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Cathay Pacific bookings on Hong Kong route 'encouraging'

Thu, 26 Apr 2018 02:30:00 +0100

Cathay Pacific's regional general manager for Europe, James Ginns, was on hand yesterday to address Enterprise Ireland's 'Routes to Growth' Asia Pacific conference in Dublin.


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Video ads help Twitter to second-quarter profit

Thu, 26 Apr 2018 02:30:00 +0100

Twitter has reported its second profitable quarter and topped Wall Street estimates for revenue and monthly active users, as advertisers in Asia and other markets outside the US embraced its video ads.


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Electric cars on show at Beijing exhibition

Thu, 26 Apr 2018 02:30:00 +0100

The Beijing International Automotive Exhibition is a barometer of the state of the world's biggest passenger-vehicle market. New cars are launched, startups vie for attention against their multinational rivals.


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Barclays swings to first-quarter loss as US settlement and PPI hit profits

Thu, 26 Apr 2018 07:53:51 +0100

Barclays swung to a loss in the first quarter as further payment protection insurance (PPI) charges and a £1.4bn settlement with the US Department of Justice knocked profits.


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Comcast's €25bn bid for Sky sees Murdoch's Fox dropped

Thu, 26 Apr 2018 02:30:00 +0100

US media group Comcast submitted a £22bn (€25bn) bid for Sky on Wednesday, prompting the European pay TV group to drop its support for a lower offer from Rupert Murdoch's Twenty-First Century Fox (21CF).


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CRH shares fall on sales slip, despite €1bn buyback plan

Thu, 26 Apr 2018 02:30:00 +0100

CRH is planning to buy back up to €1bn of its own shares over the next 12 months, with CEO Albert Manifold citing the building materials group's "strong balance sheet and cash flow generation" for the decision to return cash to shareholders.


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Energy firm Amarenco is top bidder in French solar auction

Thu, 26 Apr 2018 02:30:00 +0100

Irish renewable energy firm Amarenco has emerged as the number one buyer in French tariff auctions for 'Solar Barns'. The company won a total of almost 36MW of capacity either in its own right or in partnership with Total Solar.


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Global shares hit a losing streak on cost warnings

Thu, 26 Apr 2018 02:30:00 +0100

Global shares were on their way to the longest losing streak of the year yesterday as an advance in US bond yields beyond 3pc and warnings from top global firms about rising costs fed fears that a boom in earnings may have peaked.


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Cook out to cool trade tensions at Trump talks

Thu, 26 Apr 2018 02:30:00 +0100

Apple CEO Tim Cook is to meet President Donald Trump at the White House as the company looks to head off a brewing trade war between the US and China.


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Takeda wins Shire over at the fifth attempt

Thu, 26 Apr 2018 02:30:00 +0100

Rare disease specialist Shire said on Wednesday it was willing to recommend a sweetened $64bn (€52.35bn) takeover offer from Japan's Takeda Pharmaceutical to shareholders, in what would be the biggest acquisition of a drug company this year.


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Tullow chief cites 'strong progress' as it plans final investment decisions in Africa

Thu, 26 Apr 2018 02:30:00 +0100

Tullow Oil has continued to make "strong progress" in 2018, according to CEO Paul McDade.


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Brendan Keenan: Ireland an uneasy member among the rival euro clubs

Thu, 26 Apr 2018 02:30:00 +0100

I wouldn't belong to any club that would have me as a member, Groucho Marx famously said. Something similar might perhaps apply to Ireland's membership of the so-called 'Hanseatic league' of northern Eurozone states.


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Richard Curran: Government's new register of business owners won't unearth any big secrets

Thu, 26 Apr 2018 02:30:00 +0100

The government is finalising its plans to set up a Register of Beneficial Ownership in the coming weeks. The register will be established following a Statutory Instrument from the Department of Finance and it will be in line with the measures of the EU's fourth anti-money laundering directive.


