China downplays tensions with U.S. as Xi prepares to meet Trump Beijing sought to play down tensions with the United States and put on a positive face on Friday as the U.S. administration slammed China on a range of business issues ahead of President Xi Jinping's first meeting with President […]
United States
BlackBerry profit beats expectations on software push BlackBerry profit beats expectations on software push:- BlackBerry Ltd reported better-than-expected adjusted earnings for the sixth straight quarter, as the smartphone pioneer's shift to the higher-margin software business paid off. The Canadian firm also said on Friday it expects to be profitable on an adjusted […]
Toshiba likely to miss quarterly earnings deadline for 3rd time-sources Toshiba likely to miss quarterly earnings deadline for 3rd time-sources:- Toshiba Corp will likely miss a third deadline to report its quarterly business results, two sources told Reuters, forcing the Japanese conglomerate to ask for a fresh extension or face […]
Fannie, Freddie may write down $21 billion due to U.S. tax cut Fannie, Freddie may write down $21 billion due to U.S. tax cut:- U.S. mortgage finance giants Fannie Mae (FNMA.PK) and Freddie Mac (FMCC.PK) may write down $21 billion of tax-related assets if there is a deep cut in […]
Beyond jobs, car sales to give insight on consumer health Forget the jobs report. The most interesting bit of U.S. economic data next week is Monday's auto sales release, which will offer a measure of the middle-class consumer and a sector of the stock market that has had a rough […]
Paris commuter train tracks France's political divide Paris commuter train tracks France's political divide:- A 90-minute train ride from the Gare de Lyon station in Paris traces a political gulf between big-city voters and the rest, a divide that has shaken up Britain and the United States and has an […]
Ousted South Korean leader behind bars after arrest on bribery charges Ousted South Korean leader behind bars after arrest on bribery charges:- Ousted South Korean leader Park Geun-hye was behind bars in the Seoul Detention Centre on Friday after her arrest, on charges including bribery, in a corruption scandal that […]
Apple sends warning to banks with Australian mobile payments decision Apple sends warning to banks with Australian mobile payments decision;- Apple Inc on Friday won a victory in its global fight to prevent banks from introducing their own mobile payment services on Apple devices, as an Australian regulator barred lenders […]
Trump helps make cross-border M&A great again Trump helps make cross-border M&A great again:- Cross-border M&A had its strongest start since 2007, driving first-quarter global volumes up 7 percent, as optimism over U.S. President Donald Trump's economic agenda buoyed the stock market and the dollar, making foreign acquisitions cheaper than […]
Volkswagen settles 10 U.S. state diesel claims for $157 million Volkswagen settles 10 U.S. state diesel claims for $157 million:- Volkswagen AG said on Thursday it has agreed to pay $157.45 million to settle environmental claims from 10 U.S. states over its excess diesel emissions, as the world's largest automaker […]
