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Print - 2018-04-30
Germany sees US imposing tariffs on EU from May 1

Germany sees US imposing tariffs on EU from May 1

Germany expects Washington to impose punitive tariffs on EU aluminium and steel imports from May 1, a government source said Thursday, hours before Chancellor Angela Merkel was to head for the United States. "From today's perspective, we must assume that
Published 30 Apr, 2018 12:00am
Germany sees US imposing tariffs on EU from May 1

Germany sees US imposing tariffs on EU from May 1

Germany expects Washington to impose punitive tariffs on EU aluminium and steel imports from May 1, a government source said Thursday, hours before Chancellor Angela Merkel was to head for the United States. "From today's perspective, we must assume that
Published 30 Apr, 2018 12:00am
Jilted Akorn sues Fresenius over deal termination

Jilted Akorn sues Fresenius over deal termination

US generic drugmaker Akorn is taking former suitor Fresenius to court after the German healthcare group cancelled their $4.75 billion takeover agreement. Akorn shares lost more than a third of their value on Monday, the day after Fresenius pulled out of a
Published 30 Apr, 2018 12:00am
US considers tightening grip on China ties to Corporate America
Currency

US considers tightening grip on China ties to Corporate America

The US government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, s
Published 30 Apr, 2018 12:00am
Volatile rouble encourages McDonald's to cook up Russian fries

Volatile rouble encourages McDonald's to cook up Russian fries

French fries at McDonald's restaurants from Moscow to Murmansk will be Russian from now on, as the American fast-food chain turns to homegrown potatoes to deal with rouble volatility caused by fluctuating oil prices and Western sanctions.
Published 30 Apr, 2018 12:00am
Sanctions to limit room for Russia's rate cuts, economic growth
Exchange

Sanctions to limit room for Russia's rate cuts, economic growth

The latest round of US sanctions against Moscow will limit scope for rate cuts in Russia as well as room for economic recovery, a Reuters monthly poll of 23 analysts and economists suggested. The new round of sanctions imposed on Russia by the United Stat
Published 30 Apr, 2018 12:00am
US judge blocks Fujifilm, Xerox merger temporarily

US judge blocks Fujifilm, Xerox merger temporarily

Fujifilm Holdings Corp's merger with US firm Xerox Corp was temporarily blocked on Friday following a court ruling, handing its activist investors a win after they sued to stop the deal. The ruling reopened nominations to Xerox's board on Friday after inv
Published 30 Apr, 2018 12:00am
US judge blocks Fujifilm, Xerox merger temporarily

US judge blocks Fujifilm, Xerox merger temporarily

Fujifilm Holdings Corp's merger with US firm Xerox Corp was temporarily blocked on Friday following a court ruling, handing its activist investors a win after they sued to stop the deal. The ruling reopened nominations to Xerox's board on Friday after inv
Published 30 Apr, 2018 12:00am
Minor changes
Exchange

Minor changes

As a result of corrective measures by the concerned authority, the rupee managed to halt sharp decline against the dollar during the week, ended on 28 April, 2018. In the open market, the rupee fell by 20 paisa in relation to the dollar for buying at Rs 1
Published 30 Apr, 2018 12:00am
Embraer posts $12.3m first quarter loss

Embraer posts $12.3m first quarter loss

Brazil's Embraer, the third biggest aircraft manufacturer in the world, posted a first quarter loss of $12.3 million Friday, also saying that a much-anticipated tie-up with Boeing is still up in the air. The losses compared to profits of $53 million in th
Published 30 Apr, 2018 12:00am
China eases restrictions on foreign ownership of securities ventures

China eases restrictions on foreign ownership of securities ventures

China's securities regulator has released new guidelines for foreign investment in Chinese security joint ventures in which it eased some restrictions and launched an application process for more foreign ownership. The consultation period for the new rule
Published 30 Apr, 2018 12:00am
Brussels begins big battle on post-Brexit budget

