Tag Archives: hits

American optimism about the economy hits an all-time high in new CNBC survey

The public’s views on the economy continue to cruise at lofty levels but the optimism does not appear to be lifting the president’s approval rating. The third-quarter CNBC All-America Economic Survey found 43 percent of the public believes the economy is excellent or good, a record high in the 10-year history of the survey. Thirty-six percent believes the economy will ... Read More »

Market Live: Nifty hits 10,100, Sensex touches 32,600 on F&O expiry, upbeat Q1 earnings

Mumbai: The benchmark BSE Sensex soared to a fresh life-time high of 32,646.21 and the NSE Nifty hit a new high of 10,106.75 on continued buying by investors driven by encouraging earnings by corporates amid positive global cues. Short-covering of bets, Thursday being the last session of July expiry in the derivatives segment, kept the sentiment upbeat. Rising for the second ... Read More »

UK car production hits 12-year high with December still to go

Britain built more cars in the first eleven months of 2016 than any full year since 2004, data from an industry body showed on Thursday, putting the sector on course to make more vehicles this year than in any other since 1999. Just over 1.61 million cars were made in the year to November, the Society of Motor Manufacturers and ... Read More »

Iceland Foods hits back at Icelandic government over trademark

The supermarket Iceland claims that the Icelandic government is “not willing to hold any serious discussion” to reach agreement in a trademark dispute. The country has launched legal action against the chain, claiming it prevents the nation’s firms from describing their products as Icelandic. Iceland Foods owns the European trademark for using the name Iceland. The company sent a delegation ... Read More »

Dow Jones hits record as rally continues

The Dow Jones hit another record high on Monday as US stocks continued to benefit from Donald Trump’s election victory. After experiencing its biggest weekly percentage rise since December 2011, the Dow Jones closed closed up 21 points, or 0.1%, to 18,868.6 points. Financial stocks helped the rally, with Goldman Sachs and JP Morgan among the biggest gainers. However, the ... Read More »

Sir Philip Green hits back at MPs on BHS

Lawyers for Sir Philip Green have accused MPs of making “very serious factual and legal errors” in their report about the BHS collapse. The review, commissioned by the retail tycoon, comes as parliament prepares to debate stripping him of his knighthood. Lord Pannick QC and Michael Todd QC call the MPs’ findings “bizarre” and “unsupportable”. They claim Sir Philip’s decision ... Read More »

VW reviews supplier strategy after dispute hits production

Volkswagen (VOWG_p.DE) Chief Executive Matthias Mueller has vowed to review the German car giant’s procurement strategy to avoid any repetition of the crippling supplier dispute that hit production at six plants this month. Still reeling from a diesel emissions scandal, VW will re-examine contracts that leave the group dependent on a single supplier after the dangers were highlighted by its ... Read More »

EU hits Apple with 13 billion euro Irish tax demand

The European Commission ordered Apple Inc. to pay Ireland unpaid taxes of up to 13 billion euros (11 billion pounds) on Tuesday as it ruled the firm had received illegal state aid. Apple and Dublin said the U.S. company’s tax treatment was in line with Irish and European Union law and they would appeal the ruling, which is part of ... Read More »

Oil hits eight-month highs on U.S. inventory draw, China imports

Oil prices rose for a third day to their highest in about eight months on Wednesday, helped by industry data showing a larger-than-expected drawdown in U.S. crude inventories, worries about attacks on Nigeria’s oil industry and strong Chinese demand. London Brent crude for August delivery was up 9 cents at $51.53 a barrel by 0451 GMT, after settling up 89 ... Read More »

UK trade deficit with EU hits new record

Britain’s trade deficit with other European Union countries is running at a record high level ahead of the referendum next month, official figures show. The latest healthcheck from the Office for National Statistics on goods coming in and going out of the UK reveal that the gap between exports and imports in the first three months of 2016 widened by ... Read More »