(Reuters) – U.S. stocks rose on Wednesday, as strong earnings from IBM, United Technologies and Procter & Gamble led a rebound for Wall Street from its second biggest decline in 2019. International Business Machines Corp (IBM.N) jumped 8.78 percent and led the gains on the Dow Jones Industrial Average .DJI after the technology services company […]
IRISH fisheries groups have welcomed an EU proposal to compensate trawlers in the event of a no-deal Brexit, if European Union boats are barred from UK waters. A no deal Brexit would automatically mean a ban on British boats fishing in EU waters and EU boats from fishing off Britain. The European Commission has now […]
Domino’s is giving away 1,000 free pizzas today – but only if you spot something rather bizarre floating in the sky. To celebrate the launch of its new Delight range, the takeaway giants are floating lots of huge inflatable slices across London. The 12 foot high Slices of Delight will be placed around the capital’s […]
MOSCOW (Reuters) – The Russian arm of U.S. bank Citi (C.N) said on Wednesday it planned to reduce the number of its offices in the country, but expected to do more business this year. Foreign banks in Russia have been under pressure since Western countries began imposing sanctions on Moscow over its annexation of Crimea […]
John Lewis & Partners has announced plans to close a UK store at a loss of 127 jobs. On Wednesday, the chain said it will close Knight & Lee & Partners in Southsea, following an 18 month review into the business. It said the decision is part of John Lewis’s strategy plan to prioritise differentiation, […]
(Reuters) – U.S. power company PG&E Corp said bit.ly/2T5NcbG on Wednesday it expected capital expenses of about $6.6 billion in 2019 and $6.9 billion in 2020. PG&E, which provides electricity and natural gas to 16 million customers in northern and central California, faces widespread litigation, government investigations and liabilities related to wildfires that could potentially […]
FRANKFURT (Reuters) – Deutsche Bank (DBKGn.DE) said on Wednesday it had received requests for information from regulators and law enforcement agencies around the world that are investigating a money laundering scheme involving Danske Bank (DANSKE.CO). The statement came in response to a Bloomberg report that said the U.S. Federal Reserve was investigating Deutsche Bank’s role […]
Capitalism has taken more people out of poverty than any other political philosophy, Bono has told the World Economic Forum. The U2 singer said “unlocking” private sector funds can help achieve amazing things in developing countries. “Capitalism is not immoral, it’s amoral,” Bono said. “It has taken more people out of poverty than any other […]
WASHINGTON (BLOOMBERG) – The Federal Reserve is examining how Deutsche Bank handled billions of dollars in suspicious transactions from Denmark’s leading lender, according to people familiar with the matter, further intensifying what could be one of the biggest money laundering scandals ever. The Fed’s probe is in an early stage as it scrutinizes whether Deutsche […]
An outline for emergency legislation needed in the event of a no-deal Brexit will be published this week as the Government ramps up its contingency preparation. The heads of the so-called ‘megabill’ covering 17 areas will be published this week with the full bill to be published next month. Nine memos were brought to Cabinet […]