Exclusive: Mexico’s Walmart pressures suppliers on pricing, forcing some to ditch Amazon
Walmart’s Mexico unit has penalized food companies supplying groceries to rival Amazon, pressure that has forced some to pull their products from the world’s largest online retailer, four people familiar with the matter said.
Pinterest sets IPO price range between $15-$17 per share
Image sharing website Pinterest Inc set a price range of $15 to $17 per share for its initial public offering of 75 million shares, as per a filing http://bit.ly/2OZLmYU with the U.S. Securities and Exchange Commission on Monday.
Oil climbs to five-month high on OPEC cuts, U.S. sanctions and Libya fighting
Oil prices rose to their highest level since November 2018 on Monday, driven by OPEC supply cuts, U.S. sanctions against Iran and Venezuela and fighting in Libya as well as strong U.S. jobs data.
Ashley piles pressure on Debenhams ahead of lender deadline
Sports Direct boss Mike Ashley embarked on a last-ditch battle to take control of Debenhams on Monday, accusing board members of dishonesty while offering to fund a rescue plan in return for the CEO’s job.
EU fines GE $58 million over misleading data in Danish deal
EU antitrust regulators on Monday fined U.S. conglomerate General Electric 52 million euros ($58.4 million) for providing misleading information in its takeover of Danish rotor blade maker LM Wind two years ago.
Jaguar Land Rover begins Brexit-linked UK plant shutdowns
Jaguar Land Rover (JLR) shut its UK plants on Monday for five days over Brexit, adding to other shutdowns to leave at least half the country’s car production off-line in what could be a pivotal week for Britain’s divorce from the EU.
London judge dismisses jury in landmark Barclays Qatar case
A London jury has been discharged in a landmark fraud trial of four former Barclays executives accused of paying Qatar undisclosed fees to help rescue the bank at the height of the credit crisis in 2008.
Boeing’s 737 production cut hits its shares and those of suppliers
Shares of Boeing Co fell 5 percent on Monday after the company said it would cut production of its 737 MAX aircraft, as it struggles with worldwide grounding of the narrowbody jet following two fatal crashes in less than five months.
Aramco’s international bond attracts strong interest as demand tops $30 billion
Demand for Saudi Aramco’s inaugural international bond, seen as a gauge of potential investor interest in the oil company’s eventual initial public offering, is higher than $30 billion, Saudi Energy Minister Khalid al-Falih said on Monday.
Saudi Aramco to open books for debut bond later on Monday
Saudi Aramco is expected to open the books for its debut international bond issue later on Monday, sources familiar with the matter said.
