Heathrow Airport has launched an investigation after a memory stick containing confidential security information was found on a London street. The Sunday Mirror says a member of the public found the USB drive and turned it over to the newspaper. The device contained 76 folders, including information about the security measures used to protect Queen […]
Read moreAfter several bailout programs, the relationship between Europe and the International Monetary Fund (IMF) could be about to change dramatically. The euro zone is studying ways to improve the powers of the European Stability Mechanism (ESM) — a fund that helps euro zone countries that need to borrow money — and for it to ultimately […]
Read moreCurrency, United States Finance
European markets set to open lower amid earnings; oil near 2-year peak
European stocks are set to open lower on Monday morning as investors monitored corporate earnings, while oil prices hovered near 2-year highs amid supply fears. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 27 points lower at 7,480, while the German DAX is set to start on a negative note, […]
Read moreAkzo Nobel, the Dutch maker of paints and coatings, confirmed on Monday it was in talks to buy U.S. coatings maker Axalta Coating Systems Ltd. Akzo said in a statement the companies were in “constructive talks” but there was no guarantee they would come to a successful conclusion. It said it would dispose of its […]
Read moreFinancial professionals are taking online financial technology (fintech) courses to fend off competition and stay ahead of disruption. The boost in uptake is due in part to a feeling among those in the industry that financial technology has reached a turning point in its evolution. A report from Citigroup in 2016 caused widespread debate when […]
Read moreAfter a week of relatively stable trade during China’s 19th Communist Party Congress, Chinese stocks took a tumble in early Monday trade. The Shanghai Composite was down 0.73 percent at 12:47 p.m. HK/SIN after sliding 1.3 percent earlier in the session. The Shenzhen Composite and the ChiNext index, Shenzhen’s Nasdaq-style start-up board, were down 1.244 […]
Read moreAmazon, Alphabet, Microsoft and Intel topped earnings expectations when the companies reported their quarterly results after the market close on Thursday. Shares of the tech giants popped on Friday following the earnings beats: Intel closed up 7.38 percent, Amazon soared 13.22 percent, Alphabet jumped 4.26 percent and Microsoft rose 6.4 percent on the day. That […]
Read moreSenior defense officials from the United States, South Korea and Japan held trilateral talks and urged North Korea to walk away from its “destructive and reckless path” of weapons development, the U.S. military said in a statement. Chairman of the U.S. Joint Chiefs of Staff General Joseph Dunford hosted his South Korean and Japanese counterparts […]
Read moreKobe Steel has decided to withdraw its forecast for current financial year, the Nikkei business daily reported on Monday, as it struggles to quantify the impact of its data falsification scandal. Japan’s No.3 steelmaker has also decided not to pay a dividend for the six months through September, the Nikkei said without citing sources, adding […]
Read moreHSBC, Europe’s largest bank, is expected to announce on Monday an increase in its third-quarter pre-tax profit and revenue, helped by the continuous cost-cutting effort and a low base from a year ago, analysts said. The bank, listed in Hong Kong, London and New York, is scheduled to release its third-quarter financial statement at noon […]
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