SINGAPORE – The Monetary Authority of Singapore (MAS) is seeking to impose new requirements on financial institutions (FIs) in Singapore to improve controls and facilitate investigations in market abuse cases. MAS cited in a consultation paper released on Monday (Aug 5) that the absence of information and delays associated with the retrieval of information on […]
NEW YORK (Reuters) – WeWork owner The We Company has tapped JPMorgan Chase & Co to head an upcoming debt offering, putting the bank in pole position to lead a planned initial public offering (IPO) later this year, people familiar with the matter said. WeWork would like work on the debt offering to begin as […]
MILAN (Reuters) – Shares in Ferrari (RACE.MI) went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year. Releasing its second quarter results, the company confirmed that it was on track for the higher end of the guidance range […]
(Reuters) – Wall Street was set to open lower on Friday after a sharp escalation in U.S.-China trade tensions and tepid job growth in July reinforced fears of a global economic slowdown. The Labor Department said nonfarm payrolls increased by 164,000 jobs last month and the economy created 41,000 fewer jobs in May and June […]
China shot back on Friday after President Donald Trump announced on Twitter that the U.S. would impose an additional 10 percent tariff on $300 billion in Chinese imports starting next month. Chinese foreign ministry spokeswoman Hua Chunying called Trump’s move a “serious violation” and warned Beijing would have to take “necessary countermeasures” if the tariffs […]
By Andrea Shalal and Alexandra Alper WASHINGTON (Reuters) – U.S. President Donald Trump vowed to impose a 10% tariff on $300 billion of Chinese imports from Sept. 1, sharply escalating a bruising trade war between the world’s largest economies and jolting financial markets. The announcement on Thursday extends Trump’s trade tariffs to nearly all of […]
CAR shoppers are increasingly opting for cheaper used UK imports rather than showroom vehicles in Ireland, the Society of the Irish Motor Industry warned yesterday, as new figures showed a July slump in sales here. The latest figures are particularly striking because Ireland’s showrooms typically do strong business in July, as customers seek vehicles with […]
(Reuters) – Pinterest Inc (PINS.N) raised its full-year sales forecast and reported second-quarter revenue above Wall Street estimates on Thursday, as the online scrapbook company added more users, sending its shares up 12% in extended trading. The company said monthly active users rose 30% in the quarter to 300 million globally, significantly above estimates, and […]
Authorities in New York State are the latest regulators to crack down on what once was one of the nation’s largest seller of rent-to-own homes. In a suit filed in Federal District Court in Manhattan on Thursday, the state attorney general’s office and the Department of Financial Services contend that the company, Vision Property Management, […]
(Reuters) – U.S. stocks rebounded on Thursday from a steep selloff in the prior session, boosted by technology shares, as investors shrugged off a cautious outlook from the Federal Reserve on interest rate cuts and focused on corporate earnings. The U.S. central bank reduced borrowing costs by a widely-expected quarter of a percentage point on […]