Business & Finance News
Europe’s largest low-cost airline Ryanair flew 9 percent more passengers in August than a year ago, it said on Tuesday, its purchase of Austrian carrier Laudamotion helping offset the impact of strikes and staff shortages.
Some automakers in China are alarmed by proposed government restrictions on investing in new manufacturing capacity and the ways in which Beijing is trying to trigger consolidation of the country’s flabby auto industry through mergers and strategic cooperation.
A huge pay rise, eight free trips home a year and a heavily subsidized apartment. It was a dream job offer that a Taiwanese engineer simply could not refuse.
U.S. oil prices rose on Tuesday, breaking past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.
Asian shares fell and the dollar turned higher on Tuesday as the trade dispute between the United States and China threatened to escalate this week, and as emergency austerity measures in Argentina underscored the turbulence gripping emerging markets.
U.S. oil prices edged up on Tuesday, rising back past $70 per barrel, after two Gulf of Mexico oil platforms were evacuated in preparation for a hurricane.
Asian shares fell in early trade on Tuesday, amid growing concerns over escalating international trade disputes and as emergency austerity measures in Argentina highlighted turbulence in emerging markets. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent after European shares ended mostly flat, though a weak British pound helped to lift London’s blue-chip FTSE almost 1 percent.
There is a one chance in four that Britain will leave the European Union in March without a deal, a Reuters poll found, while the Bank of England will wait until after Brexit before raising borrowing costs again.
Google retains only a slight lead over Facebook in the competition for digital ad dollars in the crucial India market, sources familiar with the figures say, even though the search giant has been in the country far longer and has avoided the controversies that have dogged its rival.
A blind woman said an Uber [UBER.UL] driver abruptly left her on the side of a Rio de Janeiro street last week after loudly berating her over her request that he turn down the car’s air conditioning, the latest safety incident involving the ride-hailing firm.
Russian state bank VTB apologized for its CEO Andrey Kostin who made what it called an “emotional comment” on Monday when he described former British foreign minister Boris Johnson as a “jerk”.
France’s Societe Generale expects penalties relating to its dispute with U.S. authorities over international sanctions violations to be close to 1.2 billion euros ($1.4 billion) which would almost entirely be covered by provisions.
French bank Societe Generale expects penalties related to its dispute with U.S. authorities over international sanctions violations will be close to 1.2 billion euros ($1.39 billion), it said on Monday.
Carrefour , Europe’s largest retailer, said on Monday that the head of yogurt maker Danone will sit on a food advisory committee the supermarket group is setting up as it seeks to boost sales of organic products.
South African clothing and homeware retailer The Foschini Group (TFG) said on Monday its London business would be likely to incur some bad debt write-offs as a result of the collapse of House of Fraser.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
