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Standard Chartered hails turnaround progress with $1 billion buyback plan HONG KONG/LONDON (Reuters) - Standard Chartered PLC unveiled plans for an up to $1 billion (£773.16 million) share buyback, its first such in at least 20 years as quarterly profit rose 10 percent, signalling progress in its turnaround strategy. FILE PHOTO: ...
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Tesla Looks to Regain Its Luster in Solar Energy by Slashing Prices Tesla, which lost its status as the nation's leading rooftop solar company last year, says it has figured out how to get back in the game — by slashing prices. The company plans to announce on Tuesday that it has started selling solar panels and related ...
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Business Live: Sainsbury's leapfrogs Asda One of Britain's largest care home groups, Four Seasons Health Care, is on the brink of administration. The two companies that own the firm are expected to appoint administrators on Tuesday after struggling to repay their debts. The group serves about ...
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Starbucks rolls out its summer line-up as cold drinks drive sales growth As Starbucks signals the start of warmer weather by rolling out its summer menu Tuesday, investors can expect sales to heat up as customers clamor for its chilled drinks. Even in the chilly winter months, cold beverages have helped Starbucks' sales grow.
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China stocks rise despite disappointing factory activity data SHANGHAI, April 30 (Reuters) - China stocks rose on Tuesday despite lacklustre factory activity data, with some analysts saying that sharp corrections recently have largely reflected expectations of a slower economic growth. ** The China market will be ...
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Danske Bank cuts 2019 outlook as funding costs rise COPENHAGEN (Reuters) - Danske Bank, caught up in one of the world's biggest money laundering scandals, reported first-quarter pretax profit below expectations and lowered its outlook for 2019 in part due to higher funding costs. FILE PHOTO: Danske ...
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Google parent struggles with mobile clicks, YouTube changes, shares down 7% (Reuters) - Alphabet Inc's Google failed to reap the benefits of a strong economy that bolstered rivals in the first quarter as the leading internet ad company faced increased competition in its search and hardware businesses and suffered from disruptive ...
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Sprint and T-Mobile Extend Merger Deadline to July 29 Sprint and T-Mobile have announced an agreement to extend the deadline for their proposed $26 billion merger deal to July 29 (via Reuters). The extension was revealed in a filing with the Securities and Exchange Commission, and means that the two ...
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Facebook pulled in over $420 million from sales in Australia in 2018, but paid roughly 2% of that in taxes Facebook raked in over $420 million in sales in Australia last year, but paid just $8.3 million in taxes — roughly 2% — to Australia's tax authority. According to the Facebook's tax returns, seen by the Sydney Morning Herald, the company paid $AU455 million ...
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Eurozone economy picks up in Q1, growth doubles to 0.4% BRUSSELS — Official figures show that the eurozone economy picked up some momentum in the first quarter of the year and that unemployment across the region fell to its lowest level since the global financial crisis. Eurostat, the European Union's statistics ...
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Dell Technologies makes VMware linchpin of hybrid cloud, data center as a service, end user strategies Live. Dell Technologies lays out its hybrid cloud plan with a heavy dose of VMware Dell Technologies' crown jewel in its portfolio is VMware and the technology giant is now making it the glue that holds its portfolio of companies together. Dell Technologies' ...
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Australia's Nine Media Sells 170 Newspapers for $81 Million By ROD McGUIRK, Associated Press. CANBERRA, Australia (AP) — 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 ...
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UPDATE 1-Kenya Airways reports higher annual revenue, smaller pretax loss (Adds revenue). NAIROBI, April 30 (Reuters) - Kenya Airways reported a rise in annual revenue on Tuesday while trimming its pretax loss. The airline, in which Air France-KLM holds a 7.8 percent stake, reported revenue of 114.45 billion shillings ($1.13 ...
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Russian retailer Magnit says not planning major deals MOSCOW, April 30 (Reuters) - Russia's second-biggest food retailer Magnit is not considering any major deals at the moment, a company official told reporters on Tuesday when asked if Magnit planned to pursue an acquisition of a smaller rival Lenta.
