Exclusive: Cyber Monday showdown – Wal-Mart closes in on Amazon in online price war
(Reuters) – Wal-Mart Stores Inc is within striking distance of matching Amazon.com Inc’s online prices for the first time, a key milestone in its effort to regain the “low price leader” title.
Asia stocks hit by China, South Korea weakness, euro at 2-month high
TOKYO (Reuters) – Asian stocks surrendered early modest gains and retreated from a decade high on Monday, weighed by weakness in the Chinese and South Korean markets, while the euro reached a two-month top against the dollar.
Vietnam brewer Sabeco gets strong response at Singapore investor roadshow: chairman
SINGAPORE (Reuters) – Vietnam’s biggest brewer Sabeco has received a strong response from potential suitors at an investors’ roadshow in Singapore, its chairman said, as the government moves closer to finalizing a stake sale in the $9 billion maker of…
Samsung Electronics shares drop after Morgan Stanley cuts view, sees chip boom peaking
SEOUL (Reuters) – Samsung Electronics Co Ltd’s shares fell more than 4 percent to a one-month low on Monday after Morgan Stanley cut its recommendation on the South Korean tech giant, citing concerns that a boom in memory chips is likely to peak soon….
Asia stocks slip as China, South Korea weakness weigh, euro hits two-month high
TOKYO (Reuters) – Asian stocks gave back earlier modest gains and fell back from a decade high on Monday, weighed by weakness in the Chinese and South Korean markets, while the euro reached a two-month top against the dollar.
U.S. oil dips on increased drilling, but OPEC cuts support global markets
SINGAPORE (Reuters) – U.S. oil prices dipped on Monday, easing from two-year highs on the prospect of increased U.S. output, although global markets were slightly better supported by expectations an OPEC-led supply cut will be extended.
Meredith to buy U.S. publisher Time in Koch-backed deal
(Reuters) – U.S. media company Meredith Corp said on Sunday it will buy Time Inc, the publisher of People, Sports Illustrated and Fortune magazines, in a $1.84 billion all-cash deal backed by conservative billionaire brothers Charles and David Koch.
Asian stocks hover near decade peak, euro reaches two-month high
TOKYO (Reuters) – Asian stocks hovered near a decade high on Monday as a robust business outlook continued to support investor risk appetite, while the euro reached a two-month top against the dollar.
U.S. oil prices near two-year highs as key pipeline stays closed
SINGAPORE (Reuters) – U.S. oil prices remained near two-year highs on Monday on the back of the ongoing closure of the Keystone pipeline connecting Canada and the United States, while expectations of extended OPEC-led supply cuts also supported markets…
UK launches plan for industry as Brexit looms, wins Merck investment
LONDON (Reuters) – The British government launched a new strategy for industry on Monday, aiming to intervene in key sectors to tackle weak productivity and bolster businesses to counter any new problems caused by Brexit.
