(Reuters) – U.S. chipmaker Micron Technology Inc (MU.O) gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening. Micron said it expected industry output, including from South Korean rivals Samsung Electronics Co Ltd (005930.KS) […]
NEW YORK (Reuters) – World stock markets inched higher on Tuesday as investors looked ahead to whether the U.S. Federal Reserve will be able to raise interest rates much further amid turbulent markets and a weakening outlook for the global economy. Steep declines in equity markets over the last two months have sapped investor confidence, […]
Back in 2012 the savings rules changed. Starting with the biggest firms and then being pushed out to until everyone – from corner shops to Tesco – was included, bosses were told they had to pay into savings on behalf of their staff. Every worker was automatically put into a pension scheme, with money coming […]
With the Government still struggling to tackle, or even spin its way through the housing crisis, the arrival of Urbeo Residential on the scene is arguably one of the more interesting developments to have taken place in 2018. The company, which is being funded primarily by US investment fund Starwood and to the tune of […]
Thousands of parents in receipt of child benefits, tax credits and more financial help are being warned to be aware their payment dates will vary over Christmas and New Year to reflect the two bank holidays. HMRC – which manages the payments – has published a list of the key dates for your diary over […]
(Reuters) – T-Mobile US (TMUS.O) and Sprint Corp (S.N) have received approval from the Committee on Foreign Investment in the United States (CFIUS) for their proposed merger, the companies said on Monday. Source: Read Full Article
Asian Healthcare Specialists Catalist-listed Asian Healthcare Specialists (AHS) saw net profit surge to $1 million for the second half ended Sept 30, about 31/2 times the year-ago figure of $287,000. This took full-year net profit to $2.5 million, more than five times the previous year’s $0.4 million figure, in its first full-year results since its […]
SHANGHAI (BLOOMBERG) – China’s cleanup of its shadow-banking system is fueling a record number of liquidations in its US$1.9 trillion (S$2.61 trillion) mutual fund market. More than 600 funds have been closed this year, surpassing all liquidations in the previous 12 years combined, data compiled by Bloomberg show. It’s also more than triple the total […]
NEW YORK (Reuters) – Wall Street’s major indexes all slid more than 2 percent on Monday, with the benchmark S&P 500 closing at its lowest in 14 months, on concerns about slowing economic growth ahead of a highly anticipated decision from the Federal Reserve this week on the course of U.S. interest-rate hikes. The S&P […]
The Government has been told it has to turn £12 billion worth of student loans from "debt" into "spending" – effectively admitting they’re grants. That’s because the way student loans work mean eight graduates in 10 will never pay them back in full – instead seeing the debt wiped. “Student loans are proportionate to income, […]