HONG KONG (BLOOMBERG) – Chinese Estates Holdings, controlled by a long-time backer of embattled developer China Evergrande Group, offered to take the company private after the stock plunged to an 18-year low. The Hong Kong real estate firm, owned by the family of billionaire Joseph Lau, agreed to buy out minority shareholders for HK$4 apiece, […]
NEW YORK/LONDON (Reuters) -Soaring energy prices retreated and stocks on Wall Street rebounded on Wednesday after the top U.S. Senate Republican backed an extension of the U.S. debt ceiling and Russia calmed volatile natural gas markets in Europe.FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building in Manhattan […]
A Bank of America logo is pictured in the Manhattan borough of New York City, New York, U.S., January 30, 2019. REUTERS/Carlo Allegri/Files(Reuters) – Bank of America Corp will pay out $200 awards to its employees at Merrill Lynch Wealth Management who have been fully vaccinated and going to office regularly, according to a memo […]
NEW YORK/LONDON (Reuters) -Global equity markets slid and the dollar rose on Wednesday after a strong private payrolls report and surging energy prices fueled the inflation outlook and expectations the Federal Reserve will soon taper its massive bond purchases.FILE PHOTO: Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building in […]
FILE PHOTO: Cars are seen in a traffic jam during morning rush hour in a period of social isolation in Brasilia, amid the coronavirus disease (COVID-19) outbreak, Brazil April 16, 2020. REUTERS/Ueslei MarcelinoMEXICO CITY/SAO PAULO (Reuters) – Automotive production in Brazil and Mexico, Latin America’s two largest economies, plummeted in September, dragged down by an […]
WARREN, Mich. — General Motors has been spending billions of dollars in the last few years to electrify its cars and trucks. Now the company, which has said it aims to stop selling gasoline-powered vehicles by 2035, is beginning to reveal how big it expects this bet will pay off. The automaker said on Wednesday […]
BERLIN (Reuters) – German construction workers said on Wednesday they were likely to go on strike for higher wages and other payments, increasing pressure on employers to finally meet a range of demands including more compensation for long commutes to building sites.A German construction worker carries a huge hammer, as he attends a protest demanding […]
(Reuters) -U.S. stock index futures fell on Wednesday after soaring oil prices fed into fears of higher inflation, while a survey showing a strong rise in private jobs last month fueled concerns of sooner-than-expected easing of monetary stimulus.FILE PHOTO: Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, […]
LONDON (Reuters) – Shares fell and government bond yields rose across the world on Wednesday as oil prices hit their highest in seven years, fuelling concerns about rising inflation. The Euro STOXX 600 index fell 1.9%, denting gains made in its best day in 11 weeks on Tuesday, with travel and leisure and tech stocks […]
In 2011, from the ashes of global economic slowdown and rising oil prices, Travel Cue was born. “Our organisation is indeed a product of adversity. We thrive in these conditions and always find a path that sustains the business,” muses Mr Nagender Chilkuri, Travel Cue’s group managing director. The early days were wildly challenging, with […]