Mois : août 2019

Thousands protest British PM Johnson’s move to suspend parliament

LONDON/BELFAST () – Thousands of people across Britain and Northern Ireland protested on Saturday against Prime Minister Boris Johnson’s decision to suspend parliament for about a month before the deadline for the country to leave the European Union. Anti-Brexit protestors demonstrate outside the gates of Downing Street at Whitehall in London, Britain, August 31, 2019.

UPDATE 1-Sweden to introduce bank tax to fund defence boost

STOCKHOLM () – Swedish Finance Minister Magdalena Andersson said on Saturday the center-left coalition government would introduce a bank tax to help fund greater defense spending from 2022. FILE PHOTO: Sweden’s Minister of Finance Magdalena Andersson speaks after a government meeting in Harpsund, Sweden August 16, 2018. /Daniel DicksonThe Social Democrats and Greens said on

UPDATE 1-UK finmin Javid says he has fantastic relationship with PM Johnson

LONDON () – Britain’s finance minister Sajid Javid on Saturday he had a “fantastic” relationship with Boris Johnson after reports of a furious argument with the prime minister after the sacking of one of his aides. Britain’s Chancellor of the Exchequer, Sajid Javid arrives at SGS College Filton, where Javid himself was a student, in

UK finmin Javid says he has fantastic relationship with PM Johnson

Britain’s Chancellor of the Exchequer, Sajid Javid arrives at SGS College Filton, where Javid himself was a student, in Bristol, Britain, August 30, 2019. /Toby Melville/PoolLONDON () – Britain’s finance minister Sajid Javid on Saturday he had a “fantastic” relationship with Boris Johnson after reports that he had a furious argument with the prime minister

LatAm delivery app Rappi plans to double footprint by year-end

MEXICO CITY () – Latin American delivery app Rappi plans to almost double the number of cities it operates in by year’s end, its co-founder said on Friday, following a $1 billion injection from Japan’s SoftBank that signals growing foreign interest in the region. The logo of Colombian on-demand delivery company Rappi is seen on

Dorian strengthens into category 4 hurricane- NHC

Aug 30 () – Dorian strengthened into an extremely dangerous category 4 hurricane, the U.S. National Hurricane Center said on Friday. Dorian was located about 400 miles (645 kilometers) east of the northwestern Bahamas, packing maximum sustained winds of 130 mph (215 km/h), the Miami based weather forecaster said. Reporting by Nallur Sethuraman in Bengaluru,

UPDATE 1-Juul raises over $750 million in expanded funding round

FILE PHOTO: A sign advertising Juul brand vaping products is seen outside a shop in Manhattan in New York City, New York, U.S., February 6, 2019. /Mike Segar () – E-cigarette maker Juul Labs Inc, which is facing regulatory scrutiny in the domestic U.S market, has raised $785.2 million in an equity and debt offering

Juul raises over $750 million in expanded funding round

Aug 30 () – E-cigarette maker Juul Labs Inc, which is facing regulatory scrutiny in the domestic U.S market, has raised $785.2 million in an equity and debt offering as it looks to expand globally, a regulatory filing showed. A person familiar with the fundraising said the Friday’s filing was an expansion of the offering

UPDATE 1-U.S. FCC chair Pai seeks approval for Nexstar-Tribune merger

FILE PHOTO: Chairman Ajit Pai speaks at the Federal Communications Commission in Washington, U.S., December 14, 2017. /Aaron P. BernsteinWASHINGTON () – Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues to order the go ahead for Nexstar Media Group Inc’s (NXST.O) acquisition of Tribune Media Co (TRCO.N) in a $6.4

U.S. FCC chair Pai seeks approval for Nexstar-Tribune merger

WASHINGTON, Aug 30 () – Federal Communications Commission chairman Ajit Pai on Friday sought approval from his colleagues for an order to approve Nexstar Media Group Inc’s acquisition of Tribune Media Co in a $6.4 billion tie-up, a spokeswoman for the agency said. Last month, the U.S. Justice Department approved the deal, saying the companies

UPDATE 8-Argentine central bank curbs financial institutions access to pesos

BUENOS AIRES () – Argentina’s battered bonds and currency were driven still lower on Friday amid downgrades by three credit rating agencies and a new policy that the central bank said would ensure the liquidity of the country’s financial system. Some private economists said the policy, which could limit the availability of hard peso currency

UPDATE 1-Vanguard seeks more boardroom diversity and wants details

BOSTON () – Top mutual fund manager Vanguard Group Inc will ask companies about the gender, age and race of their directors, adding pressure on U.S. companies to diversify their leadership. Vanguard gave the guidance in its annual stewardship report released on Friday morning. With about $5 trillion under management and known for products like

Julius Baer decides to keep Kairos after strategic review

FILE PHOTO: The sign for Swiss bank Julius Baer is seen at a branch office in Luzern, Switzerland, November 23, 2017. /Arnd WiegmannZURICH () – Lender Julius Baer (BAER.S) has decided to keep its Italian subsidiary Kairos after completing a strategic review and as the asset and wealth manager’s performance improves, Switzerland’s third-largest listed bank

Dorian becomes category 3 hurricane -NHC

Aug 30 () – Dorian strengthened into a category 3 hurricane on the Saffir-Simpson Wind Scale and could be a significant threat to Florida and the northwestern Bahamas, the U.S. National Hurricane Center (NHC) said on Friday. Dorian was located about 445 miles (715 kilometers) east of the northwestern Bahamas with maximum sustained winds of

Bets rise for Mexico rate cut as central bank highlights concern

MEXICO CITY, Aug 30 () – Expectations for a September interest rate cut in Mexico are growing after the central bank in recent days slashed its 2019 economic forecast and underscored concerns about slowing growth, domestic demand and private investment. Known as Banxico, the central bank said economic stagnation reflected weakness in most areas of

Brazil real has weakest month in 4 years

BRASILIA, Aug 30 () – Brazil’s real lost almost 8% in August, making it one of the worst-performing currencies against the dollar, behind Argentina’s peso, and marking its weakest month in four years. The slide, exacerbated by market positioning, aggressive bets on lower Brazilian interest rates and a financial crisis in neighboring Argentina, took the

FOREX-Euro falls to its lowest since May 2017

NEW YORK () – The euro fell below $1.10 on Friday to its weakest since May 2017 as a multi-day downward shift in the single currency intensified in afternoon trade. FILE PHOTO: A man is seen in front of a sheet of five Euro notes at the opening of the new Central Bank of Ireland

UPDATE 2-European stocks end brutal August on a positive note

() – European stocks scaled fresh one-month highs on Friday, wrapping up a brutal month on a positive note as investors took comfort from Chinese and U.S. willingness to return to trade talks. Traders work at their desks in front of the German share price index, DAX board, at the stock exchange in Frankfurt, Germany,

Scout24’s activist shareholders gain non-executive board seat

FILE PHOTO: The headquarters of Scout24, an operator of digital marketplaces for real estate and automobiles, is pictured in Munich, Germany, July 5, 2019. /Michael DalderMUNICH () – Activist investors calling for strategic change at Scout24 (G24n.DE) have won a vote to place a representative on the German classifieds group’s non-executive supervisory board, ramping up

African Rainbow Minerals to moth-ball loss-making Nkomati mine

JOHANNESBURG, Aug 30 () – South African diversified miner African Rainbow Minerals (ARM) said on Friday it would reduce production at its loss-making Nkomati mine in preparation for closure. The nickel mine, in Mpumalanga province, was hit by soaring costs and lower metals prices in the last few years, the firm said during its annual