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By Roberta Rampton | JAKARTA JAKARTA U.S. Vice President Mike Pence toured Southeast Asia’s largest mosque on Thursday during a visit to Indonesia, calling the Muslim-majority nation’s tradition of following a moderate form of Islam “an inspiration to the world”. Pence, an evangelical Christian, has sought to use his trip to soften some of the harsher edges of rhetoric about the Muslim world used by U.S. President […]

Activist investor Elliott Management has released a letter sent to its founder Paul Singer by the ousted chief executive of US engineering group Arconic that it claims was a veiled attempt to “intimidate or extort” the hedge fund veteran over his celebrations at the 2006 World Cup. New York-based Elliott is the largest shareholder in Arconic and has been locked in a battle with the US engineering […]

Thursday 08:00 BST What you need to know ● European bourses soft despite positive Asia session and as US futures steady● Energy shares under pressure as oil struggles to recover from sell-off ● Dollar soft as sterling and euro shrug off election concerns● Sovereign bond yields hold near recent lows ● Gold prices add 0.1 per cent to $1,281 an ounce——————- Hot topic Oil prices are steadier […]

Jeff Bezo’s Amazon is coming, take cover Australia!Image: DAVID RYDER/GETTY IMAGES By Jerico Mandybur2017-04-20 02:36:33 UTC The moment Australian retailers have dreaded is here.   Amazon is expanding Down Under, opening warehouses that’ll enable cheap, fast local shipping, and letting small businesses sell goods through the site—a development an Amazon employee reportedly said would “destroy the retail environment in Australia.”   Shopping on Amazon.com is already available […]

Virtu Financial is set to emerge victorious in its effort to buy rival high-frequency trading group KCG Holdings, with a deal expected to be announced on Thursday, according to people briefed on the matter. KCG and Virtu declined to comment. With the announcement of the takeover imminent, Charles Susi, head of institutional sales and electronic trading at KCG, announced internally that he was leaving the company, other […]

By Pallavi Dewan and Nikhil Subba American Express Co’s (AXP.N) first-quarter profit fell less than expected as its card members spent more and the company expressed more confidence over its full-year results, amid fierce competition in the industry. AmEx’s shares rose 2.5 percent after the bell on Wednesday as the results and guidance indicated the company was starting to mitigate some of the impact of losing key […]

The next most-generous companies listed are Quicken Loans ($750,000), Wynn Resorts ($729,217), Chevron ($525,000), American Financial Group ($500,000), Intel ($500,000) JPMorgan Chase and Co. ($500,000), Citgo Petroleum ($500,000), oil comapny BP Corporation of North America ($500,000), casino developer and Ultimate Fighting Championship parent Fertitta Entertainment ($500,000), Manhattan real estate investment firm Tahl Propp ($500,000) and the MacAndrews and Forbes Group ($500,000), which owns military contractor AM General, among other companies. And other six-figure […]

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By Ernest Scheyder | HOUSTON HOUSTON Nearly a century after Chevron Corp amassed the No. 2 stake in America’s largest oilfield, Chief Executive John Watson is hitting the accelerator on developing the company’s vast Permian Basin holdings. In an interview, Watson made clear his desire to put the West Texas to New Mexico expanse in the ranks of Chevron’s biggest ventures. That is a stark change from […]

By David Morgan and Yasmeen Abutaleb | WASHINGTON WASHINGTON Top White House deputies returned to the Capitol on Tuesday evening to meet Republican lawmakers and discuss a second attempt at replacing Obamacare. Vice President Mike Pence and other key aides were meeting with members of the moderate “Tuesday Group,” the conservative Republican Study Committee and the House Freedom Caucus, the rebel group of conservative lawmakers that derailed […]

Investors are refusing to call time on expectations of a sustained recovery in the global economy, after propelling global markets to their best quarterly performance since 2013. Money managers say they are willing to look past rising political uncertainty in France and the US and bet on what they view as an acceleration in activity and synchronised economic advances across developed and emerging markets. Expectations of US fiscal stimulus […]

Magic coach Frank Vogel was left with some explaining to do.Image: AP/REX/Shutterstock By Sam Laird2017-04-04 21:47:19 UTC The tweet has been deleted, but this is the internet, where nothing really disappears.  One NBA franchise is still picking up the pieces.  Patricio Garino is an Argentine basketball pro who signed a contract with the Orlando Magic on Monday. His agent was stoked — and so tweeted out a […]

