Business

Bonds And Reflation Fans Enjoy Trump’s Arrival: BAML

Donald Trump's first week in charge in the United States was the best for bond funds in four months, a good one for reflation enthusiasts and for emerging markets, fund flow data shows. Figures from Bank of America Merrill Lynch...

Yahoo Beats Wall Street View, Sees Verizon Deal Closing In Second Quarter

Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse. The...

Toshiba Board To Approve Plans To Split Off Chip Business On Friday: Source

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Toshiba Corp's (6502.T) board will meet on Friday to approve plans to make its chip business a separate company and hopes to raise more than 200 billion yen ($1.8 billion) by selling a 20 percent stake in it, a...

Emirates To Start Dubai-Athens-Newark Flights, Likely To Irk U.S. Carriers

Emirates plans to start flying to the United States with a stop for passengers in Greece, its second so-called fifth freedom flight and a move that could anger U.S. competitors who accuse it of competing unfairly through state subsidies. The...

JP Morgan Sees U.S. Telecom Sector Consolidation, T-Mobile Deal

U.S. telecom sector could be on the brink of a major consolidation under President Donald Trump's likely more merger-friendly administration, said JP Morgan Securities, which now sees a 90 percent chance of T-Mobile US being involved in a strategic...

China Cracks Down On Unauthorized Internet Connections

China is reinforcing its censorship of the internet with a campaign to crack down on unauthorized connections, including virtual private network (VPN) services, that allow users to bypass restrictions known as the Great Firewall. The Ministry of Industry and Information...

SEC Probing Yahoo Over Previously Disclosed Cyber Breach: Filing

The U.S. Securities and Exchange Commission is investigating a previously disclosed data breach at Yahoo Inc, the company said in a filing. Yahoo said in a November 2016 quarterly filing that it was “cooperating with federal, state and foreign” agencies,...

Wal-Mart To Create 10,000 U.S. Jobs In 2017

Wal-Mart Stores Inc (WMT.N) said it would create about 10,000 jobs in the United States this year, adding to its near 1.5 million workforce in the country, by opening or remodeling stores and investing in its e-commerce business. The number...

Morgan Stanley’s Profit Doubles On Bond-Trading Surge

Wall Street bank Morgan Stanley's (MS.N) profit doubled in the last quarter of the year, far exceeding expectations, as trading activity surged following the U.S. presidential election. Earnings applicable to common shareholders soared to $1.51 billion in the fourth quarter...

Trump Threatens German Carmakers With 35 Percent U.S. Import Tariff

U.S President-elect Donald Trump warned German car companies he would impose a border tax of 35 percent on vehicles imported to the U.S. market, a plan that drew sharp rebukes from Berlin and hit the automakers' shares. In an interview...