Business News
Shares regain footing as lira roars out of rout
World share markets regained their footing on Tuesday as the threat from the collapse of the Turkish lira ebbed and reassuring German data offset signs of slowing growth in China.
Month: August 2018
Business News
Exclusive: Carlyle starts preparations for $5 billion listing of chemicals group Atotech – sources
Buyout group Carlyle is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former part of oil group Total which could be valued at around $5 billion, people close to the matter said.
Business News
Japan’s Don Quijote rides high on rule-breaking reputation
Japanese discount retailer Don Quijote Holdings Co Ltd was once the industry’s enfant terrible, overturning standard retail practices with its cluttered and chaotic stores that sell everything from faux leopard-skin rugs to designer watches.
Business News
Exclusive: Carlyle starts preparations for listing of chemicals group Atotech – sources
Buyout group Carlyle is starting preparations for a stock market listing of German speciality chemicals group Atotech, a former unit of oil group Total , which it bought for $3.2 billion two years ago, people close to the matter said.
Trading Ideas
iPhone X Versus Samsung’s Note 9: Battle of the $1,000 Phones
Samsung Electronics Co. unveiled the Galaxy Note 9 in New York on Thursday, the latest iteration of a series of devices that ushered in the ‘phablet,’ which are between the size of a phone and tablet. Samsung is banking on a larger screen and more high-end specifications as it goes head-to-head with the iPhone X before Apple Inc. introduces new devices ahead of the holiday shopping season. With both starting at about $1,000, how do the Note and iPhone X compare? …read more […]
Business News
Asia stumbles on soft China data, gold loses its glitter
Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected.
Trading Ideas
Turkish lira edges up from record low on central bank pledge
The Turkish lira pulled back on Tuesday from a record low of 7.24 a day earlier after the central bank pledged to provide liquidity in response to a meltdown which has unsettled global markets. The lira (TRYTOM=D3), which closed at 6.9 on Monday, has weakened 45 percent against the dollar this year, hit by worries over President Tayyip Erdogan’s calls for lower interest rates and worsening ties with the United States. The weakness of the Turkish currency has rippled through global markets, with its drop of as much as 18 percent on Friday hitting U.S. and European stocks …read more […]
Business News
South Korea to ban about 20,000 BMW vehicles after engine fires
South Korea’s transport ministry said on Tuesday it would ban some 20,000 BMW vehicles from the streets amid mounting public fears about engine fires.
Business News
Brazil’s farmers dump sugar for soy as trade war boosts Chinese demand
Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields.
Trading Ideas
Bitcoin's Price Falls Below $6K to Near 2018 Low
Bitcoin fell below $6,000 on Tuesday, a decline that brings the price of the world’s largest cryptocurrency to within 2 percent of its 2018 low. …read more […]
Business News
Asia tries to find its footing, China disappoints
Asian share markets fought to regain their footing on Tuesday as tremors from the collapse of the Turkish lira ebbed, though sentiment took a fresh knock when Chinese economic data proved softer than expected.
Trading Ideas
Why Berkshire May Be Buying Back Stock Right Now
Berkshire Hathaway recently loosened its stock repurchase threshold. Could it be buying back shares already? …read more […]
Business News
Musk says Silver Lake, Goldman advising on taking Tesla private
Tesla Inc Chief Executive Elon Musk on Monday tweeted that he would work with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on a proposal to take private the electric car maker.
Business News
Musk says working with Silver Lake, Goldman on Tesla bid
Tesla Inc Chief Executive Elon Musk on Monday tweeted that he would work with buyout firm Silver Lake and investment bank Goldman Sachs as financial advisers on a proposal to take private the electric car maker.
Business News
Venezuela gasoline prices should rise to international levels: Maduro
Venezuela’s heavily subsidized domestic gasoline prices should rise to international levels to avoid billions of dollars in annual losses due to fuel smuggling, President Nicolas Maduro said in a televised address on Monday.