August 2019 – Page 259

UPDATE 1-Fiat-Renault deal hints lift European shares

Car industry shares drove a rebound in European stock markets on Wednesday, helped by an Italian newspaper report suggesting merger talks between Fiat Chrysler and Renault have…… Read more “UPDATE 1-Fiat-Renault deal hints lift European shares”

Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, benefited from a strong finish to the second quarter to post a 3% return on investment, buoyed by…… Read more “Norwegian wealth fund buoyed by U.S. tech giants”

Deutsche Post DHL will no longer deliver fresh food in Germany for Amazon as demand for the service launched in 2017 has been disappointing, a spokeswoman said…… Read more “DHL stops deliveries for Amazon Fresh in Germany”

(Bloomberg) — China confirmed that it was holding a U.K. consulate employee in Hong Kong on allegations of violating local law, as protesters planned to rally for…… Read more “China Confirms U.K. Consulate Staffer in Hong Kong Detained”

Goldman Sachs has applied for majority control of its Chinese joint venture, the bank confirmed on Wednesday, the latest international bank to do so ahead of Chinese…… Read more “Goldman moves to take majority control of China joint venture”

Moody’s Investors Service says that Baidu Inc.’s modest 1H 2019 results will not immediately affect its A3 issuer or senior unsecured ratings, or the positive outlook on…… Read more “Baidu Inc. — Moody’s Baidu’s A3 ratings unaffected by moderate 1H 2019 results”

U.S.-based Citigroup and French bank BNP Paribas are caught up in the U.S. criminal case against the chief financial officer of China’s Huawei Technologies, according to newly…… Read more “Citigroup, BNP caught up in U.S. case against Huawei CFO – documents”

Moody’s Investors Service says that Weibo Corporation’s (Baa1 stable) 1H 2019 results were in line with Moody’s expectations and do not affect the company’s Baa1 issuer or…… Read more “Weibo Corporation — Moody’s: Weibo reports solid 1H 2019 results, no rating impact”