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Japan firms see prolonged Sino-U.S. trade war, China slowdown to persist: Reuters poll

Three in four Japanese companies expect U.S.-China trade frictions to last until at least late this year, a sharp contrast to market hopes that presidents Donald Trump and Xi Jinping might soon strike a deal to end their damaging trade war, a Reuters poll found.
Tags: Japan, Money, China, businessNews, Xi Jinping, Donald Trump, Reuters, U S China


Swiss watchmakers say slowing growth in China won't hurt sales this year

Swiss watchmakers are confident they can grow sales this year even in the face of a cooling Chinese economy, executives told Reuters at an industry fair on Thursday, as demand strengthens in other markets like the United States and Britain.
Tags: Money, China, businessNews, United States, Reuters


Marqeta files to raise $250M on a $1.9B valuation

The world of digital payments continues to power ahead — fuelled by the continuing growth of e-commerce and fintech — and now one of the bigger startups making waves in the secotr is raising a huge round of funding. TechCrunch has learned that Marqeta — a payment processing company that works in the area of powering payment cards on behalf of other brands along with related services — is in the process of raising $250 million on a valuation of $1.875 billion. The figures come by way of a Delawar...
Tags: Europe, Finance, Funding, US, Tech, Banking, Accenture, Max Levchin, Delaware, Reuters, Oakland CA, Iconiq, Marqeta, Granite Ventures, PrimeUnicornIndex Marqeta, Iconiq Goldman Sachs Visa


KKR raising first Asia real estate fund, targeting $1.5 billion: Reuters

HONG KONG (Reuters) – Global investment powerhouse KKR & Co Inc is raising its first Asia-focused real estate fund, targeting $1.5 billion as it looks to deepen its real estate portfolio in the region, said people with knowledge of the matter. The New York-headquartered private equity firm is moving toward first-close of the fund late in the second quarter, the people said, declining to be named as the information is confidential. The firm itself will commit about $250 million in capital, and po...
Tags: Asia, Hong Kong, New York, India, Trends, Asia Pacific, Funds, Goldman Sachs, Seoul, KKR, Reuters, Reuters Global, Blackstone Group, CLSA, Gangnam, Pattar




Deutsche Bank merger talks heighten uncertainty for U.S. staff

Deutsche Bank AG's merger talks with Commerzbank AG has put its 10,000 U.S. workers on edge, three employees told Reuters, with some concerned a deal could pressure Deutsche to further shrink or even dispose of its U.S. businesses.
Tags: Money, businessNews, Deutsche Bank, Reuters, Commerzbank AG, Deutsche, Deutsche Bank AG


Morning Docket: 03.20.19

* "It’ll never happen. I guarantee it won’t happen for six years." Contrary to what Democratic presidential candidates are suggesting, President Trump doesn't want anything to do with expanding the size of the Supreme Court. [Reuters] * As it turns out, special counsel Robert Mueller was investigating Michael Cohen much sooner than he originally led on, and the Cohen probe was handed off to the S.D.N.Y. long before campaign-finance violations were even discovered. [Wall Street Journal] * Tha...
Tags: Real Estate, Crime, Supreme Court, Law, Donald Trump, Campaign Finance, Law Schools, Trump, Reuters, Cohen, Michael Cohen, National Law Journal, Robert Kraft, Robert Mueller, Georgetown Law, Georgetown University Law Center


General Mills lifts profit view on cost cuts, price hikes

Consumer goods companies like General Mills have been raising product prices to make up for rising commodities and transportation costs.
Tags: Finance, Article, General Mills, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/stocks, Fox-business/markets/earnings, Fox-business/industries/food-and-beverage, 0b312b4c-927a-5c03-b00e-e28f1726ed91


Makeup brand Glossier valued at over $1 billion in latest funding round: Reuters

(Reuters) – Glossier Inc, the online cosmetics company with a cult following among millennials, was valued at over $1 billion in a latest funding round led by Sequoia Capital, joining a clutch of billion-dollar makeup brands that are powered by the founders’ social-media popularity. The series D funding round, which raised $100 million, included some existing and new investors such as Tiger Global Management and Spark Capital, Glossier said. Glossier’s products have been worn by Beyonce, Chrissy...
Tags: Yahoo, Trends, Sequoia Capital, Reuters, Emily Weiss, VC Deals, Huda Beauty, Megan Quinn, Oath Inc, Vanessa Wittman, Reuters Glossier Inc, Beyonce Chrissy Teigen Miranda Kerr, PitchBook Data With, Kylie Cosmetics Pat McGrath Labs Jessica Alba


