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Home2018December

Month: December 2018

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Business News

Intel plans ‘stacked’ circuits in bid to regain its chipmaking lead

December 12, 2018 admin Comments Off on Intel plans ‘stacked’ circuits in bid to regain its chipmaking lead

Intel Corp said on Wednesday that it has developed a way to stack its computing circuits on top of one another in a bid to regain the lead in chip manufacturing technology that it has lost to rivals like Taiwan Semiconductor Co Ltd in recent years.

…read more […]

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Business News

Wall Street set for strong open on Trump’s upbeat trade comments

December 12, 2018 admin Comments Off on Wall Street set for strong open on Trump’s upbeat trade comments

U.S. stock futures jumped 0.9 percent on Wednesday, joining a global equities rally, as President Donald Trump’s encouraging comments fueled optimism over trade negotiations between the United States and China.

…read more […]

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Business News

U.S. consumer prices unchanged; underlying inflation firm

December 12, 2018 admin Comments Off on U.S. consumer prices unchanged; underlying inflation firm

– U.S. consumer prices were unchanged in November, held back by a sharp decline in the price of gasoline, but underlying inflation pressures remained firm amid rising rents and healthcare costs.

…read more […]

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Futures point to strong start after Trump’s upbeat trade comments

December 12, 2018 admin Comments Off on Futures point to strong start after Trump’s upbeat trade comments

U.S. stock futures rose about 0.7 percent on Wednesday, joining a global equities rally, as President Donald Trump’s encouraging comments fueled optimism over trade negotiations between the United States and China.

…read more […]

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Business News

Highlights: Key quotes from the Reuters interview with Trump

December 12, 2018 admin Comments Off on Highlights: Key quotes from the Reuters interview with Trump

Here are highlights from the Reuters interview with U.S. President Donald Trump on Tuesday.

…read more […]

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Business News

Washington takes center stage in bank branch battles

December 12, 2018 admin Comments Off on Washington takes center stage in bank branch battles

JPMorgan Chase & Co has made a splash this year in Washington, D.C. opening branches for the first time in the nation’s capital.

…read more […]

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Samsung to shut mobile phone plant in China’s Tianjin

December 12, 2018 admin Comments Off on Samsung to shut mobile phone plant in China’s Tianjin

Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals.

…read more […]

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Business News

Exclusive: Don’t contact our board members, Renault tells Nissan – sources

December 12, 2018 admin Comments Off on Exclusive: Don’t contact our board members, Renault tells Nissan – sources

Renault told alliance partner Nissan to stop contacting the French company’s directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said.

…read more […]

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Canada frees CFO of China’s Huawei on bail

December 12, 2018 admin Comments Off on Canada frees CFO of China’s Huawei on bail

A top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail by a Canadian court on Tuesday, 10 days after her arrest in Vancouver at the request of U.S. authorities sparked a diplomatic dispute.

…read more […]

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Zara owner Inditex hit by FX swings and warm weather

December 12, 2018 admin Comments Off on Zara owner Inditex hit by FX swings and warm weather

Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer’s market value at one stage.

…read more […]

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Stocks cheered by Trump trade talk; sterling claws off lows

December 12, 2018 admin Comments Off on Stocks cheered by Trump trade talk; sterling claws off lows

Stock markets rallied on Wednesday as U.S. President Donald Trump sounded upbeat about a trade deal with China, while sterling rose off 20 month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.

…read more […]

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Business News

Samsung to suspend operations at China mobile phone plant

December 12, 2018 admin Comments Off on Samsung to suspend operations at China mobile phone plant

Samsung Electronics will suspend operations at one of its mobile phone manufacturing plants in China, a company spokeswoman said on Wednesday.

…read more […]

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Business News

Exclusive: Airbus staff error led to fatal Mali copter crash – German official

December 12, 2018 admin Comments Off on Exclusive: Airbus staff error led to fatal Mali copter crash – German official

The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus to correctly set the aircraft’s rotor controls after repairs, a defence official told Reuters on Wednesday.

…read more […]

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Business News

Zara owner Inditex profit falls short of estimates

December 12, 2018 admin Comments Off on Zara owner Inditex profit falls short of estimates

Zara owner Inditex reported third-quarter profit below analysts’ expectations on Wednesday due to currency effects, but the world’s largest clothing retailer, maintained sales and margin guidance for the rest of the year.

…read more […]

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Business News

Zara owner Inditex profit fall short of estimates

December 12, 2018 admin Comments Off on Zara owner Inditex profit fall short of estimates

Zara owner Inditex reported third-quarter profit below analysts’ expectations on Wednesday due to currency effects, but the world’s largest clothing retailer, maintained sales and margin guidance for the rest of the year.

…read more […]

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