August 16, 2018

Citi settles SEC charges over bad controls, supervision

Citigroup agreed to pay $10.5 million to settle two separate complaints, one relating to bad loans made by its Mexican subsidiary, Banamex, between 2008 and 2014, […]
August 16, 2018

Kroger begins tests of driverless grocery delivery in Arizona

U.S. supermarket operator Kroger Co said it will start testing driverless grocery delivery on Thursday with technology partner Nuro at a single Fry’s Food Store in […]
August 16, 2018

Turkey will emerge stronger from lira crisis, finance minister tells investors

Finance Minister Berat Albayrak assured international investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting that the country’s banks were healthy. Powered […]
August 16, 2018

Turkey’s Albayrak tells investors the country will emerge stronger

Turkish Finance Minister Berat Albayrak hosted a conference call with global investors on Thursday in a bid to reassure them that policymakers are able to tackle […]
August 16, 2018

Walmart’s second quarter sales rise most in decade, shares soar

Walmart Inc reported quarterly earnings and sales that topped estimates on Thursday, driven by strong grocery sales and a revamped website that boosted online purchases, and […]
August 16, 2018

Wall St. gains on upbeat earnings, trade talk optimism

U.S. stock indexes rose on Thursday, helped by a string of robust earnings reports, a dip in the dollar and after China said it will hold […]
August 16, 2018

J.C. Penney shares dive 25 percent on forecast cut, weak results

Shares of U.S. retail chain J.C. Penney Co Inc sank below $2 for the first time on Thursday after it forecast a wider-than-expected full-year loss and […]
August 16, 2018

Erdogan, Macron vow to boost economic ties: Turkish presidential source

Turkish President Tayyip Erdogan and French President Emmanuel Macron spoke by phone on Thursday and stressed the importance of developing economic and trade ties and boosting […]
August 16, 2018

J.C. Penney same-store sales miss estimates, shares tumble

J.C. Penney Co Inc on Thursday reported sales at established stores below analysts’ estimates as the department store chain discounted heavily to clear inventory, sending its […]
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