Twitter China boss Kathy Chen quits after 8 months Twitter China boss Kathy Chen quits after 8 months:- Twitter Inc (TWTR.N) executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend. Twitter has been […]
Business
Business
Oil prices rise as markets eye OPEC, non-OPEC production cuts Oil prices rise as markets eye OPEC, non-OPEC production cuts:- Oil prices rose in the first trading hours of 2017, buoyed by hopes that a deal between OPEC and non-OPEC members to cut production, which kicked in on Sunday, will […]
Investors brace for 2017 shocks after surprise 2016 run After a late-year rally fueled by the U.S. election pushed stocks to surprising new peaks, investors are wary that the market could be primed for a spill to start 2017. The benchmark S&P 500 .SPX is set to post a roughly […]
New drug approvals fall to six-year low in 2016 New drug approvals fall to six-year low in 2016:- Last year turned out to be a disappointing one for new drug approvals with the U.S. Food and Drug Administration clearing just 22 new medicines for sale, the lowest number since 2010 […]
Taiwan president says more infrastructure spending possible to boost economy Taiwan President Tsai Ing-wen said her government would not rule out additional spending next year to expand basic infrastructure work and boost domestic demand, as part of an active, fiscal policy for reviving the island economy. The cabinet is expected […]
Pork giant Smithfield skips middlemen in grain supply chain Pork giant Smithfield skips middlemen in grain supply chain:- Smithfield Food Inc [SFII.UL], the world’s biggest pork producer, is buying grain elevators and purchasing grain directly from farmers, a move that hits grain handlers already reeling from multiyear lows in corn […]
U.S. goods trade deficit widens; labor market near full strength U.S. goods trade deficit widens; labor market near full strength:- A drop in U.S. exports last month pushed the country’s trade deficit in goods higher while the number of Americans filing for unemployment benefits fell last week in a positive […]
Silicon Valley’s obscure unicorns could boost 2017 IPO market Silicon Valley’s obscure unicorns could boost 2017 IPO market:- Social media firm Snap Inc may be the highest profile tech IPO planned for 2017, with the potential to raise billions. But more than a dozen expected stock offerings of relatively obscure […]
Toshiba shares bonds tumble as second downgrade fans writedown fears Toshiba shares bonds tumble as second downgrade fans writedown fears:- Shares in Toshiba (6502.T) fell more than 19 percent on Thursday, clocking a third day of heavy losses after the Japanese tech-to-nuclear conglomerate said earlier this week it faced a […]
Pending home sales drop to 10-month low in November Pending home sales drop to 10-month low in November:- Contracts to buy previously owned U.S. homes fell in November to their lowest level in nearly a year, a sign rising interest rates could be weighing on the housing market, the National […]
