Author Archives: Editor - Business News

Starbucks to relocate European headquarters to UK from Netherlands: The Times

(Reuters) – Starbucks Corp (SBUX.O) said it decided to move its European headquarters to the United Kingdom from the Netherlands following criticism over its low tax payments in Britain last year, The Times reported. The world’s largest coffee chain said … Continue reading

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BOJ Kuroda maintains positive view on economy

TOKYO (Reuters) – Bank of Japan Governor Haruhiko Kuroda on Wednesday affirmed its upbeat view of the economy, even as global financial markets wobble, stressing that growth will pick up around mid-year as the sting of a sales tax hike … Continue reading

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HKMA steps up supervision of banks’ credit risk management

HONG KONG, April 16 (RLPC) – The Hong Kong Monetary Authority (HKMA) is stepping up its supervision of Hong-Kong-based banks’ credit risk management by asking banks to show stable funding requirements and agree to regular onsite examinations of credit underwriting … Continue reading

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Asian shares offer muted cheer to China growth

SYDNEY (Reuters) – Asian share markets were mostly in the black on Wednesday after China reported economic growth a touch above forecasts, a relief for investors who had feared a much weaker outcome. China’s economy grew 7.4 percent in the … Continue reading

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Coca-Cola sales beat estimates as China volumes soar

(Reuters) – Coca-Cola Co reported better-than-expected quarterly revenue as strong sales in China more than offset a drop in Europe and flat volumes in North America. The company’s shares rose 2 percent in premarket trading on Tuesday. Global case volumes … Continue reading

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Wall Street to edge higher after earnings, data

NEW YORK (Reuters) – Stock index futures pointed to a modestly higher open on Tuesday as earnings from Coca Cola and Johnson Johnson helped overshadow a mixed bag of economic data. * Coca-Cola Co (KO.N) advanced 2.8 percent to $39.80 … Continue reading

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Yellen prepares Wall Street for more wholesale funding rules from Fed

NEW YORK/ATLANTA (Reuters) – The U.S. Federal Reserve is considering adopting yet more measures to address the remaining stability risks in the short-term wholesale funding markets that seized during the 2008 financial crisis, Fed Chair Janet Yellen said on Tuesday. … Continue reading

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J&J beats forecasts as new drugs shine, shares jump

(Reuters) – Johnson Johnson (JNJ.N) reported quarterly earnings well above expectations, as strong sales of new drugs offset weak demand for consumer products and medical devices, and the company slightly raised its full-year profit view. Shares were up 2.5 percent … Continue reading

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Entertainment Matters: Belafonte Settles with King Heirs

Harry Belafonte Lloyd Lee/Flickr Harry Belafonte is likely singing a happier tune now that he’s come to terms with the family of his longtime friend, the late Rev. Dr. Martin Luther King Jr. The activist-actor-singer has settled a lawsuit against … Continue reading

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Skadden On Board for Endurance’s Hostile Aspen Bid

Hit Toon/iStock Skadden, Arps, Slate, Meagher Flom is advising Bermuda-based property and casualty insurer Endurance Specialty Holdings on its $3.2 billion hostile bid to take over Aspen Insurance Holdings. In a letter sent to Aspen’s board Monday morning, Endurance chairman … Continue reading

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