Thursday September 19-th, 2019

Greene King acquired by HK investor Greene King acquired by HK investor

The deal values Greene King at 850p a share and hands shareholders a thumping payout. The deal offered a 51 per cent premium on the value of shares in the brewer, which employs more than 38,000 staff, from last Friday. In their announcement yes...

Oil Futures Settle Slightly Higher Ahead Of Inventory Data Oil Futures Settle Slightly Higher Ahead Of Inventory Data

The United States surpassed Russian Federation in 2011 to become the world's largest producer of natural gas, and surpassed Saudi Arabia in 2018 to become the world's largest producer of petroleum. Ongoing growth in liquefied natural gas export capac...

13 new pot shops set to open in Toronto

In Windsor, Kyriakos Anastasiadi wants to put a cannabis retail store at 545 Ouellette Ave. Three of the seven winners in the east of the province all have locations in the same retail complex in Innisfil, Ont, a situation which Fraser says is bo...

Joint investigation: US states ready antitrust probe of tech titans Joint investigation: US states ready antitrust probe of tech titans

One source believes up to 20 states could be involved in the investigation, which may focus on the competitive practices of the companies. If true, the move follows the Department of Justice, which last month announced its own antitrust review of...

Trump flip-flops on tax cuts, saying US has 'strong economy' Trump flip-flops on tax cuts, saying US has 'strong economy'

In unusually blunt language, the blog post seemed targeted straight at President Trump , who has persistently demanded that the Federal Reserve cut interest rates to weaken the USA dollar and juice the economy, while imposing round after round of ...

Wall Street rises at open as Lowe's, Target boost retailers Wall Street rises at open as Lowe's, Target boost retailers

Last year, the company announced several store closures in the us and Canada in an effort to reduce costs. Target has been pushing faster delivery and investing heavily in new private label brands. "Powell is in a hard spot in that you have a mee...

Hyundai teases EV concept '45' ahead of Frankfurt Motor Show Hyundai teases EV concept '45' ahead of Frankfurt Motor Show

Called the 45, it's said to feature styling references to the brand's first production vehicle - the Mitsubishi-powered Pony hatchback - which launched in 1974. Instead of traditional taillights, there's a full-width LED light bar which can show gr...

Chick-fil-A, Popeyes spark heated Twitter debate over best chicken sandwich Chick-fil-A, Popeyes spark heated Twitter debate over best chicken sandwich

While there are no pickles included (advantage: Chick-fil-A), the company says the sandwich delivers "just a hint of dill flavor". The division of Walmart has gone to a lot of effort to create its version of a classic chicken breast sandwich and ...

Splunk to buy cloud software firm SignalFx in US$1 billion deal Splunk to buy cloud software firm SignalFx in US$1 billion deal

Separately, Splunk reported a second-quarter loss of $100.87 million, compared with a loss of $103.50 million past year, hurt by higher operating expenses. In terms of outlook, analysts are looking for earnings of 52 cents a share on revenue of $59...

Futures rise ahead of central bank action Futures rise ahead of central bank action

Currency investors are waiting for a statement from Fed Chairman Jerome Powell in Jackson Hole on Friday as well comments from global monetary authorities who will meet at a Group of Seven event this weekend about possible measures to lift slumpi...

Weekly Jobless Claims Fall More Than Expected Weekly Jobless Claims Fall More Than Expected

Economists surveyed by Bloomberg had forecast that claims would ease to 216,000. The four-week average is considered more reliable as it smooths out sharp fluctuations in the more volatile weekly figures, giving a more accurate picture of the healt...

Bernie Sanders Wants to Legalize Marijuana Bernie Sanders Wants to Legalize Marijuana

Democratic presidential candidate Bernie Sanders is proposing a criminal justice overhaul that aims to cut the nation's prison population in half, end mandatory minimum sentencing, ban private prisons and legalize marijuana. "But as you may have no...

