Forever 21 snapped up by mall owners, Authentic Brands
Forever 21 has a new lease on life after Simon Property Group Inc , Brookfield Property Partners LP and Authentic Brands Group agreed to acquire the bankrupt teen fashion retailer.
Asian stocks slip as virus’ global impact puts markets on edge
Asian stocks eased and currency markets were skittish on Thursday, as virus cases rose in South Korea and Japan even as China added more stimulus via a rate cut to support its economy.
Google plans to move UK users’ accounts outside EU jurisdiction
Google is planning to move its British users’ accounts out of the control of European Union privacy regulators, placing them under U.S. jurisdiction instead, the company confirmed late on Wednesday.
Manufacturers entangled in logistical nightmare as virus-hit China limps back to work
Blocked highways. Stranded workers. Dwindling supplies. Shipping and air freight companies also hamstrung.
Oil rises on supply worries, while virus-led demand concerns ease
Oil prices rose nearly 1% on Thursday, extending big gains from a day earlier, as the market worried about crude supply disruptions and demand concerns were cushioned after a sharp drop in new coronavirus cases at the epicenter of the outbreak.
Slowing virus, China stimulus hopes support stocks, yen nurses losses
Asian stocks edged up on Thursday, supported by a fall in coronavirus cases and expectations of more Chinese stimulus to offset the economic impact of the epidemic, while the Japanese yen nursed heavy losses after suffering its steepest drop in six mon…
Lofty stocks, hefty debt sow seeds of worry for some at Fed
Rock-bottom corporate bond yields, high levels of business debt and one of the fastest expansions of stock market valuations on record are worrying some Federal Reserve officials who fret such financial imbalances could aggravate any negative shocks to…
U.S. meeting on Huawei, China policy still on for Thursday despite Trump tweets: sources
A meeting of U.S. government officials to discuss further curbs on exports to Huawei and China is still on for Thursday, two sources said, despite pushback from President Donald Trump against the restrictions.
Fresenius Medical says fourth-quarter operating profit up 3%
Germany’s Fresenius Medical Care on Wednesday said quarterly adjusted operating income edged 3% higher as growth in dialysis services and products was partly offset by a negative adjustment for accounts receivable in a legal dispute in North America.
China’s HNA emerges as recent buyer of A330neo jets amid revamp: sources
Debt-laden HNA Group has restructured jet orders with Europe’s Airbus in a compromise deal that includes an order for dozens of A330neo jets, two people familiar with the matter said, amid reports of a wider shake-up at the Chinese conglomerate.