Brussels begins big battle on post-Brexit budget

The EU will this week unveil its first formal plans for a larger, one-trillion-euro-plus long-term budget after Britain's departure, which threaten to further deepen divisions in the bloc. From slashed farm funds that will anger French farmers, to develop
Published 30 Apr, 2018 12:00am
Qatar to scrap controversial exit system for workers

Qatar to scrap controversial exit system for workers

Qatar could agree a deal within a fortnight to abolish its controversial exit visa system which requires workers to obtain their employers' permission to leave the country, labour experts said Sunday. The possibility of a landmark deal came as the Interna
Published 30 Apr, 2018 12:00am
T-Mobile agrees to acquire Sprint for $26 billion
Exchange

T-Mobile agrees to acquire Sprint for $26 billion

T-Mobile US Inc agreed on Sunday to acquire peer Sprint Corp, in an all-stock deal for $26 billion that will combine the third and fourth largest US wireless carriers and is expected to attract regulatory scrutiny over its impact on consumers. The agreeme
Published 30 Apr, 2018 12:00am
Audit finds Aramco oil reserves slightly higher than reported

Audit finds Aramco oil reserves slightly higher than reported

An audit of Saudi Aramco's oil reserves - an essential part of the preparatory work for its planned initial public offering - has found the state oil giant to have higher reserves than it previously reported, sources familiar with the matter told Reuters.
Published 30 Apr, 2018 12:00am
Fed to hold fire amid rising market sensitivity

Fed to hold fire amid rising market sensitivity

Markets do not expect the US Federal Reserve to raise interest rates this week, as policymakers take time to assess how much pressure is building in the world's largest economy. The central bank's Federal Open Market Committee, which is due to begin a two
Published 30 Apr, 2018 12:00am
Aramco appoints first woman to board of directors

Aramco appoints first woman to board of directors

Saudi national oil giant Aramco said Sunday that five new members had been appointed to its board of directors, including the first woman in the firm's history. Lynn Laverty Elsenhans, 60, is the former head of US oil company Sunoco Inc. and has been dire
Published 30 Apr, 2018 12:00am
Austria's OMV signs oil concession deal with Abu Dhabi

Austria's OMV signs oil concession deal with Abu Dhabi

Abu Dhabi National Oil Company (ADNOC) on Sunday signed a $1.5 billion offshore concession deal with Austria's OMV, the UAE firm said in a statement. The 40-year deal to develop SARB and Umm Lulu offshore oilfield is the latest in a series of contracts wi
Published 30 Apr, 2018 12:00am
German airports set for record passenger numbers

German airports set for record passenger numbers

German airports expect a record number of passengers this year, the head of airports association ADV said in remarks published on Sunday, as airlines offer holidaymakers more destinations. Passenger numbers will grow by 4.2 percent to 245 million, ADV chi
Published 30 Apr, 2018 12:00am
Power cut temporarily shuts Amsterdam's airport

Power cut temporarily shuts Amsterdam's airport

A power cut overnight forced the temporary closure of Amsterdam's Schipol airport, one of Europe's busiest, officials said as they tried to get operations moving again Sunday. They said the power outage disrupted the check-in system so the authorities dec
Published 30 Apr, 2018 12:00am
Telecom Italia CEO to step down if hedge fund breaks up board

Telecom Italia CEO to step down if hedge fund breaks up board

The head of Telecom Italia has said he will resign if a US hedge fund wins a power struggle this week with French telecom giant Vivendi, its largest shareholder, according to reports in Britain. Amos Genish, chief executive of Telecom Italia (TIM), told t
Published 30 Apr, 2018 12:00am
Saudi Aramco arm to start Asian crude trading in Q3 of current year

Saudi Aramco arm to start Asian crude trading in Q3 of current year

Saudi Aramco's trading arm plans to start handling crude in Asia through its office in Singapore in the third quarter of this year and aims to boost its volumes for trading crude and refined products to 6 million barrels per day (bpd) by 2020.
Published 30 Apr, 2018 12:00am
UBS's wealth management business misses forecasts

