Nestle starts selling Starbucks-branded coffee in China
Food giant Nestle on Thursday started selling Starbucks-branded coffee in mainland China, seeking to tap growth in a market where it says coffee consumption per capita remains low compared to global standards.
Lyft’s scooters steering new customers to ride-hailing, but winter is coming
A quarter of Lyft Inc customers who use its bikes and scooters are new to the company, executives said on Wednesday, outlining how investments in the expensive growth area may eventually benefit the core ride-hailing business.
Venture capital fuels Latam ‘unicorns’ expansion beyond borders
Surging venture capital investment in Latin American startups has financed international expansion across the region and beyond, as business models that do not require large amounts of capital have helped many firms avoid silos common in the region.
Asia stocks take comfort in China trade data, yuan fix
Asian shares were trying to rally on Thursday as Beijing reported better trade numbers while also limiting the fall in its yuan, offering temporary relief from fears of a global currency war.
Asia stocks paralyzed, bonds electrified by recession risk
Asian shares braced for more volatility on Thursday as eye-catching easings by central banks stoked fears of global recession, driving U.S. yields to near-record lows and lifting gold past $1,500 for the first time since 2013.
Medina Mora, powerful Citigroup exec who battled scandals, dies at 69
Manuel Medina Mora, one of the most influential Mexican bankers to work on Wall Street during a long career at Citigroup Inc , has died, the bank’s Mexican unit Citibanamex said on Wednesday. He was 69.
Dollar will be cut down to size if Fed gives in to market whims – Reuters poll
The U.S. dollar’s dominance will come to an end if the Federal Reserve gives in to pressure from financial markets and President Donald Trump and chops interest rates another 50 basis points this year, a Reuters poll of market strategists showed.
SoulCycle, Equinox face boycott calls over investor’s Trump fundraiser
Fitness chains SoulCycle and Equinox on Wednesday sought to distance themselves from a fundraiser for U.S. President Donald Trump reportedly in the works by their billionaire owner, real estate executive Stephen Ross.
AMD lands Google, Twitter as customers with newest server chip
Advanced Micro Devices Inc on Wednesday released the second generation of its processor chip for data centers and said that it had landed Alphabet Inc’ Google and Twitter Inc as customers.
Rush into U.S. bonds curbs global stock markets; gold touches 6-year high
Investors rushed into the safety of U.S. government bonds on Wednesday, muting a broad stocks rally as fears of a global recession grew.
