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Home2018December

Month: December 2018

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Business News

Amazon aims at office workers with compact cashier-less food store

December 12, 2018 admin Comments Off on Amazon aims at office workers with compact cashier-less food store

Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals.

…read more […]

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Business News

Rolls-Royce expects 2018 profit, free cash flow in upper half of forecast range

December 12, 2018 admin Comments Off on Rolls-Royce expects 2018 profit, free cash flow in upper half of forecast range

Rolls-Royce expects its 2018 group profit and free cash flow to be in the upper half of its guidance range, the British engineering company said on Wednesday, shrugging off problems with some of its aircraft engines.

…read more […]

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Business News

China welcomes any effort to move Huawei case toward resolution

December 12, 2018 admin Comments Off on China welcomes any effort to move Huawei case toward resolution

China’s Foreign Ministry said on Wednesday that Canada’s arrest of Meng Wanzhou, a top executive with Chinese tech giant Huawei, was a mistake from the start, and welcomed any efforts to move the case toward a correct resolution.

…read more […]

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Business News

Zara owner Inditex reports 4 percent profit growth

December 12, 2018 admin Comments Off on Zara owner Inditex reports 4 percent profit growth

Zara owner Inditex on Wednesday reported net profit of 2.4 billion euros ($2.7 billion) for the first nine months of its financial year, up 4 percent on the year, and maintained guidance for the second half of the year.

…read more […]

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Business News

Stocks cheered by Trump trade talk; sterling plagued by politics

December 12, 2018 admin Comments Off on Stocks cheered by Trump trade talk; sterling plagued by politics

Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.

…read more […]

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Former Malaysian PM Najib, 1MDB ex-CEO face fresh corruption charges

December 12, 2018 admin Comments Off on Former Malaysian PM Najib, 1MDB ex-CEO face fresh corruption charges

Malaysian prosecutors on Wednesday filed new graft charges against former prime minister Najib Razak and the former chief executive of scandal-linked state fund 1MDB, in the latest cases over alleged theft of billions of dollars from the fund.

…read more […]

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Hyundai Motor unveils sweeping executive reshuffle, shares surge

December 12, 2018 admin Comments Off on Hyundai Motor unveils sweeping executive reshuffle, shares surge

South Korean conglomerate Hyundai Motor Group shook up its executive ranks on Tuesday and appointed its first foreign head of research and development, raising expectations of a smooth transition of power at the family-run business empire.

…read more […]

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Business News

Exclusive: Trump says Fed shouldn’t hike rates, but calls Powell ‘a good man’

December 12, 2018 admin Comments Off on Exclusive: Trump says Fed shouldn’t hike rates, but calls Powell ‘a good man’

President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank.

…read more […]

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Business News

Stocks run with Sino-U.S. trade hopes; sterling hamstrung by politics

December 12, 2018 admin Comments Off on Stocks run with Sino-U.S. trade hopes; sterling hamstrung by politics

Asian stock markets rallied on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with the risk of an imminent party coup against British Prime Minister Theresa May.

…read more […]

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France claims ignorance as Nissan’s Ghosn dossier adds pressure

December 12, 2018 admin Comments Off on France claims ignorance as Nissan’s Ghosn dossier adds pressure

The French government said on Tuesday it remained unaware of detailed allegations against Renault SA boss Carlos Ghosn sent to the carmaker a day earlier by Japanese alliance partner Nissan Motor Co Ltd .

…read more […]

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Canada frees CFO of China’s Huawei on bail; Trump might intervene

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

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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Exclusive: Trump says China ‘back in the market’ for U.S. soybeans

December 12, 2018 admin Comments Off on Exclusive: Trump says China ‘back in the market’ for U.S. soybeans

President Donald Trump said on Tuesday that China was buying a “tremendous amount” of U.S. soybeans and that trade talks with Beijing were already under way by telephone, with more meetings likely among U.S. and Chinese officials.

…read more […]

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Canada court grants bail to Huawei CFO; Trump might intervene

December 12, 2018 admin Comments Off on Canada court grants bail to Huawei CFO; Trump might intervene

A top executive of Chinese telecoms giant Huawei Technologies Co Ltd wanted by the United States to answer to fraud accusations was granted C$10 million ($7.5 million) bail by a Canadian court on Tuesday, a move that could help soothe Chinese anger over her arrest.

…read more […]

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Exclusive: Trump says it would be foolish for Fed to raise rates next week

December 12, 2018 admin Comments Off on Exclusive: Trump says it would be foolish for Fed to raise rates next week

President Donald Trump said on Tuesday it would be a mistake if the Federal Reserve raises interest rates when it meets next week, as it is expected to do, continuing his criticism of the U.S. central bank.

…read more […]

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Business News

Asia stocks up on Sino-U.S. trade hopes, sterling nurses losses

December 12, 2018 admin Comments Off on Asia stocks up on Sino-U.S. trade hopes, sterling nurses losses

Asian stock markets edged ahead on Wednesday as U.S. President Donald trump sounded upbeat about a trade deal with China, while sterling struggled with talk of an imminent party coup against British Prime Minister Theresa May.

…read more […]

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