Business News
Credit Suisse investment bank won’t shrink more: chairman
(This February 9 story corrects share price movement in the fourth paragraph)
Month: February 2019
Business News
Asian shares search for direction as U.S.-China trade talks begin
Asian shares barely moved on Monday as investors were unable to shake worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe haven dollar near a six-week top against major currencies.
Business News
IKEA accelerates services drive as competition stiffens
Jessica Reznik likes IKEA’s prices but not do-it-yourself. So when the Swedish furniture giant said a handyman on odd-jobs site TaskRabbit could assemble her new dresser and nightstand in her New York apartment, she jumped at the offer.
Business News
Sanctions, OPEC cuts push Asia’s sour crude oil prices above Brent
Middle East oil benchmarks Dubai and DME Oman have nudged above prices for Brent crude, an unusual move as U.S. sanctions on Venezuela and Iran along with output cuts by OPEC tighten supply of medium to heavy sour oil, traders and analysts said.
Business News
Australian sovereign fund criticizes NAB’s leadership change
The head of Australia’s sovereign wealth fund criticized National Australia Bank Ltd on Monday for the double resignation of its CEO and chairman after a misconduct inquiry, saying it was “not good practice” for both to go at once.
Business News
Asian shares slip, looming U.S.-China trade talks in focus
Asian shares started the week on the backfoot as investors were unable to shake off worries about global growth, U.S. politics and the Sino-U.S. trade war, keeping the safe-haven dollar well bid near a six-week top against major currencies.
Business News
Asian shares in tight range ahead of U.S.-China trade talks
Asian shares started the week on the backfoot on Monday as worries about global growth, U.S. politics and the ongoing Sino-U.S. tariff war kept investors cautious, while the safe-haven greenback held near a six-week top against major currencies.
Business News
UBS overhauls pay policy for 10,000 employees: Financial Times
UBS AG has overhauled its pay policy for 10,000 staff in an attempt to reduce uncertainty about bonuses and cut the amount of time managers spend on allocating them, the Financial Times reported on Sunday.
Business News
Paris seeks $14 million from Airbnb for illegal adverts
The City of Paris is suing Airbnb for publishing 1,000 illegal rentals adverts, which could cost the American rental website more than 12.5 million euros ($14 million), the mayor of Paris told a newspaper in an interview published on Sunday.
Business News
Saudi Arabia says has ‘nothing to do’ with Bezos-AMI dispute
Saudi Arabia had “absolutely nothing to do” with the National Enquirer’s reporting on an extramarital relationship involving Amazon.com Inc Chief Executive Jeff Bezos, the kingdom’s minister of state for foreign affairs said.
Business News
Russia’s Gazprombank says Venezuela’s PDVSA has not opened new accounts
Russia’s Gazprombank said on Sunday that Venezuela’s state-run oil company PDVSA opened accounts with the bank several years ago and has not opened any accounts recently.
Business News
U.S.-China trade talks resume next week, focus on intellectual property
U.S. negotiators are preparing to press China next week on longstanding demands that it reform how it treats American companies’ intellectual property in order to seal a trade deal that could prevent tariffs from rising on Chinese imports.
Business News
Exclusive: Venezuela shifts oil ventures’ accounts to Russian bank – document, sources
Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.
Business News
Exclusive: Venezuela shifts oil ventures’ accounts to Russia’s Gazprombank – document, sources
Venezuela’s state-run oil company PDVSA is telling customers of its oil joint ventures to deposit sales proceeds at an account it recently opened at Russia’s Gazprombank AO, according to sources and an internal document seen by Reuters on Saturday.
Business News
Exclusive: Venezuela moves to replace U.S. executives on Citgo board – sources
Venezuelan state-run oil company PDVSA is taking steps to remove at least two American executives from the board of directors of its U.S. refining subsidiary, Citgo Petroleum Corp, according to people close to the matter.