August 12, 2019

Wall Street slips as trade war stokes fears of recession

U.S. stocks slipped on Monday, dragged down by financial shares, as investors fled riskier assets on fears that a drawn-out trade war between the United States […]
August 12, 2019

Jet Airways sale suffers setback as two potential investors back out

Creditors’ hopes of resurrecting India’s Jet Airways and salvaging some value from the bankrupt airline were dealt a fresh blow on Monday as two potential investors […]
August 12, 2019

Saudi Aramco aims to buy Reliance stake, reports lower earnings

Saudi Aramco is planning a multibillion dollar investment in India’s Reliance Industries as the energy giant diversifies its oil business, where weaker prices cut its first-half […]
August 12, 2019

Lloyd’s of London meets second-quarter electronic trading target

Lloyd’s of London met a second-quarter target to complete at least half of its insurance under-writing deals electronically, as part of efforts to modernize operations and […]
August 12, 2019

Reliance-Microsoft cloud tie-up poses threat to Amazon, Google in India

India’s Reliance Industries Ltd on Monday announced a partnership with Microsoft’s Azure cloud platform, in a move that deepens the offerings of its Jio telecoms unit […]
August 12, 2019

Barrick posts profit jump, flags significant work ahead on Acacia

Barrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a “great deal of work” ahead resolving […]
August 12, 2019

Oil rises despite fears of a global economic downturn

Oil prices rose on Monday despite worries about a global economic slowdown and the ongoing U.S.-China trade war, which has reduced demand for commodities such as […]
August 12, 2019

Yen and bond bulls charge on; Argentina braces for mauling

Persistent concerns about a prolonged U.S.-China trade war and a no-deal Brexit kept the yen and bond bulls charging on Monday, while Argentina’s markets were set […]
August 12, 2019

Nike aims sneaker subscriber scheme at $10 billion U.S. kids market

Nike Inc will launch a new subscription service for kids sneakers this week that seeks to woo parents with an offer of fewer nightmarish trips to […]
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