Dollar struggles near one-month low, risk aversion boosts yen
The dollar hovered near a one-month low against its peers on Friday, weighed down by a subdued outlook toward U.S. interest rates and the economy, while risk aversion in the broader markets boosted the yen.
Zynga buys Empires & Puzzles gamemaker in largest deal to date
(This corrects paragraph 7 of December 20 story to say Zynga acquired a unit of Peak Games, and not the entire company. The error also appeared in an earlier version)
Asia stocks shunned as investors flee for safety
Global stocks were sailing into Christmas on a sea of red on Friday as the threat of a U.S. government shutdown and of further hikes in U.S. borrowing costs inflamed investor unease over the economic outlook.
Asia M&A clocks second best on record, strength to persist despite trade troubles
Asia Pacific M&A volumes clocked their second-highest level on record this year and dealmakers are optimistic the momentum will persist into 2019, with inbound deals into China emerging as a strong theme amid political and macroeconomic headwinds.
Dealmakers brace for slowdown after third-strongest M&A year
Dealmakers celebrating their third-strongest year on record are fretting 2019 will herald a steep drop in mergers and acquisitions worldwide, as market jitters and economic uncertainty take their toll.
Hong Kong takes global IPO crown, looks to a quieter 2019
A flurry of initial public offerings (IPOs) in Hong Kong propelled the financial center to first place for IPO volumes globally, but next year is unlikely to see as many big-ticket listings.
Nasdaq goes bear as momentum plays run out of gas
Investors are finding out that it is not all puppies and unicorns when it comes to momentum plays, in a painful lesson as the Nasdaq tumbles to the edge of a bear market.
North America, online sales power Nike’s quarterly results beat
Nike Inc’s quarterly results beat Wall Street estimates, boosted by strength in North America where new launches led to higher sale of more full-priced footwear and apparel online, sending its shares up 7 percent on Thursday.
Global banks chase Asia techs transaction business, as trade war rumbles
Global lenders including Citigroup and HSBC are stepping up efforts to sell day-to-day banking services to Asia’s fast-growing new technology firms, amid growing competition for more traditional transaction banking.
Campbell Soup names industry veteran Mark Clouse as new CEO
Campbell Soup Co named Mark Clouse, the former CEO of Pinnacle Foods, as its new chief executive on Thursday, a key step in the U.S. company’s efforts to regain market share and boost profits.
