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 Latest Business and Finance News
Asian stocks mixed while euro recovers [Geo TV]
HONG KONG: Asian markets were mixed Friday following another record on Wall Street, while the euro d ...Detail
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Asian stocks mixed while euro recovers  [Geo TV] 25 Jul, 2014
HONG KONG: Asian markets were mixed Friday following another record on Wall Street, while the euro dug in against
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RBS Group reports rise in profit  [BBC News] 25 Jul, 2014
Royal Bank of Scotland posts pre-tax profits of 2.65bn for the first half of the year and said it had to put aside less provisions for fines and compensation than expected.
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PetroChina reconsiders sale of natural gas pipeline assets: sources  [Reuters] 25 Jul, 2014
BEIJING/HONG KONG (Reuters) - PetroChina is reconsidering a plan to auction off its multi-billion dollar natural gas pipeline unit, and could instead sell it to an affiliate, three people who were briefed on the matter by the Chin ...
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Asian shares inch down from this week's three-year highs  [Reuters] 25 Jul, 2014
TOKYO (Reuters) - Asian shares pulled away from this week's three-year highs on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.
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McDonald's takes chicken nuggets off menu in Hong Kong amid food scare  [Reuters] 25 Jul, 2014
HONG KONG (Reuters) - McDonald's Corp has suspended sales of chicken nuggets and other items in Hong Kong after it said it had imported products from Shanghai Husi Food, the U.S.-owned company at the center of a food safety s ...
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Argentine debt mediator says time running short for deal  [Reuters] 25 Jul, 2014
NEW YORK (Reuters) - Less than a week before Argentina could default on its sovereign bonds, the government and holdout creditors have yet to meet face-to-face despite an urgent plea from the U.S. court-appointed mediator on Thurs ...
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BNP Paribas to pay $80 million for defrauding U.S. Agriculture Department  [Reuters] 25 Jul, 2014
WASHINGTON (Reuters) - The U.S. Justice Department announced on Thursday that a Federal court entered judgment against French bank BNP Paribas for $80 million for defrauding a program designed to encourage American exports.
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Asian shares inch down from recent highs  [Reuters] 25 Jul, 2014
TOKYO (Reuters) - An index of Asian shares pulled away from a three-year high on Friday after a mostly flat day on Wall Street, though a fresh S&P closing record and upbeat U.S. employment data underpinned sentiment.
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McDonald's suspends sale of chicken nuggets and other items in Hong Kong  [Reuters] 25 Jul, 2014
HONG KONG (Reuters) - McDonald's Corp said it has suspended sales of its chicken nuggets and other items in Hong Kong after it acknowledged it had imported products from Shanghai Husi Food, the company at the center of a food ...
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Facebook market value surpasses AT&T, top beverage brand  [ARY News] 25 Jul, 2014
NEW YORK: In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers.
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Amazon’s losses widen, shares drop  [ARY News] 25 Jul, 2014
SAN FRANCISCO: Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in revenue.
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General Motors may put Brazil workers on paid leave: union  [Reuters] 24 Jul, 2014
SAO PAULO (Reuters) - General Motors Co wants to put nearly a fifth of its workers at a factory in Brazil on paid leave, an auto workers union said on Thursday, amid falling output in Latin America's largest economy.
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Senate panel to consider 'too big to fail' report  [Reuters] 24 Jul, 2014
WASHINGTON (Reuters) - A U.S. Senate panel will meet next Thursday to discuss results of a much anticipated government study that looked at whether the biggest banks can borrow at lower interest rates because investors think they ...
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Nucor confident of favorable rulings vs steel import 'tsunami'  [Reuters] 24 Jul, 2014
(Reuters) - Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem "a tsun ...
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U.S. judge says she is troubled by Apple $450 million e-books deal  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - A U.S. judge on Thursday expressed concern over a proposed $450 million settlement of claims Apple Inc conspired with five publishers to fix e-book prices, saying its provisions could drastically reduce money ...
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Visa cuts revenue forecast as cross-border transactions slow  [Reuters] 24 Jul, 2014
(Reuters) - Visa Inc, the world's largest credit and debit card company, cut its revenue forecast for the year, as growth in cross-border transactions slowed amid a strengthening of the U.S. dollar.
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Argentina, holdouts meet in debt dispute with court appointee  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - Representatives for holdout investors and Argentina in the country's ongoing debt default met for about three hours with a court-appointed mediator in New York on Thursday, less than a week before Argenti ...
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Amazon's heavy investing eats into bottom line, shares drop  [Reuters] 24 Jul, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics.
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Wall Street ends flat on mixed earnings; S&P 500 at record  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - U.S. stocks finished a quiet session mostly flat on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
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Nucor confident of favorable rulings vs steel import "tsunami"  [Reuters] 24 Jul, 2014
(Reuters) - Emboldened by a recent favorable ruling for U.S. steelmakers in a steel pipe trade case, Nucor Corp said on Thursday it was confident the industry was poised for more success in future cases as it works to stem "a tsun ...
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Starbucks sales in Americas region up slightly more than expected  [Reuters] 24 Jul, 2014
(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its dominant Americas region grew a somewhat stronger-than-expected 6 percent, including a 7 percent rise for the United States.
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GM, Ford hopeful of European rebound despite Ukraine, Russia  [Reuters] 24 Jul, 2014
FRANKFURT/DETROIT (Reuters) - Ford Motor Co and General Motors Co said on Thursday the crisis in Ukraine has exacerbated a sales slowdown in Russia, but the carmakers said they were on track to turn around their European operation ...
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Visa cuts revenue growth target for the year; shares fall  [Reuters] 24 Jul, 2014
(Reuters) - Visa Inc, the world's largest credit and debit card company, cut its revenue growth outlook for the year, citing a strengthening U.S. dollar.
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Amazon's losses widen, shares drop  [Reuters] 24 Jul, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc posted a much larger-than-expected loss in the second quarter as its rapid pace of investment in businesses such as digital content and consumer electronics offset a 23 percent jump in reve ...
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U.S. judge won't void five ex-Madoff employees' convictions  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's bigg ...
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Lloyds expected to pay up to $509.5 million as LIBOR fine  [Reuters] 24 Jul, 2014
(Reuters) - Lloyds Banking Group is expected to announce early next week that the British bank would pay between 200 million pounds and 300 million pounds ($509.52 million)to settle benchmark interest rate (LIBOR) fixing allegatio ...
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Amazon reports $126m quarterly loss  [BBC News] 24 Jul, 2014
Amazon reports a loss of $126m in the second quarter and warns of slowing sales.
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Wall St. finishes flat on mixed earnings; S&P at record  [Reuters] 24 Jul, 2014
NEW YORK (Reuters) - U.S. stocks ended a quiet session on Thursday as earnings painted a mixed picture of the economy, though the S&P 500 set another record closing high.
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Starbucks Americas sales up slightly more than expected  [Reuters] 24 Jul, 2014
(Reuters) - Starbucks Corp on Thursday said quarterly sales at established stores in its U.S.-dominated Americas region grew 6 percent.
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Amazon posts larger second-quarter loss, but revenue rises  [Reuters] 24 Jul, 2014
SAN FRANCISCO (Reuters) - Amazon.com Inc posted a larger loss in the second quarter as its rapid pace of investment in new businesses such as digital content and same-day delivery offset revenue growth, sending its shares lower in ...
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