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Asia stocks, dollar edge lower as markets await Fed, BOJ meetings

Asia stocks, dollar edge lower as markets await Fed, BOJ meetings

TOKYO: Asian shares and the dollar edged lower on Monday as investors awaited central bank meetings in the United States and Japan this week that are expected to hold clues to future policy moves. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 0.2 percent in early trading, taking its cue from a mixed […]

April 25, 2016 | By | Reply More
Post-Brexit UK-US trade deal could take a decade, Obama tells BBC

Post-Brexit UK-US trade deal could take a decade, Obama tells BBC

April 24, 2016 LONDON: A trade deal between Britain and the United States could take five to 10 years to negotiate if Britain votes to leave the European Union at a June 23 referendum, US President Barack Obama told the BBC in an interview broadcast on Sunday. “It could be five years from now, 10 […]

April 24, 2016 | By | Reply More
Analysts look past Starbucks vanilla numbers, focus on mobile push

Analysts look past Starbucks vanilla numbers, focus on mobile push

WASHINGTON: Starbucks Corp’s quarterly numbers may not have been enough to satisfy investors craving a stronger cup of joe, but analysts believe its long-term growth prospects remain solid. Shares of the world’s largest coffee chain fell nearly 6 percent on Friday, a day after Starbucks reported second-quarter comparable sales growth below Wall Street’s expectations. Yet, […]

April 24, 2016 | By | Reply More
Don’t expect German criticism of the ECB to die down

Don’t expect German criticism of the ECB to die down

BERLIN: If you look at the facts, for Germany to lay into the European Central Bank makes little sense. Yes, low interest rates are not great for Germans who have squirreled away their savings in traditional bank accounts instead of investing them in real estate or stocks. But this has been offset by inflation that […]

April 23, 2016 | By | Reply More
Ford not interested in tie-up with Fiat Chrysler: CEO Fields

Ford not interested in tie-up with Fiat Chrysler: CEO Fields

MICHIGAN: Ford Motor Co is not interested in a tie-up with Fiat Chrysler Automobiles NV , Chief Executive Mark Fields said on Saturday, when asked about FCA head Sergio Marchionne’s remark that Ford could be a potential merger candidate. “I can’t speak to what Sergio or others wake up and want to say,” Fields told […]

April 23, 2016 | By | Reply More
Upside limited for 2016 even as earnings bottom

Upside limited for 2016 even as earnings bottom

NEW YORK: Even with a spate of high-profile earnings disappointments in recent days from the likes of Caterpillar, Microsoft and Google’s parent company, the profit recession that has dogged US stocks since last fall is still expected to come to an end in the second half of this year. But while that probably protects Wall […]

April 23, 2016 | By | Reply More
DoubleLine’s Gundlach says negative interest rates are a ‘horror’

DoubleLine’s Gundlach says negative interest rates are a ‘horror’

April 24, 2016 NEW YORK: Europe and Japan’s central bank policies of negative interest rates are a “horror” and will run counter to the desired effect, Jeffrey Gundlach, the widely followed investor who runs DoubleLine Capital, said in an interview with a Swiss newspaper. Gundlach, who oversees $95 billion for Los Angeles-based DoubleLine, said negative […]

April 23, 2016 | By | Reply More
Volkswagen takes $18 billion hit over emissions scandal

Volkswagen takes $18 billion hit over emissions scandal

WOLFSBURG: Volkswagen said on Friday it would take a 16.2-billion-euro ($18.2 billion) hit to its 2015 results and slash its dividend to help pay for its emissions-test cheating scandal. The news came amid growing signs a regulatory clampdown in the wake of VW’s cheating is affecting the broader industry, with Germany-based automakers including Mercedes-Benz, and […]

April 23, 2016 | By | Reply More
Alphabet drops most in three years after first quarter but analysts upbeat

Alphabet drops most in three years after first quarter but analysts upbeat

CALIFORNIA: Ruth Porat couldn’t have been clearer: Alphabet Inc’s chief financial officer said on Thursday that Google’s parent needed to step up investment to boost traffic. Analysts agreed. Investors weren’t so sure. The company’s shares closed down 5.46 percent at $737.42 on Friday, their biggest one-day percentage drop since October 2012. The search giant’s first-quarter […]

April 22, 2016 | By | Reply More
China ban on Apple services is a challenge for key growth area

China ban on Apple services is a challenge for key growth area

CHINA: The blocking of Apple mobile entertainment services in China poses fresh challenges for the tech company as it prepares to report its first-ever drop in iPhone sales. The news on Thursday that Apple Inc’s online book and film services had gone dark in China came at a vulnerable moment for the company. Apple executives […]

April 22, 2016 | By | Reply More