UBS's wealth management business misses forecasts

Swiss bank UBS disappointed investors on Monday with first-quarter results that revealed strong earnings at its investment bank, while its flagship wealth management business missed forecasts.
Published 30 Apr, 2018 12:00am
UBS's wealth management business misses forecasts

UBS's wealth management business misses forecasts

Swiss bank UBS disappointed investors on Monday with first-quarter results that revealed strong earnings at its investment bank, while its flagship wealth management business missed forecasts.
Published 30 Apr, 2018 12:00am
Verizon Q1 results beat estimates

Verizon Q1 results beat estimates

Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No. 1 US wireless carrier lost fewer monthly phone subscribers than feared, and the company's chief financial officer said it was continuing to explore a new
Published 30 Apr, 2018 12:00am
Verizon Q1 results beat estimates

Verizon Q1 results beat estimates

Verizon Communications Inc reported better-than-expected first-quarter results on Tuesday as the No. 1 US wireless carrier lost fewer monthly phone subscribers than feared, and the company's chief financial officer said it was continuing to explore a new
Published 30 Apr, 2018 12:00am
Flydubai sees longer routes with Emirates partnership

Flydubai sees longer routes with Emirates partnership

Flydubai expects to offer more destinations of more than six hours flying time from its Dubai hub, aided by new planes and a partnership with Emirates, which has the same owner. The Middle East airline has traditionally flown shorter routes but last week
Published 30 Apr, 2018 12:00am
SK Hynix posts big jump in Q1 net profit

SK Hynix posts big jump in Q1 net profit

South Korea's SK Hynix, the world's second-largest memory chip maker, on Tuesday announced a big jump in first-quarter net profit thanks to strong global demand. Net profit surged 64 percent year-on-year to 3.1 trillion won ($2.9 billion) in the three mon
Published 30 Apr, 2018 12:00am
SK Hynix posts big jump in Q1 net profit

SK Hynix posts big jump in Q1 net profit

South Korea's SK Hynix, the world's second-largest memory chip maker, on Tuesday announced a big jump in first-quarter net profit thanks to strong global demand. Net profit surged 64 percent year-on-year to 3.1 trillion won ($2.9 billion) in the three mon
Published 30 Apr, 2018 12:00am
Munich Re to welcome an anchor investor, says CEO

Munich Re to welcome an anchor investor, says CEO

Munich Re would welcome a long-term investor taking a significant stake in the company as the world's largest reinsurer eyes a return to profit growth this year, its CEO told Reuters.
Published 30 Apr, 2018 12:00am
Qatar Airways confirms 'substantial' annual loss

Qatar Airways confirms 'substantial' annual loss

Qatar Airways made a "substantial" loss in its last financial year because of a regional dispute that has banned the airline from four Arab countries, its chief executive said on Wednesday without revealing the extent of the losses.
Published 30 Apr, 2018 12:00am
Robot helps seriously ill Everton fan make history

Robot helps seriously ill Everton fan make history

A seriously ill teenage Everton fan made history on April 23 by becoming the world's first 'virtual matchday mascot' ahead of his beloved team's home Premier League match with Newcastle United. Jack McLinden, a 14-year-old who suffers from multiple health
Published 30 Apr, 2018 12:00am
Facebook unveils appeal process for when it removes posts

Facebook unveils appeal process for when it removes posts

Facebook said Tuesday it will give users the right to appeal decisions if the social network decides to remove photos, videos or written posts deemed to violate community standards. Plans to roll out an appeals process globally in coming months came as Fa
Published 30 Apr, 2018 12:00am
Interview with a robot: AI revolution hits human resources

Interview with a robot: AI revolution hits human resources

You have a telephone interview for your dream job, and you're feeling nervous. You make yourself a cup of tea as you wait for the phone to ring, and you count to three before picking up. Now imagine that your interviewer is a robot named Vera.
Published 30 Apr, 2018 12:00am
Your package is in the trunk: Amazon wants keys to your car

