EU plans to tax Internet giants
A scrap among European Union countries over a proposed tax on tech giants is set to resume on Tuesday, when finance ministers try to strike a balance between luring business […]
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US Trade war hit Japanese earnings companies
Half of major Japanese companies fell short of the market’s profit forecasts for the April-September period as the U.S.-China trade war took its toll, with Chinese businesses also feeling the […]
Apple reports records Q4 results
Apple beat on earnings and revenues, but weak guidance hit the stock—here’s what three experts had to say Apple beat on earnings and revenues, but weaker guidance hit the stock—here’s […]
SNB reported Q3 loss
The Swiss National Bank (SNB) reports a loss of CHF 7.8 billion for the first three quarters of 2018. A valuation loss of CHF 3.7 billion was recorded on gold […]
Facebook Q3 earnings higher than expected
Mark Zuckerberg admitted that Facebook “may be close to saturated in developed countries” as the social media giant posted a 33% increase in revenue. The results fell short when it […]
S&P warns: no-deal Brexit could mean UK recession
S&P’s scenario shows that property prices would drop and inflation would rise to more than 5 percent. The agency also said it might downgrade the UK’s credit rating, which would […]
IBM close the deal to acquire Red Hat for $34 bn
Computing giant IBM has leapfrogged rivals Amazon and Microsoft to become the largest hybrid cloud provider with a $34bn deal to buy software company Red Hat. The 107-year-old US company […]
IMF approved $50 bn to help Argentina
The International Monetary Fund executive board on Friday approved a $56 billion loan package for Argentina to help stabilize the crisis-battered country’s economy. The country secured a $50 billion IMF […]