South African budget to set out ‘tough’ measures to repair post-Zuma economy South Africa’s finance ministry is set to spell out “tough decisions” in its 2018 budget on Wednesday to plug a revenue gap and narrow the deficit, providing an early look at how new President Cyril Ramaphosa plans to […]
local business news
Catalan corporate property market cools on political uncertainty Global pension funds, insurers and other investors are holding back on buying office space in Catalonia due to fears a split from Spain could lead to an exodus of business from the region. Corporate property in the wealthy northeast and its capital […]
Latvia in turmoil amid U.S. probe, central bank chief’s detention Latvia’s government was meeting in emergency session on Monday after one of the Baltic country’s biggest banks reeled under accusations of busting sanctions on North Korea and the central bank governor was detained by the anti-corruption agency. ABLV Bank, the […]
U.S. market gurus who predicted selloff say current calm an illusion Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they’re looking at the risks that still lie ahead in the current relative calm. The last […]
Bitcoin rises above $10,000, strategist sees new high by July Bitcoin rose above $10,000 on Thursday for the first time in more than two weeks, as investors bought back the digital currency after having fallen 70 percent from its all-time peak hit in mid-December. Bitcoin has been buffeted this year […]
Shareholder Deason sues Xerox in U.S. to block Fujifilm deal Xerox Corp (XRX.N) shareholder Darwin Deason asked a court on Tuesday to block the company’s merger with Japan’s Fujifilm Holdings Corp (4901.T), claiming the U.S. photocopier maker’s board failed shareholders by approving a deal that undervalues the company. The lawsuit […]
Walmart goes to the cloud to close gap with Amazon One of Walmart Inc’s best chances at taking on Amazon.com Inc in e-commerce lies with six giant server farms, each larger than ten football fields. These facilities, which cost Walmart millions of dollars and took nearly five years to build, […]
Icahn, Deason urge Xerox shareholders to oppose Fujifilm deal Xerox Corp’s plan to sell itself to Japan’s Fujifilm Holdings has come under further pressure with Carl Icahn and Darwin Deason urging fellow shareholders to oppose the $6.1 billion deal. The activist shareholders, who own a combined 15 percent of the […]
Waymo accepts $245 million and Uber’s ‘regret’ to settle self-driving car dispute Uber Technologies Inc [UBER.UL] will pay $245 million worth of its own shares to Alphabet Inc’s Waymo self-driving vehicle unit to settle a legal dispute over trade secrets, allowing Uber’s chief executive to move past one of the […]
Bitcoin may not be worth all the hoopla: N.Y. Fed blog post Bitcoin and other digital currencies have, so far, not been formidable competition for cash, checks or credit cards as a payment method in the United States and other major economies, according to two economists at New York Federal […]