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Hotel of the Year: How Laois became the lap of luxury

Thu, 26 Apr 2018 02:30:00 +0100

In 2014, Ballyfin Demesne, the super-luxury hotel situated in a quiet corner of Co Laois, hit the global headlines when reality television stars and pop music royalty, Kim Kardashian and Kanye West, honeymooned there.


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Whitbread to split Costa Coffee from group following activist pressure

Wed, 25 Apr 2018 09:20:30 +0100

Whitbread has bowed to pressure from an activist investor and announced that it will spin off Costa Coffee into a separately listed business.


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Signs euro area growth has already peaked

Wed, 25 Apr 2018 02:30:00 +0100

Business morale in Germany, France and Italy - the eurozone's three biggest economies - deteriorated in April as a stronger currency and capacity constraints limited output, signalling that growth in the currency bloc has reached its peak.


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US hedge fund injects another €30m into First Citizen

Wed, 25 Apr 2018 02:30:00 +0100

US hedge fund Magnetar Capital has pumped a further €30m into alternative lender First Citizen as the firm ramps up lending across its motor finance and commercial real estate platforms.


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French billionaire arrested in bribes probe

Wed, 25 Apr 2018 02:30:00 +0100

French billionaire Vincent Bollore was being held for questioning by French judicial police Tuesday as part of an investigation into possible bribes of public officials in two African countries.


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Trump talks up trade progress

Wed, 25 Apr 2018 02:30:00 +0100

US President Donald Trump has said the United States is likely to reach a trade agreement with China and that officials from both sides will sit down for negotiations in a few days.


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Paddy Power slumps on regulatory fears

Wed, 25 Apr 2018 02:30:00 +0100

Paddy Power Betfair was the big mover on the Irish stock exchange yesterday, down 3.77pc on concerns the British government will cap betting on so called fixed odds betting terminals (FOBT) at £2 a turn.


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Half of organisations want regulation to boost gender diversity

Wed, 25 Apr 2018 02:30:00 +0100

Irish executives think more regulation is needed to force greater gender balance at the higher levels of businesses.


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General Electric to trial world's largest wind turbines off coast of England

Tue, 24 Apr 2018 10:15:27 +0100

General Electric has decided to test the world’s largest offshore wind turbines at a test facility in England in a major vote of confidence for the UK’s burgeoning wind power industry.


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Sanofi epilepsy drug banned unless pregnancy prevention plan in place

Tue, 24 Apr 2018 09:44:15 +0100

A Sanofi drug for epilepsy and bipolar disorder linked to thousands of birth defects has been banned in Britain for use in women or girls of child-bearing age, unless they are on a special pregnancy prevention programme.


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Santander profits fall 21pc amid competitive pressures and Carillion hit

Tue, 24 Apr 2018 09:01:37 +0100

High street banking giant Santander has revealed a 21pc slump in profit after taking another hit from failed construction giant Carillion and suffering "competitive pressures".


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Peugeot owner’s sales jump on Opel-Vauxhall acquisition

Tue, 24 Apr 2018 08:13:42 +0100

French automaker PSA Group posted a 42pc increase in first-quarter revenue, lifted by its acquisition of Opel-Vauxhall.


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EU probes state aid in Alitalia rescue

Tue, 24 Apr 2018 02:30:00 +0100

The European Commission has launched an in-depth investigation to assess whether an Italian government rescue loan to Alitalia constituted state aid. The bankrupt airline has used the loan to stay open while it seeks a buyer.


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Carney keeps sterling traders guessing on rise

Tue, 24 Apr 2018 02:30:00 +0100

Money-market traders in the UK may have capitulated, but not the analysts.


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Greece looking for 'clean exit' as PM promises no return to 'the spendthrift days'

Mon, 23 Apr 2018 13:56:18 +0100

Greece will exit its bailout programme without requesting a precautionary credit line, Prime Minister Alexis Tsipras said on Monday.


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European shares falter as UBS bank disappoints

Mon, 23 Apr 2018 09:02:52 +0100

European shares fell on Monday as results from Switzerland's biggest bank, UBS, disappointed investors, and a rise in US Treasury yields put pressure on bond-proxy sectors.


