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Updated: 9 hours 22 min ago

Apple may spark upgrade rush with new iPhones, tight pricing

Mon, 09/09/2019 - 23:19
Apple Inc could sell as many as 200 million of its latest iPhones from existing users upgrading their older devices and much of that demand will come from China despite an ongoing trade war, several Wall Street analysts said on Monday.

Ferrari mixes sport with power in new Spider and GTS models

Mon, 09/09/2019 - 22:53
Italy's Ferrari showed off two new cars on Monday as it pursues an aggressive roll-out of new premium models to sustain turbo-charged core earnings and share price growth.

Saudi Aramco pursues IPO with local listing plan as lines up banks: sources

Mon, 09/09/2019 - 22:05
By Hadeel Al Sayegh, Davide Barbuscia, Marwa Rashad and Clara Denina

Exclusive: Saudi plans gradual listing at home for Aramco - sources

Mon, 09/09/2019 - 21:59
Saudi Arabia plans to list 1% of state oil giant Saudi Aramco on the Riyadh stock exchange before the end of 2019 and another 1% in 2020, sources familiar with the matter told Reuters.

BA pilots strike grounds 1,700 flights in latest blow to airline

Mon, 09/09/2019 - 21:32
Nearly all British Airways (BA) flights were grounded by its first ever pilots strike on Monday, disrupting the travel plans of thousands of passengers in a dispute over pay.

U.S. FDA warns Juul over its marketing practices

Mon, 09/09/2019 - 21:16
The U.S. Food and Drug Administration said on Monday it had issued a warning letter to Juul Labs Inc over its marketing practices for e-cigarettes, the latest in the agency's efforts to curb the use of the devices that have become extremely popular among teens.

Chinese President Xi Jinping to visit Brazil in November for BRICS summit

Mon, 09/09/2019 - 21:09
Brazil's Vice President Hamilton Mourao said on Monday that Chinese President Xi Jinping will visit Brazil in November, as the two nations seek to strengthen political and economic ties at a time of global trade tensions.

Mnuchin hopes for congressional support for U.S. housing reforms within six months

Mon, 09/09/2019 - 20:44
U.S. Treasury Secretary Steven Mnuchin said on Monday the Trump administration would take administrative measures to overhaul mortgage giants Fannie Mae and Freddie Mac if it failed to secure congressional support for its plan within six months.

Indian tribunal overturns audit ban on Price Waterhouse

Mon, 09/09/2019 - 20:32
An Indian tribunal on Monday overturned an order by the market regulator banning the Indian affiliate of accounting giant PwC from auditing listed companies in the country for two years over its role in a nearly decade-old accounting fraud case.

Kone drafts Hengeler Mueller for Thyssenkrupp elevator deal: sources

Mon, 09/09/2019 - 20:22
Finland's Kone has hired German law firm Hengeler Mueller to advise it on a planned takeover bid for Thyssenkrupp's elevator division, two people familiar with the matter said.

Essar Oil UK aims to lift share of U.S. oil refining to 40%

Mon, 09/09/2019 - 20:08
Essar Oil UK aims to lift processing of U.S. oil at its 200,000 barrels per day Stanlow refinery by March to 40% from 35% currently, its CEO S. Thangapandian said on Monday.

U.S. will sanction whoever purchases Iran's oil: official

Sun, 09/08/2019 - 23:37
The United States will continue to impose sanctions on whoever purchases Iran's oil or conducts business with Iran's Revolutionary Guards and no oil waivers will be re-issued, a U.S. official said on Sunday.

JPMorgan close to winning lead advisory role for Saudi Aramco IPO: source

Sun, 09/08/2019 - 23:28
JPMorgan Chase & Co is close to winning the lead advisory role for Saudi Aramco's initial public offering, a source familiar with the situation said on Sunday.

Dorian industry insured losses seen in several billions of dollars: Munich Re

Sun, 09/08/2019 - 21:02
Insured losses from Hurricane Dorian are expected to total several billions of dollars, German reinsurer Munich Re said on Sunday.

Nissan CEO Saikawa tells some executives he plans to resign: Nikkei

Sun, 09/08/2019 - 20:36
Nissan Motor Co Chief Executive Hiroto Saikawa has told some executives he plans to resign, the Nikkei newspaper reported on Sunday, in what would mark the latest upheaval over governance at the troubled Japanese automaker.

Greece to submit request on early IMF loan repayment this week: PM

Sun, 09/08/2019 - 17:01
Greece's finance minister will submit an official request to his eurozone peers this week to repay a loan to the International Monetary Fund, Prime Minister Kyriakos Mitsotakis told reporters on Sunday.

Eurogroup head warns new Italy government over 2020 budget

Sun, 09/08/2019 - 14:54
Italy's new government should not challenge European Union fiscal rules when it submits its draft 2020 budget to Brussels next month, the head of the euro zone finance ministers, Mario Centeno, said.

China's August exports unexpectedly shrink as U.S. shipments slump

Sun, 09/08/2019 - 12:44
China's exports unexpectedly fell in August as shipments to the United States slowed sharply, pointing to further weakness in the world's second-largest economy and underlining a pressing need for more stimulus as the Sino-U.S. trade war escalates.

UAE energy minister says oil producers are 'committed' to balancing market

Sun, 09/08/2019 - 11:45
United Arab Emirates Minister of Energy and Industry Suhail al-Mazrouei said on Sunday that OPEC and non-OPEC producers are "committed" to achieving oil market balance, when asked about possible deeper cuts to production levels.

Stockpiles of tomatoes? UK retailers bristle at demands of no-deal Brexit

Sun, 09/08/2019 - 11:35
A British demand for supermarkets to prepare for a potentially chaotic no-deal Brexit by stockpiling food is stoking anger in the industry, with bosses saying they should not be blamed if people can't find everything they want on the shelves.