Loeb says Japan’s Seven & I should shut more stores: Nikkei
TOKYO (Reuters) – Activist investor Daniel Loeb urged Japanese retailer Seven & I Holdings Co Ltd to shut more unprofitable department stores, in an interview with the Nikkei newspaper on Monday.
Japan’s negative rates a looming headache for central bank
TOKYO (Reuters) – Driving interest rates below zero, the Bank of Japan has turned a comatose government bond market into an enormous free-for-all, complicating the central bank’s own efforts to kick-start growth and end deflation.
Qatar’s Al Jazeera network laying off 500 employees
DOHA (Reuters) – Qatar’s Al Jazeera broadcasting network is laying off about 500 employees or more than 10 percent of its staff, it announced on Sunday reflecting financial pressures on the tiny Gulf state due to low global prices for oil and natural g…
British EU exit campaign backed by 250 business leaders
LONDON (Reuters) – The campaign for Britain to leave the EU has been backed by 250 business leaders including the former chief executive of HSBC, the Vote Leave group said on Saturday, hoping to counter the view that UK businesses back staying in the b…
Pakistan, Iran aim to boost trade to $5 billion
ISLAMABAD (Reuters) – Pakistan and Iran aim to increase annual trade volumes between the two countries to $5 billion by 2021, Pakistani Prime Minister Nawaz Sharif said on Saturday.
Sharp, Foxconn to sign deal next week: sources
TOKYO (Reuters) – Sharp Corp and Taiwan’s Foxconn are set to sign a takeover deal next week after repeated delays, with the two sides set to agree on a smaller bailout than originally planned for the troubled Japanese electronics maker, two sources fam…
Microsoft meets with private equity over Yahoo deal
Healdsburg, CALIFORNIA (Reuters) – Microsoft Corp executives are in early talks with potential Yahoo Inc investors about contributing to financing to buy the troubled Internet company, a person familiar with the situation said.
U.S. approves $3.2 billion sale of Boeing P-8A patrol planes to UK
WASHINGTON (Reuters) – The U.S. government has approved the sale of up to nine Boeing Co P-8A Poseidon maritime patrol planes to Britain in a deal valued at up to $3.2 billion, the U.S. Defense Department said Friday.
Consumers prop up U.S. economy, but profits under pressure
WASHINGTON (Reuters) – U.S. economic growth slowed in the fourth quarter, but not as sharply as previously estimated, with fairly strong consumer spending offsetting the drag from efforts by businesses to reduce an inventory overhang.
Economic data could put stocks back on higher path
NEW YORK (Reuters) – The March U.S. employment report and other key economic numbers next week could help U.S. stocks resume their recent winning path as long as that data hits the sweet spot: Not strong enough to add to worries about further interest …
