August 6, 2019

Goldman Sachs sees no trade deal before 2020 U.S. election, now expects three rate cuts

Goldman Sachs said it no longer expects the United States and China to agree on a deal to end their prolonged trade dispute before the November […]
August 6, 2019

Jeff Bezos sells Amazon stock worth $2.8 billion last week

Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares […]
August 6, 2019

Stocks rout deepens as U.S. sets crosshairs on yuan

Global stocks extended already substantial losses on Tuesday, after Washington tagged China a currency manipulator, shaking fragile investor sentiment in a rapid escalation of the U.S.-China […]
August 6, 2019

Luxury department store Barneys files for bankruptcy: New York Times

U.S. luxury department store chain Barneys New York Inc filed for Chapter 11 bankruptcy protection to restructure its business and pursue a sale, the New York […]
August 6, 2019

China media says U.S. ‘destroying international order’, after currency-manipulator branding

China’s official Communist Party newspaper said on Tuesday that the United States was “deliberately destroying international order”, a day after Washington branded Beijing a currency manipulator […]
August 6, 2019

Air China to suspend Beijing-Hawaii route flights from August 27

Air China will suspend its flights on the Beijing-Hawaii route from Aug. 27 after a review of its network, China’s flagship carrier said on Tuesday, as […]
August 6, 2019

Some Wall Street workers face pay slump in 2019: report

Many Wall Street workers will see their pay stay flat or decline this year, as big banks and money managers continue to cut costs, according to […]
August 6, 2019

JPMorgan confirms winning bid to take majority stake in China fund JV

JPMorgan confirmed it had won an auction to hold a majority equity stake in its Chinese asset management joint venture (JV), becoming the first foreign firm […]
August 6, 2019

Stock losses steepen as U.S. puts yuan in crosshairs

Global stocks extended already substantial losses on Tuesday as China’s yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a […]
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