August 29, 2019

Tencent scraps plan to invest $150 million in Chinese education firm VIPKid: sources

Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for a Chinese education firm VIPKid, two people familiar with the […]
August 29, 2019

Best Buy misses quarterly same-store sales estimates

Best Buy Co Inc reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game consoles […]
August 29, 2019

Argentina says to extend maturities of international bonds, IMF debt

Argentina will negotiate with holders of its sovereign bonds and the International Monetary Fund to extend the maturities of its debt obligations as a way of […]
August 29, 2019

Argentine bonds plumb new lows as government eyes extending debt maturities

Argentina’s international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to “reprofile” some debt, leaving […]
August 29, 2019

Thyssenkrupp CEO’s last roll of the dice: sell the family silver

Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group’s prized elevator division lock, stock and barrel so he can save the conglomerate’s remaining […]
August 29, 2019

China hopes U.S. will create conditions necessary for September trade talks

China and the United States are discussing the next round of face-to-face trade talks scheduled in September, but hopes for progress hinge on whether Washington can […]
August 29, 2019

South Korea top court returns Samsung heir Lee’s bribery case for review

South Korea’s Supreme court on Thursday overturned part of an appeals court ruling in the bribery case of Samsung Group’s de facto chief Jay Y. Lee, […]
August 29, 2019

UBS appoints Iqbal Khan wealth management co-head

The world’s largest wealth manager UBS on Thursday appointed former Credit Suisse executive Iqbal Khan to co-lead its flagship business, replacing Martin Blessing. Powered by WPeMatico
August 29, 2019

Bonds reign supreme, equities struggle on recession, Brexit fears

Global bond yields flirted with record lows while stocks struggled to recover on Thursday, as global recession worries from intensifying U.S.-China frictions and the specter of […]
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