Business News
Britain to rule on Rupert Murdoch’s bid for Sky
LONDON (Reuters) – The British government will give its verdict on Rupert Murdoch’s pursuit of European pay-TV group Sky later on Tuesday, Sky News said.
Year: 2018
Business News
IAG sees air traffic strikes as bigger threat than fuel prices in 2018
SYDNEY (Reuters) – The chief executive of British Airways-owner IAG warned that air traffic control strikes were more of a threat to European airlines in 2018 than a rise in fuel prices.
Business News
Australia charges former local heads of Citi, Deutsche, ANZ for alleged cartel practices
SYDNEY (Reuters) – Australian authorities have charged the former local bosses of Citigroup Inc and Deutsche Bank AG with “criminal cartel offences” over a $2.3 billion stock issue, one of the country’s biggest cases of alleged white-collar crime.
Business News
Japan’s Sharp to buy Toshiba PC business for $36 million
TOKYO (Reuters) – Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business for 4 billion yen ($36 million), highlighting its recovery under the control of Foxconn and marking a return to a business it quit eight years ago.
Business News
German investor to sell unwanted A380 superjumbos for parts
SYDNEY (Reuters) – A German investment company said on Tuesday it planned to sell the components of two unwanted Airbus A380 superjumbo jets, in an apparent move to send the world’s largest jetliner to the breakers yard for the first time due to slack demand.
Business News
Citi, Deutsche Bank, ANZ served with criminal cartel charges in Australia: competition regulator
(Reuters) – Australia’s competition regulator on Tuesday said criminal charges had been laid against Australia and New Zealand Banking Group Ltd, a local unit of Citigroup and Deutsche Bank AG relating to cartel offences over a $2.3 billion share issue.
Business News
Europe up against Asian juggernaut in electric car battery drive
LONDON/FRANKFURT/STOCKHOLM (Reuters) – Chinese electric vehicle giant BYD is looking at launching battery production in Europe, joining Asian rivals aiming to cash in on a green car revolution and threatening attempts by Brussels to nurture a home-grown industry.
Business News
Britain takes around $2.66 billion loss on RBS share sale
LONDON (Reuters) – Britain’s government sold 7.7 percent of Royal Bank of Scotland shares for 2.5 billion pounds ($3.33 billion) on Tuesday, realizing a loss of more than two billion pounds on part of its investment in the lender it rescued in 2008.
Business News
British government completes 7.7 percent RBS stake sale
LONDON (Reuters) – Britain’s government sold approximately 7.7 percent of Royal Bank of Scotland shares , the bank said in a regulatory filing on Tuesday.
Business News
Asia stocks steady after rally, focus back on fundamentals
TOKYO (Reuters) – Asian stocks steadied on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns.
Business News
Emirates sees oil, dollar ‘double whammy’, but demand strong
SYDNEY (Reuters) – The president of Emirates airline said the rare combination of higher oil and a stronger dollar, which usually move in opposite directions, represented a “double whammy” in terms of their impact on costs but that passenger demand remained strong.
Trading Ideas
Memo shows lawyers’ inconsistencies on Trump Tower meeting
For months, President Donald Trump’s legal team, the White House press secretary and others in Trump’s orbit said he did not dictate or help draft a June 2017 statement trying to explain the June 2016 Trump Tower meeting between his eldest son and a Russian lawyer. In a January letter to special counsel Robert Mueller, Trump’s lawyers said the president “dictated a short but accurate response” to the first report that his son, Donald Trump Jr., and others had met with the Russian lawyer during the 2016 presidential election. The Trump Tower meeting — and the White House’s …read more […]
Business News
Japan’s Sharp says to buy Toshiba’s PC business
TOKYO (Reuters) – Japan’s Sharp Corp said it will acquire Toshiba Corp’s personal computer business for $36 million, highlighting its recovery under the control of Foxconn and marking a return to a business it quit eight years ago.
Business News
Asia stocks edge down after rally, focus back on fundamentals
TOKYO (Reuters) – Asian stocks pulled back on Tuesday as investors paused for breath after the previous day’s rally, although tech-inspired Wall Street gains supported broader sentiment as focus shifted to bullish economic fundamentals, away from trade concerns.
Business News
Exclusive: Mexico set to impose 20 percent tariff on U.S. pork legs – sources
MEXICO CITY (Reuters) – Mexico will impose a 20 percent tariff on U.S. pork imports, two industry officials with direct knowledge of the plan told Reuters on Monday, for the first time providing details of the country’s retaliatory measures to U.S. President Donald Trump’s tariffs on steel and aluminum.