World stocks sink as China slowdown deepens, German economy weak
World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
Oil up 1% on U.S. crude stocks fall, OPEC comments on U.S. shale growth
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
Alibaba’s Hong Kong listing offers valuable Beijing goodwill
Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
WPP says acquisitions back on agenda after Kantar sale
Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.
Ford to start taking reservations for electric SUV next week
Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday.
Qatar Airways signs $4 billion CFM engine order
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos.
Danish prosecutor charges Danske Bank for overcharging customers
Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.
Singapore fines UBS $8 million over deceptive bond trades
Singapore said on Thursday it had fined UBS S$11.2 million ($8 million) after investigations showed the Swiss bank deceived wealthy clients over prices for bonds and structured products.
SoftBank’s Yahoo Japan in merger talks with Line, shares jump
SoftBank’s Yahoo Japan is in talks to merge with messaging app operator Line Corp to create a $27 billion tech giant and help the Japanese conglomerate expand e-commerce and payments services.
Alibaba to pioneer paperless listing in break with Hong Kong norm
Alibaba’s planned $13.4 billion share sale will be Hong Kong’s first paperless stock market listing, a source with knowledge of the matter said, breaking with a long-held tradition of investors placing stock orders in bank branches.
