October, 2016

• 25 October

  Ratan Tata vows ‘stability’ after shock sacking

  

    AFP Family patriarch Ratan Tata sought to reassure rattled investors of stability at India’s biggest conglomerate Tuesday after the sudden sacking of chairman Cyrus Mistry sent Tata company shares falling. Seventy-eight-year old Tata has taken interim charge of the sprawling $100 billion tea-to-steel Tata Group, after Mistry was abruptly dumped on Monday evening, four years after being appointed chairman. ...

  Read More »
• 25 October

  USA rules wheat market as France, Canada suffer

  

    Bloomberg The US will capture a higher share of the global wheat market this season as poor weather that’s hurt French and Canadian crops helps the second-largest exporter step up shipments from a 44-year low last season. US wheat exports are forecast to rebound 26 percent in the year that began June 1 to 26.5 million metric tons, according ...

  Read More »
• 25 October

  German economy to pick up as business confidence improves

  

    Bloomberg Germany’s economy is on track for more robust growth. Business confidence rose to the highest level in more than two years in October, the Munich-based Ifo institute said on Tuesday. This adds to signs of renewed growth momentum in Europe’s largest economy, after uncertainty related to the U.K.’s vote to leave the European Union contributed to a temporary ...

  Read More »
• 25 October

  Moscow airport mulls $865mn expansion

    Bloomberg Moscow’s Sheremetyevo airport, the largest in Russia, has invested $865 million into building a new terminal and expanding its operations ahead of the 2018 World Cup, its chief executive said on Tuesday. “We can say with certainty that the construction is moving along according to our deadlines and ahead of schedule in certain cases,” Sheremetyevo’s CEO Mikhail Vasilenko ...

  Read More »
• 25 October

  Anglo boosts diamond, iron-ore production

    Bloomberg Anglo American Plc said diamond production rose in the third quarter, as the industry continued to rebound. The company maintained full-year forecasts for most of the commodities it produces, while saying its Kolomela iron-ore mine will marginally exceed its goal. Third-quarter output of the gems climbed 4 percent to 6.3 million carats from 6 million carats a year ...

  Read More »
• 25 October

  EU-Canada trade deal in limbo as Belgium withholds consent

  

    Bloomberg Europe’s ability to sign trade deals with the rest of the world was thrown into doubt after Belgium’s government said it had failed to persuade its regional parliaments to sign up to a proposed pact between the European Union and Canada. Despite weeks of talks, Belgium Prime Minister Charles Michel said he hadn’t convinced the Socialist-controlled, French-speaking region ...

  Read More »
• 25 October

  Global stocks mostly rise on upbeat economic data

  

    SEOUL / AP Global stocks mostly rose on Tuesday amid upbeat economic reports and relatively strong corporate earnings. KEEPING SCORE: Britain’s FTSE 100 added 0.4 percent to 7,015 while France’s CAC 40 gained 0.1 percent to 4,555. Germany’s DAX rose 0.3 percent to 10,795. Stock futures showed that Wall Street was set for a tepid start. Dow and S&P ...

  Read More »
• 25 October

  Banking shares buoy Saudi; EFG Hermes gains on US expansion

  

    Reuters Banking shares boosted Saudi Arabia’s stock market on Tuesday while the majority of other Gulf markets sagged on uninspiring quarterly results. Egypt recovered sightly, but investors remain anxious over dollar shortage woes. The Saudi stock market index gained 1.5 percent, its fifth consecutive session of gains as all 12 of the listed lenders advanced. Bank Aljazira was the ...

  Read More »
• 25 October

  Big tech-media mergers raise privacy concerns

  

    Washington / AFP They know how you browse the internet, your favorite TV shows and where you shop and travel. Data collected by internet and media companies is a powerful tool, and the big mergers planned by AT&T with Time Warner and Verizon with Yahoo offer those firms more data that can be used to target consumers with content ...

  Read More »
• 25 October

  Blurring effect comes to iPhone 7 Plus

  

    NEW YORK / AFP Apple’s iPhone 7 Plus is getting a new camera capability — the blurring of backgrounds to focus attention on people or other objects in the foreground. Apple first announced the “portrait mode” feature in September but it wasn’t available until the company released its iOS 10.1 software update on Monday. It replicates an effect typically ...

  Read More »