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Outsourcing giant Capita to raise £701m as CEO dismisses Carillion comparison

Mon, 23 Apr 2018 08:51:52 +0100

Outsourcing giant Capita is to tap investors for £701m (€799m) and embark on a new strategy after booking a hefty annual loss.


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Share watch: Brexit problems could clip the wings of Airbus

Mon, 23 Apr 2018 02:30:00 +0100

If someone really wants to be amazed by the dramatic developments that have changed the world in the last century, it is only necessary to look upwards. At any one moment in the day the skies are filled with some 10,000 planes moving millions of people across nations and continents at speeds that even recently would have been considered recklessly insane. In the 115 years since the Wright Brothers made something mechanical travel 120 feet in the air to kick-start the aeronautical revolution, the progress is breathtaking. The probable plans for the company under the microscope today, Airbus, suggest a future that will have even more surprises. Passenger numbers are doubling every 15 years and airlines, as well as airports and air traffic control, have to find a way to cope.


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Rich Americans bet their fortune on living to 100

Mon, 23 Apr 2018 02:30:00 +0100

Money might not buy love, but it can buy better health. And to live as long as possible, the world's wealthy are willing to pay up.


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World Bank seals $13bn cash boost

Mon, 23 Apr 2018 02:30:00 +0100

The World Bank won support from its member countries for a $13bn (€10.6bn) capital increase, with the US dropping its objection as the lender imposes measures that would potentially reduce loans to China.


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Google, Twitter face congress grilling

Sun, 22 Apr 2018 18:00:00 +0100

The chief executives of Google and Twitter may be next to follow Mark Zuckerberg into a gauntlet of congressional hearings.


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Falcon expects serious drilling in 12 months as Australia fracking ban lifted

Sun, 22 Apr 2018 18:00:00 +0100

Falcon Oil & Gas expects serious drilling activity to begin in 12 months' time at its major prospect, where a government ban on fracking has been lifted, enabling the project to proceed.


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Deutsche Bank sent €28bn to the wrong account

Sun, 22 Apr 2018 18:00:00 +0100

Deutsche Bank inadvertently transferred €28bn to the wrong account.


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Skechers shares hit as shoemaker struggles to keep pace with demand

Sun, 22 Apr 2018 18:00:00 +0100

Merchandise from Skechers is selling fast - maybe too fast. Investors are sceptical the company can keep pace with demand and simultaneously keep costs under control.


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Irish Life lines up deal to buy financial consultants Invesco

Sat, 21 Apr 2018 02:30:00 +0100

Irish Life is set to acquire a strategic shareholding in Invesco, the largest Irish-owned independent financial consultancy.


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Headache for Nurofen owner Reckitt Benckiser as poor sales disappoint analysts

Fri, 20 Apr 2018 10:45:41 +0100

Durex owner Reckitt Benckiser disappointed City analysts with its sales performance in the first quarter, sending its shares down 6pc in morning trading on Friday.


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Barclays Bank boss facing fine over whistleblower debacle

Fri, 20 Apr 2018 08:47:30 +0100

Barclays boss Jes Staley is facing a fine after regulators found he had allegedly breached conduct rules by attempting to identify a whistleblower in 2016.


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Germany cautious on banking union

Fri, 20 Apr 2018 02:30:00 +0100

German Finance Minister Olaf Scholz on Thursday effectively rejected calls for the swift introduction of a EU-wide bank deposit guarantee system as part of a banking union, saying that step could only follow a reduction in banks' exposure to risk.


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UK rate rise less likely after surprise inflation fall

Thu, 19 Apr 2018 02:30:00 +0100

Inflation in the United Kingdom unexpectedly cooled to a one-year low in March, according to figures that raise some doubts over bets the Bank of England will raise interest rates in May.


