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U.S. government contractors to get first look at Huawei ban on Wednesday

August 7, 2019 by cbn Leave a Comment

U.S. government contractors to get first look at Huawei ban on Wednesday

The White House Office of Management and Budget is slated on Wednesday to release an interim rule for a ban on federal purchases of telecommunications equipment from five Chinese companies, including Huawei, a senior administration official said.

Filed Under: Financial Planning

BP to enter India’s fuel retail market with Reliance tie-up

August 6, 2019 by cbn Leave a Comment

BP to enter India’s fuel retail market with Reliance tie-up

Global oil major BP is deepening its ties with Indian conglomerate Reliance Industries by forging a fuel retailing joint venture to capitalise on rising demand in Asia’s third-biggest economy.

Filed Under: Financial Planning

Wall Street slumps as yuan slide intensifies trade angst

August 5, 2019 by cbn Leave a Comment

Wall Street slumps as yuan slide intensifies trade angst

Wall Street’s main indexes fell sharply on Monday, with the Dow Jones Industrial Average tumbling more than 500 points, as China’s willingness to let the yuan slide in response to the latest U.S. tariff threat fanned fears that it could further aggravate an ongoing trade war.

Filed Under: Financial Planning

Iran seizes foreign oil tanker smuggling fuel in Gulf – state media

August 4, 2019 by cbn Leave a Comment

Iran seizes foreign oil tanker smuggling fuel in Gulf – state media

Iranian Revolutionary Guards seized a foreign oil tanker in the Gulf which they said was smuggling fuel and detained seven crewmen, Iran’s state media reported on Sunday, in a show of power amid heightened tension with the West.

Filed Under: Financial Planning

JPMorgan in pole position to lead WeWork IPO after debt offering: sources

August 3, 2019 by cbn Leave a Comment

JPMorgan in pole position to lead WeWork IPO after debt offering: sources

WeWork owner The We Company has tapped JPMorgan Chase & Co to head an upcoming debt offering, putting the bank in pole position to lead a planned initial public offering (IPO) later this year, people familiar with the matter said.

Filed Under: Financial Planning

Trump to announce EU beef trade deal Friday: economic adviser Kudlow

August 2, 2019 by cbn Leave a Comment

Trump to announce EU beef trade deal Friday: economic adviser Kudlow

U.S. President Donald Trump will announce a deal on Friday to sell more American beef to Europe, White House economic adviser Larry Kudlow said, marking a modest win for an administration that remains mired in a trade war with China.

Filed Under: Financial Planning

Yum Brands posts earnings beat on KFC boost, Pizza Hut rebound

August 1, 2019 by cbn Leave a Comment

Yum Brands posts earnings beat on KFC boost, Pizza Hut rebound

Yum Brands Inc beat expectations for quarterly profit on Thursday, as menu refreshes and a delivery push drove better-than-expected growth at all of the restaurant operator’s chains, including Pizza Hut, sending its shares to a record high.

Filed Under: Financial Planning

Apple woos investors with China gain, market value nears $1 trillion

July 31, 2019 by cbn Leave a Comment

Apple woos investors with China gain, market value nears $1 trillion

Apple Inc shares rose 4.4% on Wednesday, after the company calmed Wall Street nerves with an improvement in sales in China and as several brokerages predicted a boost from its services business and the launch of new iPhones in the second half of 2019.

Filed Under: Financial Planning

Trump warns China not to wait for 2020 U.S. election to make trade deal

July 30, 2019 by cbn Leave a Comment

Trump warns China not to wait for 2020 U.S. election to make trade deal

U.S. President Donald Trump on Tuesday warned China against waiting out his first term to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome could be no agreement or a worse one.

Filed Under: Financial Planning

China’s Beijing Kunlun to relaunch Grindr IPO

July 29, 2019 by cbn Leave a Comment

China’s Beijing Kunlun to relaunch Grindr IPO

Chinese gaming company Beijing Kunlun Tech Co Ltd is relaunching the process to float popular gay dating app Grindr Inc after it said a U.S. national security panel had dropped its opposition to the plan.

Filed Under: Financial Planning

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