Business News
Euro falls below $1.16 as Italy’s budget seen as defying EU
The euro slipped below $1.16 on Friday for the first time in two weeks after Italy’s government agreed a budget seen by some investors as defying Brussels.
Year: 2018
Business News
Ryanair strikes disrupt 40,000 passengers across Europe
A staff walkout at low-cost carrier Ryanair grounded planes in six European countries on Friday, disrupting the plans of more than 40,000 passengers.
Business News
Belgium to sue Google for not blurring images of defense sites
The Belgian defense ministry will sue Google for not complying with its requests to blur satellite images of sensitive military sites, a ministry spokeswoman said on Friday.
Business News
Factbox – ‘Funding secured’: SEC gives timeline surrounding tweet from Tesla’s Musk
The U.S. Securities and Exchange Commission accused Tesla Inc Chief Executive Officer Elon Musk of fraud and sought to remove him from the role, saying he made a series of “false and misleading” tweets about potentially taking the company private.
Business News
Euro falls and Italian bond yields jump after ministers agree budget
The euro fell on Friday to its lowest in nearly two weeks while Italy’s bond yields hit their highest in three after the government agreed to set a higher than expected budget deficit target that could put Rome on a collision course with Brussels.
Business News
Euro slips as Italy agrees ‘people’s budget’; dollar buoyant
The euro fell to an eleven-day low on Friday after Italy’s government agreed a budget overnight seen by some investors as defying Brussels.
Business News
Nikkei powers to 27-year peak on weaker yen, earnings hopes; regional stocks up
Japan’s Nikkei raced to a 27-year high on Friday on the back of a lower yen and improved prospects for corporate earnings, while optimism over the U.S. economy’s short-term outlook supported broad risk appetite and the dollar.
Business News
German carmakers may offer diesel upgrade vouchers in compromise: FAZ
German carmakers may offer owners of vehicles affected by driving bans vouchers for hardware upgrades by suppliers such as Baumot or HJS, German daily Frankfurter Allgemeine Zeitung (FAZ) reported on Friday, without citing sources.
Business News
Nikkei powers to 27-year high on strong dollar; regional stocks rise
Japan’s Nikkei touched a 27-year high on Friday, taking heart from a boost for the dollar after the U.S. Federal Reserve chairman said he did not expect a near-term recession.
Business News
E.ON targets innovations for smart energy future
Germany’s biggest power supplier E.ON wants smart homes to be smart business in a world of decentralized, low-carbon energy markets.
Business News
U.S. regulator sues Musk for fraud, seeks to remove him from Tesla
The U.S. Securities and Exchange Commission accused Tesla Inc Chief Executive Elon Musk on Thursday of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month.
Business News
Dollar buoyant after upbeat data, hits nine-month high vs. yen
The dollar was in fine fettle against its peers on Friday, advancing to a nine-month high versus the yen, after data reinforced upbeat views about the U.S. economy and backed the Federal Reserve’s signal for a steady course of rate increases over the next year.
Business News
Nikkei hits 27-year high on strong dollar, Wall Street gains
Japan’s Nikkei hit a 27-year high on Friday, taking heart from a boost for the dollar after the Federal Reserve chairman said he did not expect a near-term recession, and strong gains on Wall Street overnight.
Business News
Jeff Bezos’ Blue Origin to supply engines for Vulcan rocket
Blue Origin, the space company founded by Amazon.com Inc Chief Executive Officer Jeff Bezos, has won a contract to supply engines for United Launch Alliance’s massive Vulcan rocket, the companies said on Thursday.
Business News
SEC sues Musk for fraud, seek to remove him from Tesla
The top U.S. securities regulator on Thursday accused Tesla Inc Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company, saying he made a series of “false and misleading” tweets about potentially taking Tesla private last month.