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Danone reports 'strong' performance in China

Thu, 19 Apr 2018 02:30:00 +0100

Shares in food group Danone rose by over 2pc yesterday in Paris to €67.40 after the company reported sales of €6bn in the first quarter of 2018, a 10.8pc increase year-on-year on a reported basis.


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Earnings lift global stocks as geo-political fears ease

Thu, 19 Apr 2018 02:30:00 +0100

The US benchmark S&P 500 index posted slight gains on Wednesday, helped by gains from industrial and energy stocks, but IBM's disappointing results and a sell-off in semiconductor stocks weighed on the Nasdaq and the Dow.


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Starbucks leads way with anti-racist coffee break after backlash

Thu, 19 Apr 2018 02:30:00 +0100

Starbucks is setting an example for corporate America with its anti-racism coffee break. Facing a backlash over the arrest of two black men at a Philadelphia shop, the chain will shut all of its company-owned US outlets for an afternoon of racial-bias education. The swift response backs up Starbucks' social goals and offers a lesson to others.


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Schwarzenegger-fronted campaign hits ex AIB chief's bank

Thu, 19 Apr 2018 02:30:00 +0100

Shares in David Duffy's UK bank CYBG fell 6pc on Wednesday, after the lender said it had increased provisions for repaying customers missold payment protection insurance (PPI) by £350m. The move is a blow to the former AIB boss's effort to build CYBG in a challenger to the main UK lender.


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Warning we must step up fight against climate change... meet Kirsten Dunlop, head of Climate-KIC

Thu, 19 Apr 2018 02:30:00 +0100

Tackling 'vested interests' and undertaking a complete societal transformation is needed to combat the ravages of climate change and put the world on track for a low-carbon future.


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CEO and Chair of financial services company IFG stand down

Wed, 18 Apr 2018 09:07:54 +0100

Financial Services company IFG group has announced the departure of its chief executive John Cotter and its chairman John Gallagher.


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'Very strong' infant formula performance in China drive Danone sales

Wed, 18 Apr 2018 08:34:27 +0100

French food production group Danone has reported sales of €6bn in the first quarter of 2018, a 10.8pc increase year-on-year, according to results from the company.


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Mobile payments drive ecommerce explosion in China's economy

Wed, 18 Apr 2018 02:30:00 +0100

While there may be fears of a global trade war between the US and China, with tariffs on goods being imposed by both sides in the dispute, the latter is continuing to develop its share of the global ecommerce market at pace.


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Sterling retreat helps boost UK shares

Wed, 18 Apr 2018 02:30:00 +0100

Britain's FTSE 100 advanced yesterday as sterling retreated from its highest level since the Brexit vote, while focus turned from geopolitical risks to corporate earnings that were largely supportive.


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'Unseasonably warm weather' impacts on Primark sales

Tue, 17 Apr 2018 08:18:24 +0100

Like-for-like sales at Primark – the trading name for Penneys outside of Ireland – declined by 1.5pc in the six months to 3 March, with sales impacted by "unseasonable warm" weather in October, the group said.


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Asia stocks waver after data shows both hot and cold patches in the Chinese economy

Tue, 17 Apr 2018 07:07:52 +0100

Asia stocks wavered on Tuesday after data showed both hot and cold patches in the Chinese economy, but losses were limited as investors turned their focus to corporate earnings from Syria.


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German firms hit by staff shortfall

Tue, 17 Apr 2018 02:30:00 +0100

German companies are struggling to find skilled workers to increase production and the shortage of manpower is costing the economy up to 0.9 percentage points of output a year, the IW German Economic Institute has said.


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Markets bounce on easing Syria tensions

Tue, 17 Apr 2018 02:30:00 +0100

Wall Street rose while oil and government bond prices fell on Monday on the view that this weekend's US-led missile strikes on Syria were unlikely to mark the start of a broader conflict.


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JD Wetherspoon closes down all social media accounts following trolling

Mon, 16 Apr 2018 07:42:29 +0100

JD Wetherspoon is closing down its Twitter, Instagram and Facebook accounts for all its 900 pubs and head office with immediate effect following the trolling of MPs and others, the company has announced.


