Monday , 22 October 2018

Business News

World stocks push past growth worries in China, Italy

World markets rose on Monday, brushing off potential concerns about slower growth in China and a downgrade in Italy‘s credit rating over its plans to ramp up public spending. KEEPING SCORE: Germany‘s DAX added 0.6 percent to 11,624 and France‘s CAC-40 was 0.4 percent higher at 5,102. Britain’s FTSE 100 gained 0.7 percent to 7,096, while Italy’s FTSE MIB was …

Read More »

US seeking to boost LNG exports to Japan, rest of Asia

A top U.S. energy official says Asia is the center of growth in energy demand and offers a great opportunity to expand American liquefied natural gas exports. U.S. Deputy Secretary of Energy Dan Brouillette told reporters Monday that the U.S. is working with Japan and others to build facilities for U.S. LNG exports and improve their energy security. Japan is …

Read More »

Strikes begin to weigh on Ryanair's profits

Ryanair says its first-half profit fell 7 percent as Europe’s biggest discount airline faced rising costs and flight cancellations due to staff shortages and air traffic control strikes. The Dublin-based carrier says Monday that profit before one-time items fell to 1.20 billion euros ($1.38 billion) in the six months through September, from 1.29 billion euros a year earlier. Net income …

Read More »

Asian stocks gain after Chinese assurances over slowdown

Asian markets were mostly higher Monday as Chinese benchmarks rallied after officials put a positive spin on the country’s slowing economy. KEEPING SCORE: The Shanghai Composite index jumped 4.2 percent to 2,656.87 and the Hang Seng in Hong Kong surged 2.4 percent to 267,178.16. Japan‘s Nikkei 225 index reversed early losses, gaining 0.6 percent to 22,659.52 and the Kospi in …

Read More »

Cybersecurity pioneer Wysopal on startup lessons

Chris Wysopal was in his early 30s when he and his cohorts from the Boston hacker collective pals L0pht formed the early cybersecurity firm @stake. In 2006, after Symantec bought the company, Wysopal co-founded Veracode. Last year, CA Technologies acquired his 700-employee company. The Associated Press recently interviewed Wysopal, who is 52 and remains chief technology officer of Veracode. Questions …

Read More »

Chinese broadens its propaganda drive to heartland America

China’s propaganda machine has taken aim at American soybean farmers as part of its high-stakes trade war with the Trump administration. The publication last month of a four-page advertising section in the Des Moines Register opened a new battle line in China‘s effort to break the administration’s resolve. U.S. farmers are a key political constituency for Trump, and Beijing has …

Read More »

US stocks wobble at the end of another shaky week of trading

U.S. stocks gave up an early rally Friday and struggled to another mixed finish as investors continued to sell former favorites like retailers. Household goods makers rose again as a week of choppy trading concluded. Stocks surged in early trading after better-than-expected reports from companies including Procter & Gamble, American Express and PayPal. Procter & Gamble, the world’s largest consumer …

Read More »

CEO of mining company tears into analysts during rant

The CEO of a mining company exploded at short-sellers and Wall Street analysts on Friday, saying they don’t know how to read financial reports and should quit their jobs. “You guys should resign for your lack of knowledge of things,” said Lourenco Goncalves, the CEO of Cleveland-Cliffs Inc. “You are a disaster. You are an embarrassment to your parents.” Goncalves …

Read More »

Amazon reviews: Inside the murky world of pay-to-play

Jeff, a home builder in Lasalle, Illinois, said he bought a battery adapter for his cordless drill on Amazon, and it worked for about an hour before it broke. So Jeff, who asked that his last name not be used in this story, wrote a review saying just that. He said the third-party seller emailed him later, asking him to …

Read More »

Marijuana company heads to New York Stock Exchange

The New York Stock Exchange is about to get greener. Canada-based Aurora Cannabis plans to start trading on the NYSE on Oct. 23, the company announced Thursday. The move comes in spite of the fact U.S. financial institutions are still barred from doing business with marijuana companies, be it financing the businesses or accepting deposits or allowing employees to open …

Read More »