British regulators said on Friday they had fined Barclays Chief Executive Jes Staley a total of 642,430 pounds ($870,428.41) for breaching conduct rules by attempting to identify who had sent letters criticizing a Barclays employee. The fine by the Financial Conduct Authority and the Prudential Regulation Authority included a 30 percent discount for Staley agreeing […]
Read moreToo many cryptocurrency clients and fewer cloud computing orders than expected underwhelmed Nvidia investors on Thursday, although the graphics chip maker said a supply shortage that hit its core video game audience had eased. The U.S. company best known for chips that enhance video game graphics has diversified into an array of businesses including artificial […]
Read moreIsrael bombed more than 35 sites in Syria — both Iranian and Syrian — early Thursday in response to a rocket attack it said was launched by Iran just after midnight local time. Amid a rapid escalation of regional tensions, the strikes have thrust a simmering shadow war out into the open. Israel’s military claimed […]
Read moreApple has teamed up with aluminum producers Alcoa and Rio Tinto on a joint venture aimed at smelting aluminum without emitting greenhouse gases. The tech company said Thursday that “revolutionary” new technology created by the project replaces the use of carbon, which is normally used in the smelting process, with an advanced conductive material. Through […]
Read moreWhile automakers are fixated on developing the next generation of electric cars, one British firm has other ideas. Riversimple is hoping that its hydrogen-powered two-seater car, which has a futuristic design crossed with retro traits, might be able to offer a viable alternative to electric vehicles. The Wales-based company has created a car called Rasa. […]
Read moreThe world’s largest steelmaker ArcelorMittal reported on Friday higher-than-expected first-quarter earnings, helped by a sharp pick-up in metal prices. The company said outlook for 2018 had improved as the year progressed. The company’s first-quarter core profit (EBITDA) rose 13 percent year-on-year to $2.51 billion, above the average $2.33 billion expected in a Reuters poll of […]
Read moreEuropean markets are expected to begin Friday on a relatively upbeat note, supported by a strong trading session seen in both Asia and in the U.S. Looking to major bourses, the U.K.’s FTSE 100 is seen opening up 14 points at 7,715, while the French CAC 40 is expected to slip 9 points at 5,537, […]
Read moreMalaysian Prime Minister Mahathir Mohamad said on Friday the country’s monarch had indicated he was willing to grant a full pardon to jailed politician Anwar Ibrahim. Speaking at a news conference, Mahathir also said he would announce a 10-member cabinet on Saturday, including ministers for finance, defence and home affairs. Anwar and Mahathir, former allies […]
Read moreU.S. and Chinese officials are set to meet in Washington on Friday to discuss trade disputes between the world’s two largest economies ahead of a pending visit by China’s top economic official, a U.S. Treasury official said. The official described the meeting as a follow-up to last week’s high-level trade talks in Beijing and in […]
Read moreThe United States supports Argentine President Mauricio Macri’s economic reform program, the White House said on Thursday, after Buenos Aires announced this week it was seeking financing from the International Monetary Fund. “The United States supports the economic reform program of President Mauricio Macri of Argentina, which is market-oriented, growth-focused, and has improved Argentina’s future,” […]
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