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Macron and Merkel set for Trump talks

Mon, 16 Apr 2018 02:30:00 +0100

A busy data week kicks off with today's Ulster Bank Construction Purchasing Managers' Index for March.


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Self-made ad mogul Martin Sorrell forced to step aside from world's biggest advertising firm

Mon, 16 Apr 2018 02:30:00 +0100

Martin Sorrell's sudden exit from WPP marks a shocking end to the career of a chief executive who, through sheer force of personality, made it the world's biggest advertising firm.


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Swiss lawyers hired to find missing businessman Peter Conlon over €3.8m collapse debt

Mon, 16 Apr 2018 02:30:00 +0100

Swiss lawyers have been hired to chase down missing businessman Peter Conlon, whose Ammado fundraising platform collapsed owing €3.8m to charities, the Irish Independent understands.


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Advertising titan quits world's largest agency following allegations of personal misconduct

Sun, 15 Apr 2018 09:46:32 +0100

THE chief executive of the world's largest advertising agency WPP has stepped down following allegations of personal misconduct through the misuse of company assets.


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Fuel retailers in race to future-proof forecourts

Sun, 15 Apr 2018 18:00:00 +0100

"More change will happen in forecourt retailing in the next 10 years than has happened in the history of the sector so far."


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Marijuana stock boost after Trump backs state regulation

Sun, 15 Apr 2018 18:00:00 +0100

US President Donald Trump has endorsed letting states decide how to regulate marijuana, in a major boost for the legal pot industry.


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'Geo-political jitters' are priced in as oil markets rally

Sat, 14 Apr 2018 02:30:00 +0100

A gauge of stocks across the world fell on Friday but was still on track to end the week with its strongest performance in five weeks, while crude oil added to recent gains that drove it to highs not seen since late 2014.


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What happened to tiny denim firm Hiut after Meghan Markle wore a pair of its jeans

Fri, 13 Apr 2018 14:47:15 +0100

David Hieatt only found out that Meghan Markle had worn a pair of jeans made by his company when a newspaper rang up to check they were his.


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London Stock Exchange appoints new chief executive

Fri, 13 Apr 2018 08:40:24 +0100

David Schwimmer, a former Goldman Sachs stalwart, has been appointed as chief executive of the London Stock Exchange.


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Radical Volkswagen shake-up leaves unions reeling

Fri, 13 Apr 2018 02:30:00 +0100

Powerful labour unions at Volkswagen are concerned by a sudden rush by the German carmaker's board to approve sweeping changes, sources said, while 'Handelsblatt' newspaper reported that its finance chief could step down.


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EU regulators tell financial firms to prepare for Brexit

Thu, 12 Apr 2018 12:28:01 +0100

European Union regulators urged banks, investors and customers to take "timely action" to avoid disruption to cross-border derivatives and insurance contracts caused by Brexit.


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Mothercare online sales recover as refinancing talks continue

Thu, 12 Apr 2018 08:57:31 +0100

Mothercare has cheered a much-needed recovery in online sales as the struggling retailer remains locked in talks with lenders over a refinancing deal.


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Outlook for Chinese property uncertain

Thu, 12 Apr 2018 02:30:00 +0100

Nothing divides analysts in Asia quite like the outlook for Chinese property companies, and that's turning their shares into some of the region's most volatile investments.


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Lagarde warns WTO rules risk being 'torn apart' in trade war

Thu, 12 Apr 2018 02:30:00 +0100

International Monetary Fund (IMF) chief Christine Lagarde s has said countries need to be sensible about talk of a trade war, as a conflict between the United States and China creates uncertainty for businesses and their global supply chain.


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Expedia lashes out in Ryanair US legal action

Thu, 12 Apr 2018 02:30:00 +0100

Expedia has blasted Ryanair's attempts to prevent the US internet travel giant from having a so-called 'screen-scraping' case dismissed.


