China’s Xiaomi boosts shares with $1.5 billion buyback plan
Chinese smartphone maker Xiaomi Corp said on Tuesday it will buy back up to HK$12 billion ($1.53 billion) worth of stock in its biggest equity repurchase, sending its shares up nearly 7%.
Asia stocks dented by trade war, Brexit showdown paralyzes pound
Global stocks dropped on Tuesday, hurt by U.S.-China trade frictions while the British pound fell to its lowest since January 2017 amid political uncertainty as Prime Minister Boris Johnson tried to stymie lawmakers’ efforts to stop a no-deal Brexit.
Papua New Guinea to investigate terms of UBS loan
Papua New Guinea will start preliminary hearings on Sept. 19 into the terms of a A$1.2 billion ($810.5 million) loan from Swiss bank UBS used for an ill-fated government investment in the gas sector, the inquiry’s chairman said on Monday.
Stocks hurt by trade war, pound hit by no-deal Brexit fears
Global stocks were hit by U.S.-China trade frictions on Tuesday while the British pound flirted with 2 1/2-year lows as Prime Minister Boris Johnson indicated he could call an election to stymie lawmakers’ efforts to avert a no-deal Brexit.
Walmart’s Mexico unit springs into same-day delivery, taking on Amazon
Walmart Inc’s Mexico unit has begun offering delivery within three hours for certain home and tech products ordered online, it said on Monday, taking another step to try to best e-commerce rival Amazon.com Inc at speedy shipping.
Argentines wait at banks to withdraw cash as currency controls kick in
In the early hours of Monday morning in Buenos Aires, before banks had opened their doors, winding lines of customers waited to withdraw savings after Argentina’s government imposed capital controls restricting dollar purchases and transfers.
World Bank tribunal lowers ConocoPhillips award for Venezuela expropriation: document
A World Bank arbitration panel lowered an initial $8.7 billion award to U.S. oil company ConocoPhillips as compensation for Venezuela’s 2007 expropriation of its assets to $8.5 billion, according to a decision dated Aug. 29 posted online.
Argentina central bank to keep tight monetary policy despite currency policy changes
Argentina’s central bank will maintain a tight monetary policy despite changes to recently implemented currency restrictions, central bank President Guido Sandleris said on Monday.
Stocks slip on tariffs, Argentina hit by capital controls
U.S. stock futures dove on Monday after Washington and Beijing placed new taxes on each other’s goods, while Argentina imposed capital controls and cast a new spotlight on emerging-market risks.
Hyundai workers OK smaller bonuses, no strike as Japan dispute weighs
Hyundai Motor Co’s unionized workers in South Korea voted on Monday to accept the lowest bonus offered in nearly two decades amid widespread restructuring in the auto industry and a damaging trade dispute with Japan.
