Tokyo leads Asian stocks higher as yen stumbles Tokyo leads Asian stocks higher as yen stumbles:- Stock markets were broadly higher across Asia Tuesday, with Japanese equities leading the region as solid U.S. manufacturing data weakened the yen against the dollar. In other currencies, the British pound GBPUSD, -0.6619% was […]
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Business
Dutch Bank ING to Slash 7000 Jobs, Close Branches Dutch Bank ING to Slash 7000 Jobs, Close Branches : BRUSSELS (AP) — Dutch banking group ING said Monday that it is slashing 7,000 jobs in Belgium and the Netherlands as the company focuses on online services in the face of […]
Global Stocks Rise on Monday Global Stocks Rise on Monday : TOKYO (AP) — Global stocks were mostly higher Monday as investors weighed the prospects of a further U.S. interest rate hike and a report on business sentiment out of Japan. KEEPING SCORE: France’s CAC 40 added 0.3 percent in […]
World Bank: Boosted Spending Can Expand Philippine Economy World Bank: Boosted Spending Can Expand Philippine Economy : MANILA, Philippines — The Philippine economy may grow faster than expected if public infrastructure spending is increased as planned, the World Bank said Monday. If that happened, the country’s economic growth may exceed […]
Shanghai Regulators Fine OSI and Unit More Than $3.6 Million for Meat Scandal Shanghai Regulators Fine OSI and Unit More Than $3.6 Million for Meat Scandal : BEIJING—Regulators in Shanghai slapped U.S. meat supplier OSI Group LLC and a local subsidiary with more than 24 million yuan ($3.6 million) in […]
Deutsche Bank races against time to reach U.S. settlement Deutsche Bank races against time to reach U.S. settlement: Deutsche Bank (DBKGn.DE) is throwing its energies into reaching a settlement before next month’s presidential election with U.S. authorities demanding a fine of up to $14 billion for mis-selling mortgage-backed securities. The […]
Qualcomm + NXP Would Change Everything In Semiconductors Qualcomm + NXP Would Change Everything In Semiconductors : A report in the Wall Street Journal said that Qualcomm was in talks to acquire NXP for an estimated $30 billion, marking another mega acquisition in the semiconductor industry. Ironically, it was NXP’s […]
Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks Fines, Withdrawals, Job Cuts. It Was an Ugly Day for Global Banks : Even before the opening bell in New York, Thursday looked like a grim day for some of the giants of global banking. But few expected […]
Renault signs deal for venture in Iran as its economy opens Renault signs deal for venture in Iran as its economy opens : PARIS (AP) — Renault has reached a deal with Iran’s government to open a plant making at least 150,000 vehicles a year, as European companies race for […]
Deutsche Bank Has Plenty of Liquidity Amid Stress, Analysts Say Deutsche Bank Has Plenty of Liquidity Amid Stress, Analysts Say : Deutsche Bank AG has plenty of readily available funds even if some clients pull deposits, according to analysts, responding to a drop in the bank’s shares after some hedge […]
