TOKYO (Reuters) – Asian shares eked out cautious gains on Wednesday, as higher Wall Street futures provided some relief after an overnight U.S. selloff, though deeper worries about the global economy and trade continue to weigh on market sentiment. Japan’s Nikkei .N225 rose 0.21%, Australia’s shares climbed 0.41% while Korea’s KOSPI .KS11 was up 0.76%. […]
Tánaiste Simon Coveney has accused Boris Johnson of looking to “rewrite the rules” and dismissed suggested alternatives to the backstop as the Government continues to ramp-up its no-deal Brexit preparations. Mr Coveney struck a notably pessimistic tone on a trip to the Czech Republic yesterday and sharply criticised Mr Johnson, who has demanded the backstop […]
1. AMBANI (US$50.4 BILLION) Company: Reliance Industries Location: India Mr Dhirubhai Ambani started building the precursor to Reliance Industries in 1957. The conglomerate owns the world’s largest oil refining complex. 2. KWOK (US$38 BILLION) Company: Sun Hung Kai Properties Location: Hong Kong The company, listed by Mr Kwok Tak Seng in 1972, is one of […]
(Reuters) – Philip Morris International Inc (PM.N) and Altria Group Inc (MO.N) are discussing an all-stock merger, potentially reuniting two of the world’s largest tobacco companies in a bid to dominate the fast-growing electronic-cigarette market. Shares of Altria, which was spun out of Philip Morris more than a decade ago, rose more than 6% but […]
(Reuters) – Papa John’s International Inc on Tuesday named Arby’s Restaurant Group Inc President Rob Lynch as its chief executive officer, replacing Steve Ritchie barely 19 months after he took the role, sending the shares of the world’s third largest pizza chain up 3%. A former marketing executive at Yum Brands’ Taco Bell and Procter […]
(Reuters) – U.S. stock indexes were set to open higher on Tuesday, with futures recovering from overnight declines, as investors pinned their hopes on a resolution to the protracted U.S.-China trade dispute despite mixed signals from both sides. After falling as much as 0.5% in early hours, futures tracking the S&P 500 ESCv1 pointed to […]
BTG, a UK-based healthcare firm that recently became a subsidiary of global medical devices giant Boston Scientific, has converted part of a $2.7m (€2.4m) loan it gave Galway-based startup Vetex into equity in the Irish company. BTG granted the loan to Vetex in 2017, and noted at the time that it had a call option […]
NEW YORK (Reuters) – Oil prices fell 1% on Monday on the outlook for increased supply of Iranian crude after France’s president lifted hopes for a deal between Washington and Tehran, but losses were limited by optimism surrounding a U.S.-China trade deal. Brent crude lost 64 cents, or 1.1%, to settle at $58.70 a barrel, […]
BIARRITZ, France/BEIJING (Reuters) – U.S. President Donald Trump on Monday predicted a trade deal with China after positive gestures by Beijing, calming global markets that have been roiled by new tariffs from the world’s two largest economies. Trump said after a G7 summit of world leaders in Biarritz, France, that he believed China was sincere […]
(Reuters) – Wall Street’s main indexes rose 1% on Monday as U.S. President Donald Trump eased his stance on trade with China, calming investor nerves after an intense feud between the world’s top two economies last week sent stocks tumbling. Shares of tariff-sensitive companies rose in response, with Apple Inc’s (AAPL.O) 2.1% gain boosting technology […]