SoftBank Group to book 1.2 trillion yen profit on Alibaba share sale
Japan’s SoftBank Group Corp said on Tuesday it expects to book around 1.2 trillion yen ($11.12 billion) in pre-tax profit on the sale of shares in China’s Alibaba Group Holding Ltd.
Shell eyes dividend and spending boost after 2020
Royal Dutch Shell on Tuesday outlined plans to increase spending and dividends after 2020 in a show of confidence by the energy company despite an uncertain outlook for oil and gas prices.
Asian shares fall on weak data as focus shifts to rate cuts
Asian shares fell on Tuesday as weak economic indicators and an intensifying Sino-U.S. trade war inflamed concerns about global growth, supporting safe-haven assets such as bonds.
Departures at South African state firms could drag out Ramaphosa’s reforms
President Cyril Ramaphosa’s mission to fix two of South Africa’s most troubled state companies, power firm Eskom and South African Airways (SAA), could take longer than planned after their chief executives quit within a week of each other.
Australia’s Telstra planning to cut 10,000 contractor jobs in two years
Australia’s biggest telecommunications provider Telstra Corp Ltd plans to cut a quarter of its contractors in two years, its CEO said on Tuesday, a reduction of 10,000 people on its payroll and adding to thousands of internal jobs slated to go.
Walmart expands education program for workers ahead of controversial shareholders meeting
Walmart Inc said on Tuesday it is seeking to attract high school students by offering them a low-cost path to a college degree and will expand an education program it started a year ago – in a new bid to draw workers in a tight labor market.
Polish LOT rules out cancelling Boeing 737 MAX order
LOT Polish Airlines on Tuesday ruled out cancelling an order for grounded Boeing Co 737 MAX jets but urged the U.S. planemaker to take steps to restore their credibility after two accidents.
Asian shares fall as weak data inflames growth fears
Asian shares fell on Tuesday, following a volatile Wall Street session as weak economic indicators and an intensifying Sino-U.S. trade war inflamed concerns about global growth, supporting safe-haven assets such as bonds.
Asian shares edge up but growth worries cap gains
Shares in Asia inched higher and safe-haven assets gave up some overnight gains on Tuesday, as investors paused for breath after a volatile Wall Street session, but deeper concerns about growth have capped broader improvements in risk sentiment.
Mexico draws red line on asylum as Trump tariff risk rises
Mexico said on Monday it would reject a U.S. idea to take in all Central American asylum seekers if it is raised at talks this week with the Trump administration, which has threatened to impose tariffs if Mexico does not crack down on illegal immigrati…
