FRANKFURT — The European Central Bank took control of a troubled Italian bank Wednesday, an unprecedented step that spotlighted the risks to the eurozone’s financial system from political chaos in Rome and a sputtering economy. The central bank appointed a six-person team to manage Banca Carige, a midsize lender that serves the region around Genoa, […]
Get the DealBook newsletter to make sense of major business and policy headlines — and the power-brokers who shape them.__________ The trade war didn’t seem to discourage Chinese companies from listing their shares on American exchanges last year. In fact, it might have brought more Chinese companies to Wall Street. Tencent Music’s trading debut on […]
Tesla reported record quarterly production and deliveries on Wednesday, but announced a price cut that could suggest softer demand. Investors responded by sending the company’s shares down sharply. Tesla said it produced more than 61,000 Model 3 sedans in the final three months of 2018, an increase of 15 percent from the third quarter. The […]
If you thought all your chocolate eating days were over now that Christmas 2018 is done and dusted, turns out you were wrong, as Cadbury have just announced that they’re bringing back their famous white creme egg hunt. While it might only be the 2nd January, the quest has already started to track down the […]
We’re only two days in, but anyone doing Veganuary this year may already be coming to terms with the fact that following such a restrictive diet means lots of foods are now out of bounds for the month. So Ben & Jerry’s have decided to add a beautiful new ice cream offering to the vegan […]
If you’re trying Veganuary this year but don’t want to miss out on Greggs, then you’re in luck. The high-street bakery has now confirmed it’s launching it’s vegan-friendly sausage role TOMORROW (January 3) – so fans can get their hands on one very soon. The Quorn-stuffed puff pastry will be available in 950 of Greggs’ […]
LONDON (Reuters) – Oil fell to about $53 a barrel on Wednesday, under pressure from rising output in major OPEC and non-OPEC producers and due to concerns about an economic slowdown that could weaken demand. Russian production hit a post-Soviet record in 2018, figures showed on Wednesday. Earlier this week, official data showed U.S. output […]
US stocks ended the worst year since the 2008 financial crisis with slight gains on the final day of trading and posted a more than 6pc loss for the year, while European shares ended the year down 13pc. The S&P 500 finished a choppy session higher and the Nasdaq Composite capped its first four-day advance […]
More pressure could be put on Dublin’s stretched housing market after a number of major US banks warned staff whose roles are moving from London to other European cities because of Brexit that they will only be paid commuting expenses for six months after the UK’s departure. Banks, including Morgan Stanley, are preparing to offer […]
Christmas is over, but before you start crying into the leftover Roses, there’s plenty of sales still to be had. John Lewis have rolled over their incredible Boxing Day sale into the New Year, which means you still have plenty of time to bag a bargain. We’re certainly in for a treat, with everything from […]