Wingardium Leviosa! Harry Potter magic helps Lego lift sales
Harry Potter and Star Wars building sets helped Lego return to growth in 2018, along with strong sales in China, where the privately-owned Danish toymaker plans to open new stores.
Oil advances as OPEC set to continue supply cuts despite U.S. pressure to ease
Oil prices rose on Wednesday after a report of declining U.S. crude inventories and as producer club OPEC seemed to stick to its supply cuts despite pressure from U.S. President Donald Trump.
China’s CDH targets raising $1 billion in venture capital arm: sources
China’s CDH Investments is aiming to raise nearly $1 billion in dollar and yuan funds through its venture and growth capital arm to invest in sectors including healthcare and logistics, said people with direct knowledge of the matter.
Vietnamese carriers VietJet, Bamboo unveil Boeing deals worth $15 billion
Vietnamese carriers VietJet and Bamboo Airways formally announced on Wednesday deals with Boeing Co to buy 110 planes worth more than $15 billion as the fast-growing companies look to expand their operations in Asia and beyond.
Hyundai Motor says to lift auto operating margin to 7 percent by 2022
Hyundai Motor Co said on Wednesday it plans to boost the core automotive businesses’ operating profit margin to 7 percent by 2022, compared with 2.1 percent in 2018, as part of its mid- to long-term plan.
Hot-rolled mess: China’s steelmakers hit the skids as car sales slow
China’s steel mills may have taken a wrong turn by adding millions of tonnes of new high-end capacity just as the country’s car sector, a key steel consumer, undergoes its first contraction in decades, cutting metal demand.
Asia shares rise, dollar near three-week low after Fed comments
Asian shares edged towards a five-month high on Wednesday and the dollar hovered near a three-week low after Federal Reserve Chairman Jerome Powell reiterated the central bank’s shift to a more “patient” approach to policy amid slowing economic growth….
Sunrise in advanced talks for Liberty Global’s $6.3 billion Swiss unit
Sunrise Communications has entered “advanced discussions” to buy Liberty Global’s Swiss business in a deal which values the internet and digital television provider at 6.3 billion Swiss francs ($6.30 billion).
Vietnamese carriers VietJet, Bamboo sign deals for 110 Boeing jets
Vietnamese carriers VietJet and Bamboo Airways on Wednesday signed deals with Boeing Co to buy 110 planes worth more than $15 billion as the fast-growing companies look to expand their operations in Asia and beyond.
You don’t need a PhD anymore to read Fed’s statements
The Fed’s policy statements grew so complicated after the recession that standard gauges of readability suggested people needed four years of university or more to understand them.
