Business & Finance News
Sony Corp announced its first-ever major share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover from a hammering days earlier when investors freaked over lackluster earnings.
Drinks group Pernod Ricard defended its performance and strategy on Friday, in the light of renewed criticism of the company from activist fund Elliott.
Activist hedge fund Elliott kept up the pressure on French drinks group Pernod Ricard, stating that while Pernod’s results this week were good, Elliott still wanted more in terms of corporate governance and steps to boost growth.
The detailed rules for a Nasdaq-style start-up board in Shanghai have fueled hopes among early-stage companies the new regime could bring about positive changes in China’s stance towards raising equity that investors have been seeking.
Starbucks Corp is unlikely to cede its leading position in China, the company’s fastest-growing major market, to Chinese startup Luckin in 2019, Starbucks CEO Kevin Johnson said in an interview on Thursday.
Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
After a year of bruising interrogation, Australia’s oligopoly banking system has emerged from a government-appointed inquiry with reputations tarnished and some top executives removed – but also an unexpected opportunity to rebuild.
Sony Corp announced its first-ever share buyback on Friday, worth 100 billion yen ($910 million), helping its stock recover somewhat from the hammering it received earlier in the week when the technology firm reported lacklustre earnings.
Asian stocks lost ground on Friday as investors worried about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
Jeff Bezos, chief executive of Amazon.com Inc, has accused the owner of the National Enquirer of trying to blackmail him with the threat of publishing “intimate photos” he allegedly sent to his girlfriend unless he said in public that the supermarket tabloid’s reporting on him was not politically motivated.
The U.S. Federal Reserve’s interest rate increase in December likely tipped monetary policy into slightly restrictive territory, a step beyond the neutral level policymakers had hoped to hit, St. Louis Federal Reserve Bank President James Bullard said on Thursday.
The U.S. Federal Reserve’s interest rate increase in December likely tipped monetary policy into a restrictive setting that may be pushing the economy farther from one of the Fed’s key goals, James Bullard, president of the St. Louis Federal Reserve Bank, said on Thursday.
Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
Sony Corp announced on Friday a share buyback of 100 billion yen ($910 million) – its first ever aimed at boosting shareholder returns – sending the Japanese electronics and entertainment company’s shares up more than 5 percent.
Johnson & Johnson said on Thursday it will start adding the price of its medicines to television commercials by next month, becoming the first drugmaker to heed a call by U.S. President Donald Trump for price transparency of drugs advertised directly to consumers on TV.
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