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Updated: 10 hours 5 min ago

SoftBank Corp CEO says WeWork Japan can become profitable 'in near future'

Tue, 11/05/2019 - 13:51
SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork's Japanese business can become profitable "in the near future".

At Smithfield Foods' slaughterhouse, China brings home U.S. bacon

Tue, 11/05/2019 - 13:49
Smithfield Foods' slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources.

Watchdog warns UK fund managers to avoid Woodford liquidity trap

Tue, 11/05/2019 - 13:46
Asset managers must ensure effective liquidity management of their funds, even where investment decisions have been delegated to others, Britain's Financial Conduct Authority said.

Give or take a trillion - Investors still in the dark on Saudi Aramco value

Tue, 11/05/2019 - 13:45
Saudi Aramco's blockbuster listing remained shrouded in mystery on Monday, a day after the company finally announced its plans, with scant details disclosed and expert valuations varying wildly from around $1.2 to $2.3 trillion.

British Airways-owner looks westward with 1 billion euros Air Europa purchase

Mon, 11/04/2019 - 16:12
British Airways owner IAG said on Monday it had agreed to buy Spanish carrier Air Europa for 1 billion euros ($1.12 billion) in cash, bolstering its ability to compete for European travel to Latin America and the Caribbean through Madrid.

IndiGo says systems back to normal after outage hits flyers

Mon, 11/04/2019 - 16:11
India's largest airline IndiGo said on Monday its flights and check-in systems were running normally, after an hours-long outage hit operations at airports, leading to long queues and hassling passengers.

Ryanair to seek divestments as part of IAG's Air Europa purchase

Mon, 11/04/2019 - 16:10
Ryanair is to ask competition authorities to force British Airways owner IAG to make divestments as part of its purchase of Air Europa, chief executive Michael O'Leary said on Monday.

Saudi Aramco value in bank research varies by more than $1 trillion - sources

Mon, 11/04/2019 - 16:01
Valuations for Saudi Aramco vary by more than $1 trillion (£774 billion), according to fund managers who have seen banks' research, underscoring the uncertainty hanging over what could be the world's largest stock market listing.

Ryanair growth to stall on further Boeing jet delays

Mon, 11/04/2019 - 15:54
Ryanair expects further delay to its Boeing MAX 737 deliveries and may still be without the jets next summer, it said on Monday after half-year results that gave the Irish airline's shares a 7% uplift.

Trade deal hopes boost stocks as recession fears recede

Mon, 11/04/2019 - 15:46
World shares touched a 21-month high on Monday on signs that the United States and China could soon put an end to a damaging trade war as well as indications that the world may yet dodge an economic recession.

Chinese official says breakthroughs made in Asia trade talks

Mon, 11/04/2019 - 15:34
A Chinese official on Monday said breakthroughs have been made in negotiations for an Asia-wide trade pact that would be the world's biggest trade deal, though he said consultations with India are still going on.

UK construction slide barely slows in October - PMI

Mon, 11/04/2019 - 15:26
British construction activity shrank for the sixth month in a row in October, and at one of the fastest rates since the 2009 financial crisis, as Brexit worries and a general economic slowdown held back growth.

Burger King's India unit looks to raise 4 billion rupees in IPO

Mon, 11/04/2019 - 15:11
The Indian arm of fast-food chain Burger King has filed for an initial public offering (IPO) to raise up to 4 billion rupees ($56.58 million) via the issue of new shares, according to a draft prospectus seen by Reuters.

McDonald's ousts CEO over consensual relationship with employee

Mon, 11/04/2019 - 14:45
McDonald's Corp dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the fast-food giant said on Sunday.

Euro zone October factory activity stuck in reverse as demand declines - PMI

Mon, 11/04/2019 - 14:39
Euro zone factory activity contracted sharply last month as demand was again whacked by a trade war being waged by the United States and by the continued lack of clarity over Britain's departure from the European Union, a survey showed.

German manufacturing stuck in recession, factory job losses accelerate - PMI

Mon, 11/04/2019 - 14:33
Germany's manufacturing sector remained stuck in recession in October as new orders fell for the 13th month running and factories slashed jobs at the fastest pace in almost 10 years, a survey showed on Monday.

French factory activity expands slightly in October - PMI

Mon, 11/04/2019 - 14:32
French manufacturing activity expanded in October, helped by the fastest rise in output since June, as the euro zone's second-biggest economy shows signs of resilience in the face of an uncertain global economy.

Saudi Aramco kick-starts what could be world's biggest IPO, offers scant details

Mon, 11/04/2019 - 14:28
By Rania El Gamal, Marwa Rashad, Saeed Azhar and Davide Barbuscia

Timeline: Saudi Aramco's winding road to an IPO

Mon, 11/04/2019 - 14:28
Saudi Aramco has finally kick-started its initial public offering (IPO), nearly four years after Crown Prince Mohammed bin Salman first presented the idea.

Euro dips before Lagarde speaks but hopes for tariff reprieve lend support

Mon, 11/04/2019 - 14:19
The euro edged down on Monday as investors awaited Christine Lagarde's first speech as European Central Bank president, but hopes that the United States may choose not to impose tariffs on auto imports kept it near its highest level in weeks.