Global Shares Rise as Pound Slumps on EU-Exit Date
London shares led global markets higher Tuesday as the British pound slumped to a more than three-decade low. Futures pointed to a flat opening for the S&P 500. London’s FTSE 100 index was up more than 1.8%, at its highest level since the spring...>> view originalSweden's Ericsson cuts 3000 jobs, reduces operations
The Associated Press 8:44 a.m. EDT October 4, 2016Flags with the logo of telecoms equipment maker Ericsson flutter outside the company's headquarters in Stockholm.(Photo: Maja Suslin, AFP/Getty Images)STOCKHOLM - Ericsson said Tuesday it will cut 3,000 jobs in Sweden, or nearly 20% of its local workforce, and will downsize operations at several plants as part of its global plan to cut costs by $1 billion in 2017.The Swedish networks company employs 115,000 people globally, of which ..>> view originalIMF Sees Political Discord as Major Risk to Weak Global Recovery
Rising political tensions over globalization are threatening to derail a world recovery already seeking a reliable growth engine, the International Monetary Fund warned.The global economy will expand 3.1 percent this year before accelerating to 3.4 percent next year, the IMF said in the latest update to its World Economic Outlook on Tuesday. Both forecasts were unchanged from estimates made in July. Advanced economies will remain “along a disappointingly low growth path,” while larger emerging ..>> view originalFormer Wells Fargo Employees Describe Toxic Sales Culture, Even At HQ
Enlarge this image The entrance to the Wells Fargo Headquarters on California Street in San Francisco. Ariel Zambelich/NPR hide caption toggle caption Ariel Zambelich/NPR The entrance to the Wells Fargo Headquarters on California Street in San Francisco. Ariel Zambelich/NPR ..>> view originalIndian central bank's new regime cuts rates
* India cenbank cuts repo rate by 25 bps to 6.25 pct* Rate now lowest since November, 2010* New monetary policy committee unanimous in voting to cut* Analysts see scope for another rate cut by March (Updates with quotes, details, background)By Suvashree Choudhury and Rafael NamMUMBAI, Oct 4 India's newly minted monetary policy committee delivered a surprise 25-basis-point cut in the repo rate on Tuesday to 6.25 percent, as Reserve Bank of India Governor Urjit Patel presided over his first po..>> view originalYahoo Newsroom: Yet another spin on the news feed
Yahoo really wants to get social.The internet pioneer's app got a makeover on Tuesday morning, shifting from Yahoo to Yahoo Newsroom, a platform where users can form communities and get into discussions based on topics.Yahoo rebranded its app as Yahoo Newsroom, where users can follow topics it calls "Vibes." Courtesy of Yahoo The topics are categorized as Vibes, and they can be as general as World News or as speci..>> view originalGOP distances itself from Trump -- again
As the Republican nominee tries to recover from one of his toughest stretches, few prominent GOP leaders -- other than those who advise him or are on his payroll -- seem willing to launch a full-throated rescue effort.So Trump sought to do the heavy lifting himself Monday, delivering a feisty speech here that attempted to reframe the campaign and extract him from the quagmire of the past week, which included a disappointing debate performance, a roiling controversy over whether he paid taxes, an..>> view originalUber faces pressure in Dubai as regulator signs deal with rival
By Tom Arnold and Stanley Carvalho | DUBAI/ABU DHABI DUBAI/ABU DHABI Ride-hailing service Uber [UBER.UL] is under pressure in Dubai, one of the Middle East's major markets, after the emirate's transport regulator signed an agreement with local rival Careem and warned other such firms that they must do the same.Under the deal between Careem and Dubai's Roads and Transport Authority (RTA), announced on Tuesday, Careem's customers will be able to book all of the 9,841 taxis and 4,700 limousines..>> view originalBill Gross Says Bitcoin, Blockchain May Counter Central Banks
New financial technologies such as bitcoin may become increasingly attractive to investors as a protection against central bank low- and negative-interest-rate policies that threaten capitalism, according to billionaire bond manager Bill Gross.Policies by the Federal Reserve, Bank of Japan and European Central Bank are destroying historical business models that foster savings, investment and economic growth, Gross, who runs the $1.5 billion Janus Global Unconstrained Bond Fund, said in an Octo..>> view originalAmerica's Richest Women 2016
Sunday, October 9, 2016
Global Shares Rise as Pound Slumps on EU-Exit Date and other top stories.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment