Friday, 3 May 2024

Business

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Wall St. set to open near record highs in thin Christmas Eve trade

(Reuters) – U.S. stock indexes were set to trade near record highs heading into the Christmas break on Tuesday, fueled by optimism over improving trade relations between Washington and Beijing. All three major stock indexes closed at all-time highs on Monday, continuing a record-setting spree. President Donald Trump further fanned hopes of a trade truce […]

Home Bargains is selling a weighted blanket for £30 to help you fall asleep

Home Bargains is selling weighted blankets for a fraction of the price of other brands. Designed to help you feel snug and secure, as well as fall asleep faster, weighted blankets can cost well over £100, with the John Lewis version coming in at between £60 and £110 . Which is why shoppers were getting […]

S&P 500, Nasdaq extend record run amid trade optimism; Boeing boosts Dow

(Reuters) – The S&P 500 and the Nasdaq hit fresh record highs on Monday as President Donald Trump said an initial U.S.-China trade pact would be signed soon, while Boeing was a big boost to the Dow after the planemaker fired its chief executive officer. Boeing Co (BA.N) jumped 2.7% and also lifted the S&P […]

Boeing dismisses CEO Muilenburg to restore confidence over 737 MAX crisis

(Reuters) – Boeing Co (BA.N) has ousted Chief Executive Dennis Muilenburg in an attempt by the world’s biggest planemaker to restore confidence as a prolonged crisis has seen it halt production of its best-selling 737 MAX jetliner following two fatal crashes. Monday’s sacking coincides with Boeing struggling to mend relations with the regulators it needs […]

Credit Suisse admits surveillance of second executive

ZURICH (Reuters) – Credit Suisse (CSGN.S) on Monday admitted it was behind instructions to carry out surveillance on a second executive, after dismissing a previous similar incident as an “isolated event”. Switzerland’s second-largest bank pinned the blame on former chief operating officer Pierre-Olivier Bouee, who it said hired detectives to track former HR head Peter […]

JD.Com's logistics unit taps banks for potential $8-$10 billion IPO: sources

HONG KONG (Reuters) – The logistics unit of Chinese e-commerce company JD.com Inc (JD.O) has held early discussions with banks about a potential overseas IPO that could raise $8 billion to $10 billion, two people with direct knowledge of the matter told Reuters. JD Logistics is targeting a valuation of at least $30 billion, according […]

Poverty hits 272,000 this Christmas as boom leaves them behind, claims FF

More than a quarter of a million people face Christmas living in “consistent poverty”, which means they subsist on 60pc of the average income. Fianna Fáil welfare spokesman Willie O’Dea said new statistics show that despite full employment and rising incomes, 272,000 people are being “left behind.” So-called “consistent poverty” is the Government’s own recognised […]

Open Orphan in line to take stake in '$1bn' flu drug

The planned reverse takeover by Irish pharma services firm Open Orphan of UK-based Hvivo will see the merged entity have a stake in what could be a $1bn-plus flu vaccine now under development. The takeover deal – announced earlier this month – values Hvivo at £13m (€15.2m) and will give the combined business a valuation […]

Russia gas export pipeline in jeopardy as Trump signs sanctions bill

WASHINGTON (Reuters) – Swiss-Dutch company Allseas said it had suspended work on building a major Russia-to-Germany natural gas pipeline in order to avoid U.S. sanctions contained in legislation signed by President Donald Trump on Friday. The move throws into doubt the completion date of the $11 billion project that Moscow had said would be ready […]

Fiscal fine words no substitute for real action

In a recent speech, Minister for Finance Paschal Donohoe put forward a logical argument in favour of sound economic and budgetary management – but the suggested policies that follow these warnings must go beyond words. Periodic speeches from a minister warning of the dangers of inappropriate fiscal policy are all well and good, but it’s […]