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WeWork throws in the towel on its ill-fated IPO

September 30, 2019 by  
Filed under News

WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer.


Source: Reuters Business News

Apple and Merck drive Wall Street higher as trade worries abate

September 30, 2019 by  
Filed under News

U.S. stocks rose on Monday, helped by surges in Apple and Merck & Co as investors set aside worries about the U.S.-China trade war.


Source: Reuters Business News

Explainer: What delisting Chinese firms from U.S. stock markets could mean

September 30, 2019 by  
Filed under News

U.S. President Donald Trump’s administration is considering forcing Chinese firms to delist from U.S. stock exchanges, according to sources, a move that would escalate U.S.-China tensions and could throw some of China’s biggest companies into chaos.


Source: Reuters Business News

On U.S. delisting threat, China says 'decoupling' would harm both sides

September 30, 2019 by  
Filed under News

China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges.


Source: Reuters Business News

Forever 21 closing stores in bankruptcy filing shows limits to fast fashion

September 30, 2019 by  
Filed under News

Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc and the changing fashion trends dictated by millennial shoppers.


Source: Reuters Business News

Exclusive: Nasdaq cracks down on IPOs of small Chinese companies

September 29, 2019 by  
Filed under News

Nasdaq Inc is cracking down on initial public offerings (IPOs) of small Chinese companies by tightening restrictions and slowing down their approval, according to regulatory filings, corporate executives and investment bankers.


Source: Reuters Business News

Vape product concerns weigh on Canadian cannabis companies looking for sales boost

September 29, 2019 by  
Filed under News

A U.S. recommendation that consumers avoid vaping products containing the active ingredient in marijuana ahead of their legalization in Canada next month could be a blow to Canadian cannabis companies’ hopes that the higher-margin products will help propel them to profitability.


Source: Reuters Business News

Boeing omitted safeguards on 737 MAX that were used on military jet: WSJ

September 29, 2019 by  
Filed under News

Boeing Co engineers working on the 737 MAX passenger plane’s flight-control system omitted safeguards included in an earlier version of the system used on a military tanker jet, The Wall Street Journal reported on Sunday, citing people familiar with the matter.


Source: Reuters Business News

China urges 'calm and rational' resolution to U.S.-Sino trade war

September 29, 2019 by  
Filed under News

China hopes Beijing and Washington will resolve their trade dispute “with a calm and rational attitude”, Vice Commerce Minister Wang Shouwen said on Sunday, ahead of talks in two weeks between the two sides.


Source: Reuters Business News

U.S. Treasury says no plans to block Chinese listings 'at this time': Bloomberg

September 29, 2019 by  
Filed under News

The United States does not currently plan to stop Chinese companies from listing on U.S. exchanges, Bloomberg reported on Saturday, citing a U.S. Treasury official.


Source: Reuters Business News

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