Category Archives: business

Activist investor calls Hong Kong market rout

HONG KONG (Reuters) – Six weeks ago, David Webb, an activist investor and former director of the Hong Kong exchange, issued a report titled “The Engima Network: 50 stocks not to own”. On Tuesday, most of the shares he named abruptly plunged, pointing to chronic regulatory problems over small-cap shares

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Japan's Takata offers condolences to victims of faulty air bags

TOKYO (Reuters) – Japanese auto parts maker Takata Corp expressed condolences on Tuesday to victims of its faulty air bags linked to at least 16 deaths and 180 injuries around the world, but stopped short of offering a full apology.

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Deutsche Bank appoints ex-Ukraine boss new Russia head

MOSCOW (Reuters) – Deutsche Bank said on Monday it had appointed Borislav Ivanov as chief country officer for Russia and chairman of its local board.

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Portugal investigating fraud linked to Venezuela PDVSA funds, PDVSA says

CARACAS (Reuters) – Portugal is investigating alleged appropriation of funds belonging to Venezuelan state oil company PDVSA [PDVSA.UL] that were channeled through now-defunct Portuguese bank Banco Espirito Santo between 2009 and 2014, PDVSA said on Saturday.

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Oil's drop could leave a stain on earnings

NEW YORK (Reuters) – Heading into second-quarter earnings season, investors are looking for a continuation of strong U.S. company results to justify high stock valuations, now trading near their loftiest levels since 2004.

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Toshiba asks regulators for extension on financial filing

TOKYO (Reuters) – Toshiba Corp said on Friday it has asked regulators for an extension for filing its annual financial statement by over a month as it has not been able to obtain approval from its auditor.

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Eyes on AirAsia as Airbus looks for airshow comeback: sources

PARIS (Reuters) – Airbus has seen its rival Boeing grab most of the headlines at the Paris Airshow this week, but it could turn to AirAsia – one of its largest customers – to narrow the gap after the launch of a new Boeing plane, industry sources said.

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Emirates sees demand returning on U.S. routes weakened by Trump policies

PARIS (Reuters) – Emirates, the Middle East’s largest airline, is seeing a return in demand on routes to the United States that it had started to retreat from in May, President Tim Clark said on Wednesday.

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Whole Foods CEO hints at another brand under Amazon

(Reuters) – After Amazon.com Inc completes its takeover of high-end grocer Whole Foods Market Inc , it might launch another brand with different standards, the grocery chain’s chief executive said in remarks reported in a securities filing on Monday.

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Asia stocks shake off Wall St. blues, sterling steady pre-Brexit talks

SINGAPORE (Reuters) – Asian stocks rose on Monday, shaking off Wall Street’s subdued performance on Friday, and sterling was steady after a van rammed into worshippers leaving a London mosque, killing at least one person, as markets braced for the start of Brexit talks.

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