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Updated: 4 years 21 weeks ago
UPDATE 1-China's Geely raises $836 mln from share sale
Geely Automobile
Holdings Ltd said on Friday it raised HK$6.48 billion
($836 million) from a share placement as the Chinese automaker
looks to replenish its coffers to finance growth in the world's
largest auto market.
Categories: Business News
UPDATE 1-China plans to extend curbs on international flights until June 30 - U.S. embassy
Chinese civil aviation
authorities plan to extend until June 30 their curbs on
international flights imposed to restrain the spread of the
coronavirus, the U.S. embassy in Beijing said in a travel
advisory on Friday.
Categories: Business News
JDE Peet's valued at $17.3 billion in espresso IPO
Coffee maker JDE Peet's
said on Friday its shares were priced at 31.50 euros
each in an initial public offering, valuing the firm at 15.6
billion euros ($17.3 billion), as it became one of the few big
companies to go public during the coronavirus crisis.
Categories: Business News
PRESS DIGEST- New York Times business news - May 29
The following are the top stories on the
New York Times business pages. Reuters has not verified these
stories and does not vouch for their accuracy.
Categories: Business News
UPDATE 3-Japan's factory, retail sectors slump as pandemic hits auto sector
* Jobless rate rises to highest level since December 2017
(Adds details on job data in paragraph 18)
Categories: Business News
UPDATE 2-VW pumps 2 bln euros into China electric vehicle bet, buys stakes in 2 firms
Categories: Business News
METALS-Shanghai aluminium scales near 3-month high on China demand
Shanghai aluminium prices rose
to a near three-month high on Friday, underpinned by a solid
recovery in demand in top consumer China and falling stockpiles.
Categories: Business News
GRAPHIC-Chinese stock markets ride on earnings' optimism
As Chinese firms
return to work after a pandemic lockdown faster than their peers
worldwide and the government ramps up economic stimulus, the
mainland has become the only major market where investors expect
earnings to grow this year.
Categories: Business News
Morning News Call - India, May 29
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FACTORS TO WATCH
5:00 pm: Government to release April Infrastructure output data in New
Delhi.
5:30 pm: Government to release January-March quarter and FY20 GDP data in
Categories: Business News
SoftBank Vision Fund head's pay doubled last year despite massive losses
SoftBank Vision Fund's head,
Rajeev Misra, saw his total pay for the past business year more
than double to roughly $15 million, even as the fund's
underperformance pushed SoftBank to a record operating loss of
some $13 billion.
Categories: Business News
GLOBAL MARKETS-Stocks slip as markets await Trump's HK response
Asia's stock markets
pulled back and major currencies were held in check on Friday,
as investors await the U.S. response to China tightening control
over the city of Hong Kong.
Categories: Business News
Australia's Lynas says it complied with exchange's disclosure rules on funding
Lynas Corp on Friday said it has
complied with Australian Securities Exchange's disclosure rules
in response to an exchange letter asking the miner about its
disclosures on the funding of a rare earths processing plant in
the United States.
Categories: Business News
UPDATE 9-Trump move could scrap or weaken law that protects social media companies
President Donald Trump said
he will introduce legislation that may scrap or weaken a law
that has protected internet companies, including Twitter
and Facebook, in an extraordinary attempt to
regulate social media platforms where he has been criticized.
Categories: Business News
U.S. FDA asks 5 firms to recall diabetes drug with high levels of probable carcinogen
The U.S. Food and Drug Administration
(FDA) said on Thursday it has recommended five pharmaceutical
firms to voluntarily recall their diabetes drug metformin after
the agency found high levels of a possible cancer-causing
impurity in some versions of the medication.
Categories: Business News
Twitter flags China spokesman's tweet on COVID-19
Twitter has flagged a
tweet written in March by a Chinese government spokesman that
suggested the U.S. military brought the novel coronavirus to
China, as the social media platform ramps up fact-checking of
posts.
Categories: Business News
PRESS DIGEST- British Business - May 29
The following are the top stories on the
business pages of British newspapers. Reuters has not verified
these stories and does not vouch for their accuracy.
Categories: Business News
UPDATE 2-Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
Tyson Foods Inc said on
Thursday it will temporarily close an Iowa pork plant due to the
coronavirus pandemic, a month after U.S. President Donald Trump
ordered slaughterhouses to stay open to protect the country's
food supply.
Categories: Business News
U.S. judge orders 15 banks to face big investors' currency rigging lawsuit
A U.S. judge on Thursday said
institutional investors, including BlackRock Inc and
Allianz SE's Pacific Investment Management Co, can
pursue much of their lawsuit accusing 15 major banks of rigging
prices in the $6.6 trillion-a-day foreign exchange market.
Categories: Business News
Matteo Bocelli sings 'Lion King' hit as Disney songs go classical
Matteo Bocelli, the son of renowned
Italian tenor Andrea Bocelli, on Friday released a new version
of "The Lion King" movie ballad "Can You Feel the Love Tonight,"
the first single from an album of classical versions of Disney
songs.
Categories: Business News
UPDATE 1-California regulator approves PG&E's Chapter 11 reorganization plan
PG&E Corp said on Thursday its
Chapter 11 reorganization plan has been confirmed by a
California power regulator, bringing the power provider one step
closer to emerge from bankruptcy and participate in a
state-backed wildfire fund.
Categories: Business News