Stocks drift lower on trade worries, Italian bonds sell off on government tensions
World stocks drifted lower on Friday as the latest exchange of trade threats between the United States and China dampened risk appetite, while Italian bonds and shares in the country’s banks sold off on signs of renewed government tensions in Rome.
Some FT reporters call on CEO Ridding to give back part of $3.4 million pay
A group of Financial Times reporters have complained about the pay of CEO John Ridding, who earned 2.6 million pounds ($3.4 million) in 2017, and called for him to give back some of the money, according to an email seen by Reuters.
Heineken, China Resources Beer seal $3.1 billion tie-up in premium brands push
Heineken NV is buying a $3.1 billion stake in the firm controlling China Resources Beer , China’s largest brewer, as the companies seek to tap a growing thirst for premium brands in the world’s biggest beer market.
Exclusive: Deutsche Bank reports show chinks in money laundering armor
Deutsche Bank has uncovered shortcomings in its ability to fully identify clients and the source of their wealth, internal documents seen by Reuters show, more than a year after it was fined nearly $700 million for allowing money laundering.
Cashing in on DNA: race on to unlock value in genetic data
How much is your DNA worth? As millions of people pay for home tests to check on ancestry or health risks, genetic data is becoming an increasingly valuable resource for drugmakers, triggering a race to create a DNA marketplace.
Japan weighs sovereign wealth fund for U.S infrastructure investment: Nikkei
Japan is considering creating a sovereign wealth fund to invest in U.S. infrastructure projects and U.S.-Japan joint projects in third countries and will float the idea at two-way trade talks in Washington next week, the Nikkei daily reported on Friday…
Ding! Always-on Alibaba office app fuels backlash among Chinese workers
In the cramped former home of Jack Ma, founder of the Chinese e-commerce giant Alibaba, about thirty young engineers sit elbow-to-elbow, working to attract the next million users for DingTalk, Alibaba’s workplace communication software.
China’s Didi, Ant Financial weigh joint $2 billion Ofo buyout: source
Chinese ride-hailing giant Didi Chuxing and Alibaba’s Ant Financial are in talks with bike-sharing startup Ofo for a joint buyout offer that could value Ofo at up to $2 billion, according to a source with direct knowledge of the discussions.
Czech leader’s planned spending spree has some people worried
Leaders tend to rein in generous election promises once they come to power; few tour the country adding more, as Czech Prime Minister Andrej Babis has been doing.
For investors in Russia, U.S. sanctions will not pack the same punch as before
A threat to impose sanctions on Russian sovereign debt transactions is one of the biggest financial weapons that the U.S. can deploy against the Kremlin, but Moscow’s slide down the investment league table in recent years means the move will not pack t…
