U.S. refiners face weakening demand at pump for first time in 5 year U.S. refiners are facing the prospects of weakening gasoline demand for the first time in five years, stoking fears that earnings this year may be even worse than the dismal performances seen in 2016. The sign of […]
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Business
Tiffany says CEO Frederic Cumenal steps down Tiffany says CEO Frederic Cumenal steps down:- Tiffany & Co (TIF.N) on Sunday said Frederic Cumenal has stepped down as chief executive officer, after what the upscale jeweler called disappointing financial results. The retailer said its chairman and previous chief executive, Michael Kowalski, […]
Toyota raises full-year profit outlook on weaker yen, cost cutting Toyota raises full-year profit outlook on weaker yen, cost cutting:- Toyota Motor Corp (7203.T) on Monday raised its full-year profit forecast by 9.7 percent as the world’s No. 2 automaker expects a bigger reprieve from a weakening yen while cost-cutting […]
JPMorgan gets China corporate bond underwriting license JPMorgan gets China corporate bond underwriting license:- JPMorgan Chase & Co said on Monday it had received approval and license to underwrite corporate bonds in China’s interbank bond market, making it the first U.S.-headquartered bank to do so. The license enables JPMorgan to […]
Asia shares lag Wall St. gains, dollar in doldrums Asia shares lag Wall St. gains, dollar in doldrums:- Asian shares crept up on Monday as Wall Street gathered momentum into a busy week of earnings with more than 100 major companies due to report, while the dollar was again hobbled […]
Alibaba Group expands presence in Australia, New Zealand Alibaba Group expands presence in Australia, New Zealand:- Chinese online retailer Alibaba Group opened its Australian and New Zealand headquarters in Melbourne on Saturday, its first expansion in the region as it seeks to tap growing global demand for products from the […]
Takata taps KSS as final bidder for restructuring deal Takata taps KSS as final bidder for restructuring deal:- Takata Corp (7312.T) has selected Chinese-owned Key Safety Systems (KSS), a U.S.-based auto parts supplier, as the final bidder to extend financial support for the Japanese airbag maker, three sources with knowledge […]
Wall Street stands with two Fed-hike outlook for 2017 Wall Street stands with two Fed-hike outlook for 2017:- Wall Street’s top banks expect just two rate hikes from the Federal Reserve this year and see only modest risk to the U.S. central bank being pressed into a more aggressive pace […]
Lockheed, Pentagon announce $8.5 billion F-35 order Lockheed, Pentagon announce $8.5 billion F-35 order:- The Department of Defense and Lockheed Martin Corp (LMT.N) announced on Friday an agreement worth about $8.5 billion for 90 F-35 jets, the lowest price to date for the Pentagon’s most expensive program. The deal for […]
Banks, jobs data send Wall Street higher Banks, jobs data send Wall Street higher:- U.S. stocks climbed on Friday, with the S&P 500 closing just short of a record high, boosted by gains in financial shares as President Donald Trump moved ahead with deregulation action and by a strong payrolls […]
