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Reuters•6 minutes agoWith Brexit vote in doubt, UK firms get ready for no deal
British companies began triggering contingency plans to keep their businesses operating if Britain leaves the European Union without a deal, underlining growing concern that political wrangling in London could thwart an agreement with Brussels. With less than five months before Britain exits the EU,
- Associated Press•25 minutes ago
Stage Stores: Fiscal 3Q Earnings Snapshot
On a per-share basis, the Houston-based company said it had a loss of $1.11. Losses, adjusted for pretax expenses, were 65 cents per share. The department store operator posted revenue of $347.1 million ...
Associated Press•25 minutes agoMay gets rebellion reprieve, but faces warning from allies
British Prime Minister Theresa May got a reprieve in one of her Brexit battles Tuesday as party rebels said they did not yet have the strength for a leadership challenge. Northern Ireland's Democratic Unionist Party struck a deal last year to back May's Conservatives on major legislation. In
Reuters•26 minutes agoGold worth $37 billion traded in London each day, new data shows
Members of the London Bullion Market Association (LBMA) traded at least 30.2 million ounces of gold worth $36.9 billion (28.7 billion pounds) each day last week, the LBMA said on Tuesday, presenting new data that gives the most accurate picture yet of the London market. London is a global gold trading
Reuters•27 minutes agoGoogle invests $700 million in Danish data centre, secures green energy
Google also said it would sign a power purchase agreement (PPA) for the new Danish data centre to ensure it is powered by renewable energy. The Nordic countries, which can generate electricity relatively cheaply from renewable sources such as hydropower and wind, have long been a magnet for heavy power-using
Reuters•29 minutes agoExplainer: What misconduct is Nissan's Ghosn accused of, and how did it come to light?
Japan was shocked by news that Nissan Motor Co Chairman Carlos Ghosn, who was widely respected for rescuing the car maker from near bankruptcy, was arrested on Monday for alleged financial misconduct. Nissan said that Ghosn, who is also chairman and CEO of Renault and chairman of Mitsubishi Motors,
- Reuters•30 minutes ago
Lowe's to get rid of Mexico stores in further restructuring
The No.2 U.S. home improvement chain also posted a smaller-than-expected rise in quarterly comparable sales. Under Marvin Ellison, Lowe's newly appointed chief executive officer, the company has been streamlining its business to compete with larger rival Home Depot and online websites by shutting
- Reuters•31 minutes ago
European Commision head Juncker to meet Italian PM Conte on November 24
The head of the European Commission Jean-Claude Juncker will meet Italian Prime Minister Giuseppe Conte for a working dinner on Saturday Nov. 24, the Commission said on Tuesday. Italy is at loggerheads with the Commission over its expansionary 2019 budget, which Brussels rejected in October, saying
- Motley Fool•32 minutes ago
The IRS Is Seeing Green on Marijuana's Dime
Despite weed being illegal, the U.S. federal government has no problem collecting income tax from cannabis companies.
- iCompareLoan.com•32 minutes ago
SMEs’ creditworthiness better assessed with Credit Bureau’s blended score
In 2010, the Credit Bureau (Singapore) introduced blended score to help banks better assess SMEs’ creditworthiness. The score blends business owner’s credit data, company’s tradelines and public registry data to increase credit risk transparency of small and medium-sized enterprises (SMEs) with a view
Reuters•32 minutes agoGoogle invests $700 million in Danish data centre, secures green energy
Google also said it would sign a power purchase agreement (PPA) for the new Danish data centre to ensure it is powered by renewable energy. The Nordic countries, which can generate electricity relatively cheaply from renewable sources such as hydropower and wind, have long been a magnet for heavy power-using
- Reuters•33 minutes ago
Japan's Mitsubishi CEO says tough to manage automotive alliance without Ghosn
The alliance of carmakers Renault, Nissan and Mitsubishi will be difficult to manage without chairman Carlos Ghosn, who is facing financial misconduct allegations in Japan, Mitsubishi Motors Chief Executive Osamu Masuko said on Tuesday. Arrested on Monday, Ghosn, the chairman of Nissan Motor Co will
Reuters•33 minutes agoBitcoin extends slide below $4,500, new 2018 low
Bitcoin tumbled as much as 10 percent on Tuesday to below $4,500, bringing the world's best-known cryptocurrency's losses to 30 percent within a week as a selloff in digital currencies intensified across the board. Other cryptocurrencies also skidded sharply, with Ethereum's ether losing
- Investing.com•34 minutes ago
EOS Falls 10% In Bearish Trade
Investing.com - EOS was trading at $3.6904 by 04:34 (09:34 GMT) on the Investing.com Index on Tuesday, down 10.23% on the day. It was the largest one-day percentage loss since November 20.
- Motley Fool•34 minutes ago
3 Medicare Dates You Need to Know
To avoid potential Medicare penalties and excess costs, you need to keep an eye on three important dates.
Associated Press•36 minutes agoArrest of Nissan's Ghosn in financial probe stuns Japan
Japanese prosecutors were considering Tuesday whether to file formal charges against Nissan Motor Co.'s chairman Carlos Ghosn amid a probe into allegations he misused company assets and under-reported millions of dollars of income. The arrest of Ghosn after a whistleblower disclosed the alleged
- Associated Press•36 minutes ago
Court fines independent Russian magazine $335,000
A Moscow court has ruled to fine an independent magazine $335,000, a move seen by Kremlin critics as retribution for reporting that is critical of the government. The Tverskoy Court on Tuesday upheld last month's hearing, meaning that the New Times magazine will have to pay the crippling fine for
Reuters•39 minutes agoNoble Group faces regulatory probe, days before closing $3.5 billion restructuring deal
Singapore authorities are investigating Noble Group Ltd for suspected false and misleading statements, just days before the Singapore-listed company was to complete its $3.5 billion (2.72 billion pounds) debt restructuring deal to prevent its collapse. To rescue itself, Noble has shrunk its business
Reuters•39 minutes agoRBI move boosts banks' lending ability by up to $42 billion: sources
MUMBAI/NEW DELHI (Reuters) - The Reserve Bank of India (RBI) estimates that Indian banks will have capacity to lend an extra 2.5 trillion rupees to 3.0 trillion rupees ($35 billion to $42 billion) over the next year after it decided to relax a deadline for lenders to boost capital ratios, two sources
Reuters•42 minutes agoU.S. sanction waivers provided relief, but global economy still fragile - IEA's Birol
Waivers on Iranian sanctions granted by the United States provided some relief to oil markets but the global economy is still very fragile, the head of the International Energy Agency told Reuters on Tuesday. "The U.S. decision on the Iranian sanction waivers took some of the players in the market
- Associated Press•44 minutes ago
Lowe's: Fiscal 3Q Earnings Snapshot
Lowe's Cos. (LOW) on Tuesday reported fiscal third-quarter profit of $629 million. On a per-share basis, the Mooresville, North Carolina-based company said it had profit of 78 cents. Earnings, adjusted ...
Associated Press•45 minutes agoGhosn's arrest casts doubt on Renault-Nissan alliance future
For years, France's Renault and Japan's Nissan struggled to make money in the global auto business. Then came Carlos Ghosn, a Renault executive who helped to orchestrate an unprecedented transcontinental alliance, combining parts of both companies to share engineering and technology costs.
