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Wall Street Weekahead: Main Street leans toward Sanders, but Wall Street says Trump

February 29, 2020 by  
Filed under News

Vermont Senator Bernie Sanders may be surging in the polls ahead of Super Tuesday, but some on Wall Street have made their own conclusions on what November will bring: four more years of President Donald Trump.


Source: Reuters Business News

Toyota plans new $1.2 billion EV plant in Tianjin with FAW: document

February 29, 2020 by  
Filed under News

Japanese automaker Toyota plans to build a new electric vehicle plant in the Chinese city of Tianjin with its local partner FAW Group, a document from the local authorities showed.


Source: Reuters Business News

Elliott targets Twitter, seeking CEO Dorsey's removal: sources

February 28, 2020 by  
Filed under News

Hedge fund Elliott Management Corp has amassed a stake in Twitter Inc and is pushing for changes, including removal of the social media company’s chief executive, Jack Dorsey, two people familiar with the matter said on Friday.


Source: Reuters Business News

USTR vows to push for trade deals with Britain, EU; seeks reforms at WTO

February 28, 2020 by  
Filed under News

The Trump administration on Friday said it would focus on concluding new trade agreements with Britain, the European Union and Kenya over the coming year, while strictly enforcing trade laws and pushing for reforms of the World Trade Organization.


Source: Reuters Business News

Harley-Davidson looks for new leadership to end its sales struggle

February 28, 2020 by  
Filed under News

Harley-Davidson Inc on Friday named a board member hailed for turning around the Puma brand’s near-bankrupt business as its interim chief as the motorcycle maker gropes for an effective strategy to woo young customers and revive sales.


Source: Reuters Business News

Explainer: How U.S. markets will function if coronavirus breaks out in NYC

February 28, 2020 by  
Filed under News

If an outbreak of coronavirus hits New York, it could cause more sharp selling of stocks, but markets would likely continue to function even if the floor of the New York Stock Exchange had to close.


Source: Reuters Business News

Ex-Barclays bankers cleared over 2008 Qatar fees in blow to UK fraud office

February 28, 2020 by  
Filed under News

Three former Barclays executives were unanimously acquitted on Friday of charges they helped funnel 322 million pounds ($418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.


Source: Reuters Business News

'Big Dog' and the 'omnipotent sheikh' – how Qatar saved Barclays

February 28, 2020 by  
Filed under News

When Roger Jenkins was asked to help Barclays avoid a state bailout at the height of the financial crisis in 2008, he was expecting a bonus not a prosecution for his efforts.


Source: Reuters Business News

Wall Street selloff deepens on pandemic fears

February 28, 2020 by  
Filed under News

Wall Street plunged in a volatile trading session heading into the weekend, extending a steep selloff from last week as the fast-spreading coronavirus raised fears of a global recession.


Source: Reuters Business News

Intesa Sanpaolo hires four additional advisers for UBI Banca bid

February 28, 2020 by  
Filed under News

Intesa Sanpaolo has picked JP Morgan, Morgan Stanley, UBS and Equita Sim as advisers for its bid on rival UBI Banca , Italy’s biggest retail bank said on Friday.


Source: Reuters Business News

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