(Reuters) – U.S. stock indexes nudged higher to fresh record levels on Friday after strong housing data and indications of resilience in the Chinese economy raised hopes of a rebound in global growth. Investor sentiment has brightened this week after the world’s top two economies took the first step in calling a truce to their […]
PARIS (Reuters) – French automaker Renault (RENA.PA) on Friday reported a 3.4% fall in 2019 worldwide sales to 3.75 million vehicles despite growth in Europe. Sales grew by 1.3% to 1.94 million units in Europe but fell 17.2% in China, the automaker said in a statement. Sales fell by 19.3% in Africa, Middle East, India […]
SINGAPORE (THE BUSINESS TIMES) – The Commercial Affairs Department (CAD) is investigating Ju Sheng International Consultancy Services for possible breaches of licensing requirements under the Securities and Futures Act, and whether investors have been defrauded. The company provides consultancy services for derivative trading. Two investment schemes that the company offered to members of the public […]
Oil has risen to the most in more than a week as the preliminary trade truce between the US and China fans optimism about economic growth. Futures rose as much as 1.4pc in New York. Under the settlement between the world’s largest economies, China pledged to increase purchases of US commodities. The landmark deal helped […]
SHANGHAI (Reuters) – Asian shares rose on Friday after global stock indexes and Wall Street posted more records, and as China’s economic growth matched expectations in spite of U.S. trade pressures. The world’s second-largest economy grew 6.0% in the fourth quarter of 2019 from a year earlier, and 6.1% for the full year, official data […]
The pubs sector has served up an unrelenting diet, seemingly, of bad news for most of this century. Today though, courtesy of the Office for National Statistics, there was some rare good news. The ONS revealed that, for the first time in a decade, the number of pubs and bars in Britain rose last year. […]
NEW YORK (Reuters) – The dollar rose while key world and stock indexes on Wall Street scaled new records on Thursday as the U.S.-China trade deal, strong corporate earnings and encouraging U.S. economic data lifted equity markets. Oil rose as the long-awaited Phase 1 trade deal brought some relief to markets, while gold prices slid […]
In what could be the perfect job for someone who enjoys a spot of shopping, an online marketplace has decided it's going to pay people to buy things. And there's no risk of you ending up spending more than your wages either – with a £50,000 pot provided that you absolutely have to spend, on […]
(Reuters) – Bank of New York Mellon Corp (BK.N) missed analysts’ estimates for quarterly profit on Thursday, as the world’s largest custodian bank earned less from its interest-earning assets due to rate cuts by the Federal Reserve. Big U.S. banks that reported results earlier this week also highlighted the hit from lower interest rates after […]
Primark is planning to continue its seemingly unstoppable rise – announcing that on the back of strong sales it's planning to open another 18 stores this year. The fast-fashion chain said it had a "particularly good" November and December, seeing sales rise 4% on last year driven by a "strong contribution" from it's new shops. […]