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 […]
Read More...
BBC News – Business- How to Hanami: Chasing Japan's cherry blossom seasonJapan's cherry blossom festival is a short-lived spring experience that draws millions of visitors.
- How tariffs saved the US pencil industryAs trade tariff controversies continue, US pencil-makers say levies on Chinese imports saved their businesses.
- Teenage money muleOne young woman tells the BBC how she let her bank account be used for money-laundering scam.
- Companies sign up to pledge to cut plastic pollutionMore than 40 firms including Coca-Cola have promised to reduce harmful packaging.
- UK car output slumps on poor demandProduction fell by 13.3% in March, with sharp falls in shipments to the UK and overseas.
- Facebook sales soar despite data scandalThe firm reports a near 50% revenue rise and says it is taking a broader review of its responsibilities.
- Vincent Bolloré under formal investigation in Africa corruption probeA judge puts billionaire Vincent Bolloré under formal investigation over corruption allegations.
- Whitbread to spin off Costa chain as a separate firmWhitbread is to split off the UK's biggest coffee chain after pressure from activist investors.
- Persimmon hit by investor revolt over executive payThe housebuilder faced a backlash by shareholders over a plan to pay its boss £75m.
- Airbus and Dassault join forces to build next fighter aircraftThe rival companies join forces to build a fighter aircraft to replace the Eurofighter and Rafale jets.
- How to Hanami: Chasing Japan's cherry blossom season
- Reuters: Business News
- ZTE tells suppliers China trade row may be factor in U.S. ban: sourceNEW YORK (Reuters) - China's ZTE Corp held a conference call on Wednesday with major suppliers, during which a company representative suggested the trade dispute with Beijing may have been a factor in last week's U.S. order banning American firms from selling goods to the smartphone maker, according to a person familiar with the call.
- China considering cutting duty on imported cars by about half: BloombergBEIJING/SHANGHAI (Reuters) - China is considering cutting the import duty on passenger cars by about half as part of the country's plan to further open up the automobile market, Bloomberg News reported on Thursday, citing people familiar with the matter.
- Qualcomm easing licensing terms in bid to strike dealsSAN FRANCISCO (Reuters) - Qualcomm Inc's earnings call on Wednesday showed just how far the company is willing to go to preserve one of its core business practices of taking a cut of the selling price of phones.
- Samsung Electronics flags mobile weakness as chips power record first-quarter profitSEOUL (Reuters) - Samsung Electronics Co Ltd said weakness in the global smartphone market would slow earnings growth, as it reported record quarterly profit on Thursday thanks to strong demand for semiconductors used in servers.
- Asia a bright spot for Japan carmakers facing sluggish U.S. sales, trade concernsTOKYO (Reuters) - Japanese automakers that rely heavily on exports to sell their models in the United States would be hardest hit by trade restrictions the country is threatening to impose, as rivals with more limited exposure focus on growing, niche markets.
- Facebook's rise in profits, users shows resilience after scandals(Reuters) - Facebook Inc shares rose on Wednesday after the social network reported a surprisingly strong 63 percent rise in profit and an increase in users, with no sign that business was hurt by a scandal over the mishandling of personal data.
- GM president says near resolution for South Korea unit, union accepts wage dealSEOUL (Reuters) - General Motors Co's president said on Thursday that it was very close to a resolution to fix its ailing South Korean unit, as its South Korean union accepted a wage deal.
- Asia stocks rise as U.S. earnings prop up Wall Street, dollar solidTOKYO (Reuters) - Asian stocks rose on Thursday as robust corporate earnings helped Wall Street quell concerns about the surge in U.S. bond yields, while the dollar hovered near 3-1/2-month highs against a basket of currencies.
- Chevron evacuates Venezuela executives following staff arrests(Reuters) - U.S. oil major Chevron Corp has evacuated executives from Venezuela after two of its workers were imprisoned over a contract dispute with state-owned oil company PDVSA, according to four sources familiar with the matter.
- Comcast confirms $31 billion bid for Sky, sparking battle with FoxLONDON/NEW YORK (Reuters) - U.S. media group Comcast submitted a 22 billion pound($30.7 billion) bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox .
- ZTE tells suppliers China trade row may be factor in U.S. ban: source