Wednesday, April 26th, 2017

 

Germany expects quick deal with Greece on debt

BERLIN, April 26 — Germany expects Greece’s international creditors to agree soon to unlock billions of euros in crucial bailout loans, a senior finance ministry official said. Jens Spahn, state secretary at the finance ministry in Berlin,…


Hershey’s profit beats on cost-cutting, new launches

NEW YORK, April 26 — Hershey Co, the maker of Hershey’s Kisses and Reese’s Peanut Butter Cups, reported its eighth straight quarterly profit beat, helped by cost cutting and demand for its newly launched products. The company also said…


Deutsche Bank weighs moving thousands of jobs from London after Brexit

FRANKFURT, April 26 — Deutsche Bank is considering whether it needs to move thousands of staff from London to Frankfurt following Britain’s decision to leave the European Union, one of its top executives said. After Britain triggered Article…


Cashless society getting closer, survey finds

LONDON, April 26 — More than a third of Europeans and Americans would be happy to go without cash and rely on electronic forms of payment if they could, and at least 20 per cent already pretty much do so, a study showed today. The study, which…


Trump’s 15pc business tax seen as ‘gambit’ as he unveils plan

NEW YORK, April 26 — President Donald Trump’s call to slash the corporate tax rate to 15 per cent — a number that many economists say would boost the deficit so much that the cut would be short-lived — may be less about policy and more…


Twitter surprises by adding new users, sends shares soaring

SAN FRANCISCO, April 26 — Twitter Inc finally seems to be addressing its biggest challenge: Attracting new users. Ever since the company went public in 2013, it has been battling the perception that it’s a dying platform. But Twitter showed…


P&G cites rocky geopolitics as earnings decline

NEW YORK, April 26 — Procter & Gamble reported declines in both sales and profits today, saying challenging geopolitical and economic conditions hit consumer demand. The maker of Tide detergent and Head & Shoulders shampoo reported earnings in…


Boeing profit jumps 19pc, full-year target lifted

NEW YORK, April 26 — Boeing Co today reported a 19 per cent rise in first-quarter profit despite declining revenue, and it notched up its forecast for full-year earnings. The world’s biggest plane maker said it had earned US$1.45 billion…


Malaysia Airlines offers to lease A330s from Alitalia

DUBAI, April 26 — Malaysia Airlines has offered to lease Airbus A330 jets from Alitalia if the struggling Italian airline is wound up, the Asian carrier’s chief executive told Reuters today. Alitalia is preparing for special administration…


Ringgit extends rally against US dollar to close firmer

KUALA LUMPUR, April 26 — The ringgit extended yesterday’s rally to close firmer against the US dollar on continued buying interest, dealers said. At 6pm, the local note was quoted at 4.3460/3490 against the greenback from yesterday’s close…