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Home2018December

Month: December 2018

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Business News

Standard Chartered axes over 200 jobs in India: source

December 13, 2018 admin Comments Off on Standard Chartered axes over 200 jobs in India: source

Standard Chartered Plc has laid off over 200 employees in India in its retail banking division, as more customers move to digital services, a person familiar with the matter told Reuters on Thursday.

…read more […]

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Business News

ECB ends crisis-fighting bond buys but eyes increasing risks

December 13, 2018 admin Comments Off on ECB ends crisis-fighting bond buys but eyes increasing risks

The European Central Bank formally ended its 2.6 trillion euro crisis-fighting bond purchase scheme on Thursday but promised to keep feeding stimulus for years into an economy struggling with an unexpected slowdown and political turmoil.

…read more […]

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Business News

YouTube, under pressure for problem content, takes down 58 million videos in quarter

December 13, 2018 admin Comments Off on YouTube, under pressure for problem content, takes down 58 million videos in quarter

YouTube took down more than 58 million videos and 224 million comments during the third quarter based on violations of its policies, the unit of Alphabet Inc’s Google said on Thursday in an effort to demonstrate progress in suppressing problem content.

…read more […]

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Business News

Wall Street pares gains after trade-fueled rally

December 13, 2018 admin Comments Off on Wall Street pares gains after trade-fueled rally

U.S. stocks gave up early gains on Thursday, as a rally sparked by progress in U.S.-China trade talks faded, with investors moving into defensive sectors such as real estate and utilities.

…read more […]

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Business News

Exclusive: Chinese battery firm halts purchases of cobalt from Glencore – sources

December 13, 2018 admin Comments Off on Exclusive: Chinese battery firm halts purchases of cobalt from Glencore – sources

Chinese battery firm GEM has stopped buying cobalt from Glencore as the price of the battery material crashed below that agreed in a three-year deal between the two companies, sources close to the matter said.

…read more […]

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Business News

Delta Air Lines shares drop on weak revenue outlook

December 13, 2018 admin Comments Off on Delta Air Lines shares drop on weak revenue outlook

Shares in U.S. carrier Delta Air Lines Inc dropped 4 percent in Thursday morning trading on concerns that slowing global economies would limit the No. 2 U.S. airline’s revenue growth in 2019 despite strong travel demand.

…read more […]

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Business News

U.S. labor market tightening; inflation pressures muted

December 13, 2018 admin Comments Off on U.S. labor market tightening; inflation pressures muted

The number of Americans filing applications for jobless benefits tumbled to near a 49-year low last week, which could ease concerns about a slowdown in the labor market and economy.

…read more […]

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Business News

Apple plans new $1 billion campus for Austin, Texas

December 13, 2018 admin Comments Off on Apple plans new $1 billion campus for Austin, Texas

Apple Inc said on Thursday it would spend $1 billion to build a second campus in Austin, Texas, that will house up to 15,000 workers as part of a broader push by U.S. companies to create more domestic jobs.

…read more […]

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Business News

Stocks edge up on trade hopes; Euro dips after ECB

December 13, 2018 admin Comments Off on Stocks edge up on trade hopes; Euro dips after ECB

A gauge of world equities climbed for a third straight session on U.S. trade hopes on Thursday and the pound and the euro eased after the latest bout of Brexit drama and ECB announcement.

…read more […]

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Business News

Renault finds no irregularities in Ghosn pay audit

December 13, 2018 admin Comments Off on Renault finds no irregularities in Ghosn pay audit

Renault said on Thursday an audit launched in the wake of Chairman and CEO Carlos Ghosn’s arrest in Japan had so far found no irregularities with his pay at the French carmaker.

…read more […]

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Caterpillar CEO Jim Umpleby to take on chairman role

December 13, 2018 admin Comments Off on Caterpillar CEO Jim Umpleby to take on chairman role

Caterpillar Inc said on Thursday Chief Executive Officer Jim Umpleby would take on the additional role of chairman, effective immediately.

…read more […]

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Business News

Oil prices edge up on hopes global supplies will tighten

December 13, 2018 admin Comments Off on Oil prices edge up on hopes global supplies will tighten

Oil prices edged higher on Thursday, after data showed inventory declines in the United States and as investors began to expect that the global oil market could have a deficit sooner than they had previously thought.

…read more […]

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Business News

Long-time GE bear ditches negative view, shares jump

December 13, 2018 admin Comments Off on Long-time GE bear ditches negative view, shares jump

A JP Morgan analyst who has long held a negative outlook on General Electric Co shares as they have tumbled upgraded his view on the conglomerate’s stock on Thursday.

…read more […]

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Business News

Exclusive: Carlsberg, United Breweries plead leniency in India beer cartel probe – sources

December 13, 2018 admin Comments Off on Exclusive: Carlsberg, United Breweries plead leniency in India beer cartel probe – sources

Denmark’s Carlsberg and India’s United Breweries have filed pleas with Indian authorities, seeking leniency in a probe into alleged collusion to fix beer prices, five sources familiar with the matter told Reuters.

…read more […]

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Business News

Group forms to oppose tie-up of U.S. telecom firms T-Mobile, Sprint

December 13, 2018 admin Comments Off on Group forms to oppose tie-up of U.S. telecom firms T-Mobile, Sprint

An array of companies and groups that have opposed T-Mobile US Inc’s plan to buy Sprint Corp announced on Thursday that they had banded together, saying the deal would lead to higher prices for wireless customers and hurt rural consumers.

…read more […]

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