Business

Google near settlement of French antitrust case, WSJ says

Alphabet Inc’s Google (GOOGL.O) is close to settling an antitrust investigation in France over allegations it abused its power in online advertising, the Wall Street Journal reported on Thursday, citing people familiar with the matter. It said the company was expected to pay a fine and institute operational changes. The French Competition Authority has said […]

Business

Wall St Week Ahead Betting against volatile stock market makes comeback as summer nears

Some investors are revisiting a popular trade that has largely been out of favor since last year’s market tumble: betting against stock market turbulence. Assets in the ProShares Short VIX Short-Term Futures ETF , a popular vehicle for betting against stock market gyrations, have nearly doubled over the last six months to $562 million. Investors […]

Business

Timber bottlenecks lead to construction stoppages in Germany

A general view of a construction site for a residential building, in Berlin, Germany. Supply bottlenecks with timber, steel and insulating material are causing construction stoppages in Germany and threatening to slow the country’s recovery from the coronavirus slump, building associations said on Friday. The German economy, Europe’s largest, shrank more than expected in the […]

Business

Total shareholders back strategy, including on climate, CEO says

Total (TOTF.PA) investors have backed the French energy firm’s strategy, including its approach on climate change, in shareholder votes, chairman and CEO Patrick Pouyanne said on Friday. Total sought backing from shareholders for a motion on its environmental goals, which include reaching carbon neutrality by 2050, at a time when some oil companies have faced […]

Business

Take Five: A looming labour crunch?

1/PRIME TIME PAYROLLS How fast is the U.S. recovery? Friday’s U.S. monthly jobs report will add fuel to the debate. In April, U.S. job growth unexpectedly slowed, possibly because of shortages of workers and raw material. Non-farm payrolls added a mere 266,000 jobs compared to predictions for more than 3-1/2 times that. Optimism over jobs […]

Business

JD Logistics shares lose steam to close 3.3% higher

JD Logistics Inc (2618.HK)shares closed 3.3% higher in their first session on the Hong Kong Stock Exchange Friday, after trading up by as much as 18.3% on debut. The company, spun out from Chinese e-commerce firm JD.com (9618.HK), priced its shares at $HK40.36 each and the stock closed at HK$41.70. They hit a peak of […]

Business

Bitcoin slumps 8% as it heads for bruising monthly drop

Bitcoin slumped on Friday to its lowest this week, taking losses sparked by a growing crackdown in China and environmental concerns to almost 40% so far this month. The biggest cryptocurrency extended earlier losses, falling as much as 8.2% to $35,339 as it stayed pinned in this week’s relatively tight trading range. It was last […]