Business

Eurozone economy grows twice as fast as UK's, figures show

Eurozone growth as a whole rose twice as fast as in Britain, where gross domestic product was up 0.3 per cent in the last quarter. Growth in the eurozone accelerated slightly in the second quarter of 2017 as Europe's tentative economic recovery remained on track, official European Union data showed on Tuesday (Aug 1).

Business

Rory McIlroy will have best man on bag for WGC-Bridgestone, PGA

Last week, JP Fitzgerald nearly forced his way into golf folklore at Royal Birkdale. He told Derek Lawrenson of the Daily Mail , "JP kept me positive out there, so that was very much appreciated". In June, Phil Mickelson split with his caddie of 25 years, Jim "Bones" Mackay. He is yet to win in 11 events this year, with a runner-up spot at the South Africa Open in January still his best showing, although he hinted at a return to form by finishing tied for fourth at the Open .

Business

Sprint posts first profit in three years and customer gains

Most of the rumors around a Sprint merger so far have centered around Charter or T-Mobile US Inc . The company has been exploring deal options with T-Mobile US Inc but faces the hurdle of reaching an agreement on price as well as getting the deal approved by regulators.

Business

HSBC sees Brexit costs of up to US$300m

The global banking giant said Monday that net profit for the quarter rose 57% to $3.87 billion from $2.47 billion in the same period a year earlier. HSBC is to buy back $2 billion of its shares after reporting a 5 per cent rise in half-year profits, and said repurchases of its stock could become a regular feature in the future.

Business

Markets make new records amid expectation of rate cut by RBI

The Nifty rallied 23.95 points, or 0.23 per cent, to a new record high of 10,101.05, knocking off its previous intra-day high of 10,085.90 it touched yesterday. USA stocks ended mixed overnight as stable oil prices, strong earnings reports and subdued sovereign bond yields helped investors shrug off political and geopolitical tensions.

Business

Russia Seizes US Properties Over Sanctions, Orders Cuts to Embassy Staff

The Senate voted 98-2 to approve the sanctions bill that cleared the House earlier this week. Russian President Vladimir Putin said Thursday that Moscow will ultimately have to respond to sanctions imposed by the United States that he condemned as insolent towards Russia.


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