November 27, 2019

Manchester City owner draws $500 million investment from private equity firm Silver Lake

U.S. private equity firm Silver Lake has agreed to invest $500 million in the owners of English soccer champions Manchester City, valuing the Premier League club’s […]
November 27, 2019

BAT says U.S. vaping slowdown will lead to slower growth in e-cigarette business

British American Tobacco , the world’s no. 2 tobacco company by revenue, said on Wednesday a slowdown in the U.S. vaping market would result in slower […]
November 27, 2019

IKEA to invest 200 million euros in race to turn ‘climate positive’

IKEA, the world’s biggest furniture group, said on Wednesday it would spend around 100 million euros ($110 million) on supporting its direct suppliers in moving over […]
November 27, 2019

Exclusive: China’s ByteDance moves to ringfence its TikTok app amid U.S. probe – sources

ByteDance has stepped up efforts to separate its social media app TikTok from much of its Chinese operations, amid a U.S. national security panel’s inquiry into […]
November 27, 2019

Oil eases on growing U.S. stockpiles; U.S.-China trade deal hopes check losses

Oil slipped on Wednesday after an industry report showed a surprise build-up in U.S. crude inventories, but optimism surrounding the signing of the first phase of […]
November 27, 2019

Manchester City owner to sell $500 million stake valuing itself at $4.8 billion: Financial Times

The owner of English Premier League champions Manchester City is selling a $500 million stake to private equity firm Silver Lake, valuing the soccer club’s owner […]
November 27, 2019

BHP’s Henry signals new technology a focus in first speech

Incoming BHP Group Chief Executive Mike Henry said the world’s biggest miner is prioritising new developments in technology to cut costs and improve safety, including collaborations […]
November 27, 2019

Feuding Korean firms risk disrupting electric car battery supplies

In 2018, South Korea’s SK Innovation beat its larger, local rival LG Chem to a multibillion dollar deal to supply German carmaker Volkswagen with electric vehicle […]
November 27, 2019

Asian shares climb as Trump says U.S. China trade deal near

Asian shares rose on Wednesday and European stocks looked set for gains after U.S. President Donald Trump said negotiators were close to inking an initial trade […]
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