Archive for the January 7, 2019
-
The international wing of the world's largest cigarette maker - a Chinese state-owned tobacco monopoly - plans to list on the Hong Kong stocks exchange, filing documents showed on Wednesday. The unit seeking listing only
Read More -
Cash-strapped Jet Airways Ltd said late Tuesday it defaulted on debt payment to a consortium of Indian banks, prompting ratings agency ICRA to downgrade the carrier and sending its shares sharply lower. The payment of
Read More -
Qatar Airways has acquired a 5 percent stake in China Southern Airlines, the state-owned Gulf carrier said on Wednesday, in a move to gain access to the fast-growing mainland Chinese market. Qatar Airways also owns
Read More -
US companies have sent home over half a trillion dollars of cash they held overseas in 2018 to take advantage of tax changes, but data suggest the pace is slowing, potentially removing a key source
Read More -
Canadian merger-and-acquisition activity is expected to strengthen in 2019 as a slump in oil prices could fuel consolidation among energy companies and cannabis deals gain momentum, M&A advisers said. Deal volume jumped 15 percent to
Read More -
Insurer Rothesay Life is planning a 3.5-billion-pound bid for a unit of reinsurance company Swiss Re , Sky News reported on Friday, putting into question the Zurich-based company's plans to list the British unit in
Read More -
During the Cold War, US eyes were riveted on the Soviet Union's rockets and satellites. But in recent years, it has been China's space programs that have most worried US strategists. China, whose space effort
Read More -
A gradual rise by the Japanese yen in recent weeks culminated in a dramatic overnight surge - firing a warning shot for world markets and the global economy in 2019. Historically, outsized yen gains in
Read More -
Mexico's peso is likely to bounce back from recent declines but by a smaller amount than previously expected, underscoring strategists' growing concerns about President Andrés Manuel López Obrador's management of the country's economy. The peso
Read More -
Economic optimists have for years been misguidedly predicting the twilight of the boring, safety-first bond market. And the year gone by was another one that proved them wrong, particularly in the eurozone. Investors who bought
Read More