Business News
Oil slips as demand outlook, trade dispute weigh
Oil prices dipped on Monday amid worries about an economic slowdown and the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.
Month: August 2019
Business News
Asian shares falter as U.S.-China trade war, recession worries weigh
Asian shares fell on Monday morning, while gold prices held firm as investors worried a prolonged Sino-U.S. trade war could tip the world and U.S. economies into recession.
Business News
Oil prices fall on worries over demand growth outlook
Oil prices fell on Monday, dragged down by an economic slowdown and worries about the Sino-U.S. trade war, which have led to a cut in the growth outlook for oil demand.
Business News
Sensor specialist AMS triggers bidding war for Germany’s Osram
Austrian sensor specialist AMS triggered a bidding war for Osram on Sunday, saying it was ready to pay $3.8 billion for the German lighting group’s shares, 10% more than finance investors Bain Capital and Carlyle have already offered.
Business News
Russia tells Google not to advertise ‘illegal’ events after election protests
Russia’s state communications watchdog has asked Google to stop advertising “illegal mass events” on its YouTube video platform, it said on Sunday.
Business News
AMS plans rival takeover bid for Germany’s Osram
Apple supplier AMS AG on Sunday said it plans to make an all-cash takeover bid for German lighting group Osram , offering 38.5 euros per share, more than a rival offer from private equity firms Bain Capital and Carlyle Group.
Business News
Goldman Sachs economists say fears rise that U.S.-China trade war leading to recession
Goldman Sachs Group Inc said on Sunday that fears of the U.S.-China trade war leading to a recession are increasing and that Goldman no longer expects a trade deal between the world’s two largest economies before the 2020 U.S. presidential election.
Business News
Apple supplier AMS makes 38.50 euros/share takeover offer for Germany’s Osram
Apple supplier AMS AG said it has made an all-cash takeover offer for German lighting group Osram Licht AG at an offer price of 38.5 euros per share.
Business News
BlackRock becomes Authentic Brands’ largest shareholder with $875 million stake
BlackRock Inc’s new private equity fund Long Term Private Capital (LTPC) has completed its maiden investment, taking up an $875 million stake in Authentic Brands Group LLC, making it the largest investor in the U.S.-based entertainment company, the fund said on Sunday.
Business News
Automakers warm up to friendly hackers at cybersecurity conference
At a conference where hackers can try their hand at picking locks and discover cyber vulnerabilities in a makeshift hospital, they can also endeavor to break into the control units of cars and take over driving functions.
Business News
BlackRock poised to become Authentic Brands’ largest shareholder: WSJ
BlackRock Inc is taking a stake in Authentic Brands Group LLC in a deal valuing the U.S.-based entertainment company at more than $4 billion including debt, the Wall Street Journal reports on Sunday citing sources.
Business News
Tesla electric car catches fire after hitting tow truck in Moscow
A Tesla electric car caught fire after crashing into a tow truck on a Moscow motorway late on Saturday.
Business News
Lack of G7, IMF support seen dimming impact of U.S. move on China’s yuan
China is unlikely to face serious consequences from the Trump administration’s decision to label it a currency manipulator given the apparent lack of G7 and IMF support for the move, former and current U.S. and G7 officials said.
Business News
Russia, after protests, tells Google not to advertise “illegal” events
Russia’s state communications watchdog said on Sunday it had asked Google to stop advertising “illegal mass events” on its YouTube video platform.
Business News
Fed remains a target as economy falls short of Trump’s ambitious goals
It has become a jarring and frequent contradiction. President Donald Trump blames the Federal Reserve for putting the U.S. economy at risk while data shows an economy in “reasonably good” shape, as the head of the central bank recently said.