(Reuters) – Wall Street was set to break a three-day winning streak on Friday, as trade worries returned after Chinese media took a hard stance on the tariff dispute between the United States and China. The trade war will only make China stronger and will never bring the country to its knees, the ruling Communist […]
Grumpy Cat, the ubiquitous internet celebrity whose permanent scowl spoke for all of us in our darkest moments, died in the arms of her “mommy” on Tuesday, her family said on Friday. She was 7. The cat, whose actual name is Tardar Sauce and who hailed from Arizona, died after complications arose from a urinary […]
LONDON (Reuters) – World share markets suffered a fresh bout of risk aversion on Friday after tough words on trade from China, while bets on a new pro-Brexit leader in Britain whipped the pound towards its worst week since October. Europe’s bourses slipped 0.6% early on that seemed a minor blip after what had happened […]
EIR has lodged a court action in a bid to try and compel rival telcos to pay into an industry fund that would pay for rural telephone infrastructure. Eir says its obligations cost €10m a year while others are getting a free ride. The appeal is against a decision of Comreg, the telecoms regulator, not […]
(Reuters) – Boeing Co said on Thursday it had completed a software update for its 737 MAX jets, which have been grounded worldwide since March after they were involved in two fatal crashes. The airplane manufacturer said it was providing additional information to address requests from the Federal Aviation Administration (FAA) that includes details on […]
NEW YORK (Reuters) – Wall Street extended its rally in afternoon trading on Thursday as upbeat earnings and strong economic data put investors in a buying mood, with technology companies leading the charge. All three major U.S. stock indexes were up about 1%, bringing the bellwether S&P 500 to within 2% of an all-time high […]
FRANKFURT (Reuters) – Deutsche Bank investors are renewing calls for it to scale back its investment bank division ahead of what promises to be a challenging annual shareholder meeting next week. The future of Deutsche Bank’s investment banking operations has returned to the fore after the collapse of merger talks with smaller rival Commerzbank. One […]
(Reuters) – Five U.S. states on Thursday filed lawsuits accusing Purdue Pharma LP of illegally marketing and selling opioids, escalating the wave of litigation over a nationwide abuse epidemic. Iowa, Kansas, Maryland, West Virginia and Wisconsin joined 39 states to file lawsuits targeting Purdue Pharma and its leaders, including former president Richard Sackler and his […]
BRUSSELS/LONDON (Reuters) – Barclays, Citigroup, JP Morgan, MUFG and Royal Bank of Scotland were fined a combined 1.07 billion euros ($1.2 billion) by the European Union on Thursday for rigging the multi-trillion dollar foreign exchange market. Banks have been hit with billions of dollars in penalties worldwide over the last decade for the rigging of […]
SHANGHAI/SINGAPORE (Reuters) – Lured by hopes that China’s retail investors could become major players in global currency markets, foreign brokers are brazenly chasing business in a gray area of the country’s online trading sector, even as Beijing vows to wipe out such activities. Despite its booming middle-class, household foreign exchange trading in the world’s most […]