Tuesday, 31 Mar 2020

Business

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Wage growth climbs to new near 10-year high

The pay figure reported by the Office for National Statistics (ONS) is an improvement on the 3.2% increase recorded a month ago and the best since the last quarter of 2008. It also meant that in real terms – that is, stripping out the impact of inflation – earnings were now growing faster than at […]

Home delivery: Hines and APG to invest €1bn in new rental stock for Dublin

US real estate giant Hines and Dutch partner APG Asset Management have announced their intention to deliver a total of 3,000 homes to the rental market in Dublin and the greater Dublin Area in the coming years. News of the estimated €1.1bn investment in Ireland’s Build-to-Rent market came at the commencement yesterday of construction on […]

Asia shares near three-week lows, sterling struggles on Brexit woes

SYDNEY (Reuters) – Chinese shares pulled ahead on Tuesday after Beijing confirmed it was still in trade talks with the United States, though sentiment remained fragile in Asia as the pound wallowed near 20-month lows on deepening political turmoil over a Brexit deal. Chinese Vice Premier Liu He spoke with U.S. Treasury Secretary Steven Mnuchin […]

SEC says Citadel Securities ordered to pay $3.5 million as penalty

(Reuters) – The U.S. Securities and Exchange Commission said on Monday that Citadel Securities LLC has been ordered to pay a penalty of $3.5 million for reporting incorrect trade execution data for about 80 million trades from November 2012 to August 2016.     Citadel Securities, which provides trading services to asset managers, banks, broker-dealers, and […]

Chinese province pledges billions to drive tech, innovation

SHANGHAI (Reuters) – China’s coastal province of Zhejiang, home to e-commerce giant Alibaba (BABA.N), has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported. The plan comes at a time when central and local governments around China are taking increasing steps […]

China's Huawei executive seeks bail in U.S. extradition case

VANCOUVER (Reuters) – A Canadian provincial court on Monday weighed whether to grant bail to a top executive of one of the world’s biggest telecommunications companies, Huawei Technologies [HWT.UL], while she awaits a ruling on extradition to the United States. U.S. prosecutors want Chief Financial Officer Meng Wanzhou to be extradited to face accusations she […]

Executive of China's Huawei asks for bail in U.S. extradition case

VANCOUVER (Reuters) – A Canadian provincial court in Vancouver on Monday weighed whether to grant bail in an extradition case to a top executive of China’s Huawei Technologies [HWT.UL] following her arrest at the request of the United States. Lawyers for Huawei’s Chief Financial Officer Meng Wanzhou made their case for her freedom, arguing that […]

Pound hits 18-month low as Brexit vote pulled

Sterling fell by more than a cent to just above $1.26, its lowest level since June 2017 – and also dipped by more than a cent against the euro to less than €1.11. The currency has been battered by recent uncertainty about Brexit. Experts expect to see it dip sharply if there is no deal. […]