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Phillip Capital Morning Note - 8 Jul 2019

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Publish date: Mon, 08 Jul 2019, 10:26 AM
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Trader news and research articles

Deutsche Bank AG is exiting its equities business, moving $83 billion of unwanted assets into a special unit, cutting about 18,000 jobs by 2022 and shelving its dividend for the next two years

Iran said it would pursue nuclear talks with European nations in the coming days and also announced that it had abandoned restrictions on uranium enrichment.

Fresh violence broke out in Hong Kong on Sunday (Jul 7) evening as riot police and a small group of protesters clashed in Mong Kok.

Shared office space manager WeWork Cos is looking to raise US$3 billion to US$4 billion in debt before it goes public, a person familiar with the matter said on Sunday.

Ford and Volkswagen have reached an outline agreement to share electric and autonomous car technologies, a source familiar with the matter said on Friday.

CRUISE, a US self-driving vehicle company majority-owned by General Motors, told Reuters on Friday that a national security panel had approved a US$2.25 billion investment in the firm by Japan's SoftBank.

Source: SGX Masnet, The Business Times, Bloomberg, Channel NewsAsia, Reuters, PSR

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