December 23, 2019

SoftBank’s $3 billion WeWork financing talks stall with Japan banks: sources

SoftBank Group Corp’s talks to secure $3 billion from Japan’s three biggest banks have stalled as the lenders have hit internal lending limits to the firm, […]
December 23, 2019

Credit Suisse blames former COO for covering up second spying case

Credit Suisse on Monday cleared CEO Tidjane Thiam and other top executives from knowledge of a second spying incident, saying former Chief Operating Officer Pierre-Olivier Bouee […]
December 23, 2019

BlackRock, Temasek to take majority stake in wealth management JV with CCB: sources

U.S. asset manager BlackRock Inc, Singapore state investor Temasek Holdings (Pte) Ltd and China Construction Bank Corp (CCB) have agreed to set up a wealth management […]
December 23, 2019

China’s industrial output to grow around 5.6% year-on-year in 2019: ministry

China’s industrial output is expected to grow around 5.6% in 2019, the Ministry of Industry and Information Technology said on Monday. Powered by WPeMatico
December 23, 2019

Oil declines, but losses limited as U.S.-China near trade deal

Oil prices slipped on Monday, but held near recent three-month highs amid optimism that the United States and China are close to signing a trade deal, […]
December 23, 2019

Tesco suspends Chinese supplier after suspected prisoner message

British supermarket giant Tesco suspended a Chinese supplier of Christmas cards on Sunday after a press report said a customer found a message written inside a […]
December 23, 2019

Asian shares hold near 18-month highs in holiday lead-up

Asian markets idled near 18-month highs on Monday as volumes weakened ahead of the Christmas holiday break and investors squared off their positions, taking home hefty […]
December 23, 2019

Oil steady amid optimism U.S.-China close to signing trade deal

Oil prices were mostly steady on Monday after three weeks of gains amid optimism the United States and China were close to signing a trade deal […]
December 22, 2019

Activist hedge fund Marcato Capital to shut down after drop in assets

Activist hedge fund Marcato Capital Management, backed by Blackstone Group and billionaire William Ackman, is shutting down as assets have shriveled after two years of poor […]
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