Monday, September 21, 2015

Global Business


German consumer inflation bounced back in April and came close to the European Central Bank's price stability target of

Oil prices fall on oversupply

Oil prices fell on Thursday, weighed down by oversupply, but losses were limited by expectations that major exporters would

Trump not to exit NAFTA now rather renegotiate

President Donald Trump stopped short Wednesday of pulling out of NAFTA despite earlier threats to exit the trade deal,

United to offer passengers up to $10,000 to surrender seats

United Airlines said on Thursday it would offer passengers who volunteer to forfeit their seats on overbooked flights up

Deutsche Bank revenue fall puts pressure on Cryan

Deutsche Bank more than doubled its profit in the first quarter, but its shares fell on Thursday after the

UK retail sales expand in April

British retailers reported the biggest increase in sales volumes since mid-2015 during April, according to an industry survey on

Nokia reports another loss as networks sag

Finland's telecoms giant Nokia reported Thursday that it remained deep in the red at the start of the year,

Samsung foresees bigger profit in 2017


European shares edge up

French luxury group Kering hit a record high on Wednesday after reporting strong sales and European shares hovered near

Trump tax plan will sharply slash corporate tax rates

US President Donald Trump is proposing to slash the corporate income tax rate and offer multinational businesses a steep

Asian stocks near two-year high on US optimism

Asian stocks extended gains for a fifth consecutive day on Wednesday, as renewed optimism about the world's biggest economy

Canon ups profit view on Toshiba medical unit

Canon boosted its full-year profit outlook on Wednesday, as it posted strong first-quarter earnings beefed up by the purchase

Brexit leaves industrial firms staring into regulatory void

Summit Therapeutics  is about to start pivotal tests of a novel antibiotic discovered by UK scientists to treat a

FTSE little changed as focus turns to earnings

British shares were flat on Wednesday, with gains for Standard Chartered and other companies that reported well-received earnings updates

Peugeot says car parts division drove sales in Q1

French auto giant PSA Peugeot Citroen, under investigation for allegedly cheating diesel pollution tests, said Wednesday that its car

'Uber violated transport law'

A South Korean court on Wednesday ruled that the ride-hailing group Uber Technologies Inc illegally used private vehicles for

China Southern to buy 20 Airbus jets

China Southern Airlines has signed a deal worth nearly $6 billion (4.68 billion pounds) to buy 20 aircraft from

Tyson Foods eyes higher wages as US market tighten

Tyson Foods Inc, the biggest U.S. chicken company, said on Wednesday it may raise wages again for workers at

Fargo gets black eye in shareholders vote

Wells Fargo & Co shareholders showed displeasure with the scandal-hit bank's board on Tuesday, offering scant support for a

Hyundai Motor claims itself victim of US missile system

Hyundai Motor Co. reported Wednesday more than a 20 percent drop in its first quarter

Asian stocks gain on bullish wall street

Asian stocks extended gains for a fifth straight day on Wednesday as

Asian markets gains over France poll

Asian markets extended gains Tuesday while the euro held up following Emmanuel Macron's first-round presidential election victory in France,

Alitalia says workers reject rescue plan

Alitalia workers have rejected a restructuring deal from the company's management and unions to save the ailing carrier, the

Greek creditors return for urgent bailout bid

Greece's creditors resume a long-delayed audit Tuesday in an urgent bid to unlock billions of euros in bailout loans

SK Hynix posts record Q1 profit on mobile chip demand

South Korean chipmaker SK Hynix on Tuesday said profit in the first three months of the year boomed more

World stocks on rise

World stocks hit record highs on Tuesday, with investors' relief at centrist Emmanuel Macron's victory in the first round