Sunday, 6 Oct 2024

Business

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PG&E submits safety report to California regulator

(Reuters) – Power utility company PG&E Corp said on Friday it had submitted a report detailing how the company upgraded the safety of its gas pipelines to the California Public Utilities Commission. The company said it completed 585 projects that include installing automated valves, strength testing, replacing and upgrading its pipelines. The company filed for […]

U.S. SEC to review stock trading rules in big potential shakeup

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission is launching a review of the main set of rules governing stock trading, opening the door to the biggest potential changes in a decade-and-a-half, the head of the agency said on Friday. The possible changes are aimed at making it easier to trade illiquid stocks, […]

Wall Street weekahead: Housing shares dependent on economy easing but not falling

NEW YORK (Reuters) – The pace of U.S. economic growth may prove to be critical for shares of homebuilders, which have climbed sharply as spring approaches. An easing economy that allows for lower interest rates supports an optimistic outlook for the industry, investors say, but any hints of a sustained downturn could sink shares. So […]

Bad-tempered battle for Debenhams turns nasty amid executive fury

The battle between Mike Ashley and the board of Debenhams was already ill-tempered. Now, it’s become openly nasty. He doesn’t like them, and they don’t like him. Mr Ashley owns just under 30% of the company’s shares and has consistently criticised the store chain for misfiring. Now, he’s announced that he thinks all but one […]

'Unprecedented' uncertainty from Brexit impacting SMEs

The “unprecedented” uncertainty from Brexit is starting to impact small and medium businesses in Ireland. This is according to the latest SME Market Monitor from the Banking and Payments Federation Ireland (BPFI). While the Irish economy has improved over recent years, with a return to more sustainable growth and trading conditions, there exists a number […]

No 'silent lambs': China supports Huawei's bid for U.S. legal redress

BEIJING (Reuters) – The Chinese government’s top diplomat, State Councilor Wang Yi, said on Friday that China supports Huawei Technologies’ bid for legal redress in the United States, adding that Chinese companies should use “legal weapons” and not be “silent lambs”. The Chinese telecoms equipment maker has sued the U.S. government, saying a law limiting […]

Rental sector a 'release valve' for housing crisis

CAIRN Homes chief executive Michael Stanley has said that first-time home buyers will continue to be the company’s “core business”, notwithstanding the rapid rise of the market for Build-to-Rent apartments in Dublin. Commenting on the increasing number of sales of entire residential schemes to institutional investors, Mr Stanley described the BTR – or private rented […]

Deutsche Bank, Commerzbank CEOs resume talks over potential merger: Focus

FRANKFURT (Reuters) – Deutsche Bank and Commerzbank’s chief executives have resumed talks over a potential merger of Germany’s two biggest lenders, Focus magazine reported on Friday, citing people familiar with the matter. Deutsche Bank CEO Christian Sewing and his counterpart at Commerzbank, Martin Zielke, have been in intense talks for some days, the magazine said. […]

'Culture has been shaped by the stories we tell' – Diageo film focuses on misrepresentation of women in advertising

The misrepresentation of women in advertising is the focus of a short film from Diageo released ahead of International Women’s Day. Putting gender balance in that industry in the spotlight, the role of advertising in shaping cultures is discussed in the corporate-made film. It highlights the importance of supporting more progressive gender portrayal in content, […]