This week is going to be a very interesting week with so many news coming out to the market that can greatly affect the month of August. Bulls are fighting really hard to stay ahead and bears could be potentially lurking around the corner. Will this week spark a catalyst to tilt one of them […]
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BBC News – Business- Asbestos discovery triggers Johnson & Johnson baby powder recall in USThe firm recalls one batch after regulators find trace amounts of asbestos in a bottle bought online.
- Barclays board approved 'sham' Qatar dealBarclays' board approved an agreement at the heart of fraud charges against former executives, a court hears.
- US Airbus row: European goods hit by new US tariffsWine, cheese and cashmere jumpers are among the EU items that have gone up in price in the US.
- Sainsbury's to stop selling fireworksThe supermarket is the first to end sales amid calls for a ban to protect pets and the vulnerable.
- China economy: Third quarter growth misses expectationsThe world's second largest economy is battling a trade war with the US and slowing domestic demand.
- IMF: What is it and why does it matter?The annual meeting of the IMF gets under way in Washington this week.
- Banning out-of-hours email 'could harm employee wellbeing'Stopping staff accessing email outside the office could leave some feeling stressed, research suggests.
- Savile Row in firing line as US tariffs hit the UKBritish luxury goods are targeted by the US as new taxes on exports take effect.
- NBA facing 'substantial' losses over China disputeThe US basketball league pays the price for comments backing pro-democracy protesters in Hong Kong.
- Facebook chief rules out banning political advertsMark Zuckerberg says he does not think it is right for a company to censor politicians or the news.
- Asbestos discovery triggers Johnson & Johnson baby powder recall in US
- Reuters: Business News
- Vivendi shares rise as UMG stake sale attracts interestShares in French media group Vivendi jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting buyer interest.
- Cathay Pacific shelves U.S. dollar bond plans amid Hong Kong unrestCathay Pacific Airways Ltd has shelved plans for its first U.S. dollar debt deal in 23 years, the airline said on Friday, after sources told Reuters that global investors had baulked at the pricing due to civil unrest in Hong Kong.
- Credit Suisse to start charging wealthy clients for cash depositsCredit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
- Renault shares slump after carmaker issues sales warningRenault shares slumped on Friday after the French carmaker cut its revenue guidance for 2019 and lowered its profitability forecast.
- Oil ebbs as China's slowest GDP growth in almost three decades stokes demand fearsOil prices slid on Friday on jitters over demand from China after the world's largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.
- Holiday Inn-owner IHG bruised by weak bookings in China, Hong KongHoliday Inn-owner InterContinental Hotels Group blamed lower business bookings in China and protests in Hong Kong for a 0.8% fall in quarterly revenue per room on Friday, the latest company to be pinched by weaker global travel.
- Saudi Aramco delays planned IPO until after earnings update: sourcesSaudi Aramco has delayed the planned launch of its initial public offering in hopes that pending third-quarter results will bolster investor confidence in the world's largest oil firm, two sources familiar with the matter said on Thursday.
- Asian shares slump after weak China GDP, pound retreatsAsian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal.
- AB Volvo truck orders tumble as markets hit brakes in third-quarterSweden's AB Volvo on Friday reported a sharp fall in order intake of its trucks in the third quarter and forecast slumping market demand on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.
- Factbox: Dutch pension pots stand out among global retirement fundsThe world's rich nations face a double-whammy, with ageing populations meaning more retirees -- just as low and negative interest rates make it harder for pension funds to secure the investment returns needed to fill up their coffers.
- Vivendi shares rise as UMG stake sale attracts interest