Turnstyle also offers analytics tools that provide insights into customer behavior, such as visit frequency and duration. Reviews website Yelp said Tuesday that it has acquired Toronto-based Wi-Fi marketing analytics firm Turnstyle Analytics for approximately $20 million in cash. Turnstyle’s core product is essentially a digital marketing service that allows businesses to connect with their customers through a free Wi-Fi network. Customers must provide their email address […]

The Washington Post is out with a few more leaks today, this time purporting that Trump is set to impose two liberal wet dreams on the people, VAT and carbon taxes. Washpo said the administration is trying to find ways to raise revenues, in order to provide the people with the tax cuts they promised. Moreover, they painted this in a light that Trump and his team […]

The ‘Panama Papers‘ scandal was one of the biggest data leaks in history. But a year on from the exposé by the International Consortium of Investigative Journalists (ICIJ), it appears to be simply ‘business as usual’; as few governments have meaningfully tackled the issues of tax avoidance and evasion. Unparalleled leaks The leak was huge. It contained 11.5 million documents, and named more than 200,000 companies, 14,153 clients in […]

KINSHASA, Congo — On Oct. 4, 2016, Etienne Tshisekedi made his final address to a crowd gathered in the courtyard of his party’s headquarters. The longtime leader of the Democratic Republic of the Congo’s opposition was visibly frail, and the speech, slow and hesitant, lasted only three minutes. But the old man still managed to rev up his followers, many of whom strained to hear from the […]

By Nichola Saminather | SINGAPORE SINGAPORE Asian shares inched lower on Tuesday as caution reigned ahead of a potentially tense meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping later this week. The dollar lost ground after investors sold stocks overnight and looked to safe havens as political uncertainty overshadowed positive U.S. economic data and solid growth in global manufacturing. European markets were also […]

Imagination Technologies lost more than half its market value in a single day this week when the chip designer revealed that Apple, its largest customer, was developing its own version of the graphical processing units in which the UK-based group has specialised. Apple’s initiative to make a GPU, however, should not have come as such as surprise to investors. It follows several months of intensive recruitment by […]

April 4, 2017 by: Hudson Lockett in Hong Kong Tuesday 06.00 BST Overview Asian bonds rallied on Tuesday and yield on US Treasuries dipped to a five-week low ahead of key US events later in the week, while sentiment on South Africa’s rand soured further after S&P downgraded the country’s credit rating. Hot topic The yield, which moves inversely to price, on 10-year US Treasuries rose 1 […]

SEOUL South Korea’s Hyundai Motor Co (005380.KS) and Kia Motors Corp (000270.KS) have slashed vehicle production in China, people familiar with the matter told Reuters, amid diplomatic tensions and competition from local brands. China, the world’s biggest auto market, accounted for over a quarter of the pair’s 2016 overseas sales but their March sales there were hit by anti-Korean sentiment and competition from local automakers like Geely […]

(Image: AOL) When Verizon completes its acquisition of Yahoo’s core business, the merger of AOL and Yahoo will result in a new parent company called Oath. AOL CEO Tim Armstrong on Monday tweeted an image of Oath’s logo, with the caption: “Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer 2017.” Business Insider first reported the name change. “In the summer of 2017, you can bet we will […]

Energy giant Qatar Petroleum is to launch a new project in the world’s biggest gas field, boosting its output by up to 10 percent, it said Monday. The state-owned firm’s chief Saad Al-Kaabi said it was ending a 12-year moratorium on new projects in the North Field, off the Gulf state’s northern coast. “Qatar Petroleum’s technical studies and assessment of the North Field have confirmed the potential […]

Tesla, the upstart electric carmaker, surpassed US motor pioneer Ford in market value on Monday, as investors look to a future beyond the internal combustion engine. Shares of Tesla, founded in 2003, rose 7.3 per cent to a market capitalisation of $48.7bn, gliding past the 100-year-old Ford, whose shares fell 1.7 per cent after disappointing March sales results to a market value of $45.3bn. While it is symbolic for […]

Journalism has a trust problem. In the run-up to the 2016 election, a Gallup poll revealed Americans’ trust in the press had sunk to an all-time low, with just 32 percent surveyed they felt “a great deal” or “a fair amount” of trust in the mainstream media. Whether it’s criticism from the Trump administration, the failure of the media to correctly forecast the outcome of the 2016 […]

TORONTO The Canadian arm of Fiat Chrysler Automobiles (FCHA.MI) (FCAU.N), which makes the Jeep and Chrysler brands, led auto sales in Canada for the month of March, but General Motors Canada (GM.N) posted the biggest surge in monthly sales. FCA Canada sales were up marginally in March, with 26,531 cars and trucks sold during the month, compared with 26,469 a year ago. Ford Motor Co (F.N) sold […]

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