UK competition watchdog to examine Amazon’s Deliveroo investment
Britain’s competition regulator on Friday took action to pause Amazon’s investment in online food delivery group Deliveroo by serving an initial enforcement order on the two companies.
GM’s China April-June sales fall 12%, fourth straight quarterly drop
General Motors Co’s second-quarter vehicle sales in China fell 12.2%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
UK’s competition regulator to examine Amazon investment in Deliveroo
Britain’s competition regulator served an initial enforcement order on Amazon and Deliveroo on Friday, seeking to pause the e-commerce giant’s investment in the online food delivery company.
Asian shares near two-month highs before U.S. payrolls test
Asian shares hovered near two-month highs on Friday as investors braced for U.S. employment data, a key release that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
GM’s H1 China vehicle sales down 15% year-on-year at 1.57 million units
General Motors Co’s January to June vehicle sales in China fell 15%, as the U.S. automaker was hurt by a slowing economy amid the Sino-U.S. trade war and by heightened competition in its key mid-priced SUV segment.
China’s Anbang to offload health insurance unit as government speeds up asset sales
China’s Anbang Insurance Group said it will sell its entire stake in a health insurance unit as Beijing speeds up asset disposals at the troubled government-controlled insurance conglomerate.
U.S. job growth seen accelerating, rate cut still expected
U.S. job growth likely rebounded in June, with wage gains expected to pick up, but that would probably not be enough to discourage the Federal Reserve from cutting interest rates this month amid growing evidence the economy is slowing.
Crude oil prices fall 1% on fears for global economy
Crude oil prices fell on Friday as concerns over the outlook for global economic growth outweighed elevated tensions in the Middle East that could disrupt supply routes and send prices higher.
Asian shares hold near two-month highs before U.S. payrolls test
Asian shares hovered near two-month highs on Friday as investors braced for U.S. employment data, a key release that could stoke or temper market expectations about aggressive policy easing by the Federal Reserve.
‘Wolf of Wall Street’ producer charged with 1MDB money laundering in Malaysia
Malaysia on Friday charged one of the “Wolf of Wall Street” film producers, and stepson of former prime minister Najib Razak, with money laundering, alleging he misappropriated $248 million linked to state fund 1Malaysia Development Berhad (1MDB).
