Articles by admin

An 11-day strike at Ahold’s U.S. Stop & Stop supermarket chain cost the company “just over” $200 million in lost sales, the company’s CEO said on Tuesday.

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Dutch supermarket group Ahold, warned on Monday that a strike at its Stop & Shop chain in the United States would hurt its underlying 2019 profit margin.

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World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers.

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A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance.

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A criminal investigation into accounting fraud inside British Telecom’s Italian unit has uncovered more evidence of what prosecutors say was the involvement of senior executives in artificially inflating the division’s financial performance.

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Ahold, the Dutch owner of supermarket chains in the United States and Europe, said on Monday a labor conflict at Stop&Shop in the U.S., now resolved, would hurt its underlying 2019 profit margins.

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Goldman Sachs expects the United States’ decision to end waivers from sanctions on imports of Iranian oil to have a limited impact on prices, even though the timing of the halt is much more sudden than expected.

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India will get additional supplies from other major oil producing countries to compensate for loss of Iranian oil, India’s Petroleum and Natural Gas Minister Dharmendra Pradhan tweeted on Tuesday.

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U.S. independent refiners are expected to roll out lower than expected first-quarter profits after a spate of outages, weak gasoline margins and a surge in the price of Canadian oil, according to analysts.

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Luckin Coffee Inc, the Chinese challenger to Starbucks Corp, filed on Monday for a U.S. initial public offering (IPO) through which, sources said, it is looking to raise up to $800 million.

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Samsung Electronics Co Ltd is retrieving all Galaxy Fold samples distributed to reviewers to investigate reports of broken screens, a day after it postponed the phone’s launch, a person with direct knowledge of the matter said on Tuesday.

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Stocks in Asia rose marginally on Tuesday as many markets reopened after the long Easter break, while oil jumped to its highest this year as the United States tightened sanctions on Iran.

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The U.S. push to reduce Iranian oil exports to zero will tighten crude markets significantly in the short term, but is unlikely to have a big effect on prices over a longer period, Barclays said in a note on Monday.

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Japan expects a limited impact from the U.S. decision not to renew waivers previously granted on Iran oil import sanctions, the country’s trade and industry minister said on Tuesday.

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In a rural part of Indonesia’s Java island, two orange-clad workers confer in Mandarin over plans to lay tracks on a stretch of a $6 billion high-speed rail project between the capital Jakarta and the textile hub of Bandung.

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