What Foreign Companies Can Learn From The Uber-Didi Affair
Fed's Powell urges patience on US rates, citing growth risks
German Industrial Output Stronger Than Expected in June
FRANKFURT—German industrial output was slightly stronger than expected in June, data from the country’s economy ministry showed Monday. Output rose by 0.8% in monthly adjusted terms. This beat expectations of 0.7% growth in a survey by The Wall Street Journal. Manufacturing output was up by 1.5%, while construction output declined by 0.5%....>> view originalAsian Shares Rise on US Jobs Report
Strong U.S. jobs data sent Asian stock markets higher on Monday, with the yen’s decline driving sharp gains in Japan’s Nikkei Stock Average. The Nikkei jumped 2.4% while Australia’s S&P/ASX 200 was up 0.7%. Hong Kong’s Hang Seng Index rose 1.6%, and South Korea’s Kospi rose 0.7%. In China, the Shanghai Composite Index added 0.9%, thanks to a surge in coal stocks after data showed China succeeded in cutting output in the...>> view originalDelta: 'Large-scale cancellations' after crippling power outage
The week is off to a bad start for Delta passengers. Delta Air Lines said early Monday that all of its departing flights have been grounded by a global computer system outage. "Our systems are down everywhere," it tweeted in response to disgruntled customers. Delta (DAL), the world's second largest airline, said the problem is a power outage at its Atlanta hub, starting at about 2:30 a.m. ET. "Large-scale cancellations are expected today," Delta said. While flights already in the air ..>> view originalSotheby's Quarterly Results Top Expectations
Sotheby’s revenue fell on lower agency commissions and fees and inventory sales in the latest quarter, though profitability improved as the auction house faces a fresh round of activist pressure. “While we would certainly prefer to see a stronger art market, we are pleased with the progress we have been making on our strategic initiatives and the beneficial changes to our team and organization,” said Chief Executive Tad Smith. “When the art market improves—and it certainly will—our company is ..>> view originalAmazon Japan Raided on Suspicion of Antitrust Practices: Report
Japan's Fair Trade Commission has raided the offices of Amazon's local unit on suspicion of pressuring retailers to offer products at lower prices than on rival sites, the Nikkei business daily said on Monday. The paper, which cited unidentified sources with knowledge of the case, did not say when the raid took place. Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City, January 29, 2016. REUTERS/Mike Segar/File Photo A Japan Fair Trade Commissi..>> view originalDisappointing China July imports suggest cooling domestic demand
BEIJING China's exports and imports fell more than expected in July in a rocky start to the third quarter, pointing to further weakness in global demand in the aftermath of Britain's decision to leave the European Union.Imports fell 12.5 percent from a year earlier, the biggest decline since February and suggesting China's domestic demand may be faltering despite a flurry of measures to stimulate economic growth. "I think (the drop in imports) is mainly from the demand side," said Ma Xiaoping,..>> view originalTrump, Clinton duel over economy, jobs
Story highlightsDonald Trump will call for a moratorium on new financial regulations and a repeal of the federal estate taxTrump's economic plan is being rolled out as the campaign shifts focus after a disastrous weekIn Detroit on Monday, Trump is set to outline an economic plan that calls for a ban on new financial regulations, a repeal of the estate tax and more items that his advisers argue will benefit the middle class.The Republican nominee's shift to policy comes after a disastrous post-co..>> view originalSteinhoff Buys Mattress Firm For 115% Premium As Foreign Buyers Bet Big On The US Economy
Thursday, August 18, 2016
What Foreign Companies Can Learn From The Uber-Didi Affair and other top stories.
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