Business

LONDON (Reuters) – The London Stock Exchange (LSE.L) raised 15 billion pounds ($20.28 billion) from 106 initial public offerings (IPOs) in 2017, a 63 percent increase compared to last year and the highest level for three years. Money raised from the exchange’s listings was up 164 percent compared to 5.7 billion pounds in 2016, the
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(Reuters) – Facing lawsuits and consumer outrage after it said it slowed older iPhones with flagging batteries, Apple Inc is slashing prices for battery replacements and will change its software to show users whether their phone battery is good. In a posting on its website Thursday, Apple apologized over its handling of the battery issue
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(Reuters) – Wall Street’s main indexes rose in thin holiday trading on Thursday, helped by gains in technology stocks. Apple APPL.O was the biggest driver of the three indexes, with the high-flying FANG stocks – Facebook, Amazon, Netflix and Alphabet – also contributing to the rise. Gains in commodity prices, lower U.S. bond yields and
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NEW YORK (Reuters) – U.S. stocks eked out a slight gain on Wednesday, as advances in some major technology stocks offset losses in energy and helped keep major indexes just above the unchanged mark. The S&P technology index was up 0.2 percent and managed to snap a five-session losing streak, its longest since April. The
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WASHINGTON (Reuters) – Contracts to buy previously owned homes edged higher in November, boosted by job growth across a strengthening economy. The National Association of Realtors said on Wednesday its pending home sales index rose to a reading of 109.5, up 0.2 percent from October. Economists polled by Reuters had forecast pending home sales falling
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(Reuters) – The original owner of the Baha Mar Resort, BML Properties Ltd, has filed a $2.25 billion lawsuit alleging a “massive fraud” by the Chinese contractor of the luxury hotel and casino project in Nassau, the Bahamas, that opened its doors in April after years of delays. The 259-page complaint, filed in state court
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BERLIN (Reuters) – Volkswagen (VOWG_p.DE) will report excellent group results this year, its chief executive said, helped by expected record vehicle sales and by spending cuts. The carmaker’s popularity with motorists appears to have weathered the storm following the emissions scandal of September 2015, which has cost Volkswagen (VW) billions of euros in fines and
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(Reuters) – Vice Media co-founders issued an apology on Saturday, saying the Millennial-focused media company had allowed a “boy’s club” atmosphere that included sexual harassment to flourish. Vice Chief Executive Officer Shane Smith and co-founder Suroosh Alvi released a statement after the New York Times published a story outlining four settlements by the company involving
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PINGYANG, China/SHANGHAI (Reuters) – Li Mingjie is a pet industry investor’s dream. The 23-year-old e-commerce worker spares little expense to make his pooch happy. “I’ll happily splash out on my dog,” Li told Reuters as he walked his brown poodle Coco in Pingyang, a town on China’s east coast. “She is like a child to
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SAN FRANCISCO (Reuters) – Investors saddled in 2017 with the market’s worst performers, including Under Armour and General Electric, may do well to remember as December draws to an end that lumps of coal sometimes turn into diamonds. As investment advisors rebalance clients’ portfolios in the final weeks of the year, the instinct to dump
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(Reuters) – Nike Inc’s (NKE.N) growth in international markets helped the company’s quarterly profit and sales beat Wall Street estimates on Thursday, but a drop in gross margins indicated severe price competition in North America, its largest market. Shares of the world’s largest footwear maker were marginally down at $64.36 in after-market trading. Nike’s second-quarter
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SYDNEY (Reuters) – Asian markets offered a muted reception on Thursday to the passage of U.S. tax cuts as benefits to company bottom lines were already baked into stock prices, while bonds were spooked by the blowout in government debt needed to fund the giveaways. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped
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Amar explained that scammers now went to great lengths to dupe their victims, going so far as holding conferences and seminars. — Picture by Hari Anggara   KUALA LUMPUR, MALAYSIA, Dec 19 — Over 1.3 million Malaysians lost over RM5.9 billion to fraudulent investment schemes this year alone, police disclosed today. Investigators have identified at
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TOKYO (Reuters) – Asian shares edged up slightly on Wednesday, shrugging off Wall Street’s losses as the long-awaited U.S. tax reform bill wound its way through Congress, while higher Treasury yields underpinned the dollar. MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS inched up 0.1 percent, and Japan’s Nikkei stock index .N225 was slightly
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