Page 1043 - Business Finance
Twitter revenue hits $909 mn in Q4
Twitter on Thursday announced that its revenues for the fourth quarter of 2018 has hit $909 million, growing 24 per cent year on year and beating market estimates of about $868 million.
Jet Airways says four aircraft grounded for non-payment to lessors
SINGAPORE (Reuters) - Struggling Indian airline Jet Airways Ltd said late on Thursday it had grounded four aircraft due to non-payments to lessors.
India's Jet Airways says four aircraft grounded for non-payment to lessors
SINGAPORE (Reuters) - Struggling Indian airline Jet Airways said late on Thursday it had grounded four aircraft due to non-payments to lessors.
Oil prices squeezed by economy concerns, but OPEC output cuts provide support
SINGAPORE (Reuters) - Oil markets were cautious early on Friday, held back by concerns over a global economic slowdown but supported by supply cuts led by producer club OPEC and U.S. sanctions against Venezuela.
Rusal sees aluminium demand improving in 2019
HONG KONG (Reuters) - Russian aluminium giant Rusal said on Friday it sees demand for aluminium growing in 2019 with potential for prices to rise.
Global Markets: Asia stocks slip on renewed anxiety over trade, growth outlook
TOKYO (Reuters) - Asian stocks slipped on Friday as investors fretted about a broadening global economic slowdown, with sentiment not helped by the absence of any positive signs for a resolution in the U.S.-China trade row.
Sony announces first-ever share buyback, stock rises five percent
TOKYO (Reuters) - Sony Corp announced on Friday a share buyback of 100 billion yen ($910 million) - its first ever aimed at boosting shareholder returns - sending the Japanese electronics and entertainment company's shares up more than 5 percent.
Murdoch's News Corp posts profit amid struggles at newspapers
Rupert Murdoch's News Corp. has said that it swung to profit in the most recent quarter even as revenues dipped for its newspaper operations. Profit in the three months through December amounted to USD 119 million, compared with a loss of USD 66 million a year earlier, for the conglomerate that publishes the Wall Street Journal, The Times of London, and titles in Australia. Revenues rose 21 percent year-over-year as gains from new video subscription services, Australian pay TV and other operations offset weakness in the news and information unit. The New York-based group also saw gains from its digital real estate and book publishing operations. Chief executive Robert Thomson said the results show "the power of premium content and authenticated audiences in a fact-challenged world that craves credibility." He noted digital subscription gains at the Wall Street Journal, and stronger digital advertising revenues in both the US and Australia. Wall Street Journal digital subscriptions ...
U.S. bankruptcy judge approves sale of Sears to Chairman Lampert
NEW YORK (Reuters) - A U.S. bankruptcy judge on Thursday approved Sears Holdings Corp Chairman Edward Lampert's $5.2 billion takeover of the beleaguered retailer, allowing the department store chain to avert liquidation and preserve tens of thousands of jobs.
No talks set between Trump and China's Xi before trade deadline
WASHINGTON (Reuters) - President Donald Trump said on Thursday he did not plan to meet with Chinese President Xi Jinping before a March 1 deadline set by the two countries to achieve a trade deal.
Wall Street slides on renewed U.S.-China trade fears
NEW YORK (Reuters) - Wall Street stocks sank on Thursday as worries that the United States and China would not be able to reach a trade deal increased concerns about slowing global economic growth.
Vimeo revenue hits $160 million in 2018, paying users near one million
(Reuters) - Online video platform Vimeo's paying subscriber base grew to about 952,000 at the end of 2018 and the company made $160 million in revenue during the year, its parent group IAC revealed on Thursday.
Global Markets: Shares stumble on fresh fears about global growth, trade
NEW YORK (Reuters) - Stocks pulled back sharply around the world on Thursday on fears of a global growth slowdown spreading to Europe and worry about the chances for a resolution of U.S.-China trade tensions anytime soon, while the U.S. dollar strengthened for a sixth session against a basket of currencies.
Huawei representative rebukes US ambassador's accusation, defends integrity and safety
In one of the strongest public remarks ever, a senior representative of Chinese technology major Huawei on Thursday night rebutted fear-mongering against the company.
Global Markets: Shares hit on weak Europe data, renewed U.S.-China worries
NEW YORK (Reuters) - Stocks around the world pulled back sharply on Thursday on fears of a global growth slowdown spreading to Europe and renewed worries about any near-term resolution of U.S.-China trade tensions, while the U.S. dollar strengthened for a sixth session.
Four Jet Airways aircraft grounded for non-payment of lessors' dues
Financially troubled Jet Airways on Thursday said that four of its aircraft have been grounded for non-payment of dues to lessors.
Trump, Xi unlikely to meet before March 1 trade deadline - U.S. officials
WASHINGTON (Reuters) - U.S. President Donald Trump and Chinese President Xi Jinping are unlikely to meet before a March 1 deadline set by their governments to reach a trade deal, U.S. officials said on Thursday.
Airbus hit by jet cancellations as A380 shutdown looms
PARIS (Reuters) - Airbus on Thursday reported the cancellation of orders worth $4 billion, dominated by 8 A380 aircraft, highlighting an increasingly bleak picture for the world's largest airliner as preparations to close production gather pace amid weak demand.
Wall Street slides on rekindled U.S.-China trade fears
(Reuters) - U.S. stocks sank over 1 percent on Thursday on fears that the United States and China would not be able to reach a trade deal with less than a month left in their fragile truce, adding to worries about a slowdown in global growth.
India stands committed to increase its overall health allocations to 2.5 pc of its GDP: Nadda
Union Health Minister J P Nadda said Thursday India has set an example by increasing its domestic financial allocation for health and stands committed to increase its overall health allocations to 2.5 pc of its GDP, as enunciated in the 2017 National Health Policy. In his address at the inauguration of India Showcase Event' as part of the preparatory meeting of the sixth Global Fund replenishment here, Nadda said India has continued to focus on improving health indicators and other determinants of wellness. He said India is prioritising resource allocations for tuberculosis with more than USD 2 billion being invested in the implementation of the National Strategic Plan to end TB by 2025. "This amount is separate from the additional amount of USD 100 million being invested for nutritional support to TB patients under the Nikshay Poshan Yojna," he stressed. Nadda said, India is making efforts to end TB by 2025, five years ahead of the SDG target. "By 2024, the target is to ensure that .