to support its growth strategy once regulators approve the grounded model's return to service, the airline's co-founder, Rusdi Kirana, told Reuters on Wednesday.
Categories: Financial Media

Ryanair Spanish cabin crew unions threaten 10 days of strikes

Wed, 08/14/2019 - 13:23
Unions representing Ryanair cabin crew in Spain on Wednesday announced plans to hold 10 days of strikes in September unless the Irish airline changes its plans to close several bases in the country.
Categories: Financial Media

Oil prices fall on disappointing economic data from Europe and China

Wed, 08/14/2019 - 11:20
Oil prices fell on Wednesday on disappointing economic data from China and Europe and a rise in U.S. crude inventories, partly erasing the previous session's sharp gains after the United States said it would delay tariffs on some Chinese products.
Categories: Financial Media

Air Canada sees A220 jet delivering boost for key U.S. transit traffic

Wed, 08/14/2019 - 11:14
Air Canada said on Wednesday it will launch a direct Seattle-Montreal service next spring with its new A220-300 jets, as the carrier eyes new routes to grow its share of lucrative international transit traffic to and from the United States.
Categories: Financial Media

India's Coffee Day to sell Bengaluru tech park to Blackstone, cut debt

Wed, 08/14/2019 - 11:07
Coffee Day Enterprises Ltd said on Wednesday it planned to sell a tech park it owned in the southern Indian city of Bengaluru to Blackstone for up to 30 billion rupees ($421 million), in an effort to cut debt.
Categories: Financial Media

Global stocks take fright as recession warnings grow

Wed, 08/14/2019 - 11:04
European stocks fell on Wednesday as Germany's economy went into reverse, reviving fears of global recession and tempering a rally for equities after Washington delayed tariffs on some Chinese imports.
Categories: Financial Media

China's economy worsens in July, industrial growth at 17-year low as trade war escalates

Wed, 08/14/2019 - 09:24
China's economy stumbled more sharply than expected in July, with industrial output growth cooling to a more than 17-year low, as the intensifying U.S. trade war took a heavier toll on businesses and consumers.
Categories: Financial Media

StanChart eyes $100 billion private bank assets in growth push, to hire bankers

Wed, 08/14/2019 - 07:29
Standard Chartered is targeting growing its private banking assets by 50% to about $100 billion in three to five years and hire dozens of bankers in Hong Kong and Singapore toward that goal, a senior executive of the lender said.
Categories: Financial Media

Asian stocks cheer Trump's delay of some China tariffs

Wed, 08/14/2019 - 07:18
Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.
Categories: Financial Media

Anbang's Japan properties up for sale, Blackstone seen bidding: sources

Wed, 08/14/2019 - 07:10
China's troubled Anbang Insurance Group has put its $2.4 billion property portfolio in Japan up for sale and previous owner Blackstone Group is bidding, two people familiar with the company's plans said.
Categories: Financial Media

Asian stocks bounce in relief as Trump delays China tariffs

Wed, 08/14/2019 - 04:03
Asian stocks joined a global equities surge on Wednesday, after Washington delayed tariffs on some Chinese imports and gave much-needed relief for markets gripped by political and economic turmoil.
Categories: Financial Media

U.S. aviation regulator bans select MacBook Pro laptops from flights

Wed, 08/14/2019 - 03:19
U.S. Federal Aviation Administration (FAA) has banned certain models of Apple Inc's MacBook Pro laptops on flights, after the company recalled select units which had batteries posing fire risks.
Categories: Financial Media

Stocks bounce, safe havens retreat as Trump delays China tariff

Wed, 08/14/2019 - 02:33
Asian shares joined a global equities rally and safe-haven government bonds pulled back on Wednesday, after Washington delayed tariffs on some Chinese imports in much-needed relief for markets gripped by political and economic turmoil.
Categories: Financial Media

Lower fees, snazzy branches: Hong Kong banks gird for online-only onslaught

Wed, 08/14/2019 - 00:12
Hong Kong's biggest banks are set to cut fees, boost digital services and jazz up branches with features such as touch-screen display panels to meet competition from new online-only lenders in one of the world's most profitable banking markets.
Categories: Financial Media

CBS, Viacom reunite with plans for bigger role in streaming TV wars

Tue, 08/13/2019 - 23:41
CBS Corp and Viacom Inc have reached a deal to reunite media mogul Sumner Redstone's U.S. entertainment empire, betting that a larger company will be able to compete and partner better in a media industry dominated by giants.
Categories: Financial Media

Factbox: Merged CBS and Viacom aim to join U.S. media big league

Tue, 08/13/2019 - 23:27
CBS Corp and Viacom Inc on Tuesday reached a deal to reunite media mogul Sumner Redstone's U.S. entertainment empire after 13 years apart.
Categories: Financial Media

Google, Facebook, Amazon to testify in U.S. against French digital tax

Tue, 08/13/2019 - 22:36
Alphabet Inc's Google unit, Facebook Inc and Amazon.com Inc are among the companies that will testify Monday at a U.S. government hearing on the French government's digital services tax.
Categories: Financial Media

Trump delays tariffs on Chinese cellphones, laptops, toys; markets jump

Tue, 08/13/2019 - 22:30
U.S. President Donald Trump on Tuesday backed off his Sept. 1 deadline for 10% tariffs on remaining Chinese imports, delaying duties on cellphones, laptops and other consumer goods, in the hopes of blunting their impact on U.S. holiday sales.
Categories: Financial Media

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