Today's Top Story
Eyes on U.S. prize, Primark considers Central American suppliers
LONDON (Reuters) - Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain's Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America. Read More
Business News
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U.S. stock futures gain on better trade tone, oil climbs
SYDNEY (Reuters) - Wall Street stock futures edged up in early trade on Monday, setting an upbeat tone for Asian markets on hopes of an interim Sino-U.S. tariff deal after the U.S. Trade Representative characterized their two days of talks as "productive".
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SoftBank turns against WeWork's parent CEO Neumann: sources
(Reuters) - Japan's SoftBank Group Corp <9984.T>, the biggest investor in WeWork owner The We Company, is exploring ways to replace Adam Neumann as chief executive of the U.S. office-sharing start-up, four people familiar with the matter said on Sunday.
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Travel group Thomas Cook battles for survival ahead of Monday deadline
LONDON (Reuters) - The British government has plans in place to bring home stranded holidaymakers if Thomas Cook
goes out of business, an event that would likely spark chaotic scenes at resorts and airports around the world. - More Business News»
Economic News
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U.S. stock futures gain on better trade tone, oil climbs
SYDNEY (Reuters) - Wall Street stock futures edged up in early trade on Monday, setting an upbeat tone for Asian markets on hopes of an interim Sino-U.S. tariff deal after the U.S. Trade Representative characterized their two days of talks as "productive".
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China needs to change way it finances economy, think tank says
HANGZHOU, China (Reuters) - China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the funds they need for growth, a leading Chinese think-tank said in a report published Sunday.
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UAE expects 2.4% GDP growth in 2019: central bank
DUBAI (Reuters) - The United Arab Emirates expects its economy to grow 2.4% in 2019, driven by faster growth in the oil sector, the central bank said in a report on Sunday.
- More Economic News»
Money News
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Private equity can still find 'diamonds in the rough': Apollo exec
NEW YORK (Reuters) - Private equity billionaire Joshua Harris thinks there are still plenty of undervalued companies to improve and profit from, especially away from the public markets.
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Australian regulator loses landmark pension fund court battle
SYDNEY (Reuters) - Australia's banking watchdog lost a landmark case on Friday after a court ruled it had not proved its case alleging wealth manager IOOF Holdings had breached pension laws.
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China drafts bar for net capital of banks' wealth management units
BEIJING (Reuters) - China released draft rules on net capital management of commercial banks' wealth management units on Friday, a follow-up move to regulate the risk of country's newly structured wealth management industry.
- More Money News»
