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| Standard Chartered Signals Progress With $1 Billion Buyback Plan Standard Chartered STAN 4.03% PLC is planning its first share buyback in two decades, in a signal of its return to health after a multiyear restructuring and the settlement of a sanctions probe. The Asia-focused lender said it would start a $1 billion buyback ... | |
| Gold gains as disappointing China data bruises Asia stocks (Reuters) - Gold prices rose on Tuesday as lacklustre Chinese factory activity data sent Asian shares lower, rekindling concerns about the health of the global economy. Gold jewelry for sale is seen at a jewelers in New York City December 19, 2013. | |
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| Yes Bank Slumps 30 Percent After Surprise Loss Shares in Yes Bank Ltd. slumped 30 percent on Tuesday, the first day of trading after the lender headed by newly appointed Chief Executive Officer Ravneet Gill reported a surprise quarterly loss. Late Friday, Yes Bank said it incurred a net loss of 15.07 billion ... | |
| US Renewable Energy Production Set to Outpace Coal in April For the first time, U.S. renewable energy production is set to outpace coal in April, according to a recent report from the Institute for Energy Economics and Financial Analysis. The report is more bad news for the fossil fuel sector. Despite repeated backings ... | |
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| UK Retailers Are Being Hit Hard by Brexit Uncertainty Retailers are bearing the brunt of the U.K.'s economic uncertainty as households pulled back from making big purchases, surveys published Tuesday indicated. GfK's headline consumer sentiment measure held at minus 13 for a third month in April, close to ... | |
| MGM Resorts to cut costs, slash 1000 jobs MGM Resorts International MGM, +1.02% plans to cut about 1,000 positions by the end of the current quarter amid a cost-cutting and operational overhaul that calls for fewer managers across its properties. That figure includes some 254 positions that the ... | |
| Australia's Nine media sells 170 newspapers for $81 million A major Australian media company announced on Tuesday it has agreed to sell 170 regional and rural newspapers for 115 million Australian dollars ($81 million). Nine Entertainment said it signed an agreement to sell the newspapers to shareholder Antony ... | |
| Mediahuis agrees to buy Ireland's Independent News & Media Independent News & Media, the largest Irish newspaper company, is set to change hands after an offer from Mediahuis of Belgium to buy the business for €145.6m. The deal was accepted shortly before 8am on Tuesday by Denis O'Brien and Dermot ... | |
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| The Glaring Omission in Social Security's Latest Report Social Security is a vital program for Americans, who count on the benefits that they receive in retirement or when they become disabled. With tens of millions of current recipients and hundreds of millions more expected to claim them during their lifetimes, the ... | |
| Lufthansa points to 'intensive' competition for €336m loss in Q1 German airline group Lufthansa made an adjusted loss of €336m before interest and tax in the first three months of 2019, confirming its profit warning a fortnight ago. The carrier blamed "overcapacities, intensive competition and correspondingly high pricing ... | |
| Toyota to manufacture luxury Lexus NX models in Ontario Toyota Motor Manufacturing Canada plans to manufacture two luxury SUVs at its plant in Cambridge, Ont., bolstering Canada's auto sector as its competitors General Motors and Fiat Chrysler Automobiles cut production in Ontario. The Japanese automaker ... | |
| World's Worst Currency Rebounds as Central Bank Overhauls Policy (Bloomberg) -- Argentina's peso rallied Monday after the central bank said it would step up intervention in the currency market -- the fourth change to policy in six weeks -- following last week's market collapse. The peso, the world's worst performing currency ... | |
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