Mois : janvier 2019

NEW DELHI/MUMBAI () – E-commerce rules that went into effect in India on Friday caused widespread disruption for Amazon.com, forcing it to take down an array of items from its India website including Echo speakers, batteries and floor cleaners. FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April […]

BEIRUT () – Lebanon formed a new national unity government on Thursday, ending nine months of wrangling, and Prime Minister Saad al-Hariri said bold moves were needed without delay to address chronic problems facing the heavily indebted state. Lebanon’s President Michel Aoun and Prime Minister-designate Saad al-Hariri meet ahead of a new government announcement at […]

() – Quarterly reports from Mastercard and Visa indicated a drop in 2019 overseas spending by cardholders due to a strong dollar, an outcome of the U.S.-China trade dispute, a potential Brexit and geopolitical uncertainty in Latin America. FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, […]

LONDON () – The European Union’s markets watchdog said it has approved an agreement on supervisory cooperation with Britain after Brexit to avoid disruption to cross-border financial services like asset management. British and EU flags flutter outside the Houses of Parliament in London, Britain January 30, 2019. /Toby Melville“The board agreed in substance the Memorandum […]

FRANKFURT () – Time is running out for Deutsche Bank to turn around on its own, making a merger with rival Commerzbank more likely, two people with knowledge of the matter said on Thursday. FILE PHOTO – Banners of Deutsche Bank and Commerzbank are pictured in front of a trader at the stock exchange in […]

PARIS/BERLIN () – France, Germany and Britain have opened a new channel for non-dollar trade with Iran to avert U.S. sanctions, although diplomats say it is unlikely to allow for the big transactions that Tehran says it needs to keep a nuclear deal afloat. Iran’s President Hassan Rouhani speaks during his visit to the shrine […]

() – General Electric Co beat estimates for sales and cash flow in the fourth quarter and said on Thursday it had reached a tentative deal to settle a subprime mortgage case with U.S. regulators, sending its shares sharply higher. FILE PHOTO: The General Electric logo is pictured on working helmets during a visit at […]

NEW YORK () – Global equity markets mostly rose on Thursday, propelled by Facebook’s stellar earnings and the Federal Reserve’s pledge to be patient in raising borrowing costs further, while U.S. bond yields fell on indications of weaker than expected inflation. FILE PHOTO: The seal for the Board of Governors of the Federal Reserve System […]

FRANKFURT () – Germany’s economic slump will be longer than earlier thought and there is more bad news in the pipeline, Bundesbank President Jens Weidmann said on Thursday, presenting an unusually gloomy outlook for Europe’s biggest economy. FILE PHOTO – Germany’s Bundesbank President Jens Weidmann arrives to deliver a speech in Berlin, Germany, August 23, […]

FILE PHOTO: The Federal Reserve building pictured in Washington, U.S., July 16, 2018. /Leah Millis/File PhotoWASHINGTON () – U.S. President Donald Trump is considering Herman Cain for a seat on the Federal Reserve board, a Bloomberg reporter said on Twitter. Cain made his fortune as pizza executive before making a bid to be the Republican […]

() – Intel Corp made interim Chief Executive Officer Robert Swan’s role permanent on Thursday, marking the first time the chipmaker has picked a leader who did not rise through the company ranks. FILE PHOTO: Intel logo is seen behind LED lights in this illustration taken January 5, 2018. /Dado Ruvic/Illustration/File PhotoSwan, 58, who was […]

() – Intel Corp made interim Chief Executive Officer Robert Swan’s role permanent on Thursday, marking the first time the chipmaker has picked a leader who did not rise through the company ranks. FILE PHOTO: Intel logo is seen behind LED lights in this illustration taken January 5, 2018. /Dado Ruvic/Illustration/File PhotoSwan, 58, who was […]

() – Mastercard Inc joined rival Visa Inc in reporting a bigger-than-expected quarterly profit, as a strong holiday season led to a surge in transactions on its payments network, sending its shares up 5 percent before the bell. FILE PHOTO: A Mastercard logo is seen on a credit card in this picture illustration August 30, […]

PARIS/BERLIN () – France, Germany and Britain have set up a mechanism for non-dollar trade with Iran to avert U.S. sanctions, although diplomats acknowledge it is unlikely to free up the big transactions that Tehran says it needs to keep a nuclear deal afloat. Iran’s President Hassan Rouhani speaks during his visit to the shrine […]

FILE PHOTO: The logo of General Electric Co. is pictured at the Global Operations Center in San Pedro Garza Garcia, neighbouring Monterrey, Mexico, May 12, 2017. /Daniel Becerril/File Photo() – U.S. industrial conglomerate General Electric Co reported a $666 million profit for the fourth quarter, recovering from the $23 billion charge it took three months […]

PARIS/BERLIN () – France, Germany and Britain have set up a European mechanism for non-dollar trade with Iran to avert U.S. sanctions, although diplomats acknowledged it is unlikely to yield big commercial transactions Tehran says it needs to keep a nuclear deal afloat. Iran’s President Hassan Rouhani speaks during his visit to the shrine of […]

CHICAGO () – The idea that Social Security benefits should be expanded – not cut – is going mainstream. FILE PHOTO: Rep. Richard Neal (D-MA), (L) and Rep. John Larson (D-CT) speak prior to a House Ways and Means Committee markup of the Republican Tax Reform legislation on Capitol Hill in Washington, U.S., November 9, […]