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UK pay growth slows to 6-month low despite record employment
British workers' pay growth has slowed to its weakest in six months despite record employment, challenging the Bank of England as it considers whether to raise interest rates next month for only the second time since the financial crisis.
Posted on : 2018-07-17 15:19:31
Asiana Airlines stock volatile after takeover report; SK Group denies interest
South Korea's Asiana Airlines Inc saw its stock jump as much as 23 percent on Tuesday after local media reported a possible takeover by SK Group, before erasing gains after the conglomerate denied having any interest in the airline business.
Posted on : 2018-07-17 15:13:56
China's Didi gets $500 mln funding from Booking.com parent
Chinese ride-hailing app Didi Chuxing has received a $500 million investment from U.S. travel firm Booking Holdings Inc, in a boost for its aggressive plan to enter new markets outside of China.
Posted on : 2018-07-17 15:12:20
EU agrees on data deal with Japan
The European Union reached a deal on Tuesday allowing businesses to seamlessly transfer personal data between the bloc and Japan, deepening economic links as the two sides also agree a free-trade pact.
Posted on : 2018-07-17 15:06:31
Saudi's Riyad Bank posts 25 percent second-quarter profit rise
Riyad Bank, Saudi Arabia's fourth-largest lender by assets, posted a 25.2 percent rise in second-quarter net profit on Tuesday, in line with analysts' forecasts as fees and commission income rose.
Posted on : 2018-07-17 14:56:49
India prepared to impose 'safeguards' if steel imports rise: government source
India is planning to impose "safeguards" on steel imports if the volumes coming into the country increase beyond a certain level, a government source said in New Delhi on Tuesday.
Posted on : 2018-07-17 14:56:47
Telia to buy TDC's Norway business in $2.6 billion deal
Swedish telecom operator Telia Company said on Tuesday it was buying operator TDC's Norwegian business for 21 billion Norwegian crowns ($2.60 billion) in a deal that would boost its broadband and TV offering.
Posted on : 2018-07-17 14:49:51
China's Didi says gets $500 million investment from Booking.com parent
Chinese ride-hailing app Didi Chuxing said on Tuesday it has received a $500 million investment from U.S. travel firm Booking Holdings Inc as part of a new agreement.
Posted on : 2018-07-17 14:24:43
India prepared to impose 'safeguards' if steel imports rise: govt source
India is planning to impose "safeguards" on steel imports if the volumes coming into the country increase beyond a certain level, a government source said in New Delhi on Tuesday.
Posted on : 2018-07-17 14:20:15
Analysis: Italy shock shows sovereign CDS still active - flaws and all
Italy's recent bond shock showed that the financial derivatives market designed to insure against sovereign defaults hasn't been killed off by doubts about whether those contracts would pay out when the time came.
Posted on : 2018-07-17 14:06:26
U.S. ban on China's ZTE forces telecoms to rethink business: sources
The U.S. trade ban on Chinese telecom equipment maker ZTE wreaked havoc at wireless carriers in Europe and South Asia and forced operators worldwide to consider broadening their supply networks, industry sources told Reuters.
Posted on : 2018-07-17 13:38:54
Ashok Leyland first-quarter profit tops expectations
India's Ashok Leyland Ltd reported a better-than- expected first quarter net profit on Tuesday, driven by higher sales in its medium and heavy commercial vehicles business.
Posted on : 2018-07-17 13:26:33
Gold edges up on soft dollar ahead of Fed speech
Gold prices edged higher on Tuesday as the dollar remained on the backfoot ahead of U.S. Federal Reserve Chairman Jerome Powell's first congressional testimony.
Posted on : 2018-07-17 13:21:50
Roche lauds new flu drug trial as Tamiflu suffers generics hit
Swiss drugmaker Roche's hopes of regaining ground in the influenza market have been boosted after a late-stage study showed its investigational drug baloxavir marboxil reduced symptoms in people at high risk of complications.
Posted on : 2018-07-17 13:17:40
Italy's Mediaset launches takeover bid for masts group EI Towers
Italy's biggest commercial broadcaster, Mediaset, has joined forces with infrastructure fund F2i to launch a takeover bid for EI Towers, the companies said on Monday.
Posted on : 2018-07-17 13:14:10
Goldman Sachs expects volatile oil market, prices between $70 and $80 per barrel
Investment bank Goldman Sachs expects volatile oil prices in the short-term on the back of uncertainty over possible disruptions to supply, with benchmark Brent crude in a $70-80 per barrel range.
Posted on : 2018-07-17 13:03:03
Electricity investments surpass oil, gas for second year running: IEA
Global electricity investments exceeded those in oil and gas for the second year running in 2017 due to more spending on grids but renewable energy investment fell after years of growth, the International Energy Agency said on Tuesday.
Posted on : 2018-07-17 12:56:20
Federal Bank first-quarter profit jumps 25 percent, beats estimates
Federal Bank Ltd posted a 25 percent jump in its first-quarter profit on Tuesday, helped by higher interest income.
Posted on : 2018-07-17 12:52:36
Qatar Airways adapts to regional political dispute, may avoid making a loss
Qatar Airways' chief executive said the airline was adapting to a regional political dispute that has prevented it flying some routes, and that those restrictions would not necessarily push it into the red for the current financial year.
Posted on : 2018-07-17 12:39:14
Thyssenkrupp leadership vacuum revives restructuring hopes
Thyssenkrupp shares were indicated 3.4 percent higher early on Tuesday as analysts expect a deeper restructuring of the German submarines-to-elevators conglomerate after the resignation of its chairman.
Posted on : 2018-07-17 12:32:17
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