Toshiba Memory IPO likely pushed back two months to November: Reuters

TOKYO (Reuters) – U.S. buyout firm Bain Capital is likely to push back the IPO of Toshiba Memory by around two months, a person with knowledge of the matter said on Wednesday, moving to November what is likely to be one of Japan’s biggest listings this year. Depending on market conditions, the timing could be further pushed as far back as summer 2020, the person said on condition of anonymity, without elaborating on reasons for the initial two-month change. Toshiba Memory is the world’s second-l...
Tags: Japan, Ipo, Trends, IPOs, Tokyo, Bain Capital, Bain, Reuters, Toshiba Corp, Nomura, Jiji, SK Hynix Inc, Toshiba Memory, Toshiba Memory IPO, Mitsubishi UFJ Morgan Stanley


Exclusive: How Iran fuel oil exports beat U.S. sanctions in tanker odyssey to Asia

At least two tankers have ferried Iranian fuel oil to Asia in recent months despite U.S. sanctions against such shipments, according to a Reuters analysis of ship-tracking data and port information, as well as interviews with brokers and traders.
Tags: Asia, Money, Iran, businessNews, Reuters


Japan factory mood hits weakest since 2016 as trade rifts bite - Reuters Tankan

Confidence among Japanese manufacturers hit its weakest in two-and-a-half years in March, a Reuters poll showed, as global trade friction fuelled concerns that a postwar record growth cycle driven by Abenomics may be over.
Tags: Japan, Money, businessNews, Abenomics, Reuters, Reuters Tankan


Everything we know about Ethiopian Airlines’ deadly crash of a Boeing 737 Max 8, the second disaster involving the plane in 5 months, and what Boeing is doing to ensure it never happens again (BA)

A Boeing 737 Max 8 operated by Ethiopian Airlines was the second such plane to crash in five months on Sunday, March 10.  No cause has been determined, but experts say there are many similarities to the Lion Air crash in October. Most countries — including the US, Europe, and China — have all grounded the plane.  Boeing says it will soon roll out software updates to fix a problem with how the plane flies.  Boeing's stock price, as well as shares of related companies, have taken major hits as t...
Tags: Facebook, Europe, France, China, US, Trends, Tesla, Customers, Chicago, United States, New York Times, Faa, Boeing, Canaccord Genuity, Airline, United Airlines


Vladimir Putin signed a restrictive new law that makes it illegal to insult government officials — including him

Vladimir Putin signed a new law that can fine and even jail citizens for insulting the Russia state, its flag, or Putin himself. People who show "blatant disrespect" can be fined up to to 100,000 rubles ($1,550) and repeat offenders can be jailed for up to 15 days. Putin also signed a law mandating fines for those who spread what authorities deem to be "fake news." Critics say the laws amount to state censorship. Russian President Vladimir Putin has signed a new law that can jail citizens for...
Tags: Asia, Europe, Putin, Vladimir Putin, Russia, Trends, Reuters, Michael Cohen, Ilya Yashin, Sarah Clarke, Alexandria Ocasio Cortez


India 'asks banks to rescue Jet Airways'

The government has asked state-run banks to step in to save the struggling airline, Reuters reports.
Tags: Business, India, Jet Airways, Reuters


SEC rebukes Elon Musk, says his tweet about Tesla vehicle production was a 'blatant violation' of court settlement (TSLA)

The Securities and Exchange Commission says a tweet Elon Musk sent in February claiming that Tesla would produce 500,000 vehicles in 2019 was a "blatant violation" of a court settlement between himself, Tesla, and the agency. Among other things, that settlement requires Tesla to appoint a "Twitter czar" who vets Musk's tweets for information material to Tesla before publishing. The SEC, citing Musk's own words, accuses him of not doing that and says "there was never any good faith effort to c...
Tags: Elon Musk, Court, Trends, Tesla, SEC, Aston Martin, Securities And Exchange Commission, Musk, Reuters, Lagonda, Bryan Logan, Shortseller Enrichment Commission Legal


