China says to penalise Luckin Coffee for accounting fraud

China says to penalise Luckin Coffee for accounting fraud

Chinese regulators said they would penalise Luckin Coffee after confirming accounting fraud that has already forced the company to delist from the U.S. Nasdaq exchange.
July 31, 2020 at 06:24 am EDT
Equities dip, safe havens rise as U.S. stimulus talks stall

Equities dip, safe havens rise as U.S. stimulus talks stall

An impasse in U.S. economic stimulus negotiations and mixed corporate earnings reports in Europe pushed global equities lower and sent investors into safe-haven assets like government bonds and gold,...
July 28, 2020 at 02:07 pm EDT
Gold eyes $2,000 mark in speedy record-breaking run

Gold eyes $2,000 mark in speedy record-breaking run

Gold's record rally is moving tantalisingly close to the psychologically key $2,000 level, powered by investors seeking cover from COVID-19's global economic toll, as reflected in dollar weakness,...
July 27, 2020 at 12:58 pm EDT
Shares retreat globally on U.S.-China tensions, gold soars

Shares retreat globally on U.S.-China tensions, gold soars

Shares worldwide skidded further on Friday as a pickup in U.S. and European business activity did little to ease jitters about rising U.S.-China tensions, while gold broke above $1,900 an ounce on its...
July 24, 2020 at 04:24 pm EDT
Fear factor:  Investors rush into gold and other havens as stocks near highs

Fear factor: Investors rush into gold and other havens as stocks near highs

Investors are piling into haven assets such as gold, the Swiss franc and cash as U.S. stocks approach all-time highs, looking to hedge big moves in equities amid economic uncertainty and a resurgent...
July 22, 2020 at 11:16 am EDT
Alibaba Health Information Technology :  Want to make profits from coffee in China? It's actually a grind

Alibaba Health Information Technology : Want to make profits from coffee in China? It's actually a grind

Looking outside her Beijing coffee shop where seven other nearby cafes including a Starbucks compete for customers, Huang Ying is simply glad to still be in business.
July 21, 2020 at 08:24 pm EDT
Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee ousts chairman Lu, names Guo as CEO

Luckin Coffee Inc has ousted co-founder and chairman Charles Zhengyao Lu and replaced him with Jinyi Guo, who will also be the chief executive officer, the embattled coffee chain disclosed on Monday.
July 13, 2020 at 03:28 pm EDT
Luckin Coffee chairman ousted by shareholders:  Bloomberg, citing report

Luckin Coffee chairman ousted by shareholders: Bloomberg, citing report

Luckin Coffee Inc Chairman Charles Zhengyao Lu has been ousted by shareholders from the embattled coffee chain, just days after a proposal to remove him failed to get board approval, Bloomberg News...
July 05, 2020 at 11:48 am EDT
Luckin Coffee's Lu holds on to chairman role

Luckin Coffee's Lu holds on to chairman role

Luckin Coffee Inc said on Thursday co-founder Charles Zhengyao Lu will stay on as chairman of the embattled coffee chain after a proposal to oust him, stemming from an internal fraud investigation,...
July 02, 2020 at 02:46 pm EDT
coffee :  Luckin Coffee winds up internal probe ahead of vote on chairman removal

Coffee : Luckin Coffee winds up internal probe ahead of vote on chairman removal

Luckin Coffee Inc said on Wednesday it was winding up an internal probe on fake annual sales of about $300 million as it prepares to vote on a proposal to remove Founder-Chairman Charles Zhengyao Lu...
July 01, 2020 at 08:29 am EDT
Daily price chart °4948

BRENT CRUDE OIL SPOT : Oil: The Holy Grail of rebalancing at your fingertips?

What a twist. Two months after crossing the absolute zero line, US crude oil is trading at $41, up more than 90% since May 1st. The trajectory is similar for the European benchmark, which is trading...
Our Logo June 23, 2020 at 09:29 am EDT
Prepping portfolios for next market storm? Not just gold and govvies

Prepping portfolios for next market storm? Not just gold and govvies

By Saikat Chatterjee and Dhara Ranasinghe G7 government bonds? Check. Gold? Check. But that may not be enough as the coronavirus crisis accelerates a hunt for a wider pool of assets to...
June 09, 2020 at 05:57 am EDT
New York Cotton :  U.S. senator Cotton cautions Britain over Huawei cooperation

New York Cotton : U.S. senator Cotton cautions Britain over Huawei cooperation

U.S. Republican Senator Tom Cotton cautioned Britain on Wednesday that a decision to allow China's Huawei a role in 5G networks could hurt military cooperation and be an issue in trade talks. ...
June 03, 2020 at 04:31 am EDT
Coffee :  maker JDE Peet's IPO wrapped up in just 72 hours - sources

Coffee : maker JDE Peet's IPO wrapped up in just 72 hours - sources

By Clara Denina and Gwénaëlle Barzic It took just three days to sell shares in JDE Peet's as investors facing a dearth of opportunities because of the coronavirus-induced slow-down...
May 29, 2020 at 02:06 pm EDT
Daily price chart °4948

BRENT CRUDE OIL SPOT : Oil: From Pessimism to Optimism

Oil prices have been recovering for several weeks after the historic fall in WTI prices to below the zero dollar mark, and have since recovered significantly, supported by improved prospects.
Our Logo May 21, 2020 at 05:01 am EDT
Oil jumps to two-month high on easing lockdowns, positive vaccine results

Oil jumps to two-month high on easing lockdowns, positive vaccine results

By Scott DiSavino Oil prices on Monday jumped to their highest in over two months on positive early results on a potential coronavirus vaccine, optimism about a resumption in economic...
May 18, 2020 at 04:04 pm EDT
Oil surges more than 13% on hopes of output deal

Oil surges more than 13% on hopes of output deal

By Jessica Resnick-Ault Crude futures surged for a second day on Friday, with both U.S. and Brent contracts posting their largest weekly percentage gains on record due to hopes that a...
May 11, 2020 at 11:38 am EDT
Gold price boosts Barrick profit as miner eyes copper deals

Gold price boosts Barrick profit as miner eyes copper deals

By Arundhati Sarkar, Zandi Shabalala and Helen Reid Barrick Gold Corp reported a nearly 55% rise in quarterly profit on Wednesday as gold prices surged, bolstering its ability to snap up...
May 06, 2020 at 01:35 pm EDT
Starbucks :  Luckin Coffee delays annual filing amid accounting probes

Starbucks : Luckin Coffee delays annual filing amid accounting probes

Luckin Coffee Inc said on Wednesday it would not file its annual financial report on time as it was dealing with investigations into hundreds of millions of dollars worth of fabricated sales. ...
April 29, 2020 at 10:33 am EDT
Stocks rise despite mixed earnings while investors weigh easing of lockdowns

Stocks rise despite mixed earnings while investors weigh easing of lockdowns

Stock markets across the globe eked out gains on Tuesday, riding out sharp swings on Wall Street as mixed corporate earnings results and dramatic moves in oil prices delivered yet another dose of...
April 28, 2020 at 04:57 pm EDT