June 13, 2019

Uber enlists “Qute” to take on India’s choked, polluted roads

Uber Technologies Inc has launched a new ride-hailing service in India’s tech capital Bengaluru that will use miniature gas-powered cars called “Qute” to win over commuters […]
June 13, 2019

Energy shares power Wall Street higher

Gains in energy shares helped Wall Street’s main indexes snap two days of weakness and trade higher on Thursday, with hopes of an interest rate cut […]
June 13, 2019

U.S. weekly jobless claims rise; imported inflation weak

The number of Americans filing applications for unemployment benefits unexpectedly rose last week, which could add to concerns that the labor market was losing steam after […]
June 13, 2019

Oil surges after Gulf tanker attacks, stocks claw higher

Suspected attacks on two tankers off the coast of Iran saw oil markets erupt out of their recent slump on Thursday and kept traders gobbling up […]
June 13, 2019

Alibaba files for HK listing that may raise $20 billion as soon as third quarter: source

China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as […]
June 13, 2019

Danone CFO says China’s baby formula plan ‘not a surprise’

China’s plan to increase local production of baby formula products has not come as a surprise to global dairy maker Danone, which has plans to launch […]
June 13, 2019

Pilot shortages, unsold planes weigh on ATR deliveries: sources

Franco-Italian turboprop maker ATR is tackling a slump in deliveries resulting from a combination of industrial delays, unsold aircraft and pilot shortages, industry sources said. Powered […]
June 13, 2019

Tesco CEO not ready to check out in tough UK retail climate

The boss of Tesco said he had unfinished business at Britain’s biggest retailer after its quarterly sales growth slowed in a subdued grocery market under a […]
June 13, 2019

China’s ‘Gen Z’ shoppers fuelling luxury market momentum: Bain

Chinese “Gen Z” shoppers in their early 20s are emerging as an increasingly powerful force in the luxury industry as brands try and tap into buoyant […]
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