July 8, 2019

Asian shares stumble as bets off on sharp U.S. rate cuts

Asian shares were a sea of red on Monday after strong U.S. job gains tempered expectations the Federal Reserve will deliver a large rate cut, while […]
July 8, 2019

China refiners curb fuel output after massive new plants stoke glut

China’s fuel producers are making extended curbs to their output in the third quarter after supply from mammoth new refineries stoked an already-sizeable glut, potentially dragging […]
July 8, 2019

VW to deepen alliances with battery suppliers for electric push

Volkswagen will create joint ventures and help finance battery production to persuade skeptical cell suppliers to back its aggressive push for mass producing electric vehicles, board […]
July 8, 2019

Oil prices tread water as market eyes global risks

Crude prices were little changed on Monday as traders weighed geopolitical risks against the impact of the Sino-U.S. trade war on the global economy, although last […]
July 8, 2019

Deutsche Bank axes whole teams in Asia-Pacific as 18,000 global job cuts begin

Deutsche Bank AG eliminated whole teams at its Asian operations on Monday, as the German lender began axing 18,000 jobs globally in one of the biggest […]
July 8, 2019

Hedge funds chart course through ‘IMO 2020’ storm

Shipping companies, refineries, freight derivatives or diesel cracks? Investment funds are placing their bets as the shipping sector prepares for new rules limiting sulfur emissions from […]
July 8, 2019

Asian shares fall as bets off on sharp U.S. rate cuts

Asian shares fell on Monday after strong U.S. jobs data tempered expectations for a Fed rate cut, while the Turkish lira hovered near two-week lows on […]
July 7, 2019

WeWork looking to raise up to $4 billion in debt ahead of IPO: source

Shared office space manager WeWork Cos is looking to raise $3 billion to $4 billion in debt before it goes public, a person familiar with the […]
July 7, 2019

After Deutsche Bank cuts, where will the growth be?

For Deutsche Bank chief executive Christian Sewing, shrinking the group’s investment bank will be the relatively easy – if expensive – part of his restructuring plan. […]
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