It has been a bloody last week that wipe out the entire gains since mid-December. Now with the bear appearing in full force, is this just a pullback to continue the uptrend or is this a potential change of trends? What can happen this week that can change the market? This week highlighted several futures, […]
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BBC News – Business- China has more 'unicorn' start-ups than the USThe country now has the world's highest number of start-up companies worth more than $1bn.
- 'I wish the bank had asked about my spending'Banks are being urged to step in to protect those with mental health issues, but there are privacy concerns.
- Green number plates planned for electric carsThe plan means it will be easier to offer incentives such as cheaper parking for zero-emission cars.
- Thomas Cook used its auditors to justify £5m bonusThe bonus, paid to former boss Manny Fontenla-Novoa, followed a heavily-criticised merger.
- Exxon accused of misleading investors on climate changeNew York State and the oil giant will now face each other in court in New York over the claim.
- Facebook reveals preparations for UK electionThe tech giant has set out extra measures for fighting the spread of disinformation.
- Drugs firms reach $260m US opioid settlementFour drugs companies avoid a trial over their role in the US opioid crisis by striking a deal.
- American Airlines London flight diverted after 'chemical spillage'Medics examined crew and passengers after a cleaning solution spill, American Airlines said.
- Asda's contract changes are 'just not fair'The supermarket chain says it will fire staff who do not sign up to new terms and conditions.
- Waitrose and John Lewis to stop putting plastic toys in Christmas crackersThe company also plans to ban plastic glitter from its own-brand Christmas range by December 2020.
- China has more 'unicorn' start-ups than the US
- Reuters: Business News
- Chinese vice foreign minister says progress made in trade talks with U.SChina and the United States have achieved some progress in their trade talks, Vice Foreign Minister Le Yucheng said on Tuesday, and any problem could be resolved as long as both sides respected each other.
- UBS tightens investment banking belt as earnings slide continuesSwiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group's 2019 profit goals further out of reach.
- Sunrise's $6.4 billion takeover of UPC teeters as rights issue collapsesSunrise Communications Group bowed to investor pressure on Tuesday and scrapped a rights issue needed to complete its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global's Swiss cable business UPC.
- Arla's CFO steps down to take up position at Ahold DelhaizeArla Foods, one of the world's largest dairy firms, said on Tuesday that Chief Financial Officer Natalie Knight will leave the company at the end of February because she is moving to Belgian food retailer Ahold Delhaize .
- China will keep door open to foreign investment, global industry despite trade warChina will take steps to safeguard its interests, but won't close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday.
- Infosys probes alleged 'unethical practices' by top officials; shares sinkInfosys Ltd said it was investigating whistleblower claims accusing its top two executives of "unethical practices" to boost short-term profit, sending its shares to their worst intraday fall in over six years.
- Fintech Revolut to launch in the U.S. by year-end with Mastercard dealDigital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday.
- Oil slips as demand concerns outweigh U.S.-China trade optimismOil prices edged lower on Tuesday as lingering worries over a global economic slowdown that could hurt demand offset some signs of progress in U.S.-China trade talks.
- Diaper rush: conquering a $9 billion market no one wants to talk aboutThe time may not be far off when more adults need diapers than babies as the population grows older, potentially a huge opportunity for manufacturers of incontinence products - if they can lift the stigma that has long constrained sales.
- UBS, authorities eye client overcharges in Singapore and Hong KongUBS is working with relevant authorities to address inappropriate spreads it may have charged wealthy clients whose money was booked in Hong Kong and Singapore in debt securities transactions, it said in its third-quarter report on Tuesday.
- Chinese vice foreign minister says progress made in trade talks with U.S