Oil prices were mixed on Wednesday as Brent crude extended losses due to depressed global stock markets, but U.S. crude rose slightly after industry data showed a surprise drop in inventories in the United States.
A major global share index hit its lowest level in a month on Wednesday after U.S. manufacturing activity tumbled to more than a decade low, sparking worries that the fallout from the U.S.-China trade war is spreading to the U.S. economy.
(Bloomberg) — Denmark’s new left-wing government pledged tough laws to control housing costs and singled out Blackstone Group Inc. for “unsustainable” rental practices.Kaare Dybvad, the Danish housing minister, said Blackstone is “challenging” local legislation “where there are holes.” By taking advantage of those holes, the concern is that properties are being bought up and then rented out at prices that Danes are finding increasingly difficult to afford.Speaking in an interview in Copenhagen on Tuesday, Dybvad said that “it’s clear we need to do something about this.”“We’re not going to legislate around an individual firm, but the way this has been …read more […]
The World Trade Organization said it would publish at 4 p.m. (1400 GMT) its decision on a U.S. request to take action against the European Union in a long-running aircraft subsidy dispute.
Online fashion retailer ASOS Plc on Wednesday revamped its board by naming several new directors, including Ocado Solutions Chief Executive Officer Luke Jensen, as it looks to bounce back from a string of profit warnings.
Samsung Electronics Co Ltd has ended mobile telephone production in China, it said on Wednesday, hurt by intensifying competition from domestic rivals in the world’s biggest smartphone market.
Veteran investor Martin Gilbert will leave Standard Life Aberdeen next year, ending a career spanning more than three decades at the helm of one of Britain’s most successful asset managers.
Veteran investor Martin Gilbert will leave Standard Life Aberdeen next year, ending a career spanning more than three decades at the helm of one of Britain’s most successful asset managers. Gilbert oversaw the meteoric rise of Aberdeen Asset Management, the small company he co-founded in 1983 with just 50 million pounds in assets, to what became the country’s biggest listed fund firm at the time of its 11 billion pound merger with Standard Life in 2017. Touted as a strong tie-up of two of Scotland’s biggest financial services companies, Gilbert and Standard Life peer Keith Skeoch initially …read more […]
Manufacturing weakened in September for the second straight month. …read more […]
The owners of Paddy Power Betfair and Poker Stars have agreed to merge in an all-share deal that will create the world’s largest online betting and gambling company by revenue to take advantage of the opening up of U.S. markets.
(Bloomberg) — This year, the oil market has faced some of the worst supply disruptions in recent times and yet prices remain stuck in the $60s.OPEC’s oil production tumbled the most in 16 years last month after the worst-ever attack on Saudi Arabia’s energy infrastructure temporarily halved its output. Earlier in the summer, Russia’s Druzhba contamination crisis forced it to make sharp output cuts and U.S. financial sanctions on Iran remain in force.And yet, Brent crude has averaged around $66 a barrel for most of 2019, far from a price which suggests the world faces an oil shortage. As Russian …read more […]
Online fashion retailer ASOS Plc appointed four new independent non-executive directors from several major British companies on Wednesday as it looks to bounce back after a string of profit warnings.
Samsung Electronics Co Ltd said on Wednesday it suspended production at its mobile phone factory in China at the end of September.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios… …read more […]
Huawei Technologies Co Ltd’s newly launched Mate 30 devices have lost their access to manually install Google’s Android apps, Bloomberg reported on Tuesday.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
