Saturday, January 20, 2018

Emirates throws Airbus A380 a lifeline with jumbo order

Emirates Airlines said Thursday it has struck a $16 billion deal to buy 36 Airbus A380 superjumbos just days after the European manufacturer said it would have to halt production without new orders. The company...

Apple banks on tax break to build 2nd campus, hire 20,000

Apple is planning to build a new corporate campus and hire 20,000 U.S. workers in an expansion driven in part by a tax cut that will enable the iPhone maker to bring an estimated...

New eurozone chief urges speed in strengthening euro

Europe needs to use a “unique window of opportunity” in the coming months to strengthen the continent’s common currency, the new leader of the 19-nation eurozone’s finance ministers said Wednesday. Portuguese Finance Minister Mario Centeno...

Politics weighs heavily on foreign businesses in China

Politics weighs more heavily on foreign companies in China than it has in nearly three decades. The latest flashpoint was Beijing’s fury last week at hotel keeper Marriott and other companies that labeled self-ruled Taiwan...

Gold holds near four-month highs despite stronger dollar

Gold prices held near four-month highs on Wednesday even as a stronger dollar made bullion more expensive for holders of other currencies. The price of gold has risen by about 8 percent since mid-December, helped...

UK banks take steps to ease fallout from Carillion collapse

Britain’s banks are offering overdraft extensions and other emergency measures to help firms hit by the collapse of construction company Carillion, the banking sector’s trade body said on Wednesday. Britain’s biggest corporate failure in a...

M&S to shake-up clothing supply chain with new centre

Marks & Spencer said on Wednesday it would open a huge new clothing and homeware logistics centre in 2019, as part of the British retailer’s strategy of simplifying its distribution network. M&S revised its strategy...

Bitcoin slumps to $10,000 after losing half its value

Bitcoin slid to $10,000 on Wednesday for the first time since Dec. 1, leaving the cryptocurrency down by close to half from its peak hit last month. Bitcoin, the largest and most prominent cryptocurrency, fell...

Deutsche Bank to move fewer London jobs than expected on Brexit

Deutsche Bank (DBKGn.DE) expects far fewer staff than some had expected to move from London to the continent following Britain’s departure from the European Union. “Not thousands will move from London, but rather hundreds”, Stefan...

Bank of America profit slumps on $2.9 billion tax charge

Bank of America Corp’s fourth-quarter profit nearly halved as it booked a $2.9 billion charge stemming from the new federal tax law. Other large U.S banks, including JPMorgan Chase & Co and Citigroup Inc, have...
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