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Now that J Sainsbury Plc’s 7.3 billion pound ($9.4 billion) purchase of Walmart’s Asda has gone out with the spoiled salad, the UK listed supermarket must show it has a good shot at going it alone. Mike Coupe, CEO of Sainsbury, says he is confident in the group’s strategy. Investors clearly don’t share that view – at one point on ...

Remember this moment. Early 2019 may have showed us the ceiling for the business of selling car rides at the tap of a smartphone. In an updated financial document for its coming initial public offering, Uber Technologies Inc. disclosed that the total value of rides on its service was between $11.3 billion and $11.45 billion in the first quarter of ...

Bloomberg US stocks rose above their record high at the start of a week packed with data that will provide clues on global economic growth. Treasury yields and the dollar climbed, while oil fell. Financial and industrial companies led gains in the S&P 500 Index as traders also awaited earnings reports from giants including Alphabet Inc, General Motors Co and ...

Bloomberg This year’s rally in Chinese shares is threatening to unravel almost as quickly as it began. The Shanghai Composite Index fell 0.8 percent and ended the session below its 50-day moving average. That follows its 5.6 percent slump, the worst performance versus global equities since early 2016. The ChiNext Index dropped 2.6 percent. China was the best place in ...

Bloomberg Deutsche Bank AG cut its outlook for full-year revenue after suffering its ninth straight quarter of contraction, underscoring the need to put Europe’s largest investment bank on a stronger footing following the collapse of merger talks with Commerzbank AG. The bank said it expects business to be flat this year, after previously predicting a slight increase. Income from buying ...

Bloomberg China’s largest lenders posted increases in first-quarter profit and higher interest income as authorities encouraged fresh lending to support the economy. Industrial & Commercial Bank of China Ltd., Agricultural Bank of China Ltd., Bank of Communications Co. and Bank of China Ltd. reported net income rose as much as 4.9 percent in the three months that ended on March ...

Bloomberg Hong Kong’s banking sector, one of the most staid areas of its financial industry, is seeing an unusual spurt of recruitment as newly licensed virtual banks race to snap up talent. Four ventures that won permits have about 200 people in the city, which may more than double by the time they start operating, said Carol Cheung, a director ...

Bloomberg Europe’s most hawkish central bank is preparing to raise borrowing costs again, defying a global economic slowdown that’s made most of its peers more cautious. Czech policy makers have held interest rates unchanged for the past three meetings as external risks including Brexit, trade wars, and weakening demand from neighboring Germany overshadowed domestic inflationary pressures. But with worst-case scenarios ...

Bloomberg As Federal Reserve Chairman Jerome Powell and his colleagues gather this week for a policy making meeting, some of them will likely have 1995 on their mind. That was the year that the Fed initiated a mid-course correction in monetary policy, cutting interest rates after a sustained bout of tightening. Now some officials and investors are beginning to wonder ...

Bloomberg Southwest Airlines Co first learned from Boeing Co after a deadly Lion Air crash in October that an alert warning pilots of a sensor malfunction linked to the disaster wasn’t a standard feature on the 737 Max. The world’s largest 737 operator and its pilots had thought that the warning light worked on all Max jets, as it had ...