MEXICO CITY (Reuters) – “Very serious” delays in exporting goods over the U.S.-Mexico border are impacting the auto industry, Eduardo Solis, the president of the Mexican Auto Industry Association (AMIA), said on Monday. Washington’s decision to move some 750 border agents from commercial to immigration duties to handle a surge in families seeking asylum between […]
WASHINGTON (Reuters) – The U.S. Federal Reserve on Monday proposed a new regulatory regime for 23 foreign banks operating in the U.S. that could make life easier for some lenders, while tightening up rules for more risky foreign firms. The proposal, which would affect major banks like UBS, Credit Suisse, Deutsche Bank and HSBC, is […]
DUBAI (Reuters) – Saudi Aramco has given initial price guidance for its debut international bond, which is split into tranches ranging from three to 30 years, a document issued by one of the banks leading the deal showed. Aramco is offering around 75 basis points (bps) over U.S. Treasuries for a three year bond, around […]
European Agriculture Commissioner Phil Hogan has said that he remains hopeful that common sense might prevail in relation Brexit but remained tight-lipped on no-deal plans for the Irish border. In a briefing on Brexit preparations in Brussels, Commissioner Hogan stressed that “no deal makes no sense.” “Despite the madness of Brexit I still think common […]
(Reuters) – Pinterest Inc on Monday set a price range of $15 to $17 per share for its initial public offering of 75 million shares, valuing it below the $12 billion at which the online image-search company sourced its last fundraising in 2017. At the upper end of its target range, the company could have […]
(Reuters) – Image sharing website Pinterest Inc set a price range of $15 to $17 per share for its initial public offering of 75 million shares, as per a filing bit.ly/2OZLmYU with the U.S. Securities and Exchange Commission on Monday. At the upper end of its target range, the company would be valued at $9 […]
SHANGHAI (BLOOMBERG) – China’s latest step to encourage 100 million rural citizens to move to cities may provide a timely boost to a slowing property market. Cities with an urban population of between 1 million to 3 million should scrap the residency registration system – known as hukou – this year, the National Development and […]
ABU DHABI (Reuters) – U.S buyout firm Carlyle Group has agreed to buy a 30 to 40 percent stake in Spanish energy company Cepsa from Muabdala based on an enterprise value of $12 billion, the Abu Dhabi wealth fund said on Monday. The deal is expected to close by the end of 2019 and final […]
Singapore’s growing and diversified economy put it in a strong position while negotiating with the integrated resorts (IRs). Even so, it required a bit of creativity to push the talks to their conclusion. Trade and Industry Minister Chan Chun Sing made this point yesterday as he shared insights on the talks with Resorts World Sentosa […]
Cashel Mart manager Alison de Vere Hunt said her mart was full of irate farmers at a recent Saturday morning sale. The farmers had started to come in that morning, vehicles and tractors pulling trailers of cattle for the busy sale that day. Brexit looms and the potential impact on the Irish beef sector could […]