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Business

Softbank shares soar on US $50-bn investment pledge

Shares have soared in Softbank, one of Asia’s biggest technology firms, after it pledged to invest $50 billion (€46bn) into the United States.

Shares have soared in Softbank, one of Asia’s biggest technology firms, after it pledged to invest $50 billion (€46bn) into the United States.

News

Dow Jones surges to record high

The leading US index rallies instead of the expected Trump post-election meltdown. Shares in banks, construction and defence rise, tech shares fall.

The leading US index rallies instead of the expected Trump post-election meltdown. Shares in banks, construction and defence rise, tech shares fall.

Business

Samsung gives latest cost estimates for Note 7 disaster

Samsung says will take a hit to its operating profit of about 2.7 billion euros in the next two quarters from scrapping the Note 7 smartphone.

Samsung says will take a hit to its operating profit of about 2.7 billion euros in the next two quarters from scrapping the Note 7 smartphone.

Business

Samsung abandons production of Note 7

In a statement, the company says it has made a "final decision" to stop making its star product. It comes in the wake of reports of devices spontaneously catching fire.

In a statement, the company says it has made a "final decision" to stop making its star product. It comes in the wake of reports of devices spontaneously catching fire.

Business

No DoJ deal for Deutsche Bank

Deutsche Bank has failed to secure a speedy deal with the US Department of Justice over the misselling of mortgage-backed securities.

Deutsche Bank has failed to secure a speedy deal with the US Department of Justice over the misselling of mortgage-backed securities.

Business

Shares rise, pound drops on UK stimulus measures

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

UK finance minister Philip Hammond has welcomed the stimulus measures announced by the Bank of England; in reaction London's FTSE 100 share index rose and the pound fell in value.

Business

Monte dei Paschi bank 'about to fall out of top share listing'

Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.

Italian bank Monte dei Paschi di Siena is reportedly about to be removed from the STOXX Europe 600 index - a listing of the region's top shares.

Business

HSBC to buy back shares amid profit slump

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

HSBC.,Europe's biggest bank, just reported a 29 percent drop in pretax profits for the first half of 2016 and will buy back $2.5 billion worth of shares.

Business

No Pokemon profit boost for Nintendo - yet

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Despite the popularity of Pokemon GO Nintendo has announced an operating loss for the period from April to June.

Business

Nintendo shares double in price since Pokemon GO release

Pokemon GO continues to boost the shares of video game company Nintendo. They are now worth twice what they were when the 'augmented reality' game was released just over a week ago.

Pokemon GO continues to boost the shares of video game company Nintendo. They are now worth twice what they were when the 'augmented reality' game was released just over a week ago.

Business

Fed due to call on interest rate hike

The Federal Reserve is deep in a policy meeting and it is extremely unlikely that an interest rate rise is on the cards.

The Federal Reserve is deep in a policy meeting and it is extremely unlikely that an interest rate rise is on the cards.

Business

Bayer 'confident' Monsanto offer will be accepted

Germany's Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash trying to gain the top spot in the fast-consolidating farm supplies industry.

Germany's Bayer has offered to buy US seeds company Monsanto for $62 billion (55 billion euros) in cash trying to gain the top spot in the fast-consolidating farm supplies industry.

Business

Twitter 140 character tweet limit to end - report

Twitter won't comment on a Bloomberg report users will soon be able to write longer tweets as it plans to stop including photos and links as part of its 140 character limit.

Twitter won't comment on a Bloomberg report users will soon be able to write longer tweets as it plans to stop including photos and links as part of its 140 character limit.

Business

BP considers more spending cuts after 80 percent profit drop

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

BP has said it could reduce its capital spending further after reporting an 80 percent drop in profits in the first three months of the year.

Business

Alaska Air to buy Virgin America in 2.3 billion euro deal

Alaska Air Group says it has agreed to buy Virgin America for almost 2.3 billion euros. It wants to expand its presence on the US West Coast

Alaska Air Group says it has agreed to buy Virgin America for almost 2.3 billion euros. It wants to expand its presence on the US West Coast

Business

Barclays quits Africa as profit falls

Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.

Barclays is quitting Africa after almost a century of doing business there. The announcement came as it reported pretax profit last year was 5.4 billion pounds, down 2% on 2014.

Business

ArcelorMittal share issue to counter falling profits from cheap Chinese steel

ArcelorMittal is to issue 2.7 billion euros of new shares to reduce debt and cut costs with its profits hit by a plunge in steel prices, which the world's largest steelmaker blamed on cheap exports fr

ArcelorMittal is to issue 2.7 billion euros of new shares to reduce debt and cut costs with its profits hit by a plunge in steel prices, which the world's largest steelmaker blamed on cheap exports fr

Business

Easyjet shares down on security fears profit effects

Budget airline easyJet says travel demand was dampened by security fears late in 2015 but a recovery in bookings has put it on track to meet annual profit forecasts.

Budget airline easyJet says travel demand was dampened by security fears late in 2015 but a recovery in bookings has put it on track to meet annual profit forecasts.