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Shares in Asos tumble as worries over spending plans overshadow half-year profits

Wed, 11 Apr 2018 14:53:23 +0100

Shares in online fashion firm Asos have slumped as worries over higher-than-expected spending plans overshadowed surging half-year profits.


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Legal marijuana could soon be a bigger market than fizzy drinks

Wed, 11 Apr 2018 14:16:22 +0100

Cannabis could soon become a bigger industry than fizzy drinks and it has already started putting pressure on alcohol sales.


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Trade tariffs could hurt investor confidence and trigger retaliation - ECB boss Mario Draghi

Wed, 11 Apr 2018 13:00:12 +0100

The direct effect on the euro zone economy of trade tariffs announced by the United States and China is small but they can hurt investor confidence and trigger retaliation, the head of the European Central Bank said on Wednesday.


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Top bosses at Melrose take home €48m each ahead of GKN takeover

Wed, 11 Apr 2018 12:51:51 +0100

Top bosses at turnaround specialist Melrose have raked in pay packets worth nearly £42m (€48m) ahead of the company's pending takeover of British engineering giant GKN.


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Michelle Mone 'sad' as Ultimo announces it will cease trading in the UK

Wed, 11 Apr 2018 09:34:26 +0100

Michelle Mone has said she is "very sad" that the Ultimo underwear firm she set up 21 years ago has announced it is to cease trading in the UK.


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Increase in Irish sales helps Tesco profits pass £1.6bn

Wed, 11 Apr 2018 07:48:30 +0100

Tesco reported its ninth consecutive quarter of like-for-like sales growth in the three months to February 24 as sales at the grocery giant topped £51bn (€58bn) worldwide for the year.


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Xi vows greater economic openness and warns against trade 'Cold War'

Wed, 11 Apr 2018 02:30:00 +0100

Chinese President Xi Jinping reiterated pledges to open up sectors from banking to carmaking to foreign firms and at the same time warned against returning to a "Cold War mentality" amid trade disputes with the US.


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Global markets surge on softer China line

Wed, 11 Apr 2018 02:30:00 +0100

Global stocks surged yesterday following conciliatory remarks from Chinese President Xi Jinping aimed at releasing some pressure from a trade dispute between the world's biggest economies. Treasuries fell with the dollar.


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Card Factory profits hit by soaring costs

Tue, 10 Apr 2018 08:26:46 +0100

Retailer Card Factory has seen annual profits tumble after taking a £14.6m (€16.7m) hit from the weak pound and soaring wage costs.


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Novartis bets big on gene therapy with $8.7bn AveXis deal

Tue, 10 Apr 2018 02:30:00 +0100

Swiss drugmaker Novartis is moving further into gene therapy by buying AveXis for $8.7bn (€7bn), adding a rare-disease treatment that could reap billions in sales.


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Sanctions dent Europe share recovery

Tue, 10 Apr 2018 02:30:00 +0100

Further US sanctions on Russian interests hit Europe-listed stocks on Monday, denting a recovery as investors became more hopeful a trade war between the United States and China could be averted.


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China popular with investors - despite fears over global trade war

Tue, 10 Apr 2018 02:30:00 +0100

China's currency, bonds and stocks are among fund managers' top picks for 2018 as they bet the United States and China will avert a full-blown and potentially costly trade war.


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China ramps up war of words over Trump's US tariff threat

Tue, 10 Apr 2018 02:30:00 +0100

China stepped up its attacks on the Trump administration yesterday over billions of dollars worth of threatened tariffs, saying Washington is to blame for trade frictions and repeating it was impossible to negotiate under "current circumstances".


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Rolls-Royce offloads tech firm L'Orange to America's Woodward in €700m deal

Mon, 09 Apr 2018 08:23:37 +0100

Engine maker Rolls-Royce has taken further steps to shore up its balance sheet by offloading fuel injection technology firm L'Orange to America's Woodward in a £610m (€700m) deal.


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US stocks fall on China trade war fear

Sun, 08 Apr 2018 18:00:00 +0100

US stocks dropped about 2pc on Friday, with the Dow falling more than 570 points, as US President Donald Trump's latest tariff threat on Chinese imports fuelled increasing concern over a US trade war with China.


