Britain’s LSE agrees $27 billion Refinitiv deal to form data giant
London Stock Exchange said on Thursday it had agreed to buy financial information firm Refinitiv in a $27 billion deal that will transform the British company into a market data and analytics giant.
Hugo Boss pares outlook due to tough U.S. market
Hugo Boss expects full-year sales and earnings to come in at the lower end of its forecasts due to challenges in the U.S. market, despite strong sales growth in China, the German fashion house said on Thursday.
BMW second quarter hit by rising costs of manufacturing, emissions
BMW stuck to its outlook even as second-quarter earnings fell 20%, hit by currency headwinds and the rising cost of manufacturing electric and hybrid cars to help the carmaker meet stricter emissions limits.
South Korean chip giants face ‘strangling’ from Japanese export curbs
South Korean chipmakers are hitting a dead end in their quest to find alternatives for key Japanese materials that have been slapped with export restrictions, raising the prospect of major disruption to their operations in the coming months.
Chinese billionaire indicted in U.S. for alleged $1.8 billion aluminum tariff evasion
A Chinese billionaire has been indicted by a grand jury on charges he schemed with the aluminum company he founded to evade $1.8 billion of tariffs by smuggling huge amounts of the metal into the United States, federal prosecutors said on Wednesday.
Manufacturing pain spreads through Asia, more stimulus seen ahead
Asian factory activity contracted further in July, fuelling worries that a Sino-U.S. trade war and a slowdown in China could tilt the world toward a global recession, which central banks will have to fight with depleted ammunition.
Oil slips 1% after Fed disappoints, U.S. crude output rises
Oil prices skidded on Thursday, declining for the first time in six days, after the U.S. Federal Reserve dampened hopes for a string of interest rate cuts and Sino-U.S. talks ended without apparent progress towards resolving a bitter trade dispute.
Democrats pass up chance to dent GM on job cuts in Detroit debates
Detroit-based General Motors Co emerged from two days of Democratic debates in its hometown largely unscathed as 2020 White House hopefuls largely passed up an opportunity to criticize it for significant job cuts in recent months.
Democrats pass up chance to dent GM on job cuts in Detroit debates
Detroit-based General Motors Co emerged from two days of Democratic debates in its hometown largely unscathed as 2020 White House hopefuls largely passed up an opportunity to criticize it for significant job cuts in recent months.
Seeds of London Stock Exchange deal planted at flower show
The London Stock Exchange Group Plc’s expected $27 billion purchase of financial-data business Refinitiv has its origins in May 2013, amid the crocuses, champagne and corporate hobnobbing of London’s Chelsea Flower Show.
