Luckin Coffee files for U.S. IPO
China’s Luckin Coffee Inc on Monday filed for an initial public offering with the U.S. Securities and Exchange Commission.
U.S. home sales tumble as supply constraints linger
U.S. home sales fell more than expected in March as rising demand stoked by declining mortgage rates and slowing house price inflation continued to be frustrated by a lack of properties, especially in the lower-priced segment of the market.
French retailer Casino sells assets to Apollo Global
French retailer Casino said on Monday it agreed to sell a portfolio of 12 Casino hypermarkets and 20 supermarkets to U.S. asset management firm Apollo Global Management in a deal worth up to 470 million euros ($529.03 million).
Model S fire video adds to Tesla woes pre-results
Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter.
Any move by Iran to close Strait of Hormuz unacceptable – senior U.S. official
Any move by Iran to close the strategic Strait of Hormuz in response to the United States ending oil waivers for purchases of Iranian oil would be unjustified and unacceptable, a senior administration official said on Monday.
Oil jumps on U.S. plans to tighten Iran sanctions; dollar eases
Crude oil jumped almost 3% on Monday after the United States said it will take more steps to choke off Iranian oil exports, while U.S. equities were mixed as Wall Street braced for corporate results in a busy earnings week.
Kraft Heinz banks on Anheuser-Busch executive in strategy shift
Kraft Heinz Co said on Monday it would replace Chief Executive Officer Bernardo Hees with Anheuser-Busch InBev marketing chief Miguel Patricio, as one of the world’s largest packaged food companies looks to reinvigorate its brands after years of cuttin…
Iran says ready for U.S. waivers end, as Guards threaten to shut Hormuz
Tehran is prepared for a U.S. decision to end waivers granted to buyers of Iranian crude, an Iranian oil ministry source said on Monday, as the Revolutionary Guards repeated their threat to close the strategic Strait of Hormuz, Iranian media reported.
Turkey criticizes U.S. decision to end waivers on Iran oil sanctions
Turkey slammed the U.S. decision to end waivers on Iranian oil sanctions, saying it would not serve regional peace and stability, its foreign minister tweeted on Monday.
U.S. home sales slump ahead of spring selling season
U.S. home sales fell more than expected in March, pointing to continued weakness in the housing market despite declining mortgage rates and slowing house price gains.
