August 5, 2019

Trade friction hits stocks, yuan slumps to lowest in over a decade

Global stocks fell for a sixth day on Monday as an escalation of trade tensions between the United States and China spooked markets and the yuan […]
August 5, 2019

HSBC axes CEO Flint after only 18 months in role to speed up growth

HSBC ousted Chief Executive Officer John Flint after just 18 months in that role, in a surprise move that the lender’s chairman said was necessary to […]
August 5, 2019

Elliott urges Scout24 to sell car listings arm, increase buyback

U.S. activist investor Elliott urged German classifieds group Scout24 on Monday to sell its car listings division and ramp up a share buyback program to boost […]
August 5, 2019

Murdoch’s Fox Corp to buy fintech Credible Labs in $397 million deal

U.S. broadcaster Fox Corp on Monday agreed to buy Credible Labs Inc in a deal valuing the online finance broker at $397 million, as the Murdoch-controlled […]
August 5, 2019

Asia stocks hit six-month low as investors flee to safety, yuan slumps

Asian shares suffered their steepest daily drop in nine months on Monday, as Sino-U.S. trade friction sent the yuan slumping to a more than decade trough […]
August 5, 2019

Subaru first-quarter profit climbs 48% on strong U.S. SUV sales

Subaru Corp reported a 48% increase in first-quarter operating profit on Monday as global sales grew, led by demand for the Ascent and Forester SUVs in […]
August 5, 2019

HSBC CEO Flint leaves abruptly after only 18 months in role

HSBC announced the shock departure of Chief Executive Officer John Flint after just 18 months in the role, saying the bank needed a change at the […]
August 5, 2019

Oil gains about 3%; records loss for week after Trump tariff threat

(This story corrects weekly price moves in paragraph 6 of Aug. 2 report to show that Brent fell 2.5%, not 2.7%, and that WTI fell around […]
August 5, 2019

Asian stocks skid to six-and-a-half-month lows as Sino-U.S. trade row shakes markets

Asian shares slid to 6-1/2-month lows on Monday and the yuan plunged as a rapid escalation in the Sino-U.S. trade war drove nervous investors to safe-havens […]
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