Business & Finance News
TOKYO (Reuters) – Asian stocks got off to a cautious start on Thursday as investors remained nervous amid a looming deadline for Washington’s proposed tariffs on Chinese imports, leaving financial markets in a state of anxious uncertainty.
LONDON(Reuters) – Lloyds Banking Group has made compensation offers worth 76 million pounds ($100.46 million) to victims of a fraud at its HBOS Reading unit, lawmakers said on Thursday.
EDINBURGH (Reuters) – Britain’s biggest carmaker Jaguar Land Rover [TAMOJL.UL] said on Wednesday a so-called “hard Brexit” would cost it 1.2 billion pounds ($1.59 billion) a year, curtailing its future operations in the United Kingdom.
MONTREAL (Reuters) – Airbus Chief Executive Tom Enders said on Wednesday he expects to see the first results of the company’s new majority stake in Bombardier’s CSeries jetliner program within weeks, around the time of the Farnborough Air Show later this month.
EDINBURGH (Reuters) – Britain’s biggest vehicle maker Jaguar Land Rover [TAMOJL.UL] said on Wednesday a so-called hard Brexit would cost it 1.2 billion pounds ($1.59 billion) a year, curtailing its future in the United Kingdom.
RIO DE JANEIRO (Reuters) – Brazilian police arrested a senior General Electric Co executive on Wednesday, as part of a sprawling investigation into fraud in medical equipment tenders overseen by health authorities in the state of Rio de Janeiro, police and prosecutors said.
LONDON (Reuters) – Martin Sorrell is at risk of losing his multi-million pound exit package from WPP after his new advertising venture sought to buy a business that his former employer is also pursuing, a person familiar with the matter told Reuters.
(Reuters) – Netflix Inc premiered its first original series in India in a sheen of Bollywood glitter on Wednesday, upping the stakes in its battle with streaming rival Amazon Prime for a chunk of the country’s more than 1 billion potential viewers.
FRANKFURT/LONDON (Reuters) – Several bidders, including Liberty Global, are preparing offers for TV production company Endemol Shine, maker of classic reality show ‘Big Brother’ and the dystopian ‘Black Mirror’ dramas, before an initial deadline next week.
TOKYO (Reuters) – Zozotown, which swooped in as a little-known retail website and prodded once-reluctant Japanese consumers to shop online for clothes, is now facing stiff competition in the industry whose image it remade.
BEIJING (Reuters) – China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday.
LONDON (Reuters) – World stocks were flat on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors.
FRANKFURT (Reuters) – Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles.
LISBON (Reuters) – Britain’s Supreme Court dismissed on Wednesday an appeal by Goldman Sachs for compensation from Portugal’s Novo Banco over a $835 billion loan to Novo Banco’s bankrupt predecessor, Banco Espirito Santo (BES), which was carved up by the state in 2014.
DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said.
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