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Chewy.com hopes to overcome gnawing Wall Street memories NEW YORK — PetSmart's online pet store Chewy is selling its stock in an initial public offering that may revive memories of the days when its breed of internet retailing seemed like a lost cause. It marks the latest IPO in a parade of unprofitable technology ...
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Galaxy Digital posts $273 million loss in 2018; crypto portfolio down more than $100 million Galaxy Digital Holdings Ltd. said on Monday the company posted an annual loss of $272.6 million in 2018, thanks in part to a loss of $101.4 million in digital assets. The price of a single bitcoin, BTCUSD, -0.39% the best-known cryptocurrency, by fell by more ...
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JPMorgan throws weight behind $3.8bn Sirius Minerals fund raising JPMorgan has thrown its weight behind Sirius Minerals, the UK-listed mining company building a giant fertiliser project in North Yorkshire, backing the key elements of a $3.8bn financing package. The US bank is underwriting a $400m share placing ...
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ASX falls as confession season gets underway Australian shares fell on Tuesday on the back of broad declines from the index heavyweights as a number of companies took the opportunity to update the market on their performance in the first part of the year. The S&P/ASX 200 Index fell 34 points, or 0.5 per ...
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Afterpay reveals quick-off-the-mark UK strategy Buy-now, pay-later provider Afterpay Touch will use an existing brand name and technology to launch in Britain, with executive director David Hancock saying it is the quickest way to market. Last August, Afterpay announced a $110 million equity raising to ...
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Long Beach Container Terminal Sold for $1.8 Billion Hong Kong-based Orient Overseas International Ltd. (OOIL) said Tuesday that it will sell Long Beach Container Terminal to a consortium led by Australia's Macquarie Group for $1.78 billion. OOIL was the terminal operater under a lease agreement with the ...
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Gas prices rise for 6th time in a week in Southern California LOS ANGELES (KABC) -- For the sixth time in a week, gas prices are on the rise. Prices increased nearly 5 cents a gallon over the past seven days in many parts of Southern California. In Los Angeles County, the average price of regular gas is $4.12 a gallon.
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UPDATE 1-FTSE 100 falls as mining shares, weak forecasts tug it lower ... * FTSE 100, FTSE 250 down 0.2 pct. * Standard Chartered gains on results, buyback. * Whitbread, Glencore hit after downbeat forecasts. * Mining companies slips on disappointing Chinese data (Adds company news items, updates share moves). April 30 ...
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A Wake-Up Call for the Perfect Economy? Australia's central bank never bought the hype, and may be about to acknowledge brewing trouble by cutting rates. By. Daniel Moss. April 29, 2019, 2:00 PM PDT. A Wake-Up Call for the Perfect Economy? Australia's central bank never bought the hype, and ...
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McDonald's customers now using plastic coffee lids amid paper straw backlash McDonald's fans are avoiding using paper straws by using PLASTIC coffee lids. It comes after customers furiously called for the company to make a big, big change. Fast food lovers have seen the chain, which boasts more restaurants in Birmingham than any ...
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Belgian publisher agrees to buy INM for €145.6m A Belgian newspaper publisher has agreed a deal to buy the Independent News and Media group. The company, which publishes the Irish Independent and Sunday Independent alongside a host of regional titles, will be sold to Antwerp-based Mediahuis, ...
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Land Rover to build all-new Defender in Slovakia London - Land Rover has confirmed that its reincarnated Defender will be built in Slovakia rather than Britain. The decision to build what is considered an 'iconic' British car abroad will be seen by many as a bitter blow - but the firm insisted that Brexit 'had not ...
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Argentina to intervene in exchange rate to curb peso volatility President Mauricio Macri's austerity measures have IMF support but are highly unpopular amongst ordinary Argentinians. (AFP/JUAN MABROMATA). 30 Apr 2019 05:51AM. Share this content. Bookmark. BUENOS AIRES: Argentina adopted a new measure ...
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Knocking inequality at Disney, Bernie Sanders suggests 'Avengers' profits should fund workers' raises Sen. Bernie Sanders, the democratic socialist of Vermont who is mounting his second bid for the White House, lists nearly two-dozen issues on his website that he would like to tackle as president, from fighting for disability rights to empowering tribal nations.
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