Your package is in the trunk: Amazon wants keys to your car

Amazon, which is already opening front doors for parcel delivery, now wants to offer the same service for vehicles. The online giant said its Amazon Key, which enables in-home delivery and keyless guest access, now offers customers an option for deliverie
Published 30 Apr, 2018 12:00am
Technology a double-edged sword for human traffickers - Europol head

Technology a double-edged sword for human traffickers - Europol head

Modern technologies, from messaging services such as WhatsApp to cryptocurrencies, are fuelling the rise of modern slavery across Europe yet new digital tools are also helping police to fight back against traffickers, the head of Europol said on Thursday.
Published 30 Apr, 2018 12:00am
Wall Street week ahead

Wall Street week ahead

Fresh worries about rising costs and inflation face US stock investors looking toward the coming week and the next leg of the first-quarter earnings period. In the latest week, the busiest for first-quarter reports, several companies warned about or cited
Published 30 Apr, 2018 12:00am
China's money rates ease

China's money rates ease

China's primary money rates eased this week after a reduction in banks' reserve requirements went into effect and offset a central bank-led cash drain. The volume-weighted average rate of the benchmark seven-day repo traded in the interbank market, consid
Published 30 Apr, 2018 12:00am
Japan fund managers trim stock holdings, raise bond exposure

Japan fund managers trim stock holdings, raise bond exposure

Japanese fund managers trimmed their overall exposure to stocks in April and increased their bond holdings, a Reuters poll showed. Respondents on average allocated 38.6 percent of their model portfolios to stocks in April, compared with 39.2 percent in Ma
Published 30 Apr, 2018 12:00am
Japan fund managers trim stock holdings, raise bond exposure

Japan fund managers trim stock holdings, raise bond exposure

Japanese fund managers trimmed their overall exposure to stocks in April and increased their bond holdings, a Reuters poll showed. Respondents on average allocated 38.6 percent of their model portfolios to stocks in April, compared with 39.2 percent in Ma
Published 30 Apr, 2018 12:00am
Avast targets $4.5 billion valuation in IPO
Exchange

Avast targets $4.5 billion valuation in IPO

Private equity-backed cyber security firm Avast is targeting a market capitalisation of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July.
Published 30 Apr, 2018 12:00am
Avast targets $4.5 billion valuation in IPO
Exchange

Avast targets $4.5 billion valuation in IPO

Private equity-backed cyber security firm Avast is targeting a market capitalisation of between 2.5 billion and 3.2 billion pounds ($3.5-4.5 billion) in its initial public offering (IPO), potentially the biggest London listing since July.
Published 30 Apr, 2018 12:00am
Transplants no longer limited to vital organs

Transplants no longer limited to vital organs

A Frenchman recently became the first person to receive a second face transplant after the first failed, and another made history by regrowing skin lost over 95 percent of his body, thanks to a graft from his twin brother. Transplants are no longer limite
Published 30 Apr, 2018 12:00am
30 new genes linked to depression uncovered: study

30 new genes linked to depression uncovered: study

A study of nearly half-a-million people has uncovered 30 new genes linked to depression, tripling the number known to play a role in the debilitating disease. The same enlarged basket of depression genes also underpins other psychiatric disorders, such as
Published 30 Apr, 2018 12:00am
California risks severe 'whiplash' from drought to flood: scientists

California risks severe 'whiplash' from drought to flood: scientists

California will suffer more volatile weather this century with a "whiplash" from drought to rain and mounting risks a repeat of the devastating "Great Flood" of 1862, scientists said on Monday. Climate change, driven by man-made greenhouse gas emissions,
Published 30 Apr, 2018 12:00am
EU wants coordinated vaccine push against measles, other diseases

EU wants coordinated vaccine push against measles, other diseases

The European Commission urged EU member states on Thursday to cooperate more closely in fighting diseases such as measles and flu, saying vaccines against them were among the most powerful and cost-effective public health measures. Setting out the Commiss
Published 30 Apr, 2018 12:00am
EU warns about green tea supplements

