Tag Archives: in

UK trade deficit shrinks in July

The UK trade deficit, which reflects the difference between imports and exports, shrank to £4.5bn in July from £5.6bn the previous month, the Office for National Statistics (ONS) said. The narrowing of the gap reflected a 2% increase in exports of goods and services, taking them to £43.8bn. Imports fell by 0.5% to £48.3bn. Although the pound fell sharply after ... Read More »

China August Imports Rise for First Time in Nearly Two Years

China’s imports unexpected rose in August for the first time in nearly two years while exports fell at a more modest pace, suggesting demand at home and abroad may finally be perking up and putting the world’s second-largest economy on a more balanced footing. Exports fell 2.8 percent from a year earlier, the General Administration of Customs said on Thursday, ... Read More »

Vodafone, Idea Cellular in ‘exploratory’ mega merger talks: Report

Telecom majors Vodafone and Idea Cellular are speculated to be undertaking “exploratory” talks for a mega merger, which, if executed, will create the biggest telecom firm in India. Despite both the companies denying rumours of a merger, CNBC-TV18 cited insider sources to suggest the possibility of a merger after the two telcos have assessed the challenges and opportunities of such a ... Read More »

TOP 10 CITIES FOR WOMEN-OWNED BUSINESSES IN AMERICA

The financial website WalletHub wanted to know what places offered the best environment for women entrepreneurs . So it looked at the 100 largest metropolitan regions in the country. It compared them across 10 key metrics, indicating friendliness toward female entrepreneurs, and included measures such as average revenue growth of women-owned businesses, presence of women’s business centers and industry variety ... Read More »

Yum to sell a stake in its Chinese holdings

Yum Brands is selling a stake in its Chinese division to Primavera Capital and Ant Financial as the company prepares to separate the Chinese unit from the main business. Primavera Capital, will pay $410m (£308m) and Ant Financial, an affiliate of Alibaba, will invest $50m. The new investors will have the option to buy an additional 4% stake. Yum, the ... Read More »

WMT appoints second partner in three months

WMT is continuing its recent growth spell with the appointment of Paula Jeffs as Private Client Partner. This is the firm’s second partner appointment in three months. Paula worked for WMT as a senior private client adviser between 2007 and 2013 and has returned to lead its personal tax team, which has expanded steadily over the last two years. A ... Read More »

UK private sector activity increased 8% in the three months to August, CBI says

The private sector activity in the country saw a modest gain in the three months to August, a recent survey by the Confederation of British Industry (CBI) has revealed. The latest CBI Growth Indicator showed that this sector had grown at 8% during this period. While headline growth did not ease further, there was a mixed performance among sectors, a ... Read More »

Labor wins votes in lower house to force Coalition to debate banking inquiry

The Turnbull government has lost its first votes on the floor of the House of Representatives as Labor intensified its political attack on the prime minister and the Coalition using the spearhead of the banking royal commission. Labor moved on Thursday night to bring a motion calling for a banking royal commission that had cleared the Senate earlier in the ... Read More »

HSBC executive pleads not guilty in U.S. over forex scheme

A senior HSBC Holdings Plc executive pleaded not guilty on Monday to charges that he participated in a fraudulent scheme to front-run a $3.5 billion (2.67 billion pounds) currency transaction by one of the bank’s clients. The plea on wire fraud and conspiracy charges by Mark Johnson, a British citizen who at the time of his arrest last month was ... Read More »

Deutsche Bank chief calls for mergers in Europe

The head of Deutsche Bank made a rare public call on Wednesday for cross-border mergers in Europe, weeks after Germany’s flagship lender scraped through regional stress tests. John Cryan’s remarks will likely spur further discussion about the future of the struggling bank, although he was quick to throw cold water on reports that Deutsche examined a merger with Commerzbank – ... Read More »