TOKYO (Reuters) – Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc (AAPL.O) said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China. The warning from the most valuable U.S. company sobered investor optimism that stimulus from […]
(Reuters) – The Boy Scouts of America, one of the largest youth organizations in the United States, has filed for Chapter 11 bankruptcy protection as it faces legal challenges defending itself against lawsuits alleging sexual abuse. The organization said on Tuesday the bankruptcy aims to compensate victims who were harmed during their time in scouting […]
BRUSSELS (Reuters) – Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus. The Geneva-based trade body said its goods trade indicator fell to 95.5 from the 96.6 reading […]
Shoppers are about to see Tesco Clubcard points worth £17million expire. That's because vouchers for the reward scheme, which lets you earn points for your shopping, are only generally valid for two years. After that they become useless. And on Saturday, 29 February, an awful lot will expire at once. The good news is that […]
SINGAPORE – A spurt of buying by foreigners and new launches helped buoy Singapore’s property market in January, with developers moving 618 private homes in January, up 14.9 per cent from 538 in the previous month. Developer sales were up 41 per cent from 437 units sold a year ago, marking the highest January sales […]
WASHINGTON (Reuters) – The U.S. government on Friday said it would increase tariffs on aircraft imported from the European Union to 15% from 10%, ratcheting up pressure on Brussels in a nearly 16-year transatlantic dispute over aircraft subsidies. The U.S. Trade Representative’s Office said it remained open to reaching a negotiated settlement with the EU […]
NEW YORK (Reuters) – The S&P 500 ended modestly higher on Friday following strong earnings from Nvidia and a report late in the session that the White House was considering a tax incentive for Americans to buy stocks. Uncertainties surrounding the coronavirus epidemic and downbeat economic data had put a damper on investor sentiment for […]
NEW YORK (Reuters) – Wall Street edged lower on Friday as uncertainties surrounding the coronavirus epidemic and downbeat economic data put a damper on investor sentiment. While the S&P 500 and the Nasdaq were down only modestly, the industrials-heavy Dow suffered a larger decline. Having see-sawed through much of the week as buyers took breathers […]
(Reuters) – Luxury department store operator Saks Fifth Avenue, owned by Canada’s Hudson’s Bay Co (HBC.TO), is expanding into bankrupt fashion chain Barneys’ Beverly Hills shop, people familiar with the matter said on Friday. The move comes ahead of a shareholder vote later this month to approve Hudson’s Bay Executive Chairman Richard Baker’s C$2 billion […]
LONDON (BLOOMBERG) – UBS Group is searching for a successor to chief executive officer Sergio Ermotti, the latest European bank to consider changes at the top in an industry beset by sluggish growth. UBS is formally seeking internal and external candidates after Mr Ermotti – one of Europe’s longest-serving bank CEOs – briefed executives on […]