EU warns about green tea supplements

Taking high doses of supplements containing green tea extracts may be associated with liver damage, according to new research from the European Food Safety Authority (EFSA). Tea infusions, as used for brewed tea, are still considered safe. Instant tea dri
Published 30 Apr, 2018 12:00am
Exercise, not vitamins, urged to prevent falls in seniors

Exercise, not vitamins, urged to prevent falls in seniors

Falling is the leading cause of injury-related death among people over age 65, and seniors who want to avoid falls should exercise, not rely on supplements like vitamin D, US guidelines said on Tuesday. The new recommendations from the US Preventive Servi
Published 30 Apr, 2018 12:00am
Enzyme that affects ageing, cancer decoded: study

Enzyme that affects ageing, cancer decoded: study

Elated scientists announced on Wednesday the completion of a 20-year quest to map the complex enzyme thought to forestall ageing by repairing the tips of chromosomes in plants and animals, including humans. Decoding the architecture of the enzyme, called
Published 30 Apr, 2018 12:00am
Progress toward 'infinitely recyclable' plastic

Progress toward 'infinitely recyclable' plastic

US scientists said on Thursday they have made progress toward a kind of plastic that can be recycled "infinitely," and that it appears durable enough to compete with regular plastics. Unlike plastics made from petroleum products, the new kind can be conve
Published 30 Apr, 2018 12:00am
Nadal cruises to 11th Barcelona title

Nadal cruises to 11th Barcelona title

Rafael Nadal won his 11th Barcelona title on Sunday when he breezed past Greek teenager Stefanos Tsitsipas 6-2, 6-1 in the final. It was world number one Nadal's 55th career clay-court title while he also extended his winning streak on the surface to 46 c
Published 30 Apr, 2018 12:00am
Hamilton wins chaotic Baku battle to lead title race

Hamilton wins chaotic Baku battle to lead title race

Defending world champion Lewis Hamilton claimed his first win of 2018 on Sunday and took over as leader of the title race when he triumphed in a dramatic, crash and incident-strewn Azerbaijan Grand Prix. The 33-year-old Briton managed to steer his Mercede
Published 30 Apr, 2018 12:00am
PSG say Neymar will return to Paris before World Cup

PSG say Neymar will return to Paris before World Cup

Paris Saint-Germain responded to reports from Brazil on Neymar's fitness by suggesting on Sunday that his recovery from injury would continue in France. Neymar has been in Brazil since undergoing surgery on a broken foot and is aiming to be fit for the Wo
Published 30 Apr, 2018 12:00am
Pliskova wins Stuttgart title

Pliskova wins Stuttgart title

Karolina Pliskova recovered from a slow start to beat CoCo Vandeweghe 7-6 (7/2), 6-4 and claim the Stuttgart Grand Prix title on Sunday. The Czech fifth seed earned the second clay trophy of her career after Prague three years ago. She was the first from
Published 30 Apr, 2018 12:00am
Celtic secure another Scottish title

Celtic secure another Scottish title

Celtic hammered arch Glasgow rivals Rangers 5-0 to secure a seventh successive Scottish title with an emphatic Old Firm victory on Sunday. This win, achieved in front of their own fans at Celtic Park, gave Brendan Rodgers' side an unassailable 10-point le
Published 30 Apr, 2018 12:00am
Ancelotti turns down Italy coaching job

Ancelotti turns down Italy coaching job

Carlo Ancelotti has turned down the offer to take over as Italy coach, according to press reports on Sunday. Italy have been without a permanent coach since Gian Piero Ventura was sacked after the four-time champions failed to qualify for the World Cup fo
Published 30 Apr, 2018 12:00am
No play on second day of Kent against Pakistan

No play on second day of Kent against Pakistan

Persistent drizzle and bad light meant play on the second day of Pakistan's tour opener against Kent at Canterbury was abandoned without a ball bowled on Sunday. When the players should have been taking the field at 11:00am local time (1000 GMT) for the s
Published 30 Apr, 2018 12:00am
Japan ace stuns Chen for Asian badminton title

