August 7, 2019

PSA shares spike on report Dongfeng exploring options for stake

Shares in PSA Group briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is exploring […]
August 7, 2019

Cautious calm reigns after Washington softens trade war rhetoric

A cautious calm returned to stock markets on Wednesday as softer rhetoric from Washington on the U.S.-China trade war soothed investors, though demand for safe-haven assets […]
August 7, 2019

Great Wall says JV with BMW is proceeding as planned

China’s top sport utility vehicle maker Great Wall Motor said in a stock exchange filing on Wednesday that its joint venture with BMW was proceeding as […]
August 7, 2019

Bayer says next glyphosate lawsuit likely to be postponed

Germany’s Bayer said the next U.S. lawsuit scheduled to be heard over claims that its glyphosate-based weedkiller Roundup causes cancer would likely be postponed. Powered by […]
August 7, 2019

Wendy’s quarterly revenue falls short of estimates

Burger chain Wendy’s Co reported quarterly revenue on Wednesday that fell short of analysts’ estimates, hit by tough competition in a crowded U.S. fast-food market. Powered […]
August 7, 2019

SoftBank says Vision Fund 2 could start investing soon, bags big gains on first

SoftBank Group Corp’s second Vision Fund could start investing as soon as next month, founder and Chief Executive Masayoshi Son said, as the technology conglomerate reported […]
August 7, 2019

Oil sets new seven-month low on trade tensions

Oil prices slipped further on Wednesday, extending recent heavy losses as deepening Sino-U.S. trade tensions weighed on the outlook for the global economy and energy demand. […]
August 7, 2019

Cobalt, Africa setbacks shrink Glencore’s first-half profit

Glencore reported a 32% drop in first-half core profit on Wednesday, sending its shares to their lowest since late 2016, and said it would suspend output […]
August 7, 2019

SoftBank’s profit blows past estimates on Vision Fund gains

Japan’s SoftBank Group Corp raked in a better-than-expected quarterly operating profit as it saw a leap in investing gains from its $100 billion Vision Fund. Powered […]
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