Chinese conglomerate HNA plans significant job cuts: REDD

HONG KONG (Reuters) – Chinese conglomerate HNA Group, faced with liquidity concerns after recent debt-fuelled acquisitions, plans “significant cuts” in its workforce this year, Risk Event-Driven and Distressed Intelligence (REDD) reported, citing five unnamed sources. The job cuts would be part of the group’s “weight-loss” program for this year, the news and analytics provider reported. […]

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New York regulator asks Deutsche, other banks about Kushner loans: source

(Reuters) – New York’s state banking regulator asked Deutsche Bank AG (DBKGn.DE) and two other lenders for information on their relationships with U.S. President Donald Trump’s son-in-law and White House senior adviser Jared Kushner and his family’s real estate company, a person familiar with the matter told Reuters. The New York State Department of Financial […]

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Asian stocks slide, dollar hits six-week high as Powell revives Fed rate fears

TOKYO (Reuters) – Asian stocks fell on Thursday after Wall Street marked its worst monthly performance in two years as the impact from new Federal Reserve chief Jerome Powell’s hawkish-sounding comments reverberated across the broader risk asset markets. Investors have been on edge in recent weeks amid concerns higher interest rates in advanced economies, led […]

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Walmart joins Dick’s Sporting Goods in raising age to buy guns

WASHINGTON/NEW YORK (Reuters) – Walmart Inc (WMT.N), the largest U.S. retailer, joined Dick’s Sporting Goods Inc (DKS.N) in raising the minimum age to purchase firearms to 21 after the massacre at a Florida high school that has reopened a fierce debate over gun control in America. Walmart said that “in light of recent events” it […]

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Stocks slide, dollar near five-week high as Powell revives Fed rate fears

TOKYO (Reuters) – Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of U.S. monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting the dollar. For weeks investors have been on edge, with the recent rout in equities […]

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Spotify plans to list shares, fend off Apple and Amazon

(Reuters) – Music streaming service Spotify on Wednesday filed for a direct listing of its shares, laying out financial data for the first time that cheered some analysts but led others to question how it could turn a profit from its growing subscriber base. Spotify, which wants to trade as SPOT on the New York […]

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Amid NAFTA talks, Mexico airs concerns over U.S. steel tariffs

MEXICO CITY (Reuters) – Mexico’s economy minister met with top U.S. trade officials on Wednesday midway through the latest push to renegotiate the NAFTA trade deal, as concerns about steel added to trade tensions between the two countries. Economy Minister Ildefonso Guajardo met U.S. Commerce Secretary Wilbur Ross and U.S. Trade Representative Robert Lighthizer during […]

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Stock slide, dollar near five-week high as Powell revives Fed rate fears

TOKYO (Reuters) – Asian stocks skidded on Thursday after comments from the Federal Reserve’s new chief rekindled fears about the pace of U.S. monetary tightening this year, sending Wall Street tumbling for its worst performance in two years and lifting the dollar. For weeks investors have been on edge, with the recent rout in equities […]

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