Japan ace stuns Chen for Asian badminton title

Japan's Kento Momota shocked Olympic gold-medallist Chen Long to be crowned badminton's Asian champion in a stunning upset on Sunday. The world number 17 had never previously won a game against Chen, but he floored the strong Chinese favourite 21-17, 21-1
Published 30 Apr, 2018 12:00am
Slick City equal Premier League win record

Slick City equal Premier League win record

Manchester City equalled the Premier League record for most wins in a season as the imperious champions powered to a 4-1 victory at West Ham on Sunday. Pep Guardiola's side now have 30 wins this term, matching the record set by Chelsea last season, and wi
Published 30 Apr, 2018 12:00am
AC Milan back winning in Bologna to keep Europa League push alive

AC Milan back winning in Bologna to keep Europa League push alive

AC Milan returned to winning ways with a 2-1 success at Bologna keeping Gennaro Gattuso's side in the chase for European football next season. Milan had dropped out of the Europa League places into seventh after a six-game winless streak including last we
Published 30 Apr, 2018 12:00am
KP XI beat Chinese Embassy XI team in football friendly match

KP XI beat Chinese Embassy XI team in football friendly match

Center striker and skipper of Director General Sports KP XI Ijaz Ahmad's two quick goals rallies guided his team to a 5-3 thrilling victory against strong Chinese Embassy XI team in a football friendly match played at Army Burn-Hall School and College Abb
Published 30 Apr, 2018 12:00am
Embraer posts $12.3m first quarter loss

Embraer posts $12.3m first quarter loss

Brazil's Embraer, the third biggest aircraft manufacturer in the world, posted a first quarter loss of $12.3 million Friday, also saying that a much-anticipated tie-up with Boeing is still up in the air. The losses compared to profits of $53 million in th
Published 30 Apr, 2018 12:00am
New electronic system to speed up Iraqi election results

New electronic system to speed up Iraqi election results

A new electronic system will deliver the results of Iraq's upcoming national election within hours of polls closing, the country's chief electoral officer said, a marked improvement from previous years when it took weeks to announce the outcome.
Published 30 Apr, 2018 12:00am
China issuers warm to Bond Connect

China issuers warm to Bond Connect

Chinese issuers are increasingly targeting global investors for domestic bond offerings, as they look to take advantage of growing demand for onshore renminbi securities to broaden their investor relationships. State-owned Central Huijin Investment last w
Published 30 Apr, 2018 12:00am
Swiss National Bank flummoxed by its soaring share price

Swiss National Bank flummoxed by its soaring share price

An extraordinary rise in the Swiss National Bank's stock this year has prompted its president to remind buyers that the central bank's are no ordinary shares. The price of the SNB's 100,000 shares rose from below 2,000 Swiss francs each a year ago to a pe
Published 30 Apr, 2018 12:00am
Papua New Guinea PM says country to launch first Eurobond

Papua New Guinea PM says country to launch first Eurobond

Papua New Guinea will launch its first Eurobond this year, as higher energy prices and a recovery in liquefied natural gas production to pre-earthquake levels ease strains on its public finances, Prime Minister Peter O'Neill said on Tuesday.
Published 30 Apr, 2018 12:00am
Papua New Guinea PM says country to launch first Eurobond

Papua New Guinea PM says country to launch first Eurobond

Papua New Guinea will launch its first Eurobond this year, as higher energy prices and a recovery in liquefied natural gas production to pre-earthquake levels ease strains on its public finances, Prime Minister Peter O'Neill said on Tuesday.
Published 30 Apr, 2018 12:00am
Russia remains China's top oil supplier for a 13th month in March

Russia remains China's top oil supplier for a 13th month in March

Russia was China's largest crude oil supplier in March, data showed on Tuesday, retaining the lead spot for a 13th consecutive month. Last month, Russia supplied 5.79 million tonnes, equal to 1.36 million barrels per day (bpd), up 23.6 percent from the sa
Published 30 Apr, 2018 12:00am
Bank of England expects big Libor switch to start in earnest
Libor

