World tech stocks hit a record high on Tuesday, spurred on by a new all-time peak for Apple, a 17-year top for European tech firms and news that Twitter and Netflix were set to join Wall Street’s flagship S&P 500 index. MSCI’s global tech index scored the milestone after the FAANGs — Facebook, Apple, Amazon, Netflix and Google — drove the technology-heavy Nasdaq to a new closing high in New York on Monday. …read more […]
SYDNEY (Reuters) – Airlines are betting that a new system for showcasing their wares on travel agents’ screens will help sell fancier seats, tastier meals, lounge access and flight options – and give profits a lift.
DUBAI (Reuters) – Saudi Aramco has named at least five new heads of departments including its finance unit after a government reshuffle last week saw several executives at the oil giant moving to other state posts, industry sources familiar with the matter said.
LONDON (Reuters) – Britain has sold some of its holding in Royal Bank of Scotland , the bank which it rescued in the 2008 financial crisis, but has taken a loss of more than 2 billion pounds ($2.68 billion) on the deal.
SYDNEY (Reuters) – Air traffic control strikes are more of a threat to European airlines this year than a rise in fuel prices, the chief executive of British Airways-owner IAG said on Tuesday.
TOKYO (Reuters) – Japan’s Sharp Corp said it will buy Toshiba Corp’s personal computer business and issue $1.8 billion in new shares to buy back preferred stock from banks, highlighting a swift recovery under the control of Foxconn.
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.
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.
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.
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.
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.
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.
(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.
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.
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.
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