Pernod rides U.S and China growth, cautions on India highway ban Pernod Ricard's (PERP.PA) third quarter sales beat forecasts on Thursday, lifting its shares, but the French spirits group cautioned that a ban on alcohol sales near Indian highways would slow growth in its second-largest market. Pernod, the world's second-biggest […]
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Undaunted by oil bust, financiers pour billions into U.S. shale Investors who took a hit last year when dozens of U.S. shale producers filed for bankruptcy are already making big new bets on the industry's resurgence. In the first quarter, private equity funds raised $19.8 billion for energy ventures – […]
GM China vehicle sales fall in first quarter as tax cut rolled back GM China vehicle sales fall in first quarter as tax cut rolled back:- U.S. automaker General Motors Co (GM.N) said on Friday its first quarter sales in China fell 5.2 percent compared to the same period a […]
China court orders Samsung to pay $11.6 million to Huawei over patent case China court orders Samsung to pay $11.6 million to Huawei over patent case:- A Chinese court has ordered Samsung Electronics's (005930.KS) Chinese subsidiaries to pay 80 million yuan ($11.60 million) to Huawei Technologies [HWT.UL] over patent infringement, […]
U.S. office vacancy rate flat in first quarter U.S. office vacancy rate flat in first quarter:- U.S. office vacancy rate was flat at 15.8 percent in the first quarter of 2017, compared with the fourth quarter of 2016, according to real estate research firm Reis Inc (REIS.O). Asking rent rose […]
ExxonMobil says in talks to buy Singapore Jurong Aromatics ExxonMobil says in talks to buy Singapore Jurong Aromatics:- ExxonMobil said on Wednesday it is in talks to buy a refining-petrochemical complex in Singapore that could boost its fuel and chemical production in Asia. "We can confirm that we are currently negotiating with […]
U.S. regulator fines Credit Suisse unit, adviser over improper investments U.S. regulator fines Credit Suisse unit, adviser over improper investments:- Credit Suisse Securities (USA), a unit of Credit Suisse AG (CSGN.S), and a former investment adviser have agreed to pay about $8 million in fines to settle charges relating to […]
Imagination Tech shares plunge 69 percent as Apple abandons British firm Imagination Tech shares plunge 69 percent as Apple abandons British firm:- Shares in Imagination Tech (IMG.L) crashed 69 percent on Monday after its biggest customer Apple (AAPL.O) said it would stop using the British firm's graphics technology in the […]
Toshiba shares tumble after sources say third earnings postponement likely Toshiba shares tumble after sources say third earnings postponement likely:- Shares in Toshiba Corp tumbled on Monday after sources told Reuters that the troubled Japanese conglomerate would likely miss a third deadline to report its quarterly business results. Toshiba shares […]
Ford recalls F-250 pickups that could roll while in park Ford recalls F-250 pickups that could roll while in park:- Ford Motor Co (F.N) is recalling about 52,600 F-250 pickup trucks sold in the United States and Canada because the vehicles could roll after the driver moves the automatic transmission […]
