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U.S. value fund managers betting shift to value stocks won’t last

1 day ago DieselGasoil Comments Off on U.S. value fund managers betting shift to value stocks won’t last
NEW YORK (Reuters) – The massive U.S. market rotation into value stocks over the last two weeks is finally giving value fund managers a reason to be hopeful after years of underperformance. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 9, 2019. REUTERS/Brendan McDermid Read More

Who can boost crude supply to offset attack on Saudi Arabia?

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By Julian Lee on 9/16/2019 LONDON (Bloomberg) – Here is a list of countries that could boost crude production to offset losses from Saudi Arabia in the event that the disruption to supplies from the attacks on its Abqaiq and Khurais processing facilities lasts longer than initially expected. It’s not a long list and much Read More

Osram advises investors to accept $4.8 billion offer from AMS

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VIENNA (Reuters) – German lighting group Osram (OSRn.DE) advised its shareholders on Monday to accept a 4.3 billion euro ($4.8 billion) takeover bid from AMS (AMS.S) (AMS.VI) and sell their shares to the Austrian sensor specialist, saying the offer was economically attractive. FILE PHOTO: The logo of German lighting manufacturer Osram is seen behind light Read More

Pakistani pop star faces 2 years in jail after ‘threatening’ Modi with snakes in viral video

3 days ago DieselGasoil Comments Off on Pakistani pop star faces 2 years in jail after ‘threatening’ Modi with snakes in viral video
A Pakistani singer has accused the local wildlife protection agency of doing Indian PM Narendra Modi’s bidding after a video, that saw her posing with giant snakes and promising to set them at Modi, landed her in legal trouble. Rabi Pirzada, a Pakistani pop singer and a TV host, faces a fine and up to Read More

AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources

6 days ago DieselGasoil Comments Off on AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources
HONG KONG (Reuters) – Anheuser-Busch InBev (ABI.BR) is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said. AB InBev, which had aimed to raise as much as $9.8 billion through Read More

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

6 days ago DieselGasoil Comments Off on Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion
TOKYO (Reuters) – Yahoo Japan Corp (4689.T) said it will take over Japan’s biggest online fashion retailer Zozo Inc (3092.T) for 400 billion yen ($3.7 billion), seeking to breathe fresh life into the business and compete better against the likes of Amazon.com (AMZN.O). FILE PHOTO : A website of Yahoo Japan Corp is seen on Read More

Mexico shuts down gas stations that refused to serve police following death threats from cartel

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A powerful Mexican criminal syndicate has pressured gas stations not to fill the tanks of police and military vehicles. The authorities have responded by shutting them down for discrimination. The national consumer protection agency, Profeco, closed nine gas stations in the city of Nuevo Laredo near the US border for “discrimination” on Tuesday, after attendants Read More

Stop putting US interests ahead of my personal worldview! Soros orders Trump in China-bashing op-ed

7 days ago DieselGasoil Comments Off on Stop putting US interests ahead of my personal worldview! Soros orders Trump in China-bashing op-ed
Donald Trump selfishly wants to improve the US economy, instead of shunning economic cooperation with China as part of a virtuous crusade for democracy, billionaire activist George Soros has complained in an op-ed article. The US president should be applauded for waging economic warfare against China, but he must not use restrictions placed on Huawei Read More

Apple leans on devices business in global battle against Disney, Netflix

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(Reuters) – Apple Inc (AAPL.O), the company that transformed the music, mobile and personal computing industries, is relying on the ubiquity of its iPhones and iPads to take on Disney and Netflix in the battle for streaming TV customers. CEO Tim Cook presents the new iPhone 11 Pro at an Apple event at their headquarters Read More