SEC fires at Elon Musk, says his tweet about Tesla vehicle production was a 'blatant violation' of court settlement (TSLA)

The Securities and Exchange Commission filed its rebuttal to Elon Musk's response to the agency's contempt-of-court claim against the Tesla CEO. The Monday filing says a tweet Musk sent in February claiming that Tesla would produce 500,000 vehicles in 2019 was a "blatant violation" of a court settlement to appoint a "Twitter czar" who would vet his tweets for information material to Tesla before publishing. The SEC, citing Musk's own words, accuses him of not doing that and changing his expla...
Tags: Elon Musk, China, Court, Trends, Tesla, SEC, Securities And Exchange Commission, Musk, Reuters, Bryan Logan, Shortseller Enrichment Commission Legal


Ride-hailing firm Lyft launches IPO road show in Uber’s shadow: Reuters

(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation of up to $23 billion and seeking to woo money managers before larger ride-hailing rival Uber Technologies Inc goes public in April. The IPOs of Lyft and Uber represent a watershed for Silicon Valley’s technology unicorns, which for years have snubbed the stock market in favor of raising capital privately, with investors happy to back their frothy valuations. The market rally of...
Tags: Lyft, New York, Ipo, Boston, San Francisco, Trends, United States, Silicon Valley, West Coast, Jefferies, Zimmer, Logan Green, John Zimmer, Reuters, Renaissance Capital, Uber Technologies Inc


Saudi Binladin Group finance chief resigns following restructuring - sources

Saudi Binladin Group's chief financial officer, Klaus Froelich, has resigned, two sources familiar with the matter told Reuters on Monday, following a restructuring of the construction giant under Riyadh's anti-corruption campaign.
Tags: Money, businessNews, Reuters, Riyadh, Saudi Binladin Group, Klaus Froelich


Saudi Binladen Group finance chief resigns following restructuring: sources

Saudi Binladin Group's chief financial officer, Klaus Froelich, has resigned, two sources familiar with the matter told Reuters on Monday, following a restructuring of the construction giant under Riyadh's anti-corruption campaign.
Tags: Money, businessNews, Reuters, Riyadh, Saudi Binladin Group, Saudi Binladen Group, Klaus Froelich


Exclusive: Saudi Arabia curbs family influence in Binladin group shake-up

The influence of Saudi Arabia's Bin Laden family on its eponymous construction business has been curtailed in a restructuring that follows an anti-corruption crackdown by Riyadh, a document seen by Reuters shows.
Tags: Money, Saudi Arabia, businessNews, Bin Laden, Reuters, Riyadh, Binladin


Exclusive: Sanofi says working on CEO succession plan

Pharmaceuticals group Sanofi is working on a plan to find a new CEO in agreement and consultation with current chief executive Olivier Brandicourt, a spokesman for the French drugmaker told Reuters on Monday.
Tags: Money, businessNews, Reuters, Sanofi, Olivier Brandicourt


Home Depot is embarking on a massive hiring spree as retail's war for talent rages on (HD)

Home Depot is on a massive hiring spree for the spring rush. In order to hire around 80,000 store associates, Home Depot is reportedly putting some new in-house technology to use. The home improvement retailer's campaign features a few strategies that other retailers are unleashing in the war for talent that has arisen in today's tight labor market. Spring is almost here, and that means that Home Depot is currently in the process of hiring thousands of store associates across the country...
Tags: Home Depot, US, Trends, Costco, Reuters, Lowe, McDonald, Craig Menear, Eric Schelling, Candidate Self Service


Investigators are sifting through black box data from the Ethiopian Airlines Boeing 737 Max to unlock the cause behind the crash. Here's what a black box really is.

Ethiopian transport minister Dagmawit Moge told reporters on Sunday that an evaluation of the black boxes from crashed Boeing 737 Max 8 jets in Ethiopian Airlines Flight ET302 and Lion Air Flight JT610 showed "clear similarities." Flight ET302's black boxes were flown last week to Paris for evaluation by the BEA, France's highly-respect aviation accident investigation agency. An airliner's black boxes refer to its flight data recorder and cockpit voice recorder. They are bright orange inst...
Tags: Facebook, US, Trends, Paris, Fdr, Boeing, Reuters, Ethiopian Airlines, National Transportation Safety Board, Lion Air, Jakarta Indonesia, CVR, DAVID WARREN, Addis Ababa Bole International Airport, BEA France, Dagmawit Moge


Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO road show (LYFT)

Lyft is seeking a valuation of up to $23 billion as it embarks on its initial-public-offering road show this week. The company wants to raise as much as $2 billion from the road show, it said in an updated filing.  Lyft is the first ride-hailing firm to go public and is expected to spark a slew of tech IPOs this year. Lyft will launch the investor road show for its initial public offering on Monday, seeking a valuation of up to $23 billion, the ride-hailing firm said Monday. The ride-hailing ...
Tags: Lyft, Uber, Europe, Ipo, Russia, Southeast Asia, New York City, US, Trends, United States, Travis Kalanick, Wall Street Journal, Securities And Exchange Commission, Logan Green, John Zimmer, Reuters


Italian payments firm Nexi pushes on with IPO plan: Reuters

MILAN (Reuters) – Italian payments firm Nexi began proceedings on Monday for an initial public offering on the Milan stock exchange, in what would be one of the biggest listings in Europe this year. Nexi’s private equity owners – Bain Capital, Advent and Clessidra – are aiming to raise between 600 and 700 million euros in fresh cash for the company, as well as listing part of their existing stake. Sources told Reuters in February the advisers are targeting an overall valuation of around 8 billio...
Tags: Europe, Milan, Ipo, Trends, IPOs, Worldpay, Reuters, Clessidra, Mediobanca, Fidelity National Information Services Inc, Bain Capital Advent, Nexi, U S fintech


U.S. fintech FIS to buy payment processor Worldpay for about $35 billion: Reuters

(Reuters) – U.S. fintech group Fidelity National Information Services Inc (FIS) has agreed to buy payment processor Worldpay for about $35 billion, in the biggest deal to date in the booming payments industry. The deal is the latest in a wave of consolidation in the financial software and payments technology sectors as firms bulk up to compete with newcomers seeking to disrupt the way merchants are paid. U.S.-based Fiserv Inc bought payment processor First Data Corp in January for $22 billion. I...
Tags: Europe, London, Trends, London Stock Exchange, Italy, Rbs, M&a, Goldman Sachs, Financial Services, Fis, First Data Corp, Worldpay, Reuters, Fifth Third Bancorp, Fiserv Inc, Vantiv


Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO roadshow

Lyft is seeking a valuation of up to $23 billion as it embarks on its IPO roadshow this week, according to Reuters and The Wall Street Journal. The company wants to raise as much as $2 billion from the roadshow. Lyft is the first ride-hailing firm to go public and will spark a slew of tech IPOs this year. Ride-hailing platform Lyft will launch the investor roadshow for its initial public offering on Monday, seeking to raise as much as $2 billion and to be valued at more than $20 billion, acco...
Tags: Lyft, Uber, Europe, Ipo, Russia, Southeast Asia, US, Trends, United States, Wall Street Journal, Journal, Logan Green, John Zimmer, Reuters, Toyota Motor Corp, North America Lyft


Lyft to launch road show for up to $2B IPO: Sources

Lyft will meet with investors across the United States before pricing the IPO and listing on the Nasdaq at the end of the month.
Tags: Finance, Ipo, Article, United States, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/stocks, Fox-business/industries/transportation, Fox-business/markets/wall-street, Fox-business/markets/ipos, 61fd5f68-69b5-5d22-983e-402483d37a14


Electronic Arts took a huge gamble by paying the world's most popular gamer $1 million to play its new game for a day. Here's why it was worth every penny (EA)

To help promote the surprise launch of "Apex Legends," Electronic Arts paid Tyler "Ninja" Blevins, Michael “Shroud” Grzesiek, and several other professional gamers to play and stream the game on release day. Reuters reports that Ninja was paid $1 million to help promote the game; he currently has the most popular stream on Twitch.TV with more than 13 million followers. Electronic Arts says that partner influencers were only paid for the first 24 hours "Apex Legends" was online. The game is sti...
Tags: La, Trends, EA, Reuters, Electronic Arts, Respawn Entertainment, Ninja, Respawn, Fortnite, Tyler Ninja Blevins, Grzesiek, Apex Legends, Apex Legends Electronic Arts, Tyler Ninja Blevins Michael, Michael Shroud Grzesiek Jack CouRage Dunlop, Ninja Apex Legends



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