Luckin Coffee share price may nearly double to $60 on U.S. exchanges: hedge fund Citron Capital
China-based Luckin Coffee Inc’s shares could double in price after it overcomes the negative impact of the coronavirus outbreak and a widely publicized bearish bet...
FDA holds rare public meeting on asbestos testing in talc
For the first time in nearly 50 years, the U.S. Food and Drug Administration examined asbestos testing for talc powders and cosmetics at a hearing...
Federal Reserve bars former Goldman Sachs executive for role in 1MDB scandal
The U.S. Federal Reserve said on Tuesday that it permanently barred a former Goldman Sachs Group Inc executive from the banking industry over his role...
Exclusive: First Petrobras employee flips in Brazil commodity traders probe
A former trader at oil firm Petrobras has signed a plea bargain agreement with Brazilian prosecutors investigating bribery allegations, defense lawyers and prosecutors said, a...
Beat laments Uber’s Colombia departure, but will not hold back in its absence
Ride-hailing company Beat hopes rival Uber will return to Colombia, but meanwhile, it will capitalize on the void it left and try to fill it,...
Bombardier in talks to sell business-jet unit to Textron: WSJ
Canada’s Bombardier Inc is in talks to sell its business-jet unit to U.S. maker of Cessna jets, Textron Inc , the Wall Street Journal reported...
Defense aircraft demand lifts U.S. factory orders; underlying softness remains
New orders for U.S.-made goods increased by the most in nearly 1-1/2 years in December, flattered by robust demand for defense aircraft, but persistently weak...
Stocks surge, oil rebounds on China virus efforts
Crude oil prices rebounded and global equity markets surged on Tuesday as China’s efforts to minimize the economic impact from the coronavirus epidemic spurred investors’...
U.S. Federal Reserve bars Goldman Sachs executive from industry for role in 1MDB scandal
The U.S. Federal Reserve announced Tuesday it had permanently barred Goldman Sachs executive Andrea Vella from the banking industry for his role in Malaysia’s 1MDB...
Carlsberg beer sales hit by China’s shuttered karaoke bars
Empty Chinese streets and karaoke bars will hit short-term sales in Carlsberg’s biggest market, but the Danish brewer said on Tuesday it was not changing...