- Bloomberg UK•15 minutes ago
Xiaomi Said to Set Tentative Terms for World Biggest IPO in Two Years
Jun.20 -- Xiaomi has set tentative terms for the world’s biggest initial public offering in nearly two years, aiming to raise as much as $6.1 billion in Hong Kong, people with knowledge of the matter said. Bloomberg's Stephen Engle reports on "Bloomberg Daybreak: Australia."
- Bloomberg UK•25 minutes ago
Australian Stocks Rally to Highest in Decade Fueled by Banks
Jun.20 -- The past few days have been tumultuous for global equities, but Australia turned out to be one of the rare bright spots. Investors in the market have witnessed some of the world’s biggest stock gains over the past four days, with the S&P/ASX 200 Index surging to its highest level since January
- Reuters - UK Focus•36 minutes ago
UK supermarket squeeze on suppliers fuels poverty and abuse, campaigners say
Millions of farmers and factory workers worldwide who produce food for Britain's leading supermarkets are exploited and struggle to feed their families as their share of the price consumers pay dwindles, campaigners said on Thursday. Across 12 supermarket supply chains - including avocados from
Reuters•38 minutes agoAustralia's Woolworths, BP abandon petrol station deal
Australia's largest supermarket operator Woolworths Group Ltd cancelled a A$1.8 billion (£1 billion) sale of its petrol stations to BP Plc on Thursday, after it was blocked by Australia's antitrust regulator. The grocer, which wants to exit the business to focus on supermarkets, said it would
- Reuters•38 minutes ago
Boeing says Export-Import Bank vital to U.S. growth
"Restoring the Export-Import Bank to full strength with a Board quorum is the best thing Washington can do right now to grow our economy through exports, shrink our trade deficits, and level the playing field so American workers can win," Tim Keating, Boeing's executive vice president of
- Reuters•39 minutes ago
Trump nominates Kimberly Reed to head Export-Import Bank
WASHINGTON (Reuters) - President Donald Trump on Wednesday nominated former Treasury Department official Kimberly Reed to be president of the Export-Import Bank, the White House said.
- Engadget•40 minutes ago
Ohio test uses drones to monitor highway traffic
Highway traffic monitoring is frequently... less than efficient. Fixed cameras
- Bloomberg UK•55 minutes ago
How Zoom's Eric Yuan Went From Immigrant to Top CEO
Jun.20 -- Eric Yuan, Zoom founder and chief executive officer, discusses how he went from being denied a visa to the U.S. to being named a top CEO. He speaks with Bloomberg's Emily Chang on "Bloomberg Technology."
- Business Insider UK•1 hour ago
People donate millions to help separated families
Among those that have generated the most attention is a fundraiser on Facebook started by a Silicon Valley couple, who say they felt compelled to help after they saw a photograph of a Honduran toddler sobbing as her mother was searched by a U.S. border patrol agent. The Willners, who have a 2-year-old
- Business Insider UK•1 hour ago
China Energy executives cancel West Virginia trip amid trade dispute
A scheduled trip to West Virginia by executives from China Energy Investment Corp to discuss a planned $83.7 billion investment in the state has been canceled, the latest victim of a growing trade war between the United States and China. The investment by China Energy, which ranks among the world'
Reuters•1 hour agoSmall U.S. oil producers face output squeeze as pipelines fill
Soaring production in U.S. shale fields has driven output to a record 10.47 million barrels per day (bpd) this year and any cutbacks would hurt companies recovering from 2014's crude-price drop. Oil in Midland, Texas now sells for about $6 a barrel less than the U.S. benchmark , compared with $1.50
Reuters•1 hour agoEuro zone to decide on Greek debt relief as bailout exit nears
Euro zone finance ministers will decide on Thursday how much cash and debt relief to give Greece in return for compliance with economic reforms, to ensure Athens can finance itself after it exits its bailout in August. Greece has been living primarily on money borrowed from euro zone governments in
- Business Insider UK•1 hour ago
Trump talks up his approach to trade before Minnesota rally
President Donald Trump is talking up the economy as holds a pre-rally roundtable in Minnesota. Trump is promoting his approach to trade as he meets with representatives from the mining industry and local leaders Wednesday at the Port of Duluth-Superior. Trump narrowly lost Minnesota in 2016 and jokes
Reuters•1 hour agoExclusive - Toyota, pressed to innovate, is cutting marketing costs to fuel research
Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said. One of the company's first moves was to cancel contracts with the China unit of its long-term communication
- Business Insider UK•1 hour ago
White House to propose merging Labor, Education departments: Wall Street Journal
Thomson Reuters
Reuters•1 hour agoBank of England to keep rates steady, markets look for August hint
The Bank of England may lay some groundwork on Thursday for an August interest rate rise, if it judges the economy is now turning a corner after an unusually weak start to the year. No economists polled by Reuters expect the BoE to raise rates when it announces its June policy decision at 1100 GMT,
Reuters•1 hour agoU.S. Commerce Dept probing steel 'profiteering' after tariffs
The U.S. Commerce Department is investigating recent steel price hikes to determine whether some market participants are "illegitimately profiteering" from new tariffs, Commerce Secretary Wilbur Ross said on Wednesday. Ross told a Senate Finance Committee hearing that the price of steel in
- CNBC•1 hour ago
Asian stocks subdued after Nasdaq notches record close; trade concerns simmer
Asian stocks were muted as global markets calmed after an elevation in trade tensions between the U.S. and China triggered a sell-off earlier in the week.
Reuters•1 hour agoPay rises in major UK companies hold at 2.5 percent - XpertHR
XpertHR, a company that monitors wage deals, said the median pay deal offered by employers in the three months to May was 2.5 percent, matching the typical increase offered since the start of 2018 and up from levels around 2.0 percent in previous years. Pay awards of 2.5 percent were starting to look
CNBC•1 hour agoAmazon sees benefits of physical stores: Williams-Sonoma ...
Jim Cramer sits down with Williams-Sonoma President and CEO Laura Alber to find out how the Pottery Barn parent is faring in the age of Amazon.
CNBC•1 hour agoHard to believe this is bottom for General Electric
Jim Cramer explains why even General Electric's exit from the Dow Jones industrial average isn't the end of the industrial's painful turnaround.
CNBC•1 hour agoNo real loser in Disney-Comcast battle for Fox assets
Jim Cramer says the spoils would go to the loser and the winner of Disney and Comcast's brewing bidding war over key Twenty-First Century Fox assets.
- Business Insider UK•1 hour ago
Japan firms slow to get compliant with new EU data privacy rules: Reuters poll
Around a quarter of Japanese businesses have made progress on meeting some of the easier requirements under Europe's new data privacy regulations while about another 20 percent plan to do so, a Reuters poll found. The results of the Reuters Corporate Survey, conducted June 4-15, shows only modest
- Business Insider UK•1 hour ago
Exclusive: Toyota, pressed to innovate, is cutting marketing costs to fuel research
Toyota has begun slashing costs, starting with sales and marketing, and shifting resources into research that will help it keep up with new competitors, four people familiar with the matter said. One of the company's first moves was to cancel contracts with the China unit of its long-term communication
- Business Insider UK•2 hours ago
The best photo from every match of the 2018 World Cup
Ryan Pierse/Getty Images
