Business

BANGKOK (Reuters) – The death of Leicester City soccer club owner Vichai Srivaddhanaprabha adds to challenges his King Power International empire faces as its dominance of the lucrative Thai duty-free industry comes under scrutiny. A man lays flowers in front of King Power’s head office, after the company’s owner Vichai Srivaddhanaprabha and four other people
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(Reuters) – Declines in big tech and Internet stocks such as Amazon pushed the Nasdaq lower on Monday, while strength in financial shares mitigated declines for the S&P 500 as investors grappled with a recent spike in market volatility. Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S.,
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BEIJING/CHICAGO/CARAMBEI, Brazil (Reuters) – Ken Maschhoff, chairman of the largest U.S. family-owned pork producer, has watched profits fall as trade tensions rise between the United States and China. Pigs are seen standing in a pen at a farm in Carambei, Brazil September 6, 2018. Picture taken September 6, 2018. REUTERS/Rodolfo Buhrer His company, The Machhoffs,
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BEIJING (Reuters) – China is likely to use its vast currency reserves to stop any precipitous fall through the psychologically important level of 7 yuan per dollar as it could risk triggering speculation and heavy capital outflows, policy insiders said. FILE PHOTO: A Benjamin Franklin U.S. 100-dollar banknote and a Chinese 100-yuan banknote depicting late
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BEIJING/SHANGHAI (Reuters) – Ford Motor Co (F.N) has appointed a new head of China operations to help turn around flagging sales in the world’s largest auto market, filling a post that had been vacant since January after the firm’s previous China chief suddenly quit. FILE PHOTO: The new Ford Focus car is displayed during a
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(Reuters) – McDonald’s Corp’s investment in online and touch-screen ordering drove a 13th straight rise in global same-store sales in the third quarter, allaying concerns about the world’s biggest fast food chain’s poor growth in the United States. The logo of a McDonald’s restaurant is seen in Bordeaux, France, June 18, 2018. Picture taken June
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