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Updated: 9 hours 22 min ago

Prosecutor investigates General Electric's France chief

Tue, 09/10/2019 - 23:22
Paris prosecutors are investigating allegations of what they called an improper acquisition of interest by Hugh Bailey, head of General Electric in France, who worked as an adviser to President Emmanuel Macron when he ran the economy ministry.

Tearful Ma bids Alibaba farewell with rock star show

Tue, 09/10/2019 - 23:06
A tearful Jack Ma formally left Alibaba on Tuesday, donning a guitar and a rock star wig at an event for thousands of employees of the e-commerce giant he founded 20 years ago in a small shared apartment in Hangzhou city in eastern China.

Saudi Aramco prepared for foreign float alongside main domestic listing

Tue, 09/10/2019 - 22:27
Saudi Aramco is primed to float on international markets to complement a planned primary listing at home, the Saudi Arabian oil giant's chief executive said on Tuesday.

WTO top court backs Japan in case against S.Korea duties

Tue, 09/10/2019 - 22:23
The World Trade Organization (WTO) Appellate Body on Tuesday broadly upheld an April 2018 panel ruling against South Korea's anti-dumping duties on imports of pneumatic valves from Japan.

Declining U.S. vacancies point to slowing job growth

Tue, 09/10/2019 - 22:08
U.S. job openings fell for a second straight month in July amid decreases in wholesale trade and the federal government, bolstering economists' views that job growth has peaked.

Yes Bank nears stake sale to tech firm to boost capital: CEO

Tue, 09/10/2019 - 21:52
India's Yes Bank is close to securing a deal to sell a minority stake to a global technology company to help boost its capital, the lender's chief executive said.

Boeing plane deliveries down 72% in August as MAX grounding weighs

Tue, 09/10/2019 - 21:27
Boeing Co handed over around a quarter as many planes in August as it did a year ago, pushing total deliveries so far this year down more than 40%, as the worldwide grounding of its best-selling 737 MAX jet enters its seventh month.

Technology hands start ups key to $5.1 trillion FX market

Tue, 09/10/2019 - 20:42
More than five years since global foreign exchange (FX) trading was tainted by a rigging scandal, a handful of banks are more dominant than ever and show no sign of weakening their grip on the $5.1 trillion-a-day electronic market.

Germany can pump 'many, many billions' into economy: Scholz

Tue, 09/10/2019 - 19:29
Germany is ready to pump "many, many billions of euros" into its economy to counter any significant slowdown in growth and the country must take bold measures to fight climate change before it's too late, Finance Minister Olaf Scholz said on Tuesday.

Alibaba set for 'big challenge' as flamboyant chairman Ma departs

Tue, 09/10/2019 - 19:24
Alibaba Group chairman Jack Ma will step down from the Chinese firm on Tuesday, leaving his handpicked successor a daunting task of steering the $460 billion juggernaut at a time when the market for its core e-commerce business has slowed sharply.

Goldman employee in India arrested over $5 million theft complaint: police

Tue, 09/10/2019 - 19:04
Indian police arrested a Goldman Sachs vice president on Tuesday after the Wall Street bank complained that he had tried to siphon more than $5 million of its funds, a police official said on Tuesday.

U.S. House panel to review DOJ automaker antitrust probe

Tue, 09/10/2019 - 05:23
The U.S. House Judiciary Committee plans to hold hearings and seek documents into the Justice Department's decision to open an antitrust investigation into four major automakers' voluntary agreement with California to adopt compromise vehicle emissions requirements.

Carmakers near CO2 cliff-edge in electrification race

Tue, 09/10/2019 - 04:41
Time is running out for European carmakers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply.

SoftBank urges WeWork to shelve IPO - FT

Tue, 09/10/2019 - 03:55
SoftBank Group Corp , the biggest outside shareholder in the We Company, is urging the WeWork owner to shelve its anticipated initial public offering after concerns over the valuation it can achieve in a listing, the Financial Times reported on Monday, citing sources familiar with the matter.

Top U.S. banks temper net interest income view, cite potential rate cuts

Tue, 09/10/2019 - 02:38
U.S. bank executives struck a cautious tone on Monday as they updated investors on how lower interest rates and an inverted yield curve would affect the year's profits.

Wall St. ends flat amid rate hopes, tech declines

Tue, 09/10/2019 - 02:34
U.S. stocks ended flat on Monday as increased expectations of stimulus from central banks around the world were offset by losses in technology and healthcare shares.

Global Markets: Stocks little changed, pound hits six-week high

Tue, 09/10/2019 - 01:57
A gauge of global stocks held near flat on Monday after bouncing between gains and losses as investors questioned whether likely stimulus measures from the world's central banks would be enough to deter slowing growth, while the pound hit a six-week high in choppy trading.

Oil gets boost as new Saudi minister commits to output cuts

Tue, 09/10/2019 - 01:06
Oil prices rose about 2% on Monday after the new Saudi energy minister, Prince Abdulaziz bin Salman, confirmed expectations that he would stick with his country's policy of limiting crude output to support prices.

'Volfefe': a volatility index for the Trump era

Mon, 09/09/2019 - 23:26
Traders know that when President Donald Trump tweets he can rock financial markets, often in unpredictable ways, but analysts at JP Morgan have now quantified the impact of his tweets, at least on the U.S. interest rates market.

Nissan's Saikawa bows to pressure, to quit as CEO on September 16

Mon, 09/09/2019 - 23:21
Nissan Motor Co CEO Hiroto Saikawa will resign on Sept. 16, the automaker said on Monday, bowing to pressure after he admitted to being improperly overpaid and marking further upheaval at a company battered by scandal and plunging profit.