Global shares slip from four-month high, Swedish crown slumps
European and Asian shares hovered near four-month highs on Tuesday as investors took heart from some progress in Sino-U.S. trade talks, while the yen dribbled lower as Japan’s central bank said it could ease policy again.
Payless ShoeSource seeks bankruptcy protection again
U.S. discount retailer Payless ShoeSource Inc on Monday filed for voluntary Chapter 11 bankruptcy protection for the second time, along with its North American subsidiaries, and said it would wind down all North American stores by the end of May.
Oil hovers below 2019 highs on OPEC cuts, trade talks in focus
Oil was close to its 2019 high of almost $67 a barrel on Tuesday, supported by OPEC-led supply cuts although gains were capped by concerns about slowing economic growth that could hit demand.
China’s JD.com to lay off 10 percent of senior executives this year: report
JD.com Inc, one of China’s largest e-commerce sites, will lay off 10 percent of its senior executives this year, Chinese online media outlet Sina Tech reported on Tuesday, citing unnamed sources.
China’s Fosun makes bid for German fashion chain Tom Tailor
Chinese conglomerate Fosun International announced a takeover bid for troubled German clothing retailer Tom Tailor on Tuesday, further expanding its reach into Europe’s fashion sector.
HSBC warns on China, UK slowdowns as 2018 profit disappoints
HSBC warned it may have to delay some investments this year as Europe’s biggest bank missed 2018 profit forecasts due to slowing growth in its two home markets of China and Britain.
Honda to close only British factory, says move not Brexit related
Honda Motor announced on Tuesday it would shut its sole British plant by 2021, a decision the Japanese automaker said was not related to Brexit but which Britain deemed deeply disappointing.
Chinese government doesn’t get involved in Huawei’s business: German boss
The head of China’s Huawei Technologies in Germany told a German newspaper that the Chinese government does not get involved in the company’s business, adding the firm would work on being open and transparent in the debate about security of mobile netw…
Mongolia to suspend KFC outlets for inquiry after food poisoning reports
A Mongolian regulator said it will suspend operations at KFC restaurants temporarily to conduct inquiries, as 42 people were hospitalized and hundreds showed food poisoning symptoms after eating at one of the outlets of the fast-food chain.
Honda UK plant closure not related to Brexit: Europe boss
Honda’s decision to close its only British car plant is not related to Brexit and is a product of global changes in the industry, the firm’s Europe’s boss said on Tuesday.
