Where’s the fake beef? Not at Kraft Heinz, investors worry
Investors are chewing out Kraft Heinz Co for failing to lay out a full strategy for how it plans to compete in the roughly $3 billion-a-year plant-based protein market.
Trade war thaw and ECB stimulus hopes buoys stocks
World stocks climbed to their highest in six weeks on Thursday as the European Central Bank prepared to offer new stimulus measures and the United States and China made mutual concessions in their trade dispute, improving demand for riskier bets.
Low-cost fracking offers boon to oil producers, headaches for suppliers
At a dusty drilling site east of San Antonio, shale producer EOG Resources Inc recently completed its latest well using a new technology developed by a small services firm that promises to slash the cost of each by $200,000.
Huawei’s device business earned 11 billion yuan in first half of 2019: filing
Huawei Technologies’ device business, comprising mainly smartphones, made a 11 billion yuan ($1.55 billion) profit in the first half of this year – as much as it earned in all of 2018 – a rare regulatory filing showed.
BAT stubs out 2,300 jobs as new CEO tackles tobacco sector changes
British American Tobacco plans to lay off 4% of its workforce, including a fifth of senior managers, as recently-promoted chief executive Jack Bowles grapples with challenges to the group’s legacy products and health fears over vaping.
ECB to turn stimulus taps back on as economy slows
The European Central Bank is set to unveil fresh stimulus measures on Thursday to prop up the ailing euro zone economy, but its exact moves are far from certain and a decision that underwhelms markets risks pushing up borrowing costs.
China says firms have started inquiring about U.S. agriculture buys
China said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a potential de-escalation in a bitter trade war between the two countries.
Charles Li, Hong Kong’s charismatic exchange chief, leads charge for LSE
When Hong Kong Exchange chief executive Charles Li described his company’s surprise offer for the London Stock Exchange this week as a “a corporate tale of Romeo and Juliet,” listeners outside Asia may have been surprised by the colorful analogy.
Nigeria and Iraq pledge to cut output to meet OPEC targets
Iraq’s and Nigeria’s oil ministers pledged on Thursday to reduce oil output to comply with their OPEC output targets.
Political risks of Hong Kong exchange’s $39 billion LSE approach takes toll on shares
Hong Kong stock exchange shares fell more than 3% on Thursday as investors raised concerns about the political and regulatory risks involved in its $39 billion approach to take over London Stock Exchange (LSE) .
