Author Archives: Editor - Business News

Post-Brexit global equity loss of over $2 trillion worst ever: S&P

A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., June 24, 2016. Reuters/Lucas Jackson The $2.08 trillion wiped off global equity markets on Friday after Britain voted to leave the European Union … Continue reading

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Goldman shares could rise 30 percent in next year: Barron's

The logo of Goldman Sachs is displayed in their office located in Sydney, Australia, May 18, 2016. Reuters/David Gray/File Photo Goldman Sachs Group (GS.N) shares could rise as much as 30 percent over the next year if the U.S. bank … Continue reading

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Intel considers sale of cyber security business: FT

The logo of Intel is seen during the annual Computex computer exhibition in Taipei, Taiwan June 1, 2016. Reuters/Tyrone Siu Chipmaker Intel Corp (INTC.O) is considering the sale of its cyber security business, the Financial Times reported on Sunday. According … Continue reading

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Rosatom's global nuclear ambition cramped by Kremlin politics

The logo of Russian state nuclear monopoly Rosatom is pictured at the World Nuclear Exhibition 2014, the trade fair event for the global nuclear energy sector, in Le Bourget, near Paris October 14, 2014. Reuters/Benoit Tessier/File Photo The $100 billion … Continue reading

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Panama opens canal extension, only a dozen heads of state attend

Panama opened the long-delayed expansion of its shipping canal on Sunday with just a dozen of the 70 heads of state invited to see the debut of the third set of locks attending the ceremony. Analysts said the rank of … Continue reading

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Deutsche Bank CEO says London financial center will weaken but won't die

Deutsche Bank CEO John Cryan addresses the bank’s annual general meeting in Frankfurt, Germany, May 19, 2016. Reuters/Kai Pfaffenbach The chief executive of Deutsche Bank (DBKGn.DE) says London will not die as a financial center but it will become weaker … Continue reading

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Kuka nears deal with Chinese bidder: source

A robot arm of German industrial robot maker Kuka is pictured at the company’s stand during the Hannover Fair in Hanover, Germany, April 25, 2016. Reuters/Wolfgang Rattay German robotics maker Kuka (KU2G.DE) is on the brink of agreeing to an … Continue reading

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China touts new bank's greater understanding of developing world

Flags of Asian Infrastructure Investment Bank (AIIB) (R) and member states are set up for the opening ceremony of the first annual meeting of AIIB in Beijing, China, June 25, 2016. Reuters/Jason Lee The China-led Asian Infrastructure Investment Bank (AIIB) … Continue reading

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Volkswagen should pay Europeans same compensation as U.S. drivers: EU commissioner

A VW sign is seen outside a Volkswagen dealership in London, Britain November 5, 2015. Reuters/Suzanne Plunkett/File photo Volkswagen AG (VOWG_p.DE) should offer European drivers similar compensation to what the German carmaker is expected to pay U.S. customers, Europe’s Industry … Continue reading

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Central banks ready to cooperate after Brexit result

City workers walk past the Bank of England in the City of London, Britain, March 29, 2016. Reuters/Toby Melville/File Photo Central banks are ready to cooperate to support financial stability in the wake of Britain’s vote to leave the European … Continue reading

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