Wednesday, 24 Apr 2024

Business

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LSE-Refinitiv deal faces long antitrust review: sources

LONDON (Reuters) – U.S. buyout fund Blackstone Group Inc is expected to announce the merger of its majority-owned financial data firm Refinitiv with the London Stock Exchange Group Plc within a week, but the deal is expected to face a long antitrust review before it can close, four sources told Reuters. Negotiations on the $27 […]

Limerick studios win big budget sci-fi for Apple TV

One of the first major commissions for Apple’s new streaming service is to begin filming at Troy Studios in Limerick in the coming months. The big budget sci-fi series Foundation, based on a book series of the same name by Isaac Asimov, is already in pre-production. It is a major coup for Troy Studios which […]

BoD turns it over: O'Driscoll promotion firm's profits at €6.5m

Accumulated profits at the management and promotions firm owned by rugby legend, Brian O’Driscoll last year topped the €6.5m mark. In another stellar year for O’Driscoll’s ODM & Promotions Ltd, it enjoyed profits of €596,006 in the 12 months to the end of August last. Please log in or register with Independent.ie for free access […]

WestJet swings to profit in second quarter ahead of privatization

WestJet Airlines Ltd. says it swung to a profit in the second quarter ahead of Onex Corp. taking the airline private in a $3.5-billion deal. The Calgary-based company says it had net earnings of $44.3 million in the quarter ending June 30, compared with a loss of $15.8 million in the same quarter last year. […]

U.S. economy misses Trump's 3% target in 2018

WASHINGTON (Reuters) – U.S. economic growth in 2018 missed the Trump administration’s 3% target by any measure, which could renew criticism of the White House’s $1.5 trillion in tax cuts. The Commerce Department said on Friday that gross domestic product increased at a 2.9% rate last year, confirming an estimate which was published in March. […]

Hundreds of commuters told they won’t qualify for refunds for heatwave chaos

Hundreds of season ticket holders have been told they won't qualify for refunds after taking the network's advice to not travel on the hottest day of the year. Govia Thameslink Railway (GTR), which operates trains in south-east England, said it will not reimburse passengers unless they attempted to travel during the hot weather – and […]

Singapore hotel room rates to rise by 2% in 2020: Report

SINGAPORE – Singapore’s hotel room rates are expected to rise by 2 per cent in 2020, following “significant” investments into the travel market, according to data from American Express Global Business Travel (GBT) on Friday (July 26). Such investments, which includes the multibillion dollar expansions of Changi Airport and Resorts World Sentosa, are expected to […]

China finds clues of additional Fedex violations: Xinhua

SHANGHAI (Reuters) – China’s government has discovered clues that Fedex violated the law as part of its ongoing investigation into the mail carrier, state-media outlet Xinhua reported on Friday. As part of an ongoing investigation, authorities found that Fedex had detained more than 100 Huawei-related shipments, the outlet added. Source: Read Full Article

Equities drop, bond yields rise on ECB statement, mixed earnings

NEW YORK (Reuters) – U.S. stocks backed off record highs and bond yields rose following mixed earnings and rosier-than-expected economic sentiment from the European Central Bank’s governor. The ECB signaled its intention to explore monetary easing but did not cut interest rates, and bank President Mario Draghi sounded more upbeat on the economy than investors […]