Markets

Up to five companies active in the cannabis industry could go public in 2020 in Europe, a continent whose stock markets have largely missed out on the North-American "pot stocks" frenzy, a leading industry analyst said on Thursday.

Italian fashion house Roberto Cavalli was bought on Thursday by Hussain Sajwani, the chairman of Dubai's Damac Properties , the companies said, ending a long sale process.

Oil prices fell on Thursday, extending losses from the previous session after official data showed U.S. crude and gasoline stocks rose against expectations and production hit a record.

Axel Springer's price-comparison shopping service Idealo and 40 other European peers have accused Alphabet Inc's Google of tilting the playing field in its favor and urged EU antitrust regulators to enforce a ruling against the company.

The retail portion of Saudi Aramco's initial public offering (IPO) has been oversubscribed, with orders reaching 38.1 billion Saudi riyals (US$10.2 billion), lead manager Samba Capital said on Thursday.

Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits.

Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said on Thursday, highlighting a shift that is reshaping the global industry.

Barclays is planning to cut the 396,000 pounds (US$508,068) pension allowance it pays Chief Executive Jes Staley by around half, echoing moves by rivals who have pledged to rein in executive pension perks following a campaign by investors.

SINGAPORE: British technology firm Dyson will be moving its headquarters to St James Power Station, according to reports and sources. This comes more than 10 months after the privately-owned firm first announced it was relocating its corporate head office to Singapore to "reflect the increasing ...

India wants to conduct an audit of WhatsApp's security systems following revelations that a spyware exploited vulnerabilities in the Facebook-owned messaging platform, the country's technology minister said on Thursday.