Top Stories in Business
China September iron ore imports surge to 20-month high on firm demand
Mon, 14 Oct 2019 04:07:10 -0400
China's iron ore imports rose for a third straight month in September to a 20-month high, according to customs data released on Monday, fueled by firm demand at steel mills and stable shipments from big miners.
China September exports, imports in deeper contraction as tariffs take toll
Mon, 14 Oct 2019 04:07:10 -0400
A slide in China's exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
China September crude oil imports rise on strong seasonal demand
Mon, 14 Oct 2019 04:07:10 -0400
China's crude oil imports in September rose 10.8% from a year earlier as refiners ramped up output amid stable profit margins and solid fuel demand.
Founder of Britain's Superdry becomes permanent CEO
Mon, 14 Oct 2019 03:48:44 -0400
Julian Dunkerton, the founder of British fashion group Superdry , has become the firm's permanent chief executive after he won an acrimonious battle for control in April, it said on Monday.
Trump's hailing of $50 billion in Chinese farm purchases seen as 'meaningless'
Mon, 14 Oct 2019 03:47:26 -0400
China is still a long way from forking out $50 billion for farm goods from the United States, agriculture industry analysts said on Monday, cautioning that getting there is contingent on removing substantial technical and political hurdles.
WTO authorizes U.S. to target EU goods with tariffs over Airbus
Mon, 14 Oct 2019 03:37:42 -0400
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after a decision earlier this month by a WTO arbitrator over subsidies to planemaker Airbus .
Oil prices down as U.S.-China trade deal has no outcome
Mon, 14 Oct 2019 03:36:48 -0400
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week's optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.
Emirates president says he does not expect to take any Boeing 777x in 2020
Mon, 14 Oct 2019 03:03:58 -0400
Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet.
Volkswagen CEO says electric car shift won't hurt margins: paper
Mon, 14 Oct 2019 03:02:23 -0400
Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.
Laura Ashley CFO to leave retailer after two decades
Mon, 14 Oct 2019 02:53:43 -0400
Clothing and furnishing retailer Laura Ashley Holdings Plc said on Monday it had named Sagar Mavani as its chief financial officer, replacing Seán Anglim who has been with the company since 1998. Mavani's appointment comes at a time when the company is struggling with poor performance in its home furnishings business and a decline in online sales. The company swung to a full-year pretax loss of almost 10 million pounds ($12.57 million) earlier this year. Anglim, w
China September copper imports rise to eight-month high, aluminum exports fall
Mon, 14 Oct 2019 02:20:16 -0400
China's copper imports rose 10.15% in September from a month earlier, to their highest in eight months, data from the customs showed on Monday, as higher prices in Shanghai drew shipments to the world's top consumer of the metal.
Liberty Global backs Sunrise capital hike with 500 million sfr offer
Mon, 14 Oct 2019 02:01:01 -0400
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) in newly created Sunrise Communications shares - a move aimed at rescuing the 6.3 billion franc sale of its Swiss business.