China’s Jingye enters sale contract with British Steel
China’s Jingye Steel has entered into a “sales contract” to buy the assets of British Steel but the deal has not been finalised, British officials said on Monday.
Wall Street set for weak open as Trump, Hong Kong sour mood
Wall Street’s main indexes were set to retreat at the open on Monday as comments by President Donald Trump dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries.
Oil falls after Trump plays down optimistic China trade reports
Oil prices dipped on Monday after U.S. President Donald Trump appeared to play down reports of an imminent lifting of tariffs in a protracted U.S.-Chinese trade war.
Google launches smart device in Brazil in new challenge to Amazon
Alphabet Inc’s Google is bringing to Brazil the latest version of its own smart device Google Nest, with plans to start selling it in major online and brick-and-mortar retailers in the country as of Tuesday.
Stock futures fall as Trump, Hong Kong weaken mood
U.S. stock index futures fell on Monday as President Donald Trump’s comments dampened expectations around a U.S.-China trade deal, while escalating violence in Hong Kong added to investor worries.
Uber’s Latin American stronghold pursued by SoftBank-funded rivals
Latin America, long a safe haven for Uber, was the biggest weak spot in the money-losing company’s latest financial results, registering just 2% growth, the worst of any region.
China’s Jingye Group in talks to rescue British Steel
China’s Jingye Group is in talks to buy British Steel, it said on Monday, in a deal estimated to be worth up to 70 million pounds that could protect thousands of British jobs and end prolonged uncertainty over the future of the troubled steelmaker.
China, Greece agree to push ahead with COSCO’s Piraeus Port investment
China and Greece agreed on Monday to push ahead with a 600 million euros investment by COSCO Shipping into Greece’s largest port, Piraeus, as part of efforts to boost its role as a hub in rapidly growing trade between Asia and Europe.
Global stocks drop as Hong Kong violence rattles investors
Shares around the globe fell on Monday, buffeted by escalating violence in Hong Kong that pushed Asian stocks to their worst day since August and stoked demand for the safe-haven yen and gold.
UK building sector hit by surge in insurance costs after Grenfell fire
Two years after a fire killed 71 people at London’s Grenfell Tower, insurance premiums for building contractors, architects and surveyors have surged by as much as several hundred percent, risking future projects, industry sources say. Combustible mate…
