U.S. activist investor Elliott [ECAL.UL] has urged German classifieds group Scout24 to sell its car listings business and ramp up a share buyback program to boost returns to investors.
Global stocks extended their already substantial losses and the offshore yuan hit an all-time low on Tuesday after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
Global stocks extended already substantial losses on Tuesday as China's yuan currency dropped to an 11-year low after Washington designated Beijing a currency manipulator in a rapid escalation of the U.S.-China trade war.
Federal Reserve Chair Jerome Powell, who last week cut U.S. interest rates as an insurance policy against the effects of "simmering" trade tensions, may need to buy more coverage after the United States late on Monday designated China a currency manipulator.
China's offshore yuan hit a record low on Tuesday, fuelling fresh selling in global financial markets, after the United States branded Beijing a "currency manipulator" in a rapidly escalating trade war between the world's two biggest economies.
'Not everything should be thrown out here" on China's currency devaluation and subsequent plunge on Wall Street, says CNBC's Jim Cramer.
A consortium led by Bombardier Inc said on Monday it had won a contract to build and operate two monorail lines in Egypt for more than $4.5 billion.
Formally declaring China a currency manipulator may scratch a long-term itch for U.S. President Donald Trump, but the move provides few new tools that have not already been employed in two years of trade negotiations with Beijing.
China's official Communist Party newspaper said on Tuesday the United States was "deliberately destroying international order", a day after Washington branded Beijing a currency manipulator in a rapidly escalating trade dispute.
Amazon.com Inc Chief Executive Officer Jeff Bezos offloaded $990 million worth of shares in the company last Thursday and Friday, taking the total value of shares sold last week to $2.8 billion.
JPMorgan confirmed it had won an auction to hold a majority equity stake in its Chinese asset management joint venture (JV), becoming the first foreign firm to move closer to taking control of an onshore funds business under new rules.
U.S. stocks opened lower on Monday, extending a sell-off from last week, weighed down by a drop in technology shares and as China's yuan hit its lowest in more than a decade on escalating U.S.-China trade concerns.
Ming-Chi Kuo of TF International Securities says that Apple has planned ahead for the trade war and should be able to offset the costs.
Morgan Stanley explains why "we will enter recession in 3 quarters" if the trade war continues to escalate.
Tesco , Britain's biggest retailer, plans to cut around 4,500 jobs as part of a restructuring of its Metro stores in the latest blow to the high street.