Focus squarely on Trump as Dec 15 tariffs loom in US-China trade war
U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.
How Uber drains carmaker profits in Latin America’s biggest market
Like many Uber drivers in Sao Paulo, the ride-hailing app’s busiest city in the world, Augusto Caio Pereira does not actually own or lease the car he nudges through the city’s notorious traffic jams every day.
IATA cuts 2019 airline profit forecast, sees stability in 2020
Airline profits are on course to fall faster than expected in 2019 as trade wars hit global commerce and broader confidence, the industry’s main global body said on Wednesday, while predicting a modest recovery next year.
Thyssenkrupp’s elevator unit moves to boost margins ahead of sale
Thyssenkrupp’s elevator unit, which has been put up for sale by the ailing conglomerate, will cut costs, add lucrative service contracts and boost factory efficiency in a bid to raise margins and increase its appeal to potential buyers.
Boost for Saudi Arabia as Aramco shares surge 10% on debut
Saudi Aramco shares surged the maximum permitted 10% above their IPO price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
Timeline: Saudi Aramco’s winding road to an IPO
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
Oil prices fall as U.S. crude stocks jump
Oil prices fell on Wednesday after industry data showed an unexpected build-up of U.S. crude inventories and as investors waited to see if a fresh round of U.S. tariffs on Chinese goods would come into force on Sunday.
Germany confirms it will repay customers of insolvent Thomas Cook
The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator’s insurance coverage was not sufficient.
European stocks slip as trade deadline looms
European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.
Aramco IPO to help Saudi economy shift from oil: finance minister
Saudi Aramco’s listing will boost the kingdom’s efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure foreign capital, the finance minister said.
