NOTTINGHAM, NOTTINGHAMSHIRE, UK (MAY 15, 2017) (BBC) – British inflation hit its highest level since September 2013 last month, extending its sharp rise since the vote to leave the European Union and tightening the squeeze on living costs as a national election approaches. Continue reading
(SNAP) – Snap Inc shares plunged on Wednesday (May 10) after the owner of Snapchat reported slowing user growth and revenue in its first earnings report as a public company, missing some Wall Street estimates as it competes with copycat messaging apps. Continue reading
DURBAN, South Africa May 5 (Reuters) – The Johannesburg Stock Exchange (JSE) is setting up a contract for Zambian maize that will be denominated in U.S. dollars.
Optimism about pro-growth policies and lower taxes fuel a Trump bump for U.S. markets during President Donald Trump’s first 100 days in office.
European shares open sharply higher and the euro briefly vaults to five-month peaks after the market’s favoured candidate won the first round of the French election, reducing the risk of another Brexit-like shock. Ciara Lee reports. Continue reading
U.S. cereal company Post Holdings has agreed to buy British brand Weetabix from China’s Bright Food Group Co Ltd in a 1.4 billion pound ($1.76 billion) deal that will expand its international business. Sonia Legg reports Continue reading
The BBC releases a recording of an October 2008 phone call between two bankers at Barclays in which one said he was under “serious pressure” from the Bank of England to set an artificially low rate for Libor, an inter-bank borrowing rate.
A company that makes graphics processing chips for the iPhone saw its stock crash 69 percent after Apple announced it would no longer be using its hardware. Mia Womersley reports. Continue reading
The deal will accelerate the company’s entry into the Middle East e-commerce market. Amazon separately launched a drive-in grocery service, as Fred Katayama reports. Continue reading
Billionaire philanthropist David Rockefeller, former head of Chase Manhattan Corp and patriarch of one of the most famous and influential American families, dies at 101.