January 17, 2019

Britain’s RBS seeks investor backing for share buyback plan

Royal Bank of Scotland will consult with shareholders on plans to buyback shares owned by the British government using excess capital to accelerate a return to […]
January 17, 2019

Volatile market hits Morgan Stanley’s trading, wealth management

Morgan Stanley’s quarterly profit fell short of expectations as bond trading revenue slumped more than rivals and its wealth management business faltered, sending its shares down […]
January 17, 2019

Lampert wins Sears bankruptcy auction with $5.2 billion bid

Sears Holdings Corp Chairman Eddie Lampert won a bankruptcy auction to buy the once iconic U.S. retailer after presenting an improved offer of $5.2 billion, Sears […]
January 17, 2019

Trade war shifts feed for U.S. hogs away from ethanol byproduct

A steep downturn in U.S. ethanol output linked to the trade war with China is raising costs for American farmers who feed a byproduct of the […]
January 17, 2019

Hitachi halts UK nuclear project as energy supply crunch looms

Japan’s Hitachi Ltd put a $28 billion nuclear power project in Britain on hold on Thursday, dealing a blow to the country’s plans for the replacement […]
January 17, 2019

Banks turn stocks red, pound finds some peace

Concern over China’s economic outlook and possible U.S. tariffs on European cars dragged stocks lower on Thursday, while an anti-climactic end to the latest chapter in […]
January 17, 2019

Wall Street slips at open after Morgan Stanley results

U.S. stocks dipped at open on Thursday, retreating from one-month highs, hit by losses in financial stocks after Morgan Stanley’s weak results and energy shares hurt […]
January 17, 2019

China calls proposed U.S. legislation against Huawei, ZTE ‘hysteria’

China’s Foreign Ministry said on Thursday that proposed U.S. legislation targeting Huawei, ZTE and other Chinese telecommunications equipment companies was due to “hysteria”, and urged U.S. […]
January 17, 2019

Gloomy forecast for Davos: crises aplenty, but few world leaders

An array of crises will keep several world leaders away from the annual World Economic Forum in Davos next week, which takes place against a backdrop […]
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