Spanish court to probe Russian tycoon’s bid for DIA supermarket chain: document

Spanish court to probe Russian tycoon’s bid for DIA supermarket chain: document
MADRID (Reuters) – Spain’s High Court will investigate allegations that Russian tycoon Mikhail Fridman acted to depress the share price of DIA (DIDA.MC) when trying to take control of the supermarket chain, a court document seen by Reuters showed. FILE PHOTO: Russian businessman, co-founder of Alfa-Group Mikhail Fridman attends a conference of the Israeli foundation Keren Hayesod in Moscow, Russia,... Read More

Spanish court to probe Russian tycoon’s bid for supermarket chain: document

Spanish court to probe Russian tycoon’s bid for supermarket chain: document
FILE PHOTO: Russian businessman, co-founder of Alfa-Group Mikhail Fridman attends a conference of the Israeli foundation Keren Hayesod in Moscow, Russia, September 17, 2019. Pavel Golovkin/Pool via REUTERS MADRID (Reuters) – Spain’s High Court will investigate whether Russian tycoon Mikhail Fridman deliberately acted to depress the share price of struggling supermarket chain DIA (DIDA.MC) in his bid to take control... Read More

Fallout from money manager Kenneth Fisher’s remarks tops $1 billion in lost assets

Fallout from money manager Kenneth Fisher’s remarks tops $1 billion in lost assets
BOSTON (Reuters) – Fallout from Kenneth Fisher’s alleged insensitive remarks about women escalated on Friday when a large Iowa pension plan cut ties with the money manager, whose firm has lost more than $1 billion in assets under management in the last week. The Iowa Public Employees’ Retirement System was the latest to notify Fisher Investments that it will terminate... Read More

Blackstone’s financing for Merlin deal unsettles bond market

Blackstone’s financing for Merlin deal unsettles bond market
(This October 17 story refiles to change Thursday to Wednesday in fifth paragraph) FILE PHOTO: A LEGO Windsor Castle is worked on by staff at Legoland, in Windsor, Britain May 10, 2018. REUTERS/Peter Nicholls/File Photo By Abhinav Ramnarayan and Yoruk Bahceli LONDON (Reuters) – A buyout consortium led by Blackstone (BX.N) sent a frisson through debt markets this week as... Read More

Vivendi shares rise as UMG stake sale attracts interest

Vivendi shares rise as UMG stake sale attracts interest
FILE PHOTO: The Vivendi logo is pictured at the main entrance of the entertainment-to-telecoms conglomerate headquarters in Paris, March 10, 2016. REUTERS/Charles Platiau/File Photo PARIS (Reuters) – Shares in French media group Vivendi (VIV.PA) jumped on Friday after it posted higher third-quarter revenue and said that a potential sale of a stake in its Universal Music Group (UMG) was attracting... Read More

China’s GDP growth grinds to near 30-year low as tariffs hit production

China’s GDP growth grinds to near 30-year low as tariffs hit production
BEIJING (Reuters) – China’s third-quarter economic growth slowed more than expected and to its weakest pace in almost three decades as the bruising U.S. trade war hit factory production, boosting the case for Beijing to roll out fresh support. Workers look at cranes lifting containers onto cargo vessels at a port in Yantai, Shandong province, China October 17, 2019. REUTERS/Stringer... Read More

Six warning lights flashing for China’s slowing economy

Six warning lights flashing for China’s slowing economy
BEIJING (Reuters) – China’s $13 trillion economy is slowing and indicators showing that range from freight shipments to factory power generation and from employment to expenditures on entertainment. A crane lifts a container from a truck next to a cargo vessel at a port in Yantai, Shandong province, China October 17, 2019. REUTERS/Stringer China releases gross domestic product data on... Read More

China third-quarter GDP grows 6%, slowest pace in almost three decades

China third-quarter GDP grows 6%, slowest pace in almost three decades
BEIJING (Reuters) – China’s economic growth slowed more than expected to 6.0% year-on-year in the third quarter, the weakest pace in almost three decades, hit by soft factory production amid a bruising Sino-U.S. trade war and lackluster demand at home. Workers look at cranes lifting containers onto cargo vessels at a port in Yantai, Shandong province, China October 17, 2019.... Read More

Dave & Buster’s replaces Impossible burgers with new plant-based product

Dave & Buster’s replaces Impossible burgers with new plant-based product
FILE PHOTO: The completed plant-based hamburger is displayed during a media tour of Impossible Foods labs and processing plant in Redwood City, California, U.S. October 6, 2016. REUTERS/Beck Diefenbach (Reuters) – Dave & Buster’s Entertainment Inc (PLAY.O) has replaced Impossible Foods’ plant-based burgers with smaller rival Lightlife’s burgers across its U.S and Canada outlets, the restaurant chain said on Thursday.... Read More

SEC freezes assets of 18 traders over alleged manipulation

SEC freezes assets of 18 traders over alleged manipulation
WASHINGTON (Reuters) – U.S. authorities said on Wednesday it has obtained an asset freeze against 18 traders, who are primarily China-based, over an international market manipulation scheme that has reaped more than $31 million in illicit profits over several years. FILE PHOTO: The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, United... Read More