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Royal Mail union loses appeal to overturn injunction to halt strike

Britain's Royal Mail on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike ahead of a general election and holiday season next month.



5 years ago

Green's in fashion as Lithuanian used clothes site joins $1 billion club

Vinted, an online marketplace for second-hand clothes, has surfed a sustainable fashion wave to become Lithuania's first technology startup to reach "unicorn" status with a valuation of over $1 billion.



5 years ago

Wave of European Cannabis firms to list in 2020, analyst says

Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American "pot stocks" frenzy, a leading industry analyst said on Thursday.



5 years ago

Royal Mail union loses appeal to overturn injunction halting strike

Britain's Royal Mail on Thursday confirmed that its biggest union lost an appeal to overturn a High Court injunction to stop a strike ahead of a general election and the holiday season next month.



5 years ago

Permira, North Face owner among bidders for sneaker brand Golden Goose: sources

U.S. apparel and footwear conglomerate VF Corporation and buyout funds Permira and Advent are lining up indicative offers for Italian shoe brand Golden Goose ahead of a mid December deadline, sources familiar with the matter told Reuters.



5 years ago

State-controlled lender Banco do Brasil sees 2020 profit up 10%: CFO

Brazilian state-controlled lender Banco do Brasil SA sees its profits likely to grow 10% in 2020 from this year, its Chief Financial Officer Carlos Hamilton Araujo said on Thursday in a meeting with analysts.



5 years ago

PSA readying sale of its stake in Chinese tie-up with Changan

Peugeot maker PSA Group is preparing to sell its 50% stake in a joint venture with Chongqing Changan Automotive , a Chinese partner also exiting the manufacturing tie-up, a spokesman for the French carmaker said on Thursday.



5 years ago

Hedge funds control 35-45% of Osram shares in headache for suitor AMS: source

Hedge funds control 35-45% of the shares of German lighting group Osram , posing a headache for Austrian suitor AMS as the investors may press for the $5 billion offer to be sweetened, a person close to the matter said on Thursday.



5 years ago

State-controlled lender Banco do Brasil sees 2020 profit up 10%

Brazilian state-controlled lender Banco do Brasil SA sees its profits likely growing 10% in 2020 from this year, its Chief Financial Officer Carlos Hamilton Araujo said on Thursday in a meeting with analysts.



5 years ago

Oil ends mixed, pressured by U.S. tensions with China over rights bill

Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, fuelling tensions with China.



5 years ago

Stocks stop short of new peaks as Sino-U.S. tensions weigh

Global shares ticked up on Friday, but hesitated to test an all-time peak as investors worried a new U.S. law backing Hong Kong protests could derail Washington's and Beijing's efforts to end their trade war.



5 years ago

'Tis the season: Quotes from shoppers ahead of America's biggest shopping day

Stuffed with turkey after Thanksgiving feasts, shoppers headed out to stores across the United States in a quest to score the best Black Friday discounts, with early promotions marking the start of a condensed holiday shopping season.



5 years ago

Stocks hesitate just short of new peaks as clouds darken over U.S.-China ties

Asian markets slipped on Friday leaving global shares just short of an all-time peak as investors turned cautious, fearing a new U.S. law backing Hong Kong protesters could torpedo efforts to end the U.S.-China trade war.



5 years ago

China limits number of rides drivers can offer through car-pooling services

China's Ministry of Transport said car-pooling services have to limit the daily number of rides drivers can offer through apps such as Didi Chuxing's Hitch, which began trial operations this month a year after passenger deaths left the service suspended.



5 years ago

U.S. consumer spending increases steadily; inflation muted

U.S. consumer spending rose steadily in October, suggesting the economy will probably maintain its moderate pace of growth in the fourth quarter.



5 years ago