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Shell warns slowing global economy could hit $25 billion buyback timetable LONDON (Reuters) - Royal Dutch Shell warned on Thursday that uncertain economic conditions could slow its $25 billion share buyback programme, the world's largest, after its third-quarter profits easily beat expectations on strong oil and gas trading.
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India has to clean up its finance sector 'fast' to see stronger growth, ex-central bank chief says India needs to clean up its troubled financial sector fast in order to get economic growth back on track, says a former governor of the Reserve Bank of India, Raghuram Rajan. Rajan served as RBI governor for three years — from Sept. 2013 to Sept. 2016.
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Fiat Chrysler and PSA, Maker of Peugeot, to Merge Fiat Chrysler and PSA of France announced on Thursday that they plan to merge, a combination that would create Europe's largest carmaker and the fourth largest in the world. The announcement came after a round of board meetings on Wednesday that ...
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BNP Paribas Fixed-Income Trading Outperforms European Rivals BNP Paribas SA posted a third straight gain at its fixed-income trading business, outshining its Wall Street and European peers while keeping costs under control. Fixed income, currency and commodity trading revenue surged 35% to 915 million euros ($1 ...
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As CEO Larry Culp's turnaround plan starts to take hold, GE's stock surges NEW YORK — Exactly one year ago, Larry Culp delivered a sobering message to General Electric Co.'s long-suffering investors. As he slashed the dividend and restructured the power business to blunt a downturn, the newly minted boss made clear their ...
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Yield-Hungry Foreign Investors Propel India's Sensex to Record The benchmark Sensex index rose to a fresh record after a U.S. interest rate cut spurred expectations that foreign funds may be attracted to Indian shares amid early indications of earnings improvement. The S&P BSE Sensex climbed 0.7% to 40,323.49 as of ...
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Facebook's Earnings and Revenue Jump, Topping Forecasts SAN FRANCISCO — Facebook has been targeted by lawmakers over its treatment of political ads and has been misused by Russians to spread disinformation. But on Wednesday, the social network showed those challenges had little effect on its business.
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How the ex-Trump official who wants to cancel student debt would fix higher education funding The former Trump administration official who wants to cancel student debt told CNBC on Wednesday that his plan to solve the loan crisis is "comprehensive, bold and, quite frankly, decisive." A central tenet: minimizing the government's role. "The federal ...
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REFILE-UPDATE 1-Australian consumer regulator files lawsuit against local unit of Japan's Mazda (Corrects to add dropped word "regulator" in headline). Oct 31 (Reuters) - Australia's consumer regulator on Thursday said it has filed a lawsuit against the local unit of Japanese automaker Mazda Motor Corp for allegedly misleading consumers.
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Fed Cuts Rates for Third Consecutive Time: What to Know The Federal Open Market Committee cut interest rates by 25 basis points, setting a new target range between 1.5% and 1.75%. This consecutive third cut was largely expected by investors, analysts, and the broad financial market. The Fed's statement ...
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Last-minute PPI claims wipe out Lloyds bank profits Lloyds Banking Group has put aside a further £1.8bn to cover a late-minute surge in payment protection insurance (PPI) complaints before the August claims deadline, which nearly wiped out its quarterly profit. Including the PPI charge, the bank's profit before ...
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Cannabis Investment: How to Buy ACB, CGC, and Others Cannabis is a hot sector. Right now, how to buy cannabis stocks is a question that's likely on many investors' minds. Marijuana is still federally illegal in the US, and many top cannabis players are based in Canada, so you may be wondering: What's the best ...
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New charging technique could power an electric car battery in 10 minutes Tesla and other car companies are selling a record number of electric vehicles (EVs). But even at souped-up "supercharger" stations, the cars still require more than 1 hour to top off their batteries. A new advance may change that. One strategy for boosting ...
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National Lottery Lotto results and draw LIVE: Winning numbers for Wednesday October 30 It's the final National Lottery of the month so there's even more reason to take part. Tomorrow is Halloween but you could get quite the shock if you were to win tonight's jackpot of £8.6million. This evening's game is a triple rollover after no one was lucky ...
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A titanic battle over work looms It would be difficult to name an issue of more fundamental, far-reaching importance than how we earn our livings — and a titanic political battle is about to erupt. This week, a coalition of companies that use on-call drivers with their own vehicles to transport ...
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