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Soros family firm plots move into cryptocurrencies

Sun, 08 Apr 2018 18:00:00 +0100

George Soros called cryptocurrencies a bubble in January. Now his $26bn (€21bn) family office is planning to trade digital assets.


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Solar troubles flare up to add to Elon Musk's Tesla headache

Sun, 08 Apr 2018 18:00:00 +0100

With all the car-making troubles that are hounding Tesla these days - from the Model 3 bottlenecks to the furious cash burn - it's easy to overlook the company's SolarCity headache.


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Paul Sommerville: Will Musk Tesla tweet make April fools out of investors?

Sun, 08 Apr 2018 18:00:00 +0100

Elon Musk, the CEO of Tesla motors was trying to be humorous. He failed miserably. The eccentric CEO of the electric car company tweeted on April 1st: "Despite intense efforts to raise money, including a last-ditch mass sale of Easter Eggs, we are sad to report that Tesla has gone completely and totally bankrupt. So bankrupt, you can't believe it."


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Wall Street losses accelerate as Trump trade war concerns mount

Sat, 07 Apr 2018 02:30:00 +0100

US stocks tumbled yesterday on fears of an escalating trade war between the United States and China after US President Donald Trump threatened to slap $100bn (€81bn) more in tariffs and Beijing warned it would fight back "at any cost".


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China vows retaliation as Trump ramps up tariff threat

Sat, 07 Apr 2018 02:30:00 +0100

China warned yesterday that it would fight back "at any cost" with fresh trade measures if the United States continues on its path of protectionism, hours after President Donald Trump threatened to slap tariffs on an additional $100bn (€81bn) in Chinese goods.


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US-China battle presents an opportunity for Latin America's middle men

Sat, 07 Apr 2018 02:30:00 +0100

As the trade dispute between the United States and China was gaining steam last month, a half-dozen Chinese dancers and a person in a panda bear suit paraded across a stage inside a hotel lobby in the heart of Argentina's wine country.


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China says will fight back 'at any cost' against US trade tariffs

Fri, 06 Apr 2018 08:36:22 +0100

China warned it would fight back "at any cost" with fresh measures to safeguard its interests if the United States sticks to its protectionist actions, after President Donald Trump threatened an extra $100bn in tariffs in a worsening trade dispute between the world's two biggest economies.


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Dollar slips versus yen amid fresh US trade threats

Fri, 06 Apr 2018 07:24:50 +0100

The dollar faltered on Friday after US President Donald Trump threatened $100bn in additional tariffs on China, in a fresh escalation of trade tensions between the world's largest economies.


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Markets revive as Trump tariff fears ease

Fri, 06 Apr 2018 02:30:00 +0100

European stock markets surged yesterday, bolstered by the performance across the Atlantic as White House officials indicated that President Trump's trade war rhetoric won't result in tariffs that will stymie growth.


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Air transport chief warns on infrastructure as traffic rises

Fri, 06 Apr 2018 02:30:00 +0100

February saw a rebound in international air passenger growth, with a strong economic backdrop and business confidence underpinning a rise in seat capacity and traffic, according to the International Air Transport Association (IATA).


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UK economy battered by 'Beast from the East' storm

Fri, 06 Apr 2018 02:30:00 +0100

Bad weather took a toll on the UK economy in March, with growth in services slowing to its weakest in almost two years.


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Whistleblower in HSBC tax evasion scandal arrested in Spain

Thu, 05 Apr 2018 14:29:57 +0100

A former HSBC employee convicted of leaking account data that led to a tax evasion scandal has been arrested in Madrid on a warrant issued by Switzerland, Spanish police said.


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Boss of Battersea Power Station regeneration steps down after ten years

Thu, 05 Apr 2018 14:19:33 +0100

The boss overseeing the regeneration of Battersea Power Station has stepped down, bringing an end to his 10-year tenure.


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