The Greek government might be preparing to return to the bond market but there are many structural problems that have yet to be resolved to make the economy more sustainable, an analyst told CNBC on Friday. Greece is currently on a third financial program since 2010, due to expire next year. According to James Athey, […]
Read moreA consortium of Blackstone and CVC Capital Partners has made a 2.86 billion pound ($3.71 billion) bid for payments processing company Paysafe Group, joining a growing number of deals in the sector. The 590 pence per share all-cash offer represents a premium of about 9 percent to Paysafe’s closing price on Thursday. In a separate […]
Read moreFinance Minister Wolfgang Schaeuble was quoted on Friday as comparing Turkey with the former communist East German state and saying Berlin might have to tell Germans travelling there that they did so at their own peril. Foreign Minister Sigmar Gabriel told Germans on Thursday to exercise caution if travelling to Turkey and threatened steps that […]
Read moreCurrency, United States Finance
Sweden asked the public to vote on a name for a new train and this is what they came up with
A train operator in Sweden has vowed to name one of its trains Trainy McTrainface in a bid to bring “joy” to all those disappointed when the U.K. overturned a public vote to name a polar research ship with a similar quirky name. Trainy came in miles ahead when MTR Express, a subsidiary of Hang […]
Read moreBitcoin traded near its all-time high price late on Thursday after the intense debate over the cryptocurrency’s future appears to be heading to a positive end. The price of bitcoin hit a high of $2,948.51 on Thursday evening, just shy of the record high $3,025.47 reached on June 11, according to data from CoinDesk. While […]
Read moreGot rice? That’s what China, the world’s largest consumer of rice, is now asking the U.S. For the first time ever, Asia’s economic giant will allow imports of American rice, the U.S. Department of Agriculture announced Thursday. That comes as a welcome signal after annual trade talks between the two nations broke down this week […]
Read moreFrench car parts maker Valeo said first-half profit rose 20 percent as demand for LED lighting and fuel-efficient engine systems helped sales to outpace global auto markets. Net income rose to 506 million euros ($588 million) from 422 million a year earlier, the company said in a statement on Thursday. Revenue increased 16 percent to […]
Read moreCurrency, United States Finance
Philips Lighting earnings ahead on better LED, home lighting margins
Philips Lighting, the world’s largest maker of lights, on Friday reported a better-than-expected rise in second-quarter core earnings, as margin improvements at its LED and home lighting businesses offset falling sales due to the ongoing decline of its traditional lamp business. The company’s adjusted earnings before interest and amortization (EBITA) rose 8 percent to 174 […]
Read moreBlake Irving knows how hard it is to change first impressions. More than four years into his tenure as the CEO of web domain registrar and cloud platform GoDaddy, Irving still encounters men who associate the company with risqué Super Bowl ads featuring half-naked women. “I’ll be talking to folks, even in Asia, who will […]
Read moreRipple, a San Francisco-based digital currency start-up, recorded $30 million worth of transactions in the second quarter of 2017 as 25 new exchanges listed its token, XRP. XRP finished the quarter priced at $0.263, up by 1,159 percent from the previous quarter and 3,977 percent higher year-to-date. It is currently listed on 30 exchanges. The […]
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