Monday, September 21, 2015

Global Business


Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful

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

Labor shortage a test for Japan's 24/7

Japan's growing labor shortage threatens the nation's ubiquitous convenience stores, whose business model relies on an army of part-timers

Global markets gain higher as French election rally lingers

Shares were higher Tuesday in Europe and Asia as the rally driven by the outcome

Merkel hopeful US will consider EU free trade deal

German Chancellor Angela Merkel fueled expectations of a future EU-U.S trade deal on Sunday, saying she was "very encouraged"

Stocks, euro surge as Macron likely to win

Europe's stock markets and the euro surged Monday after moderate candidate Emmanuel Macron won the first round of France's

NAFTA deal by mid-2018

The United States, Mexico and Canada are likely to reach a basic accord over reworking the North American Free

World Bank, AIIB agree to cooperate

The World Bank Group and the China-led Asian Infrastructure Investment Bank said on Sunday they agreed to deepen their

Oil prices recover but market still under pressure

Oil prices recovered lost ground on Monday following big losses last week, driven by expectations that OPEC will extend

Philips posts sevenfold jump in profits in Q1

Dutch electronics giant Philips on Monday posted a sevenfold leap in first quarter profits after spinning off its lighting

Olsen to depart in wake of Syria controversy

LafargeHolcim Chief Executive Eric Olsen will leave the company in July, the world's largest cement maker said on Monday,

Tokyo shares rally on French presidential vote

Tokyo stocks rose Monday as investors cheered news that market-friendly Emmanuel Macron came out ahead of far-right candidate Marine

Samsung to update software over 'red screen' smartphone

Electronics giant Samsung will this week offer an unusually early software update for its newly-released Galaxy S8 phone, it

Credit Suisse to make capital hike decision

Credit Suisse will not decide on how it wants to raise fresh capital until after this week's annual general

Jimmy Choo up for sale

Luxury shoe maker Jimmy Choo has said it is seeking potential offers for a sale of

China's quota threat charges up electric car market

China's electric-car market is already the world's biggest, but a government proposal to introduce "new energy" vehicle quotas for

S Africa winemakers on quest for quality

Looking out at his 50-hectare (124-acre) estate in a valley nestled below the Helderberg mountains, winemaker Ken Forrester beams

US businesses hit by Venezuela crisis

The political and economic crisis in Venezuela is costing US companies dearly, as General Motors can attest following the

IMF set aside trade split as French vote rattles nerves

International Monetary Fund members on Satur-day dropped a pledge to fight protectionism amid a split over trade policy and

Trump tax plan may produce short term budget

S  Treasury Secretary Steven Mnuchin said on Saturday that the Trump administration's tax reform plan would produce some "short

'Germany not worried by US tax reform'

German Finance Minister Wolfgang Schaeuble is not worried by the prospect of cuts to corporate tax rates in the

Investors push for more info on lobbying at US companies

Dozens of major US companies are facing shareholder votes this spring that seek to require more disclosure about political