Take Five: Ding dong markets merrily on high
As end-December approaches, money market players’ thoughts may be turning to a September scare, when rates in the $2.2 trillion U.S. repurchase or repo market spiked to 10%, boosting the premium to borrow dollars. The fear is a bigger crunch may erupt …
Wall Street analysts bullish over Nike’s digital growth, look past margin weakness
Wall Street analysts were upbeat about Nike Inc’s long-term growth, encouraged by the sportswear maker’s robust online sales and strength in China that helped overcome slowing demand in North America, its biggest market.
Veteran watchdog Bailey to guide Bank of England through Brexit
Britain’s new government named Andrew Bailey as the Bank of England’s next boss on Friday, entrusting a veteran regulator and technocrat with steering the economy and its vast finance industry through Brexit.
Stock futures at record high as trade optimism lingers
U.S. stock index futures ticked to fresh record highs on Friday as investors stayed optimistic that Washington and Beijing would sign a long-awaited trade treaty early in the new year.
Aramco, Alibaba rescue sluggish 2019 global ECM market
Giant listings by Saudi Aramco and Alibaba rescued a sluggish year for equity capital markets (ECM) in 2019 after a string of shelved initial public offerings (IPOs) and share price slumps.
French telco Orange found guilty over workers’ suicides in landmark ruling
French telecoms group Orange and its former CEO Didier Lombard were guilty of “moral harassment” that prompted a spate of suicides during a restructuring at the company in the late 2000s, a Paris court ruled on Friday.
Just Eat backs Takeaway.com’s final offer in bidding war
Just Eat backed a final all-share offer from Takeaway.com and rejected a rival cash bid from Prosus on Friday, saying a tie-up with Takeaway to create one of the leading online food delivery companies was compelling.
J&J to buy remaining stake in Verb Surgical to strengthen digital surgery portfolio
Johnson & Johnson said on Friday it would acquire the remaining stake in Verb Surgical Inc, from Verily, Alphabet Inc’s life sciences division.
Graphic: For veteran Netflix shareholders, it’s been a very good decade
For long-term shareholders of Netflix , the end of December marks an extremely rewarding decade.
Stocks hit record high, sterling endures rough week
World stocks touched record highs on Friday, as trading wound down before the year-end holidays, while the British pound was heading toward its worst week for more than two years amid renewed worries over how Britain will leave the European Union.
