Home » Archives by category » Business

Stocks dip as North Korea, France keep investors on edge

Stocks dip as North Korea, France keep investors on edge

Share this story...

LONDON, European shares fell and the dollar dipped against the yen as tensions over North Korea and the coming weekend’s knife-edge presidential election in France kept investors nervous. Low-risk government debt, a favoured investment in uncertain times, was in demand, while gold held firm close to five-month highs touched, the…

Britain’s FTSE set for worst fall in three months as commodities weigh

Britain’s FTSE set for worst fall in three months as commodities weigh

Share this story...

LONDON, British shares followed European markets down, set for their worst day’s fall in three months as lower metals and crude prices weighed on the commodities-heavy index. The FTSE 100 hit a seven-week low, down 0.9 percent, though it pared some losses after sterling fell to a day’s low as…

Bosnia’s Serb region to issue $27.2 mln-worth 5-yr bond on May 3

Bosnia’s Serb region to issue $27.2 mln-worth 5-yr bond on May 3

Share this story...

SARAJEVO, Bosnia’s autonomous Serb Republic said it would issue a five-year domestic bond worth 50 million marka ($27.2 million) on May 3, increasing the amount previously planned to finance maturing debt due to the delay in release of IMF cash. The region had announced the auction of a seven-year domestic…

Canada, Ontario face hard choice as Toronto home bubble builds

Canada, Ontario face hard choice as Toronto home bubble builds

Share this story...

TORONTO, Officials from Canada and its most populous province will meet to bring Toronto’s hot housing market to heel, under pressure from voters angry that speculators or foreigners are fueling a bubble in Canada’s largest city. While no immediate action is expected from the gathering of Sousa and Toronto Mayor…

Compal takes stake in subsidiary of LeEco’s Leshi Internet Information

Compal takes stake in subsidiary of LeEco’s Leshi Internet Information

Share this story...

TAIPEI, Taiwan’s Compal Electronics, a supplier to Chinese technology conglomerate LeEco, has bought a 700 million yuan ($102 million) stake in a subsidiary of LeEco’s Leshi Internet Information and Technology Corp, the companies said. After the investment, Compal will hold a 2.15 percent stake in the subsidiary, Leshi Zhixin, which…

Tesco boss defends Booker deal, says many investors on board

Tesco boss defends Booker deal, says many investors on board

Share this story...

LONDON, Tesco, Britain’s biggest retailer, remains committed to its agreed 3.7 billion pound ($4.7 billion) takeover of wholesaler Booker despite opposition from some big shareholders, its boss said, Tesco’s third and fourth largest investors – Schroders and Artisan Partners who together hold 9 percent of its equity – called on…

Major oil traders see high likelihood of output cuts being extended

Major oil traders see high likelihood of output cuts being extended

Share this story...

LONDON, Major oil traders gathered in Switzerland this week said they expected OPEC and non-OPEC producers to extend their pact to curb output in the second half of this year, providing Russia complies. “I think the surprise so far this year is how quickly shale came back on a relatively…

London Metal Exchange hit by regulatory delay to plan to cut margins

London Metal Exchange hit by regulatory delay to plan to cut margins

Share this story...

LONDON, Regulatory delays to a proposal to slash initial clearing margins by the London Metal Exchange has dealt another blow to the exchange’s ability to fend off competition from U.S. rival CME Group, whose margins are sharply lower. The LME, fighting declining volumes and complaints from its members about higher…

Russia’s Nornickel 2016 core earnings seen down 14 pct

Russia’s Nornickel 2016 core earnings seen down 14 pct

Share this story...

MOSCOW, - Russia’s Norilsk Nickel (Nornickel), the world’s second-largest nickel producer, is expected to post a 14 percent fall in full-year core earnings hit by lower nickel price, a Reuters poll of six banks and brokerages showed. Nornickel’s full-year earnings before interest, taxation, depreciation and amortisation (EBITDA) are expected at…

Malaysia’s Petronas warns on 2017 outlook despite swing to Q4 profit

Malaysia’s Petronas warns on 2017 outlook despite swing to Q4 profit

Share this story...

KUALA LUMPUR - Malaysia’s Petroliam Nasional Bhd warned of a cautious outlook for 2017, although sharp cutbacks in expenses by the state-run oil major allowed it to swing to a fourth-quarter profit from a loss in the year-ago period. Petronas maintained what it called a “conservative” outlook for this year…

Page 1 of 101123Next ›Last »