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Updated: 19 hours 29 min ago

Impossible Foods to trial plant-based sausage patty with Burger King

Tue, 01/07/2020 - 06:36
Impossible Foods Inc on Monday launched a plant-based sausage patty that will be tested in 139 Burger King restaurants later this month, entering a category dominated by rival Beyond Meat .

India plans to cut spending to curb deficit; may hurt growth

Tue, 01/07/2020 - 06:32
India's government is likely to cut spending for the current fiscal year by as much as 2 trillion Indian rupees as it faces one of the biggest tax shortfalls in recent years, three government sources said.

Boeing will reassign 3,000 workers as airlines reach compensation deals over MAX

Tue, 01/07/2020 - 06:25
Boeing Co said Monday that it will reassign 3,000 workers to other jobs as it halts production of the grounded best-selling 737 MAX jet in mid-January.

Uber, Hyundai Motor team up to develop electric air taxi

Tue, 01/07/2020 - 05:58
U.S. ride-hailing company Uber Technologies Inc and South Korean automaker Hyundai Motor plan to jointly develop electric air taxis, they said on Tuesday, joining the race for flying cars to ease urban congestion.

Carmaker Bentley returns to profitability as sales rise in 2019

Tue, 01/07/2020 - 05:40
British luxury carmaker Bentley returned to profitability in 2019, helped by a 5% sales increase after a strong performance in Europe and the Americas, the Volkswagen-owned brand said on Tuesday.

Gold surges on Mideast risk but stocks pare losses

Tue, 01/07/2020 - 03:01
Gold prices shot to an almost seven-year high on Monday as U.S.-Iranian tensions drove demand for safe-haven assets and pushed a gauge of global equity markets lower, but shares on Wall Street rebounded on a less worrisome view of events.

Ghosn took bullet train to Osaka en route to Lebanon - Kyodo

Tue, 01/07/2020 - 02:56
Former Nissan and Renault boss Carlos Ghosn began his astonishing escape from Japan with a bullet train ride from Tokyo to Osaka, possibly accompanied by several people, Japanese news agency Kyodo reported Monday.

Ghosn did not use French documents to travel to Lebanon - French minister

Tue, 01/07/2020 - 02:56
Former Nissan and Renault boss Carlos Ghosn did not use French travel documents to travel from Japan to Lebanon, French Foreign Minister Jean-Yves Le Drian said on Monday.

Wall St. edges higher as investors look past Middle East tensions

Tue, 01/07/2020 - 02:11
U.S. stocks were higher in afternoon trading on Monday as investors brushed aside worries about rising tensions in the Middle East and as shares of Amazon and Alphabet gained.

Gold soars as Middle East tensions brew 'perfect storm'

Tue, 01/07/2020 - 02:06
Gold surged on Monday to a near seven-year high as the U.S. killing of a top Iranian commander stirred fears of a wider conflict in the Middle East. Palladium surpassed $2,000 an ounce for the first time.

Xerox secures $24 billion financing for proposed HP takeover

Tue, 01/07/2020 - 01:21
Xerox Holdings Corp said on Monday it has secured $24 billion in financing for its $33.5 billion takeover offer for HP Inc , a deal that the personal computer maker is opposing.

HP had 'buyer's remorse' over ill-fated Autonomy deal, court hears

Tue, 01/07/2020 - 00:10
Hewlett-Packard suffered "buyer's remorse" over its disastrous $11 billion (8.36 billion pounds) acquisition of Autonomy and was trying to pin the blame on UK entrepreneur Mike Lynch, London's High Court heard on Monday in the closing stages of a multi-billion dollar case.

Louis Dreyfus owner pledged stake to raise $1 billion Credit Suisse loan

Tue, 01/07/2020 - 00:07
Margarita Louis-Dreyfus borrowed $1 billion from Credit Suisse last year to buy out minority shareholders of Louis Dreyfus Company (LDC), pledging her majority stake in the commodities trader as collateral, a company filing showed.

Global Markets: Gold, oil soar, shares slip as U.S. and Iran trade threats

Mon, 01/06/2020 - 08:34
A gauge of Asian shares was toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks.

BOJ's Kuroda says will guide policy carefully with eye on Iran tensions

Mon, 01/06/2020 - 08:26
Bank of Japan Governor Haruhiko Kuroda said on Monday the central bank would conduct monetary policy "carefully" while scrutinising overseas economic risks, such as escalating tensions between the United States and Iran.

Oil surges again after Trump threatens Iraq sanctions, Iran retaliation

Mon, 01/06/2020 - 08:19
Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.

Oil surges again after Trump threatens Iraq sanctions, Iran retaliation

Mon, 01/06/2020 - 07:58
Oil prices shot more than 2% higher on Monday, with Brent rising above $70 a barrel, after U.S. President Donald Trump issued a threat to impose sanctions on Iraq amid escalating tensions with Iran in the Middle East.

Gold, oil soar, shares slip as U.S. and Iran trade threats

Mon, 01/06/2020 - 07:45
A gauge of Asian shares was toppled from an 18-month top on Monday as heightened Middle East tensions sent investors scurrying for the safety of gold, which hit a near seven-year high while oil jumped to four-month peaks.

China's services sector expands at slower pace in December as confidence dips - Caixin PMI

Mon, 01/06/2020 - 07:34
China's services sector expanded at a slower pace in December following a strong rebound in the previous month, with business confidence falling to the second lowest on record despite a pick-up in new orders, a private survey showed on Monday.

Japan's December factory activity contracts at faster pace as output slumps - PMI

Mon, 01/06/2020 - 06:14
Japanese manufacturing activity shrank at a faster pace in December than in the previous month as output slumped, underscoring growing pressure on businesses from sagging demand abroad and at home.

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