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Khashoggi killing complicates Saudi rescue bid for South African arms firm
Loss-making South African arms maker Denel has a problem as it fights to survive. Its potential saviour is Saudi Arabia, now drawing fierce criticism following the killing of journalist Jamal Khashoggi.
Posted on : 2018-11-20 18:45:53
Big pharma leaves big gaps: drugmakers urged to do more for poor
Many of the world's top drugmakers are not doing enough to provide medicines to poor countries, leaving big gaps in access to treatments in crucial disease areas, including cancer, according to a new report on Tuesday.
Posted on : 2018-11-20 18:40:14
Pakistan, IMF extend bailout talks - finance ministry
Pakistan has extended bailout talks with the International Monetary Fund (IMF) and expected an agreement by mid-January, a finance ministry official said on Tuesday.
Posted on : 2018-11-20 18:39:31
Lowe's to get rid of Mexico stores in further streamlining
Lowe's Cos Inc said on Tuesday it was looking to shed its retail operations in Mexico and certain non-core U.S. businesses as the country's second-biggest home improvement chain strives to compete with rivals including Home Depot.
Posted on : 2018-11-20 18:32:19
Kohl's tops same-store sales estimates, raises forecast
Department store operator Kohl's Corp raised its full-year profit forecast and posted better-than-expected quarterly same-store sales on Tuesday, as it moved trendier fashion to stores quicker and bolstered its online business.
Posted on : 2018-11-20 18:31:26
Target third-quarter comparable sales, earnings miss estimates; shares drop
Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 7 percent in premarket trade.
Posted on : 2018-11-20 18:29:25
Exclusive: Nissan expands Ghosn probe to include Renault alliance: sources
Nissan's investigation into alleged misconduct by Chairman Carlos Ghosn is expanding to include Renault-Nissan finances, sources told Reuters - a sign that Nissan may seek to loosen its French parent's hold on their global carmaking alliance.
Posted on : 2018-11-20 18:28:37
Global Markets: iPhone demand worries send ripples through global markets
World stock markets fell on Tuesday as worries over softening demand for the iPhone prompted a sell-off by tech stocks around the world, while the arrest of car boss Carlos Ghosn pulled down Nissan and Renault.
Posted on : 2018-11-20 18:28:24
FedEx expands fleet to add 1,000 Chanje electric vans
FedEx Corp said on Tuesday it plans to add 1,000 Chanje electric delivery vans to its fleet of vehicles in a bid to save on fuel and cut down on pollution.
Posted on : 2018-11-20 18:26:42
France urges Renault to replace Ghosn, defends alliance
France urged Renault on Tuesday to replace CEO Carlos Ghosn a day after his arrest in Japan on financial misconduct allegations, but sought to defend the carmaker's alliance with Nissan, which has been rocked by the scandal.
Posted on : 2018-11-20 18:22:14
Analysis: Bitcoin for payments a distant dream as usage dries up
The use of bitcoin for commercial payments has dropped dramatically this year, even as the original digital coin starts to fulfil one of the basic features of any payment currency: stability.
Posted on : 2018-11-20 18:09:03
Target third-quarter comparable sales, earnings fall, shares drop 11 pct
Target Corp reported third-quarter earnings and comparable sales below estimates on Tuesday, at a time when a strong economy has boosted consumer spending at rival retailers, sending its shares down 11 percent in premarket trade.
Posted on : 2018-11-20 17:34:08
Uber's Middle East rival Careem looks to raise up to $200 million in China: source
Careem, Uber's main Middle East rival, is looking at raising between $100 million and $200 million from Chinese investors, a source with direct knowledge of the matter told Reuters.
Posted on : 2018-11-20 17:32:08
Soccer: Bayern Munich 2017-18 turnover up slightly to 657 million euros - club
Bayern Munich's annual turnover for 2017-18 reached 657.4 million euros ($751.3 million), up almost three percent from last season but net profits were down, the German champions said on Tuesday.
Posted on : 2018-11-20 17:27:15
Lowe's to get rid of Mexico stores in further restructuring
Lowe's Companies Inc said on Tuesday it was looking to shed its retail business in Mexico and certain non-core U.S. businesses as the home improvement chain looks to compete more effectively with rivals in the United States.
Posted on : 2018-11-20 17:07:28
Google invests $700 million in Danish data centre, secures green energy
Google will invest almost $700 million in a Danish data centre powered by the abundant green energy that underpins power-
Posted on : 2018-11-20 17:05:49
Bitcoin extends slide below $4,500, new 2018 low
Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500, bringing the world's best-known cryptocurrency's losses to 30 percent within a week as a selloff in digital currencies intensified across the board.
Posted on : 2018-11-20 17:04:49
RBI move boosts banks' lending ability by up to $42 billion: sources
The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources aware of discussions on the matter said on Tuesday.
Posted on : 2018-11-20 16:58:40
U.S. sanction waivers provided relief, but global economy still fragile - IEA's Birol
Waivers on Iranian sanctions granted by the United States provided some relief to oil markets but the global economy is still very fragile, the head of the International Energy Agency told Reuters on Tuesday.
Posted on : 2018-11-20 16:55:56
Lowe's to divest more businesses as part of restructuring
Lowe's Companies Inc said on Tuesday it was shedding some of its non-core businesses including its Mexican operations as part of restructuring, while also posting a smaller-than-expected rise in quarterly same-store sales.
Posted on : 2018-11-20 16:55:04
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