Stock markets - world
Troubled GE drops out of Dow Jones for first time in 110 years
20 Jun 2018
General Electric (GE) was the last original member of the Dow Jones Industrial Average, tracing its roots to Thomas Edison's light bulb business founded in the 1890s. It will be replaced on the index by drugstore chain Walgreens Boots Alliance
Amazon CEO Jeff Bezos added $5-bn to his wealth since 1 June: Forbes
19 Jun 2018
Jeff Bezos, the world’s richest man with a net wealth of $141.9 billion, is now $49-billion richer than Microsoft founder Bill Gates and $60-billion richer than Warren Buffett, the founder chairman and CEO of Berkshire Hathaway
Microsoft pips Google to become world’s third-most valuable company
01 Jun 2018
Microsoft Corporation on Wednesday emerged the third-most valuable corporation in the world, with a market cap of $753 billion, surpassing Google parent Alphabet’s market cap of $742 billion
Despite NSE suit, Singapore exchange to go ahead with Indian listings
23 May 2018
The NSE is trying to stop its Singapore counterpart from launching derivatives that could replace the Nifty 50 contracts, and the dispute could leave international investors without one of the world’s most widely used offshore futures contracts
Warren Buffet dumps IBM, buys 75 mn more Apple shares
05 May 2018
Legendary investor Warren Buffet, whose Berkshire Hathway has sold its entire stake in IBM, used the funds from the sale to buy more Apple shares
Alibaba’s Jan-March revenue vaults 61% to $9.9 bn
05 May 2018
Alibaba set a record of $768 billion in gross merchandise value, a measure of sales, in its financial year ended in March
Samsung posts record $15 bn Q2 profit as chip sales zoom
27 Apr 2018
In the mid to long term, Samsung plans to strengthen its business capabilities by delivering differentiated technologies in the component business and solidifying its lead in technologies such as AI and 5G
Bosch profit up 17% at € 5.3 bn as revenue hits record €78.1 bn
25 Apr 2018
With all business sectors contributing to the positive results, Bosh said earnings before interest and tax from operations rose 17 per cent over 2016
Alphabet’s Q1 net zooms 73% to $9.4 bn; revenues up 26% at $31.15 bn
24 Apr 2018
While Alphabet’s worldwide ad sales increased to $31.1 billion, advertisers are likely to limit ad-buying this year as they start complying with the new European policy, known as General Data Protection Regulation, say analysts
Walmart sued by ‘whistleblower’ over issuing misleading online sales data
17 Mar 2018
Walmart has vigorously denied allegations by sacked executive Tri Huynh that the retailer boosted results through unethical means to show ‘meteoric results’ in its war with Amazon for market share
Icahn’s dumping of steel stock just before Trump tariffs raises eyebrows
05 Mar 2018
Billionaire investor Carl Icahn, till recently an advisor to President Donald Trump, sold nearly 1 million shares in a company tied to the steel industry just ahead of Trump's decision to impose costly tariffs on steel and aluminium imports
Dyson revenue surges on demand in Asia
01 Mar 2018
Spotify Technology to list shares on NYSE
01 Mar 2018
Germany sits up as Li Shifu’s Geely becomes Daimler’s biggest shareholder
27 Feb 2018
Germany says it will remain "watchful" of Chinese carmaker Li Shifu-founded Geely after it became the biggest investor in Mercedes-Benz owner Daimler with a $9-bn stake. Geely Holding Group already owns Volvo Cars AB and last year it took an almost $4-billion stake in truckmaker Volvo AB. It also owns London Taxi and controls British sports-car maker Lotus Cars