Bank of England fails to reassure markets after pound plunge
LONDON (AP) — The Bank of England sought to reassure financial markets after the British pound touched an all-time low…
London Aluminium Hits 18-month Low On Demand Concerns
By Mai Nguyen (Reuters) -London aluminium prices dropped to their lowest in more than 18 months on Monday, as concerns…
Volkswagen’s PowerCo And Umicore Form Joint Venture On Precursor And Cathode Material For Batteries
(Reuters) – Volkswagen’s battery unit PowerCo has formed a joint venture with Belgium’s Umicore for the production of precursor and…
Sterling Plunges To All-time Low In Scathing Appraisal Of Fiscal Plan
By Kevin Buckland TOKYO (Reuters) -Sterling tumbled nearly 5% to an all-time low on Monday as investors ran for the…
Amazon to hold holiday shopping event in October
Amazon said Monday that next month it will hold a second Prime Day-like shopping event, making it the latest major…
McDonald’s Hikes Prices In Japan On Higher Input Costs, Weaker Yen
TOKYO (Reuters) -Japan’s McDonald’s fast food restaurants will raise prices on about 60% of its offerings to customers, fuelled by…
Asian shares mixed after Dow falls into bear market
Stocks were mixed in Asia on Tuesday after closing broadly lower on Wall Street, where the Dow Jones Industrial Average…
Sterling Plunges To All-time Low As Fiscal Plan Spurs Investor Exodus
By Kevin Buckland TOKYO (Reuters) – Sterling tumbled to a record low on Monday as traders scampered for the exits…
Tender To Sell Evergrande’s Hong Kong Headquarters To Close On Oct 31
HONG KONG (Reuters) – A tender sale of China Evergrande Group’s headquarters in Hong Kong will close on Oct. 31,…
KKR-led $13 Billion Buyout Of Australia’s Ramsay Health Collapses
By Byron Kaye and Harish Sridharan (Reuters) – A KKR & Co Inc led group withdrew a A$20 billion ($13…