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Asian stocks rise on Fed restraint, U.S.-China trade hopes

Asian stocks rise on Fed restraint, U.S.-China trade hopes

SINGAPORE — Asian markets were mostly higher on Friday as investors cheered a more restrained Federal Reserve and U.S.-China trade talks. KEEPING SCORE: Japan‘s Nikkei 225 index advanced 0.7 per cent to 20,306.16 and South Korea‘s Kospi was 0.4 per cent higher at 2,071.18. Hong Kong‘s Hang Seng rose 0.1 per cent to 26,559.47. The Shanghai Composite index was up […]

Cutting to survive: What‘s behind JLR and Ford job losses?

Two major car manufacturers, knitted into British public life, announcing job losses on the same day, just as the political world is tied up in Brexit knots. So was this a good day to bury bad news? Well perhaps. But you could also argue that, painful though it will be for those who lose their jobs, these two companies are […]

Data centre giant eyes £9bn Hong Kong float

Sky News has learnt that Global Switch, which is majority-owned by a consortium of Asian investors, intends to hire investment banks in the coming weeks to help list the company after years of speculation that it could go public. A flotation, which is likely to see the London Stock Exchange missing out unless Global Switch opts to pursue a dual […]

Virgin and Stobart to unveil Flybe takeover

Virgin and Stobart to unveil Flybe takeover

Sky News has learnt that Virgin Atlantic has agreed to join forces with Flybe‘s other suitor, Stobart Group, to form a new company that will also comprise the Stobart Air franchise operation. An offer for Flybe worth significantly less than the company‘s closing share price on Thursday of 16.38p will be announced to the London Stock Exchange on Friday, according […]

Debenhams chairman resigns after plunge in sales

Debenhams chairman resigns after plunge in sales

In the post for three years, Sir Ian informed the troubled retailer of his decision to go at a board meeting following the company‘s AGM on Thursday. According to Debenhams, Sir Ian resigned after two members of the board voted against his re-election. It is understood that Mike Ashley‘s Sports Direct and Dubai-based Landmark Group, which collectively hold about 38% […]