This week is going to be a very interesting week with so many news coming out to the market that can greatly affect the month of August. Bulls are fighting really hard to stay ahead and bears could be potentially lurking around the corner. Will this week spark a catalyst to tilt one of them […]
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BBC News – Business- Lloyds PPI bill grows £750m to £19.4bnThe company has been trimming costs and closing branches.
- Sainsbury's-Asda merger in jeopardyA merger between Sainsbury's and Asda could push up prices and cut choice, warns the competition watchdog.
- Cyber-thieves set sights on hijacking payment dataCyber-crime gangs are injecting their own code on to websites to steal payment data, an annual study suggests.
- House launches probe of US nuclear plan in Saudi ArabiaA government report says the US is rushing to transfer sensitive nuclear technology to Saudi Arabia.
- Drone no-fly zone to be widened after Gatwick chaosIt will be illegal to fly a drone within three miles of an airport, following drone disruption at Gatwick.
- When class sizes fall so does teachers' payInternational study from OECD suggests that cutting class sizes often means lower pay for teachers.
- Gender pay gap grows at hundreds of big firmsThe pay gap has widened at one in four firms that have revealed their figures ahead of the deadline.
- Ford scales back in South AmericaIt will close a factory in Brazil after more than 50 years, following major cuts in Europe.
- Trade war: Trump says no 'magical date' for US-China dealThe comments come as US and Chinese officials rush to clinch a deal ahead of a 1 March deadline.
- Brexit: What trade deals has the UK done so far?The UK says it want to replicate the EU's trade agreements "as far as possible".
- Lloyds PPI bill grows £750m to £19.4bn
- Reuters: Business News
- Southwest to investigate maintenance-related flight disruptions: executiveSouthwest Airlines Co , which has been in negotiations with its aircraft mechanics union for six years, will be investigating the disruption behind an unprecedented number of out-of-service aircraft, its chief operating officer Mike Van de Ven said on Tuesday.
- Tesla prepares to offer Model 3 leasing to boost demand: ElectrekElon Musk's Tesla Inc is preparing to launch its leasing products for Model 3 to boost demand, news website Electrek said on Tuesday, citing an email sent to employees.
- Oil dips from 2019 highs as rising U.S. supply erodes OPEC cutsOil prices slipped from 2019 highs on Wednesday as soaring U.S. production and expectations of an economic slowdown undermined efforts led by producer club OPEC to cut supply to tighten global markets.
- U.S. approves Fresenius purchase of NxStageThe U.S. Federal Trade Commission has given Germany's Fresenius Medical Care AG and U.S. home dialysis equipment maker NxStage Medical Inc antitrust approval for their merger, the agency said on Tuesday.
- Asia stocks up slightly, eyes on U.S.-China talks, Fed minutesAsian stocks gained a tad on Wednesday after U.S-China trade talks resumed while investors awaited minutes from the U.S. Federal Reserve for clues on policymakers' thinking on interest rates and its balance sheet reduction policy.
- Ford to close oldest Brazil plant, exit South America truck bizFord Motor Co said on Tuesday it will close its oldest factory in Brazil and exit its heavy commercial truck business in South America, a move that could cost more than 2,700 jobs as part of a restructuring meant to end losses around the world.
- U.S. settles with Teva over keeping generic drugs off marketThe U.S. government has reached a settlement with Teva Pharmaceuticals Industries Ltd over charges that its agreements with rivals impeded consumer access to lower-priced generic drugs.
- Exclusive: Fed's Williams says new economic outlook necessary for rate hikesNew York Fed President John Williams on Tuesday said he was comfortable with the level U.S. interest rates are at now and that he sees no need to raise them again unless economic growth or inflation shifts to an unexpectedly higher gear.
- Walmart holiday-quarter sales jump, says consumers still spendingWalmart Inc posted its strongest holiday quarter in at least a decade on Tuesday, boosted by higher grocery and e-commerce sales, and said it saw no signs of weakness in U.S. consumer spending despite recent signs of a slowdown.
- Kellogg, Mondelez stock up on Pringles, Milka for fear of BrexitAs Brexit looms, Kellogg Co and Mondelez International Inc are taking measures to protect Britons from a potential shortage of Pringles chips, BelVita biscuits and Milka chocolate.
- Southwest to investigate maintenance-related flight disruptions: executive