Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests: sources
China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters.
Uber-rival Bolt enters European food delivery business
Estonia’s Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation’s capital, and said it plans to roll out Bolt Food this year in South Africa, Latvia and L…
Dropping global bond yields, recession fears put BOJ in a bind
Downward-spiraling bond yields and other potential signs of global recession have strung a tightrope for the Bank of Japan: it must keep pumping money aggressively to spur growth, but also prevent borrowing costs from sliding too far below the target.
Asian shares fall on recession fears; eyes on Fed minutes
Asian shares fell on Wednesday as fresh worries about a global recession led investors to dump risky assets, with U.S. President Donald Trump showing no signs of backing down in his trade war with China.
‘You prepare for war’: how one U.S. firm tried escaping Trump’s China tariffs
When Larry Sloven heard last year that U.S. tariffs threatened his China electronics business, he knew that setting up shop elsewhere would be a slog rather than an adventure.
Trump looking at possible tax cuts amid economic jitters
President Donald Trump said on Tuesday his administration was considering potential tax cuts on wages as well as profits from asset sales, and sought to play down market anxieties that the world’s top economy could be heading for a recession.
Walmart sues Tesla for negligence after repeated solar system fires
Walmart Inc on Tuesday sued Tesla Inc, accusing it of “widespread negligence” that led to repeated fires of its solar systems and asking a court to force Tesla to remove solar panels from more than 240 of its U.S. stores.
U.S. oil firms challenge pipeline surcharge for steel tariff
Two U.S. shale producers have challenged an energy pipeline operator’s proposed surcharge for the Trump administration’s 25% tariff on imported steel, raising the stakes for pipeline builders facing higher construction costs.
Toll Brothers profit beat clouded by weakness in orders
Toll Brothers Inc reported a better-than-expected quarterly profit on higher home prices, but its shares fell as orders declined, hinting at weaker demand for new homes.
U.S. Justice Department teams up with states on probe of Big Tech firms
The U.S. Justice Department is working with a group of more than a dozen state attorneys general as it moves forward with a broad investigation into major technology companies, the department’s antitrust chief, Makan Delrahim, said on Tuesday.
