LONDON (Reuters) – The oil price rose on Thursday and was set for its largest weekly increase in a month, as the market prepared for potential disruption to crude flows from major exporter Iran in the face of U.S. sanctions.
LONDON (Reuters) – Shares in Royal Bank of Scotland rose as much as 6 percent on Thursday after the bank secured a far lower than expected settlement with U.S. authorities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival.
DUBLIN (Reuters) – Apple ditched plans to build an 850 million euro ($1 billion) data center in Ireland because of delays in the approval process that have stalled the project for more than three years, the iPhone maker said on Thursday.
MOSCOW/WALLDORF, Germany (Reuters) – Most Western technology companies are losing ground in Russia under the weight of restrictive rules and mounting local competition. Germany’s SAP is thriving.
LONDON (Reuters) – World stocks hit a three-week high on Thursday and turned positive for the year as rising oil prices gave energy firms a shot in the arm that countered the effects of increased political uncertainty.
DUBLIN (Reuters) – Apple will not proceed with a planned data center in Athenry, Ireland, because of delays in the planning approval process, RTE reported on Thursday citing a company statement.
The three joint ventures, in grid, nuclear and renewable assets, were created as part of Alstom’s 12.35 billion euro sale of its energy business to General Electric in 2015. “Alstom intends to exercise its options to sell its interests in the ‘Renewables’ and ‘Grid’ Joint Ventures in 2018,” the company announced in a statement. The exercise of these options between September 4 and 10 would imply General Electric had exercised its option to acquire Alstom’s interest in the “nuclear” joint venture, it said. …read more […]
LONDON (Reuters) – BT will cut 13,000 managerial and back-office jobs and move to a smaller London base in the latest attempt by the boss of Britain’s biggest telecoms group to rebuild from an accounting scandal and downturn in trading.
SEOUL (Reuters) – General Motors will stay in South Korea for at least 10 years and set up its Asia-Pacific headquarters in the country, government officials said on Thursday, revealing terms of a deal aimed at rescuing the U.S. automaker’s struggling GM Korea unit.
WASHINGTON/BOSTON/LONDON (Reuters) – Royal Bank of Scotland has agreed to pay a smaller-than-expected $4.9 billion to resolve a U.S. investigation into its sale of mortgage-backed securities, paving the way for a long-awaited return of cash to UK taxpayers who bankrolled its post-crisis survival.
LONDON (Reuters) – BT is cutting 13,000 managerial and back-office jobs and leaving its London headquarters in the latest attempt by Britain’s biggest telecoms group to rebuild after an accounting scandal and downturn in trading.
LONDON (Reuters) – BT is cutting 13,000 managerial and back-office jobs and plugging its pension black hole, while placating shareholders by maintaining its dividend, in the latest restructuring by Britain’s biggest telecoms group.
The president of Pacific Coast Producers (PCP) plans to use around 700 million tin-coated steel cans this year for tomatoes, peaches and pears from 168 growers here in California.
SEOUL (Reuters) – South Korea’s biggest conglomerate, Samsung Group [SAGR.UL], came for fresh criticism about its ownership structure on Thursday, with the country’s antitrust chief saying it was unsustainable.
TOKYO (Reuters) – Asian stocks rose on Thursday, with energy shares leading the way as crude oil prices bolted higher after U.S. President Donald Trump’s decision to pull out of a nuclear deal with Iran.
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