Chinese asset manager eyes restructuring to ease liquidity crunch amid contagion fears

(Reuters) – Faced with a liquidity crisis, Zhongzhi Enterprise Group will conduct a debt restructuring, the Chinese asset manager has…

Payments company Adyen’s shares drop more than 20% after earnings miss

(Reuters) – Shares in Dutch payments processor Adyen NV fell by more than 20% on Thursday after first-half earnings missed…

Lenovo Q1 revenue misses forecasts, hit by poor PC demand

(Reuters) – China’s Lenovo Group (OTC:LNVGY) on Thursday posted a worse-than-expected 24% fall in revenue for the April-June quarter, hit…

European stocks lower on hawkish Fed minutes, China’s woes; BAE slumps

European stock markets traded lower Thursday on growing worries around China’s stuttering economy and the potential for higher U.S. interest…

Goldman Sachs used derivatives to help Exor build $2.8 billion Philips stake, filings show

(Reuters) – Investment company Exor (OTC:EXXRF) was able to build a 15% stake in Dutch healthcare group Philips without triggering…

BAE Systems snaps up Ball Corp’s aerospace arm for about $5.55 billion

(Reuters) – Britain’s BAE Systems (OTC:BAESF) on Thursday agreed to buy Ball Corp (NYSE:BALL)’s aerospace assets for about $5.55 billion…

Progressive leads S&P 500 stocks after impressive July performance

Shares of Progressive Corp. (NYSE:PGR) climbed Wednesday morning after it reported strong July results. The stock surged by as much…

China’s JD.com beats revenue estimates despite slowing economy

(Reuters) – JD.com beat analyst forecasts for second-quarter revenue on Wednesday, as the Chinese e-commerce giant’s focus on lower-priced products…

Oil steadies as China fears counter tighter US supply expectations

(Reuters) – Oil prices were little changed on Wednesday as investors weighed worries about China’s embattled economy against expectations of…

Wall Street mixed, dollar dips ahead of Fed minutes

(Reuters) – Wall Street opened in mixed territory Wednesday while the dollar slid slightly, as investors weighed concerns over China’s…