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China’s Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources

2 hours ago NAMEX Comments Off on China’s Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources
HONG KONG (Reuters) – Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, people with knowledge of the matter said, despite being blacklisted by the U.S. government. FILE PHOTO: A panel outside the Hong Kong Exchanges displays top active securities Read More

Wall Street set for record open as trade optimism persists

3 hours ago NAMEX Comments Off on Wall Street set for record open as trade optimism persists
(Reuters) – Wall Street was set to hit another record high at the open on Tuesday on continued optimism that Washington and Beijing would agree on a deal to end a damaging trade war that has posed one of the biggest risks to global economic growth. A trader works on the floor at the New Read More

U.S. housing starts rise; permits highest in over 12 years

3 hours ago NAMEX Comments Off on U.S. housing starts rise; permits highest in over 12 years
WASHINGTON (Reuters) – U.S. homebuilding rebounded in October and permits for future home construction jumped to a more than 12-year high, pointing to strength in the housing market amid lower mortgage rates. FILE PHOTO: Development and construction continues on a large scale housing project of over 600 homes in Oceanside, California, U.S., June 25, 2018. Read More

China’s Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources

3 hours ago NAMEX Comments Off on China’s Megvii seeks approval for Hong Kong IPO despite U.S. blacklist: sources
HONG KONG (Reuters) – Chinese artificial intelligence firm Megvii Technology Ltd plans to seek listing approval on Thursday for a Hong Kong IPO of at least $500 million, people with knowledge of the matter said, despite being blacklisted by the U.S. government. FILE PHOTO: A panel outside the Hong Kong Exchanges displays top active securities Read More

Home Depot cuts 2019 sales forecast, shares fall

6 hours ago NAMEX Comments Off on Home Depot cuts 2019 sales forecast, shares fall
FILE PHOTO: The logo of Home Depot is seen in Encinitas, California April 4, 2016. REUTERS/Mike Blake (Reuters) – Home Depot Inc (HD.N) cut its full year sales forecast on Tuesday, saying it was taking longer than expected for its investments to integrate its online and in-store shopping experience to pay off. The home improvement Read More

PSA trade unions give the nod to merger with Fiat

6 hours ago NAMEX Comments Off on PSA trade unions give the nod to merger with Fiat
FILE PHOTO: The logos of car manufacturers Fiat and Peugeot are seen in front of dealerships of the companies in Saint-Nazaire, France, November 8, 2019. REUTERS/Stephane Mahe PARIS (Reuters) – The majority of unions representing workers at Peugeot maker PSA (PEUP.PA) are in favour of a planned merger with Fiat Chrysler (FCHA.MI), PSA executives and Read More

Qantas challenges Airbus, Boeing to offer better deal on ultra-long haul jets

6 hours ago NAMEX Comments Off on Qantas challenges Airbus, Boeing to offer better deal on ultra-long haul jets
SYDNEY (Reuters) – Qantas (QAN.AX) has asked Airbus (AIR.PA) and Boeing (BA.N) for a better deal on planes capable of non-stop Sydney-London flights before deciding whether to place an order. FILE PHOTO: Workers are seen near Qantas Airways, Australia’s national carrier, Boeing 737-800 aircraft on the tarmac at Adelaide Airport, Australia, August 22, 2018. REUTERS/David Read More

Public Enterprises minister to meet striking unions at South Africa’s SAA

6 hours ago NAMEX Comments Off on Public Enterprises minister to meet striking unions at South Africa’s SAA
FILE PHOTO: Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province, South Africa, September 30, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) – South Africa’s Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to resolve a strike over wages Read More

Public Enterprises minister to meet striking unions at South Africa’s SAA

9 hours ago NAMEX Comments Off on Public Enterprises minister to meet striking unions at South Africa’s SAA
FILE PHOTO: Passengers board a South African Airways plane at the Port Elizabeth International Airport in the Eastern Cape province, South Africa, September 30, 2018. REUTERS/Siphiwe Sibeko/File Photo JOHANNESBURG (Reuters) – South Africa’s Public Enterprises minister will meet unions striking at its state-owned airline on Tuesday in an effort to resolve a strike over wages Read More

Oil slips as concerns over U.S.-China trade talks drag on

9 hours ago NAMEX Comments Off on Oil slips as concerns over U.S.-China trade talks drag on
SINGAPORE (Reuters) – U.S. oil prices fell for the second straight day on Tuesday amid market jitters over limited progress between China and the United States on rolling back trade tariffs, while expectations of a rise in U.S. inventories also jangled nerves. FILE PHOTO: An oil pump is seen just after sunset outside Saint-Fiacre, near Read More