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EU, Switzerland, U.S. complain about Gulf excise tax at WTO
The European Union, Switzerland and the United States have complained at the World Trade Organisation about an excise tax imposed by several Gulf Arab states on carbonated and energy drinks, according to notes of a WTO meeting and diplomatic sources.
Posted on : 2018-07-17 17:02:21
Johnson & Johnson lowers full-year sales forecast, shares fall
Johnson & Johnson lowered its sales forecast for 2018 on Tuesday, citing a strengthening dollar.
Posted on : 2018-07-17 16:52:53
Exclusive: Kenya's Safaricom in 'advanced talks' to take M-Pesa to Ethiopia
Kenya's Safaricom is in "advanced talks" with the Ethiopian government to introduce its popular M-Pesa mobile money service, a major step towards establishing a toe-hold in the market of 100 million people, two sources said on Tuesday.
Posted on : 2018-07-17 16:46:50
Japan's regional jet not flying so high after air show prang
Japan's efforts to show off its new regional jet, the MRJ, were dealt another setback on Tuesday after a prang forced it to skip a flying display at the Farnborough Airshow.
Posted on : 2018-07-17 16:38:51
Factbox: Likely winners and losers from a Japan-EU trade deal
Japan and the European Union are set to sign a free-trade deal on Tuesday to remove nearly all customs duties and boost market access for Japanese car makers and European food exporters.
Posted on : 2018-07-17 16:35:05
IBM partners Stronghold for new digital stable coin
International Business Machines Corp is backing a new cryptocurrency pegged to the U.S. dollar, in a partnership with U.S.-based financial services provider Stronghold that adds stability to a sector known for its volatility, the companies said.
Posted on : 2018-07-17 16:33:14
ArcelorMittal Temirtau to suspend hot-rolled steel coil exports to Iran - adviser
ArcelorMittal Temirtau, a Kazakh unit of the world's largest steelmaker, will suspend the export of hot-rolled steel coils to Iran due to the re-imposition of U.S. sanctions, Alex Agoureev, an adviser to the company, told Reuters.
Posted on : 2018-07-17 16:31:51
Johnson & Johnson's quarterly profit rises 3.3 percent
Johnson & Johnson reported a 3.3 percent rise in quarterly profit on Tuesday, as higher sales of cancer drugs Zytiga and Darzalex helped offset pressure on its blockbuster rheumatoid arthritis treatment Remicade.
Posted on : 2018-07-17 16:30:06
Japan, EU sign free trade pact amid worries about Trump policies
Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. President Donald Trump's trade policies.
Posted on : 2018-07-17 16:28:21
Telia strikes $2.6 billion deal to buy rival TDC's Norway business
Swedish telecom operator Telia Company is buying TDC's Norwegian business in a $2.6 billion deal that adds broadband and TV to its services in Norway.
Posted on : 2018-07-17 16:26:37
Japan, EU sign FTA amid worries about Trump's trade war
Japan and the European Union signed a wide-ranging free trade deal on Tuesday that both sides hope will act as a counterweight to the protectionist forces unleashed by U.S. President Donald Trump's trade policies.
Posted on : 2018-07-17 16:11:17
Gold edges up on softer dollar ahead of Fed testimony
Gold edged up on Tuesday as the dollar dipped and most other markets were subdued before Federal Reserve Chair Jerome Powell testifies to the U.S. Congress, though the precious metal was not far off a recent seven month low.
Posted on : 2018-07-17 16:07:37
Nifty, Sensex end higher; banks, oil companies lead
Indian shares snapped two straight sessions of losses on Tuesday, helped by gains in financial stocks such as ICICI Bank Ltd and oil companies including Hindustan Petroleum Ltd.
Posted on : 2018-07-17 16:05:55
Thyssenkrupp leadership vacuum fuels restructuring hopes
Thyssenkrupp shares bounced 8 percent on Tuesday, lifted by hopes of a deeper restructuring of the German submarines-to-elevators conglomerate after the chairman resigned, leaving the company in a leadership crisis.
Posted on : 2018-07-17 16:01:58
EU says VW yet to guarantee emission fix does not impair cars
European consumer authorities criticised Volkswagen on Tuesday for failing to guarantee that repairs after the Dieselgate scandal would not affect cars' performance.
Posted on : 2018-07-17 15:46:47
Boeing lifts industry demand forecast as air show deals roll on
Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions.
Posted on : 2018-07-17 15:44:24
Global Markets: World stocks ride out oil rout as focus turns to Fed
World stocks recovered some ground on Tuesday as oil prices stabilised, while the dollar edged lower and most other markets were subdued before Federal Reserve Chair Jerome Powell testifies to the U.S. Congress. MSCI's world equity index, which tracks shares in 47 countries, was broadly unchanged, with energy companies in Europe and Asia recovering ground from early losses caused by the previous day's turbulence in commodity markets.
Posted on : 2018-07-17 15:41:31
Roche touts new flu drug as Tamiflu suffers generics hit
Swiss drugmaker Roche's hopes of recapturing lost ground in the generics-flooded influenza market got a boost after a late-stage study showed its new medicine reduced symptoms in people at high risk of complications.
Posted on : 2018-07-17 15:36:55
Oil steadies on supply outages, U.S. China trade
Oil prices stabilised on Tuesday as worries over supply disruptions balanced signs of increasing production and potential damage to global growth from the U.S.-China trade dispute.
Posted on : 2018-07-17 15:35:40
Boeing lifts industry demand forecast as air show deals role on
Boeing raised its rolling 20-year industry forecast for passenger and cargo aircraft on Tuesday, as a steady flow of deals on day two of the Farnborough Airshow underscored the industry's resilience to rising global trade tensions.
Posted on : 2018-07-17 15:21:06
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