Business

Foxconn lowering offer for Japan’s Sharp: Yomiuri

Foxconn lowering offer for Japan’s Sharp: Yomiuri

Taiwan's Foxconn is lowering an offer for loss-making Japanese electronics maker Sharp Corp (6753.T) from an initial plan of 489…
Starwood signs first US-Cuba hotel deal since 1959 revolution

Starwood signs first US-Cuba hotel deal since 1959 revolution

Starwood Hotels & Resorts Worldwide (HOT.N) on Saturday became the first US hotel company to sign a deal with Cuba…
Egypt’s central bank to hold FX auctions once a week – bankers

Egypt’s central bank to hold FX auctions once a week – bankers

Egypt's central bank will from now on hold one foreign currency auction per week on Tuesdays, when it will sell…
Apple to bring witnesses to hearing on locked iPhone: US prosecutors

Apple to bring witnesses to hearing on locked iPhone: US prosecutors

The US government and Apple Inc will be able to cross-examine the other's witnesses in a court hearing next week…
After Motiva split, Saudi Aramco aims to buy more US refineries

After Motiva split, Saudi Aramco aims to buy more US refineries

Saudi Arabia's national oil company wants to buy more US refining and chemical plants to expand its footprint in the…
Euro zone PMIs, Asian and African central banks on steady course

Euro zone PMIs, Asian and African central banks on steady course

As central bank rhetoric turns more dovish, investors will search for further hints of easing in a week with few…
Auto franchises most likely to increase prices: newspaper

Auto franchises most likely to increase prices: newspaper

A number of automobile franchise big names have concurred that car prices will likely rise steeply as a result of…
SEC says Amazon should allow shareholder vote on gender pay

SEC says Amazon should allow shareholder vote on gender pay

Amazon.com Inc should allow shareholders to vote on a proposal on gender pay equality, the US securities regulator decided this…
Sharm el-Sheikh hotel occupancy at 17%: investors

Sharm el-Sheikh hotel occupancy at 17%: investors

Hotel occupancy in the resort town of Sharm el-Sheikh currently stands at around 17 percent, according to a group of…
Oil hits 2016 high above US$42 on production and demand outlook

Oil hits 2016 high above US$42 on production and demand outlook

Oil rose above US$42 a barrel on Friday, hitting its highest this year and extending a rally into a fourth…
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