wireless carrier, reported lower-than-expected quarterly results on Tuesday as promotional price cuts drove customer gains but weighed on growth.2 billion and $7.
SHANGHAI (Reuters) - More than 40 percent of goods sold online in China last year were either counterfeits or of bad quality, the official Xinhua news agency said, illustrating the extent of a problem that has bogged down the fast-growing online sector.According to the report, which was delivered to China’s top lawmakers on Monday, just under 59 percent of items sold online last year were “genuine or of good quality”, Xinhua said.
The official Purchasing Managers’ Index (PMI) was at 49.8 in October, the same pace as in previous month and lagging market expectations of 50.
6 billion) sale of its energy business to General Electric Co (GE.7 billion euros, adjusted for proceeds Alstom is reinvesting in joint ventures with the company and changes in the deal structure, among other things.
BERLIN (Reuters) - The “Made in Germany” brand has not been damaged by the Volkswagen scandal, but the carmaker needs to deal with the matter in a transparent manner, German Chancellor Angela Merkel said on Saturday in her weekly podcast.Almost six weeks after it admitted using illegal software to falsify U.
STOCKHOLM (Reuters) - House buyers in Sweden have never had it so good, at least by some measures.But cheap credit and spiraling prices may be creating a bubble - one that could send the country’s economy reeling when it bursts.
“While the PMI has stabilized, it is too early to confirm a bottoming out,” economists at ANZ Bank said in a note.8 in October, the same pace as in previous month and lagging market expectations of 50.
MILAN (Reuters) - UniCredit’s (CRDI.MI) new business plan envisages 12,000 job cuts worldwide, a source close to the matter said on Friday, indicating a larger reduction compared with 10,000 layoffs that had been expected.
PARIS (Reuters) - France’s Sephora plans to open several shops in Iran starting next year, becoming one of the first major European specialist cosmetics retailers to directly invest in the country as it emerges from years of economic sanctions.One source said Sephora was hoping to open up to seven boutiques.
Shares of the company, which also raised its full-year profit and revenue forecasts, jumped 12 percent in extended trading on Thursday.Expanded offerings helped boost revenue from the company’s Talents Solutions business, which connects recruiters and job seekers, by 46 percent in the third quarter.
MasterCard’s gross dollar volume - the total value of transactions made by customers - rose to $1.The company’s net income fell to $977 million, or 86 cents per share, in the third quarter ended Sept.
9 percent clip in the second quarter, the Commerce Department said on Thursday.6 percent pace in the second quarter.
LONDON (Reuters) - Zero is clearly not the floor for central bank interest rates, but there’s still a lower limit nearby, however shaky it may be.For anyone assuming official interest rates would not or could not go below zero, it’s been a sobering year.
ZURICH (Reuters) - UBS UBSG.VX said on Wednesday it had accepted Jes Staley’s resignation from his functions with the Swiss bank after he was appointed the new chief executive of Barclays Plc (BARC.
The industry has defied pressure to make big cuts so far, though the bottom line of steel firms is suffering and efforts to boost exports have riled rival producers in countries ranging from India to the United States.42 billion) in the first three quarters of 2015, the China Iron and Steel Association (CISA) said.
WASHINGTON (Reuters) - Boeing Co (BA.N) has been awarded a contract worth $898 million to build 15 more EA-18G Growler electronic fighter jets and associated airborne electronic attack kits for the U.
ATHENS (Reuters) - Bank of Piraeus (BOPr.AT) chairman Michalis Sallas said on Sunday he was optimistic the bank could rely on private investors to meet any capital shortfall found in baseline scenario stress tests being conducted by the ECB.
BEIJING/SHANGHAI (Reuters) - China’s ruling Communist Party opened a key meeting on Monday that will focus on financial reforms and how to maintain growth of around seven percent and more broadly map out economic and social targets for the next five years.The official Xinhua news agency, in a brief dispatch, said the meeting - formally called a plenum - had opened in Beijing.
Most other Fed voters, with the notable exception of the dovish president of the Chicago Fed, have suggested that they, like Yellen, support a 2015 rate rise.The arithmetic suggests Yellen could face as many as three dissents from her 10-member panel if she decides to raise rates at the Fed’s December meeting.