Alibaba's Hong Kong listing offers valuable Beijing goodwill
Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
Alibaba's Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday.
Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos.
Danske Bank said on Thursday it has been preliminary charged by the Danish prosecutor for overcharging customers for an investment product.
The firm downgraded shares of Kraft Heinz to sell from neutral because the stock has gone up too much since Kraft's strong third-quarter earnings.
SoftBank, whose $5 billion Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region's tech scene.
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.
Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday.
The system is called GRAF, or Global High Resolution Atmospheric Forecasting, and will have many applications globally for governments and industries.
World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
Icahn, who owns a 10.6% stake in Xerox, now owns a 4.24% stake in HP, according to The Wall Street Journal.
Asda, the British supermarket arm of U.S. retail giant Walmart , reported lower sales in its latest quarter, saying uncertainty surrounding Britain's exit from the European Union had negatively affected spending patterns.
Experts say there is a misconception that your credit score won't be negatively affected unless your total balance climbs above 30% of your available credit.