Business

Britain’s Cameron: Alarm Bells Should Have Rung Over Co-op’s Flowers

British Prime Minister David Cameron said on Wednesday that investigators must find out how disgraced former banker Paul Flowers was allowed to hold his position as chairman of Britain's Co-operative Bank. Cameron said the bank had been "driven into the...

Staples Sticks To Forecast After Sales Miss Estimates

Staples Inc (SPLS.O), the largest U.S. office supply retailer, reported lower-than-expected third-quarter sales, citing weak demand and a stronger dollar. The company, however, stuck to its full-year forecast, saying it was driving growth online and in new categories. Staples, whose shares...

Hundreds Of Chinese Workers Protest After Microsoft Nokia Deal

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Hundreds of workers shouted slogans on Wednesday outside a Nokia factory in southern China to protest against what they called unfair compensation after the company sold its mobile telephones business to Microsoft Corp. Lack of trust in employers has often...

Nissan Unfazed By EV Delays, Dismisses Rivals’ Fuel Cell Targets

Carlos Ghosn, the CEO of Renault SA (RENA.PA) and Nissan Motor Co (7201.T), said he was unfazed by delays in his electric vehicle sales targets, predicting rivals would face even greater obstacles in their plans to launch fuel cell...

Investor Forums Crucial For Growth Of The Economy – FBN Capital

KAYODE AKINKUGBE, MD FBN CAPITAL   SAN FRANCISCO, November 19, (THEWILL) -  The convention of strategic investor conferences would accelerate ongoing efforts geared towards enhancing national economic growth and development, Mr. Kayode Akinkugbe, Managing Director, FBN Capital has said, according to...

Investor Caution Halts Share Rally, Dollar Softens

World shares edged back from near six-year highs on Tuesday amid investor concerns that the latest rally may have been overdone, while optimistic comments about the U.S. economy helped limit the dollar's losses. Caution swept the equity markets after U.S....

China Central Bank Vows Faster FX Reform; IPO Hopes Tempered

China's officials indicated on Tuesday how they plan to steer reforms on interest rates, the currency and stock markets, following a top-level party meeting that promised sweeping changes over the next decade. Following up on that, central bank chief Zhou...

JPMorgan Withdraws From $2 Billion China Everbright Bank HK Listing

JPMorgan Chase & Co has withdrawn from a syndicate of banks working on a $2 billion Hong Kong listing by China Everbright Bank Co, a person familiar with the matter told Reuters. JPMorgan's exit comes as it faces a number...

Bombardier To Sell 5 Jets To Iraqi Airways For $387 Million

Bombardier (BBDb.TO) has signed a letter of intent to sell five CSeries jetliners to Iraqi Airways, the Canadian plane and train maker said on Tuesday. Iraq's national carrier will acquire five of the CS300 jets with options for 11 more...

OECD Sees Emerging Market Holding Back Global Recovery

France's President Francois Hollande (2ndL) and Economic Co-operation and Development (OECD) General Secretary Angel Gurria (L) Slowing emerging markets are dragging on the world's economic recovery and advanced countries are struggling to pick up the slack after years of debt...
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UEFA Refuses To End FIFA World Cup Boycott Despite Infantino’s U-Turn

UEFA has confirmed it will continue its boycott of FIFA's men's and women's World Cups despite Gianni Infantino...
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