British supermarket chain Tesco Plc said on Tuesday a computer glitch had resulted in the cancellation of many home deliveries and disrupted services nationwide. “We experienced an unforeseen technical fault which resulted in the forced cancellation of many orders due to a complete system failure” Tesco said on Twitter after customers complained via social media […]
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Europe must avoid fragmentation of financial markets post-Brexit, urges UK’s Hammond
Britain’s finance minister Philip Hammond has urged for continued collaboration between the U.K. and European financial services businesses as Brexit talks enter into their second day. In his annual Mansion House address, Hammond sought to reassure City of London leaders that U.K. businesses could continue to operate with the EU while it establishes its new […]
Read moreThe good news on IPOs for the first half of 2017: There are a lot more of them than last year. The bad news: It’s still not great. Halfway through the year, 66 companies have gone public so far, according to Renaissance Capital. The good news is that 11 more companies are going to try […]
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Europe achieves nothing but a new arms race with further sanctions against Russia, says VTB Bank CEO
The European Union has achieved nothing with sanctions against Russia and any extension to such measures from the bloc’s foreign ministers could lead to a new arms race, according to the chief executive of Russia’s VTB Bank. “Did the west achieve anything with (previous) sanctions? Whether the world became a better place to live, whether […]
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Click chart for more in-depth data. 1. Barclays fraud charges: British prosecutors filed criminal charges against Barclays (BCLYF) and four of its former executives Tuesday over investments from Qatar that helped save the bank during the financial crisis. The executives charged include former CEO John Varley. The bank’s stock was 0.4% lower in London. Source: […]
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Global demand for airline service lifts airplane forecast to new high
The world wants to fly, or at least a growing number of people around the world do and that’s lifting forecasts for new planes, especially narrow-body models, to an all-time high. “The market is especially hungry for single-aisle airplanes as more people start traveling by air,” said Randy Tinseth, vice president of Marketing at Boeing […]
Read moreIndia’s home-grown instant messaging service Hike on Tuesday announced wide-ranging updates to its app, including a new mobile wallet that lets users send and receive money instantly. The Hike Wallet has several features, including a linkage to the government-backed unified payments interface that allows free and instant bank-to-bank money transfer, even if the recipient does […]
Read moreIn a show of commitment to a more open market, China’s central bank governor on Tuesday criticized protectionism in the country’s financial sector just hours ahead of MSCI’s decision on whether to include Chinese mainland shares to its benchmark emerging markets index. “From the experience of many countries, including our own, protections will lead to […]
Read moreBillionaire Li Ka-shing, nearly 89 years old, plans to retire as chairman of conglomerate CK Hutchison by next year, the Wall Street Journal reported on Tuesday, citing people briefed by the storied businessman. His son, Victor Li, the company’s deputy chairman, has been tapped as his successor at the conglomerate, the report said. CK Hutchison […]
Read moreIn the latest saga of the family feud dominating Singaporean politics, Prime Minister Lee Hsien Loong has announced he will be answering questions in parliament to clear the air amid abuse of power allegations. Nearly a week after his siblings publicly denounced him for engaging in dynasty politics, the PM has urged all members of […]
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