China Geely doubles earnings as Volvo tech boosts sales China Geely doubles earnings as Volvo tech boosts sales:- China's Geely Automobile Holdings Ltd (0175.HK) posted its biggest profit growth in eight years on Wednesday, as improved product design and engineering following its 2010 purchase of Sweden's Volvo helped propel it to record sales. […]
Oil prices fall on bloated U.S. crude storage Oil prices fall on bloated U.S. crude storage:- Oil prices dipped on Wednesday as rising crude stocks in the United States underscored an ongoing global fuel supply overhang despite an OPEC-led effort to cut output. At 0803 GMT, prices for front-month Brent crude […]
Uber board backs CEO Kalanick, still looking for chief operating officer Uber board backs CEO Kalanick, still looking for chief operating officer:- Uber Technologies Inc plans to keep co-founder Travis Kalanick as chief executive following a series of damaging events at the ride services company, a member of its board […]
Luxury goods group Hermes delivers record 2016 profit margin Luxury goods group Hermes delivers record 2016 profit margin:- French luxury goods group Hermes (HRMS.PA) said on Wednesday it was starting 2017 on a solid footing after delivering record 2016 profits, providing further evidence of a broader recovery in the luxury […]
Markets fret as Trump agenda shows signs of cracks Markets fret as Trump agenda shows signs of cracks:- The steepest pullback in stocks since the U.S. presidential election reveals investor angst about President Donald Trump's ability to push through major reforms, leaving stocks vulnerable to a long-anticipated correction. The S&P […]
Hot U.S. real estate a potential red flag Hot U.S. real estate a potential red flag:- The run-up in U.S. real estate prices could potentially amplify any future economic downturn, a Federal Reserve official said on Tuesday, urging regulators globally to consider tools beyond interest rates that could help cool […]
Asian stocks slide as fresh Trump jitters damage risk sentiment "Asian stocks have had a good run so this is a good excuse to take some money off the table though there is plenty of cash waiting on the sidelines to be invested if the selloff intensifies," said Alex Wong, […]
Trump to attend NATO summit in Brussels amid complaint allies owe vast sums President Trump will travel to Brussels in May for a NATO summit, the White House said Tuesday. The announcement comes as Trump has roiled the alliance with renewed complaints about how much European allies are paying for […]
Supreme Court limits president appointment powers Supreme Court limits president appointment powers:- The Supreme Court on Tuesday made it more difficult for the president to quickly fill vacant top government jobs in a case centered on the appointment powers of the executive. In a 6-to-2 ruling, the court limited the […]
Supreme Court nominee Gorsuch stresses his independence from President Trump Supreme Court nominee Gorsuch stresses his independence from President Trump:- Judge Neil Gorsuch stressed his independence and defended the integrity of the federal judiciary Tuesday as the Senate hearings on his Supreme Court nomination turned on the search for his […]
