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Updated: 1 hour 14 min ago

Timeline: LSE - A story of failed mega-mergers

Fri, 09/13/2019 - 14:02
The London Stock Exchange emphatically rejected a $39 billion takeover offer from the Hong Kong bourse on Friday, opting to stick with its planned purchase of data and analytics group Refinitiv.
Categories: Financial Media

WeWork curbs CEO's voting power in bid to boost IPO prospects

Fri, 09/13/2019 - 13:12
WeWork owner The We Company said on Friday it has curbed the voting power of founder and CEO Adam Neumann, part of changes to its corporate governance aimed at reviving demand for its planned initial public offering.
Categories: Financial Media

Kone open to co-shareholding with Thyssenkrupp in elevator deal: Bloomberg

Fri, 09/13/2019 - 13:08
Finland's Kone is open to a co-shareholding structure in a potential deal to merge with Thyssenkrupp's elevator division, its chief executive told Bloomberg News.
Categories: Financial Media

London Stock Exchange rejects Hong Kong's $39 billion takeover offer

Fri, 09/13/2019 - 12:52
London Stock Exchange has rejected Hong Kong Exchange's $39 billion takeover offer, opting to stick with its planned purchase of data and analytics group Refinitiv.
Categories: Financial Media

Milan bourse strategic for Italy due to MTS bond trading platform: minister

Fri, 09/13/2019 - 12:52
Italy's new economy minister said on Friday that the Milan bourse, which is part of the London Stock Exchange Group , is a strategic asset because it controls domestic government bond trading platform MTS.
Categories: Financial Media

Ford, GM rev up electric pickup trucks to head off Tesla

Fri, 09/13/2019 - 12:45
Large pickup trucks that tow most of the profits in to Ford Motor Co and General Motors Co are holdovers from another century - with heavy ladder frames and big internal combustion engines in the front driving the wheels in the back.
Categories: Financial Media

Futures rise as investors cheer trade progress

Fri, 09/13/2019 - 12:38
U.S. stock index futures rose on Friday as new signs of progress in trade relations between the United States and China comforted markets, which have been rankled by a prolonged stand off between the world's two largest economies.
Categories: Financial Media

India police probing AB InBev in New Delhi tax evasion case

Fri, 09/13/2019 - 12:24
Police in India's capital New Delhi are probing a case of alleged tax evasion involving Anheuser-Busch InBev , according to a police officer and a document seen by Reuters, a setback for the brewer already battling a three-year city ban.
Categories: Financial Media

Trump trade-war aid sows frustration in farm country

Fri, 09/13/2019 - 12:13
The U.S. government is paying Texas cotton farmer J. Walt Hagood $145 an acre for losses related to U.S. President Donald Trump's trade policies. But Minnesota soybean farmer Betsy Jensen will get just $35 an acre.
Categories: Financial Media

Shares, bond yields perch at six-week highs

Fri, 09/13/2019 - 10:39
World shares climbed to a six-week high alongside benchmark government bond yields on Friday, as markets cheered signs of progress in U.S.-China trade talks and another powerful slug of stimulus from the European Central Bank.
Categories: Financial Media

Japan Post Bank admits improper sales to elderly clients, discovers 19,500 cases

Fri, 09/13/2019 - 08:56
Japan Post Bank Co Ltd said on Friday it had improperly sold investment trust products to elderly customers in about 19,500 cases, the latest instance of misconduct at the state-backed postal and financial group before a planned share sale.
Categories: Financial Media

Asia shares at six-week high on trade progress, ECB easing

Fri, 09/13/2019 - 07:51
Asian stocks climbed to their highest in six weeks on Friday, as signs of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped to calm fears of a global economic slowdown.
Categories: Financial Media

Record low rates deliver competitive advantages to Australia's biggest banks: regulator

Fri, 09/13/2019 - 04:29
Australia's banking watchdog on Friday said record-low interest rates are likely to benefit the country's "Big Four" lenders over their smaller counterparts due to their better capital position and access to cheaper funds.
Categories: Financial Media

Asian shares advance on U.S.-China trade progress, ECB easing

Fri, 09/13/2019 - 03:43
Asian stocks advanced on Friday as hints of progress in U.S.-China trade talks and aggressive stimulus from the European Central Bank helped counter worries about a global economic slowdown.
Categories: Financial Media

White House moving forward to strip California of vehicle authority: sources

Fri, 09/13/2019 - 02:52
The Trump administration is moving forward with a plan to revoke California's authority to set its own vehicle greenhouse gas standards and declare that states are pre-empted from setting their own vehicle rules, three people briefed on the matter said on Thursday.
Categories: Financial Media

Uber is sued over resistance to California 'gig' employment law

Fri, 09/13/2019 - 02:22
A driver for Uber has sued the company for misclassifying its drivers as independent contractors, hours after California legislators voted to help thousands of those workers become, and enjoy the benefits of being, employees.
Categories: Financial Media

WeWork considering curbing Neumann's voting power to save IPO: source

Fri, 09/13/2019 - 02:20
WeWork owner The We Company's executives, investors and advisers are discussing curbing the voting power of founder Adam Neumann and removing his co-founder wife from a role in succession planning, a person familiar with the matter said on Thursday.
Categories: Financial Media

Trump says he will unveil 'middle-income' tax plan in 2020

Fri, 09/13/2019 - 01:34
U.S. President Donald Trump said on Thursday his administration would unveil a tax overhaul plan aimed at middle-income households next year, amid the 2020 presidential election.
Categories: Financial Media

U.S.-China trade war risks driving Fed policy, not Trump's carping: economists

Fri, 09/13/2019 - 01:10
The U.S.-China trade war will worsen or at best stay the same over the coming year, according to economists in a Reuters poll who expect the Federal Reserve to cut interest rates next week for the second meeting in a row.
Categories: Financial Media

Trump favors 'whole deal' with China, two sides prepare for trade talks

Fri, 09/13/2019 - 00:47
President Donald Trump said on Thursday he preferred a comprehensive trade deal with China but did not rule out the possibility of an interim pact, even as he said an "easy" agreement would not be possible.
Categories: Financial Media