Asian Stocks Trade Higher On China's Bank New Loan Prime Rates News Asian Stocks Trade Higher On China's Bank New Loan Prime Rates News

Indeed, existing loans including mortgages are still exempt from the new benchmark scheme. PBOC has cut the RRR six times since early 2018 in attempts to boost economic activity by naking more money available for lending to small- and medium-sized bu...

Mercedes-Benz reveals its electric people mover Mercedes-Benz reveals its electric people mover

Mercedes already sells the electric eVito (also based on the V-Class) and eSprinter commercial vans, though the EQV will be the first electric van from Mercedes targeting both private and commercial users. "This means that it offers all of the ty...

Qantas to test non-stop flights to London and NY Qantas to test non-stop flights to London and NY

Three research flights will be conducted in preparation for "Project Sunrise", Qantas' mission to operate direct commercial flights from Brisbane, Sydney and Melbourne to London and NY. Customer feedback on food choices, separate stretching and wellb...

Federal budget deficit will top $1 trillion next year, government watchdog says Federal budget deficit will top $1 trillion next year, government watchdog says

Tariffs are also expected to reduce real income for the average US household by 0.4 per cent, the CBO said in an updated economic forecast. The report also anticipates that the federal deficit will first break $1 trillion in 2020, two years earli...

Del Monte to close Sleepy Eye plant Del Monte to close Sleepy Eye plant

During the processing season that begins in early June and runs into the fall, up to 400 seasonal employees are needed. Joselito D. Campos, Jr., Managing Director and CEO, Del Monte Pacific Limited said in a statement that the decision came after c...

United Kingdom tech firms secure record amount of foreign investment United Kingdom tech firms secure record amount of foreign investment

Industry players say lower valuations in the United Kingdom due to the weaker pound are attracting investors to the sector. United Kingdom tech firms also provide Asian investors with a way to hedge against the trade war, analysts say. And Japan's ...

Amazon opens its largest campus building anywhere, in India Amazon opens its largest campus building anywhere, in India

The largely untapped country is critical to the global domination plans of both Amazon and Walmart, the latter of which spent $16 billion previous year to buy India's biggest startup, retailer Flipkart Online Services Pvt. Macro conditions are un...

Crown FY profit falls 4.7%, cuts franking

Meanwhile, the total revenue generated in that period fell by 5.4 per cent year-on-year as VIP results - mainly generated by Chinese players - dropped by a considerable 26.1 per cent to A$38 billion, whereas main floor gaming revenues went up 0.5 per...

Donald Trump: 'I Am the Chosen One' to Fight China Donald Trump: 'I Am the Chosen One' to Fight China

The comments echoed remarks he made the day prior, while speaking with reporters after a meeting with Romanian President Klaus Iohannis, who was visiting the White House. US President Donald Trump on Wednesday referred to himself as the "chosen on...

Trump Heaps Pressure on Fed, Powell to Cut Rates Trump Heaps Pressure on Fed, Powell to Cut Rates

President Trump stepped up his attacks Wednesday on the Federal Reserve and Chairman Jerome Powell, calling them "the only problem" for the USA economy. FOMC participants said they still viewed a sustained USA economic expansion, strong labor marke...

United Kingdom to 'unshackle' officials from most European Union meetings ahead of Brexit United Kingdom to 'unshackle' officials from most European Union meetings ahead of Brexit

The ID will be an Economic Operator Registration and Identification (EORI) number that will allow businesses to continue trading with the bloc even in the event of Britain leaving the European Union without any agreements in place on 31 October.

Hong Kong group buys UK's largest pub chain Hong Kong group buys UK's largest pub chain

His eldest son, Victor Li Tzar Kuoi, is chairman of CKA Group and will swallow up Greene King when the cash deal goes through. CKA said it was particularly attracted to Greene King because of its "established position in the United Kingdom pub ...

China says it will sanction US firms in Taiwan warplane sale China says it will sanction US firms in Taiwan warplane sale

Foreign Ministry spokesman Geng Shuang urged the U.S. to stop the arms sales and end military contact with Taiwan. Geng said China urges the U.S.to "stop arms sales to and military interactions with Taiwan" or otherwise "bear all the consequences a...

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