AMSTERDAM (Reuters) – The Dutch government said on Thursday it will cooperate with an investigation by the EU Commission into Nike Inc.’s (NKE.N) tax arrangements in the Netherlands. “To be clear: this does not mean that the commission has already reached a verdict, but merely that they have doubts whether or not there was state […]
LONDON (Reuters) – Jaguar Land Rover (JLR) will cut 10 percent of its workforce, mostly in its home market, as Britain’s biggest carmaker faces lower Chinese demand and a slump in European diesel sales. JLR, based in central England, will cut some 4,500 out of 42,500 jobs, targeting managerial roles rather than production-line workers as […]
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SINGAPORE – United Overseas Bank has renewed its regional bancassurance arrangement with Prudential for 15 years. Prudential will pay the lender a fee of $1.15 billion over this period. The new pact extends the original alliance, which runs from 2010 to 2034, and will include Vietnam as a fifth market. Under the arrangement, UOB will […]
TOKYO (Reuters) – Asian shares edged up on Thursday as stimulus expectations and a rise in the yuan helped Chinese equities erase early losses, while markets awaited more news on U.S.-China trade talks amid hopes that an all-out trade war can be averted. MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.3 percent, hovering […]
Taoiseach Leo Varadkar has said it would not be acceptable for the Northern Ireland Assembly to have a veto over the so-called backstop to avoid a hard Border. The British government published proposals which would see Stormont given the power to veto new EU rules if the backstop came into effect post-Brexit. It came as […]
NEW YORK (Reuters) – Sears Holdings Corp Chairman Eddie Lampert submitted a revised roughly $5 billion takeover bid for the company on Wednesday, people familiar with the matter said, boosting the chances that the U.S. department store operator will escape liquidation. In a concession, Lampert agreed to assume tax and vendor bills Sears has incurred […]
TOKYO (Reuters) – Asian shares began cautiously on Thursday, struggling to rise after a multi-day rally as markets await more news on U.S.-China trade talks that have raised hopes of a deal to avert an all-out trade war. MSCI’s broadest index of Asia-Pacific shares outside Japan was a tad lower, trading not far off a […]
(Reuters) – Home furnishing retailer Bed Bath & Beyond Inc (BBBY.O) on Wednesday reported a better-than-expected quarterly profit and forecast earnings for 2019 above Wall Street estimates, sending its shares up 16 percent in extended trading. Bed Bath & Beyond, which sells everything from bath towels and bed sheets to kitchen appliances and home furnishings, […]
Gardaí have told a farmer that he cannot patrol the roads around his farm with a shotgun to protect his sheep against attacks by dogs accompanying hillwalkers. North Sligo farmer Andy ‘The Bull’ McSharry hit the headlines this week when he said he would shoot dead any dogs found with or without a lead on […]