LSE board poised to decide fate of Hong Kong exchange’s $39 billion offer
The London Stock Exchange’s board will meet in coming days to make a decision on the Hong Kong bourse’s surprise $39 billion takeover proposal, a...
Trade war thaw and ECB stimulus hopes buoys stocks
World stocks climbed to their highest in six weeks on Thursday as the European Central Bank prepared to offer new stimulus measures and the United...
BAT stubs out 2,300 jobs as new CEO tackles tobacco sector changes
British American Tobacco plans to lay off 4% of its workforce, including a fifth of senior managers, as recently-promoted chief executive Jack Bowles grapples with...
Huawei’s device business earned 11 billion yuan in first half of 2019: filing
Huawei Technologies’ device business, comprising mainly smartphones, made a 11 billion yuan ($1.55 billion) profit in the first half of this year – as much...
Nigeria and Iraq pledge to cut output to meet OPEC targets
Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets....
China says firms have started inquiring about U.S. agriculture buys
China’s Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of...
Political risks of Hong Kong exchange’s $39 billion LSE approach takes toll on shares
Hong Kong stock exchange shares fell more than 3% on Thursday as investors raised concerns about the political and regulatory risks involved in its $39...
Mexico’s $5 billion debt bailout for Pemex ‘a one off’: deputy minister
Mexico’s $5 billion rescue package to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that should give the struggling state oil company breathing...
AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources
The world’s largest brewer, Anheuser-Busch InBev , which shelved a Hong Kong IPO of its Asia Pacific unit in July, is planning to raise about...
Nissan China head, turnaround executive among top candidates for CEO: sources
The head of Nissan Motor Co’s China business and an executive tasked with leading its revival have emerged as two of the top candidates to...