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Major Gulf markets dip on oil weakness, inflation worries

Traders wait at the Bahrain Bourse after Joe Biden won the US presidency, in Manama, Bahrain, November 8, 2020. REUTERS/Hamad I Mohammed Register now for FREE unlimited access to Reuters.com Register Aug 21 (Reuters) – Most major Gulf stock markets fell on Sunday amid fears of a potential global recession and volatile oil prices, but …

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China’s Luckin plans store expansion, remains committed to the US market

Women leave a store of the Chinese coffee house chain Luckin Coffee in Beijing, China, July 8, 2020. Picture taken July 8, 2020. REUTERS/Thomas Peter Register now for FREE unlimited access to Reuters.com Register HONG KONG/BEIJING, Aug 9 (Reuters) – Two years after it was forced to withdraw from the Nasdaq for an accounting fraud, …

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GSK’s consumer arm Haleon debuts with lackluster valuation

Haleon starts trading at 330 pence Haleon valuation is at the lower end of expectations Market value is below the price Unilever was willing to pay GSK stock down 0.7% LONDON, July 18 (Reuters) – British drugmaker GSK(GSK.L) spun off its consumer health business on Monday in the biggest listing in Europe for more than …

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