Global oil costs have hit their lowest level since January as demand is dented by the effects of the US-China trade war, according to market analysts. The cost of a barrel of Brent crude has tumbled almost 20% in the past month – with the rate of the decline accelerating late last week as China […]
NEW DELHI (Reuters) – An Indian startup’s legal challenge against a Walmart unit claiming losses caused by sharp discounting of its products is winning support from other online sellers, in what is shaping as a key test of how the giant retailer operates in the country. The legal tussle between GOQii, a seller of smartwatch-type […]
SINGAPORE – The Monetary Authority of Singapore (MAS) on Tuesday (June 4) said it has imposed a civil penalty of $336,000 on Singaporean Raphael Tham Wai Mun for insider trading in the shares of Auhua Clean Energy PLC (ACE), which is listed on the London Stock Exchange. Tham who was the non-executive vice-chairman of ACE, […]
Over the course of a year, the average British motorist spends 132 hours in traffic jams – working out at five-and-a-half days – but some have it far easier than others. That's according to a new report from Sat Nav firm TomTom, which used satellite data from the past year to work out where in […]
Dublin City Council has shot down Johnny Ronan’s bid to increase the height of office blocks at Dublin’s Docklands. If the change to planning permission had been allowed an additional 1,000 Salesforce staff could have been accommodated. In a double blow to the developer’s Spencer Place Development Co Ltd, the city council has also refused […]
PARIS (Reuters) – Fiat Chrysler is discussing a Renault special dividend and stronger job guarantees in a bid to persuade the French government to back its proposed merger between the carmakers, sources close to the discussions said. The improved offer, if formalized and accepted, would also see the combined company’s operations headquartered in France and […]
FRANKFURT (Reuters) – Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday. The cash offer of $23.85 per share represents a 46% premium to Cypress’ share price over […]
(Reuters) – Rare earth elements are used in a wide range of consumer products, from iPhones to electric car motors, as well as military jet engines, satellites and lasers. Rising tensions between the United States and China have sparked concerns that Beijing could use its dominant position as a supplier of rare earths for leverage […]
(Reuters) – The merchant-banking division of Goldman Sachs Group Inc is set to buy Capital Vision Services LP, which manages MyEyeDr. optometry centers, in a deal valued at $2.7 billion including debt, the Wall Street Journal reported on Monday. The deal is expected to be announced on Monday, WSJ said citing people familiar with the […]
SAN JOSE, Calif. (Reuters) – Apple Inc on Monday launched a “Sign In With Apple” function to rival Facebook and Google web login accounts, drawing a contrast with rivals by stressing protection of users’ information. Apple will also tighten controls on location tracking. When users sign in with their Google or Facebook Inc profiles to […]