Walmart is taking another crack at China’s e-commerce market by rolling out two-hour delivery services with Alibaba Group’s smaller competitor JD.com. The Bentonville, Arkansas-based supermarket chain started its online push in China in 2011.
Saxo Capital Markets UK, the UK subsidiary of Denmark’s Saxo Bank, turned to a net loss of £801,800 in 2015 from a net profit of more than £4.4 million a year earlier, despite its revenue posting a double-digit growth, indicated a filing published on Thursday.
There will be "big, bad outcomes" if the European Central Bank prematurely reduces its bond-buying program designed to support the economy, according to Bridgewater Associates founder Ray Dalio and his colleagues.
San Francisco Federal Reserve Bank President John Williams on Friday redoubled his call for raising rates soon, telling reporters after a speech here that "this year would be good" for a rate rise that he had wanted to take effect last month.
AT&T Inc. is close to an agreement to acquire Time Warner Inc. for about $86 billion, people with knowledge of the matter said, a deal that would create a media behemoth that offers TV, wireless, and the content that goes with it. The bid values Time Warner at about $110 a share.
This past Tuesday when the GBPCAD was trading near 1.6130 I commented on the idea that the pair could find selling pressure at 1.6207. This area had a significant influence on price action in 2012 and 2013 and was, therefore, a level of interest this week.
Canadian negotiators walked away from last-minute talks Friday without resolving objections raised by a small EU regional government, leading the country's trade minister to openly question whether Europe is capable of reaching a deal.
US markets closed mixed on Friday. DJIA is down by -0.09%, Nasdaq is up by 0.30% and S&P500 is down by -0.01%. European Markets closed mixed on Friday. Dax is up by 0.09%, CAC is down by -0.09% and FTSE is down by -0.09%.
A number of popular websites like Amazon and Netflix were down for some users on Friday morning in what appears to be a massive DDoS attack. A DDoS attack -- or denial of service -- is an attempt to flood a website with so much traffic that it impairs normal service.
UBS Group AG, the world’s third-biggest currency trader, said it processed a record number of currency trades during the minutes of the pound’s flash crash this month. "We processed our highest volume of trades in a minute -- it was many thousands of trades
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