Lion Air targets up to $1 billion IPO in early 2020: sources
Indonesia’s Lion Air has accelerated preparations for a stock market listing in the first quarter of next year with an initial public offering (IPO) that could raise up to $1 billion, several sources close to the matter said on Monday.
German carmaker Audi to ramp up engine output in Hungary in 2020: minister
German premium carmaker Audi will ramp up engine output to 2.25 million units next year at its Hungarian factory, up from 1.95 million produced in 2018, Hungarian Foreign Minister Peter Szijjarto said on Monday.
Asia trade pact doesn’t reflect India’s interests, decided not to join: PM Modi
India’s Prime Minister Narendra Modi said on Monday that he could not compromise the interests of farmers and workers at home by joining a China-led regional trade pact after it failed to address Delhi’s concerns over market access.
India rejects China-backed Asian trade deal, as others move ahead
China joined 14 countries on Monday in agreeing terms for what could be the world’s biggest trade pact, but India pulled out at the last minute on the grounds that the deal would hurt its farmers, businesses, workers and consumers.
McDonald’s CEO surprise exit throws long-term vision into doubt: analysts
The surprise exit of McDonald’s Corp chief executive officer, Steve Easterbrook, over the weekend has Wall Street wondering whether the burger chain’s multi-billion dollar strategy to boost sales could change under the new head.
Oil prices creep higher on U.S.-China hopes and OPEC talks
Oil prices crept upwards on Monday, with Brent reaching its highest in more than a month after the previous day’s boost from growing expectations of a U.S.-China trade deal and Iran flagging OPEC discussions over a deeper output cut next month.
U.S. Supreme Court rejects Charter appeal of Sprint patent verdict
Charter Communications Inc unit Time Warner Cable must pay $140 million in damages for infringing five Sprint Corp telecommunications patents after the U.S. Supreme Court on Monday refused to hear Time Warner’s appeal in the case.
Factbox: Meet McDonald’s new CEO: Chris Kempczinski
McDonald’s Corp head of U.S. operations, Chris Kempczinski, replaced Steve Easterbrook as chief executive officer of the world’s largest fast-food chain on Sunday.
Wall Street opens at record high on U.S.-China trade deal hopes
Wall Street’s three main indexes opened at all-time highs on Monday, as tech stocks gained on optimism over a U.S.-China trade deal and an improving domestic economy.
Takeaway.com tweaks Just Eat offer in move to thwart rival Prosus
Takeaway.com has changed its line of attack in the battle to buy food delivery ordering service Just Eat , effectively lowering the threshold for approval of its offer as it seeks to fend off rival suitor Prosus .
