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Updated: 9 hours 30 min ago

Japan's Suntory joins rival Coca Cola to push Vietnam on plastic recycling

Tue, 06/25/2019 - 22:11
Japanese beverage giant Suntory Holdings said it would work with rival Coca-Cola as well as Nestle to push the government in Vietnam, among the biggest contributors to plastic waste in the ocean, to create a large-scale recycling system.

Wall Street sinks on trade jitters ahead of Powell speech

Tue, 06/25/2019 - 22:07
Wall Street lost ground on Tuesday as simmering geopolitical and trade concerns, combined with disappointing economic data, kept buyers at bay and investors looked to remarks from U.S. Federal Reserve chair Jerome Powell expected later in the session.

Troubled mortgage lender DHFL again misses debt payments

Tue, 06/25/2019 - 22:04
Indian mortgage lender Dewan Housing Finance Corp Ltd (DHFL) said it had only been able to make a 40 percent payment on unsecured commercial papers due on Tuesday, but vowed to pay the remaining 2.25 billion rupees ($32.49 million) in the coming days.

Zimbabwe's Mnangagwa says currency reforms needed to restore normalcy to economy

Tue, 06/25/2019 - 21:52
Zimbabwe President Emmerson Mnangagwa said on Tuesday that the decision to ban the use of foreign currencies and make the interim currency the sole legal tender was needed to restore normalcy to the struggling economy.

Global Fashion Group postpones initial public offering

Tue, 06/25/2019 - 21:44
Global Fashion Group (GFG), an online fashion retailer focused on Asia and Latin America, is postponing its initial public offering until July, which sources close to the matter said was due to low investor demand.

Oil prices tick up ahead of U.S. crude stock data

Tue, 06/25/2019 - 21:25
Oil prices edged up on Tuesday as investors expected U.S. data due shortly to show declining crude stocks, which outweighed concerns over U.S.-China trade tensions that could weigh on fuel demand.

AbbVie looks beyond Humira with $63 bln deal for Botox-maker Allergan

Tue, 06/25/2019 - 21:15
Drugmaker AbbVie Inc said on Tuesday it would buy Botox-maker Allergan Plc for about $63 billion, grabbing control of the biggest name in medical aesthetics to help reduce its reliance on blockbuster arthritis treatment Humira.

Apple says it collects fee on less than 1% of Spotify users

Mon, 06/24/2019 - 23:08
Music streaming service Spotify Technology SA pays Apple Inc a 15% fee on about 680,000 of its 100 million premium customers, Apple disclosed in a response to Spotify's complaint with European antitrust regulators.

Centene, WellCare win shareholder support for $15.27 billion deal

Mon, 06/24/2019 - 23:06
Shareholders of Centene Corp and WellCare Health Plans Inc voted in favor of a merger of the health insurers, setting the stage for the creation of a major new player in government-sponsored healthcare plans.

Bitcoin trades above $11,000, after 10% weekend jump

Mon, 06/24/2019 - 23:05
Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.

Wall St. flat as healthcare losses limit tech gains

Mon, 06/24/2019 - 22:43
Wall Street's main indexes were flat on Monday, as losses in healthcare stocks offset gains in the technology sector, while investors awaited a high-stakes meeting between U.S. and Chinese leaders at the G20 summit later this week.

Eldorado Resorts takes on bigger rivals with $8.5 billion Caesars buy

Mon, 06/24/2019 - 22:30
U.S. casino operator Eldorado Resorts Inc has agreed to buy rival Caesars Entertainment Corp for about $8.5 billion in cash and stock, as it looks to build scale to take on larger companies such as Las Vegas Sands and Wynn Resorts.

U.S. Supreme Court invalidates law banning foul language trademarks

Mon, 06/24/2019 - 22:18
The Supreme Court on Monday struck down a longstanding U.S. ban on trademarks on "immoral" or "scandalous" words and symbols, ruling in a case involving a clothing brand with an indelicate name that the law violates constitutional free speech rights.

Sri Lanka's likely to raise $2 billion via sovereign bonds - government officials

Mon, 06/24/2019 - 22:07
Sri Lanka is likely to raise $2 billion through 5-year and 10-year sovereign bonds launched on Monday, two government officials told Reuters, as the Indian Ocean island nation tapped global capital markets for the second time in three months.

JetBlue sues Walmart for trademark infringement over Jetblack service

Mon, 06/24/2019 - 22:05
JetBlue Airways Corp has sued Walmart Inc for trademark infringement, in an effort to stop the world's largest retailer from using the name Jetblack for its text-based personal shopping service.

FedEx confirms Huawei mail ban as new "mistake" reignites Chinese ire

Mon, 06/24/2019 - 21:56
FedEx Corp has apologised for another Huawei delivery "mistake," reigniting Chinese ire and drawing the fire of state media which suggested the U.S. delivery firm could end up on China's upcoming list of companies that harm national interests.

Timeline: Key dates for Britain's Brexit crisis

Mon, 06/24/2019 - 21:53
Britain is due to appoint a new prime minister and attempt to renegotiate the terms of its Brexit deal, all before Oct. 31, when it is scheduled to leave the European Union.

Global stocks mostly flat ahead of G20; dollar slips

Mon, 06/24/2019 - 21:48
Global equity markets traded mostly flat on Monday as investors awaited U.S.-China trade talks this week at the G20 summit, and the dollar fell to three-month lows on bets the Federal Reserve may cut interest rates more than once this year.

Amazon's new beauty store for professionals poses threat to beauty retailers

Mon, 06/24/2019 - 21:39 Inc on Monday unveiled its online professional beauty store to sell supplies to licensed professional stylists, barbers and estheticians, weighing on shares of other beauty retailers.

Jumia Food looks beyond Africa's middle class for growth

Mon, 06/24/2019 - 21:37
Jumia Food, a unit of New York-listed e-commerce platform Jumia Technologies is offering cheaper menu options in its African home market to attract lower income earners as it seeks to boost growth, the delivery company said.