August 5, 2019

Stocks sink on trade fears as yuan slumps to a decade low

Stock markets around the world fell hard and the Chinese yuan weakened to an 11-year low on Monday as fears of an escalation in the U.S.-China […]
August 5, 2019

Oil falls 2% as trade war concerns hit demand outlook

Global oil benchmark Brent futures fell more than 2% on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more […]
August 5, 2019

Tyson Foods hits record high after beating estimates, prepares for China profit boost

Tyson Foods Inc reported better-than-expected quarterly earnings on Monday and reaffirmed expectations it will profit from the spread of a fatal hog disease in China, sending […]
August 5, 2019

Sports Direct buys fashion retailer Jack Wills for 12.75 million pounds

Britain’s Sports Direct International Plc has bought clothing retailer Jack Wills for 12.75 million pounds ($15.51 million), the Mike Ashley-led company said on Monday. Powered by […]
August 5, 2019

U.S. services sector slows; orders hit three-year low

U.S. services sector activity slowed in July as new orders dropped to their lowest level in three years, suggesting the economy lost further momentum early in […]
August 5, 2019

Takeaway.com and Just Eat agree merger terms

Amsterdam-based Takeaway.com and British rival Just Eat have finalised the terms of their deal to create a global food delivery company that can rival Uber Eats […]
August 5, 2019

Wall Street tumbles as yuan slide intensifies trade worries

Wall Street’s main indexes fell sharply on Monday, led by technology companies, as China’s willingness to let the yuan slide in response to the latest U.S. […]
August 5, 2019

Oil down more than 1.5% as trade war concerns hit demand outlook

Oil prices fell on Monday on global growth concerns after U.S. President Donald Trump last week threatened China with more tariffs, which could limit crude demand […]
August 5, 2019

Tesco to cut 4,500 jobs in Metro restructuring

Tesco , Britain’s biggest retailer, said it would cut around 4,500 jobs from its Metro stores in a new wave of redundancies designed to cut costs […]
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