Markets
AB InBev scraps Hong Kong IPO for its Asia Pacific subsidiary
AB InBev shares ended trading in NY down 3%, as investors saw that prospect slipping away. Budweiser APAC was seeking to raise between $8.3 billion and $9.8 billion through the float, much of which was to go toward paying down debt at its highly leveraged parent. [Full Article...]
Sydney airport hit by 'crazy' delays
It's understood the outage is affecting passengers trying to pass security to board flights. 'I never saw that before'. 'I'm in this same line and this is absolutely insane! An IT outage experienced by the Australian Border Force (ABF) was the cause behind lengthy delays at all worldwide passport gates across the country on Monday. [Full Article...]
AMP Life sale "highly unlikely" to proceed
Geoff Bascand, the General Manager for Financial Stability and deputy Governor emailed a statement saying: "The reality is, the commercial terms of the contract can't be met satisfactorily between AMP Life NZ and Resolution Life". The two firms are now working to determine whether there is a solution, but a new deal is "not certain", AMP said. "The contract between AMP Life NZ and Resolution Lif... [Full Article...]
EU’s GPS-like Galileo satellites have been down since July 11
Earlier, a source from the European Global Navigation Satellite Systems Agency, which operates Galileo, told InsideGNSS.com that the system's service would be "degraded" until further notice due to technical problems. Theresa May told reporters at the G20 summit in Argentina a year ago: "The European Commission decided that we would be barred from having full aspects of the Galileo programme and... [Full Article...]
Dairy Queen Employee Fired After Her Manager Mistook 'Moana' for 'Marijuana'
Kensli Davis' favourite movie is Moana , so she asked her mom for a cake with the Disney character to celebrate her birthday. Instead, she was given a cake with a giant marijuana leaf next to a green My Little Pony with bloodshot eyes exhaling some smoke. [Full Article...]
China's Q2 GDP slowing slowly
China's GDP expanded 6.3 percent year on year in the first half of 2019 to about 45.09 trillion yuan (about $6.56 trillion), data from the National Bureau of Statistics (NBS) showed Monday. But existing levies imposed by both sides remain in place, weighing on profits and supply chains, and the two sides remain at odds over significant issues needed for an agreement. [Full Article...]
Flood dangers mounting as tropical storm Barry moves inland
Some areas of Louisiana were in line to get up to 20 inches of rain over the weekend as the slow-moving Barry travels north. As of 11am yesterday, the storm's maximum sustained winds had dropped further, to 64kph. LA 1 was closed between St. Charles Bypass Road and Lefort Bypass Road in Thibodaux, Louisiana, due to downed electrical poles and wires after Barry blew through. [Full Article...]
Based Regional Trucking Company Abruptly Closes
LME Inc. announced Friday that it will no longer be picking up or delivering freight due to "unforeseen circumstances". "Management is making arrangements to move any freight we have in house". LME Trucking made the announcement on their website . "While the NLRB ruling resulted in one settlement in 2018, there are still unresolved lawsuits demanding millions from LME for allegedly violating pen... [Full Article...]