Dish revenue rises as it earns more per pay-TV user
(Reuters) – Dish Network Corp reported a 3.6 percent rise in quarterly revenue as it earned more per user in its core pay-TV business, making up for a fall in subscribers.
Banks prepare defense for anti-Wall Street campaigns: WSJ
(Reuters) – Top executives from the biggest U.S. banks, concerned about anti-Wall Street rhetoric that is already bubbling up on the 2016 campaign trail, are working to push back against the prevailing narrative that “banks are bad”, the Wall Street Jo…
Volvo Cars picks South Carolina to supply toughening U.S. market
PARIS/DETROIT (Reuters) – Sweden’s Volvo Cars has chosen a site in South Carolina for a $500 million investment in its first U.S. plant, it said on Monday, targeting a bigger share of the increasingly competitive North American premium market.
Greece says deal will be ‘difficult’ at Eurogroup meeting
ATHENS (Reuters) – Finance Minister Yanis Varoufakis acknowledged that a deal to ease Greece’s cash crunch was not likely at a meeting of euro zone finance ministers later on Monday despite progress in talks with lenders on some issues.
Australia to crack down on alleged tax avoidance by 30 multinationals
SYDNEY (Reuters) – The Australian government on Monday announced a world-leading crackdown on alleged tax avoidance by 30 multinational companies in a move that could force the likes of Apple Inc and Microsoft Corp to restructure their businesses to es…
Greece weighs on Europe, China cut keeps shares steady
LONDON (Reuters) – China’s interest rate cut kept shares worldwide near record highs on Monday, though euro zone bourses, bonds and the euro were pegged back by a lack of progress in resolving Greece’s financing woes.
China crude imports to pick up as storage, buyers emerge
SINGAPORE (Reuters) – China’s appetite for crude oil is expected to pick up later this year as storage comes online and new buyers emerge, even after its inbound shipments surpassed United States imports last month for the first time, traders and analy…
Toshiba shares skid 17 pct on accounting probe; $2.5 billion wiped off market value
TOKYO (Reuters) – Fears over Toshiba Corp’s second probe into its own accounting in two years wiped close to $2.5 billion off the Japanese industrial giant’s market value on Monday, with analysts saying lingering doubt on the root of the problem will k…
Chinese smartphone market, world’s largest, shrinks in first-quarter: study
BEIJING (Reuters) – China’s smartphone market has reached saturation, according to a new study by industry analyst IDC that carries potentially significant implications for the global handset industry led by giants like Apple Inc and Samsung Electronic…
India picks private banker KV Kamath as first BRICS bank head
NEW DELHI (Reuters) – India has named private banker K.V. Kamath as the first head of a new development bank being set up by the BRICS group of emerging market economies, Finance Secretary Rajiv Mehrishi told reporters on Monday.
