Smithfield Foods’ slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources.
(Bloomberg) — AIB Group Plc is shedding about 300 jobs, moving to cut costs as it struggles with a “challenging” interest rate environment.The bank plans to end 2019 with fewer than 9,500 staff, it said in a trading statement on Tuesday in Dublin. At the end of June, about 9,830 people worked at the bank. AIB Chief Executive Officer Colin Hunt’s plans include removing layers on management, it said.The bank was planning a new round of job cuts, Bloomberg News reported in September. Irish banks have been hit by a range of forces, from the ECB’s “lower for longer” interest …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Chancellor Angela Merkel’s government and German automakers agreed to increase cash incentives for electric cars as they attempt to accelerate the transition away from the combustion engine and reduce harmful emissions.A so-called “Environment Bonus” will be raised by half to as much as 6,000 euros ($6,680) per electric vehicle and the auto industry will continue to cover half the cost, Merkel’s chief spokesman, Steffen Seibert, said in a statement in Berlin. The changes will take effect this month and run through 2025, …read more […]
SAP SE (ETR:SAP) saw a decent share price growth in the teens level on the XTRA over the last few months. With many… …read more […]
SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork’s Japanese business can become profitable “in the near future”.
European shares dipped slightly on Tuesday, a day after hitting their highest levels since 2015, with a sales warning from Danish jewellery maker Pandora dragging on the benchmark index. The pan-European STOXX 600 index fell 0.1%, although declines were capped by a positive tone around U.S.-China trade talks. Tariff-hit miners gained the most among the major European sub-sectors after reports that China was pushing U.S. President Donald Trump to rollback more tariffs imposed in September as part of a “phase one” trade deal. …read more […]
Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later in the day, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal.
French defence firm Thales said on Tuesday it would ask South Africa’s highest court for permission to appeal an October ruling dismissing its request to have charges that it bribed former President Jacob Zuma permanently dropped. Thales is accused of agreeing to pay Zuma 500,000 rand ($34,000) annually for protection from an investigation into a $2 billion arms deal in 1999. The charges against Thales and Zuma were originally filed a decade ago but then set aside by the National Prosecuting Authority (NPA), paving the way for Zuma to successfully run for president in 2009. …read more […]
Civil rights activist Reverend Al Sharpton said he had a “no-holds-barred meeting” with Mark Zuckerberg at the Facebook Inc CEO’s home on Monday over the company’s decision not to fact-check ads and other content from politicians. The meeting, which Sharpton said lasted nearly two hours at Zuckerberg’s Palo Alto house, included multiple civil rights activists and Facebook’s Chief Operating Officer Sheryl Sandberg. …read more […]
Japan’s Rakuten Inc said on Tuesday it expects to take a 103 billion yen ($947 million) loss in the latest quarter on its investment in U.S. ride-hailing firm Lyft Inc.
Chinese artificial intelligence firm iFlytek will strictly adhere to international laws, including a recent decision by the U.S. government to put the firm on a trade blacklist, its chairman said on Tuesday.
Asian shares vaulted to six-month highs on Tuesday, surpassing their July peaks, as hopes that Washington may roll back some of the tariffs it has imposed on imports from China shored up optimism on the global economic outlook.
Asian shares vaulted to six-month highs on Tuesday, surpassing their July peaks, as hopes that Washington may roll back some of the tariffs it has imposed on imports from China shored up optimism on the global economic outlook. The CSI300 of mainland Chinese shares jumped 1.3% to move above double-tops marked in the past two months to hit their highest levels since late April, also helped by the People’s Bank of China cutting a medium-term lending rate. …read more […]
Q3 2019 Danske Bank A/S Earnings Call …read more […]
(Bloomberg) — Terms of Trade is a daily newsletter that untangles a world embroiled in trade wars. Sign up here. China is seeking the roll back of U.S. tariffs on as much as $360 billion of Chinese imports before President Xi Jinping agrees to go to the U.S. to sign a partial trade deal with President Donald Trump, according to people familiar with the matter.Negotiators asked the Trump administration to eliminate tariffs on about $110 billion in goods that were imposed in September and lower the 25% tariff rate on about $250 billion that began last year, said some of …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