Bank of England expects big Libor switch to start in earnest

Financial markets should start accelerating efforts to ditch Libor in favour of the Bank of England's revamped interest rate benchmark being launched next week, a senior BoE official said. Banks have been fined around $9 billion for trying to rig Libor, o
Published 30 Apr, 2018 12:00am
Australian economy set for steady growth, barring trade shock

Australian economy set for steady growth, barring trade shock

Australia may extend its remarkable recession-free run out to 2020 as government and firms invest to cater for a rapidly-growing population, though trade tensions abroad have emerged as a new threat to the export-sensitive nation.
Published 30 Apr, 2018 12:00am
Amazon era means tough profit road for P&G

Amazon era means tough profit road for P&G

Procter & Gamble vowed to accelerate efforts to compete on price and product innovation Thursday as it reported another round of lackluster results that underscored the challenges of the Amazon era. The consumer products giant, whose offerings include Cre
Published 30 Apr, 2018 12:00am
Amazon era means tough profit road for P&G

Amazon era means tough profit road for P&G

Procter & Gamble vowed to accelerate efforts to compete on price and product innovation Thursday as it reported another round of lackluster results that underscored the challenges of the Amazon era. The consumer products giant, whose offerings include Cre
Published 30 Apr, 2018 12:00am
S&P analyst says Poland's rating upgrade will hinge on deficit

S&P analyst says Poland's rating upgrade will hinge on deficit

Poland's credit rating might be raised if its fiscal deficit stays around 2 percent of gross domestic product for the next two years, an analyst for S&P Global Ratings said on Wednesday. The ratings agency changed its the outlook on Poland's rating to pos
Published 30 Apr, 2018 12:00am
S&P analyst says Poland's rating upgrade will hinge on deficit

S&P analyst says Poland's rating upgrade will hinge on deficit

Poland's credit rating might be raised if its fiscal deficit stays around 2 percent of gross domestic product for the next two years, an analyst for S&P Global Ratings said on Wednesday. The ratings agency changed its the outlook on Poland's rating to pos
Published 30 Apr, 2018 12:00am
India shows jobs growth as more than 3m join social security fund

India shows jobs growth as more than 3m join social security fund

More than three million workers joined India's state-run social security fund in six months through February, giving Prime Minister Narendra Modi some ammunition to defend his record on creating jobs ahead of a general election due next year.
Published 30 Apr, 2018 12:00am
Unilever spreads the love from margarine sale
Exchange

Unilever spreads the love from margarine sale

Anglo-Dutch consumer giant Unilever Thursday announced a six billion euros ($7.4 billion) buy-back scheme ahead of the spin-off of its spreads division, as it braces for major company changes. Sales however in the first quarter were down 5.2 percent to 12
Published 30 Apr, 2018 12:00am
Sulphur scrubbers 'no silver bullet' for shipping industry

Sulphur scrubbers 'no silver bullet' for shipping industry

Shipping industry hopes that so-called sulphur scrubbers are a quick-fix solution to compliance with drastic emissions reduction demanded by 2020 are somewhat misguided, one of the world's biggest manufacturers of the equipment told Reuters. The Internati
Published 30 Apr, 2018 12:00am
UK finance firms urged to work together to fight cyber crime

UK finance firms urged to work together to fight cyber crime

Britain's financial firms need to pull together to fight cyber crime, working with government and law enforcement to attack criminals' infrastructure and put them out of business, a report by KPMG and industry body UK Finance said on Monday.
Published 30 Apr, 2018 12:00am
BoE's Woods downplays Brexit job losses at banks

BoE's Woods downplays Brexit job losses at banks

Job moves from Britain's financial sector to the European Union by Brexit Day on March 29, 2019, may not be as high as initially estimated, the Bank of England said on Thursday. Sam Woods, BoE deputy governor for banking supervision, had told British lawm
Published 30 Apr, 2018 12:00am
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