News / BusinessAugust 8, 2017

Oil slides as output rises at Libya's largest oil field

  Oil prices fell as much as 2 percent on Monday on selling triggered by a rebound in production from Libya's largest oil field, along with worries about higher output from OPEC and the United States.   [...]
News / BusinessAugust 8, 2017

World stocks tick up to record high; oil slips

  A measure of equity markets across the world climbed to a record high on Monday, boosted by gains in Asia, while U.S. and European markets were little changed, with U.S. energy shares capping gains on the [...]
News / BusinessAugust 8, 2017

Asia stocks subdued as China trade disappoints

  Asian shares turned mixed on Tuesday as disappointing Chinese trade data clouded an otherwise bright outlook for global growth, leaving currencies and commodities becalmed in summer doldrums.   [...]
News / BusinessAugust 8, 2017

Worldpay granted second deadline extension for Vantiv deal

  British payments firms Worldpay said on Tuesday that the deadline for its long-awaited deal with U.S. suitor Vantiv has been pushed back by yet another four days as the two companies need more time to reach a [...]
News / BusinessAugust 8, 2017

Myth of opposition unity just a chimera: Omar Abdullah

  Myth of opposition unity just a chimera: Omar AbdullahFormer Jammu and Kashmir chief minister Omar Abdullah has hinted at the BJP returning to power in the 2019 general elections, saying the "myth” of opposition [...]
TechnologiesAugust 8, 2017

Prosecutors seek 12-year sentence for Samsung's Lee Jae-yong

South Korean prosecutors are seeking a 12-year jail sentence for Samsung Electronics vice-chairman Lee Jae-yong. Mr Lee is facing charges over his alleged role in a bribery scandal which led to the ousting of the [...]
News / BusinessAugust 8, 2017

Walmart heirs win battle for cycling brand Rapha

Upmarket cycling clothes brand Rapha has been bought by the grandsons of Walmart founder Sam Walton. Steuart and Tom Walton and their firm RZC Investments will now own a controlling stake in the business. [...]
BusinessAugust 8, 2017

Bitcoin soars to record high value

  Bitcoin's value has jumped to a record high, following a month of turmoil. The virtual currency reached $3,451.86 (£2,651) per coin in Monday trade, according to the Coindesk Bitcoin Price Index.   [...]
News / BusinessAugust 8, 2017

Tesla plans to raise $1.5bn to produce new Model 3

US electric car manufacturer Tesla plans to raise $1.5bn (£1.15bn) to fund production of its new Model 3 car. Tesla will raise the money by selling bonds to professional investors, despite the company having [...]
BusinessAugust 8, 2017

Softbank may park cash in Uber or Lyft

  Softbank's chief executive has said he is considering investing in Uber or Lyft, as the company eyes a move into the US ride-sharing market.   [...]