Apple Inc (AAPL.O) confirmed on Wednesday its plans to invest $1 billion in a tech fund being set up by Japan's SoftBank Group Corp (9984.T).
Showing posts with label Finance. Show all posts
Showing posts with label Finance. Show all posts
Thursday, January 5, 2017
Macy's to close stores, cut jobs amid weak sales
Macy's says it is eliminating more than 10,000 jobs and plans to move forward with 68 store closures after a disappointing holiday shopping season. The department store chain also lowered its full-year earnings forecast.
Unrest over Mexico gasoline price hike erupts into looting
Protests over a sharp gasoline price hike erupted into looting of gas stations and stores in various parts of Mexico on Wednesday, with dozens of businesses reportedly sacked.
Wednesday, January 4, 2017
Trump Picks Wall Street Attorney Jay Clayton for Top SEC Post
Sullivan & Cromwell partner Jay Clayton is President-elect Donald Trump's choice to head up the Securities and Exchange Commission.
Hyundai group aims to sell 8.25 mn cars in 2017
South Korea's largest automakers Hyundai Motor and its affiliate Kia have forecast sales of 8.25 million vehicles this year amid hopes that new factories will tap into emerging markets.
Twitter's China boss Kathy Chen quits after 8 months
Twitter Inc executive Kathy Chen, brought in to run Greater China just over eight months ago, has quit, according to a tweet sent by her over the weekend.
Ford Not Canceling Mexico Plant Because of Pressure From Trump
Ford is canceling its plans to build a $1.6 billion plant in Mexico due to decreased demand for small car production, rather than pressure from President-elect Donald Trump's administration, CEO Mark Fields said on CNBC's "Halftime Report" on Tuesday afternoon. Trump has been putting pressure on companies to keep business in the U.S. and called out General Motors (GM) for its business in Mexico in a tweet this morning.
Tuesday, January 3, 2017
China's new rule on yuan transfers not a capital control measure - Xinhua
China's new rules on cash transactions and overseas transfers of yuan currency are not forms of capital controls, the state news agency Xinhua said, citing a central bank economist.
Surging Bitcoin breaks through $1,000 barrier
The value of Bitcoin surged above $1,000 on Monday as the digital unit continues a dizzying rise that made it the best-performing currency of 2016.
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