Blog Profile / Business Report

Filed Under:Business & Finance
Posts on Regator:27895
Posts / Week:97.3
Archived Since:June 8, 2011

Blog Post Archive

Samsung offices raided

Seoul - South Korean prosecutors raided the offices of Samsung Group on Wednesday, a prosecution official said, after media reports of alleged links with a confidante of President Park Geun-hye who has been indicted in an influence-peddling...Show More Summary

VW bets on new tech to bounce back

Wolfsburg - Volkswagen aims to be the world leader in electric cars by 2025, brand chief Herbert Diess said on Tuesday, as the German car giant shifts its focus to clean-energy vehicles after the dieselgate emissions cheating scandal. “By...Show More Summary

India’s cash chaos by numbers

Mumbai - Serpentine queues spilling from banks. Parents worried that they can’t provide for their families. Prime Minister Narendra Modi appealing to Indians to bear the pain for just a little while longer. These pictures continue to...Show More Summary

Instagram keeps pressure on Snapchat

San Francisco - Facebook-owned Instagram ramped up the pressure on Snapchat on Monday, adding ephemeral live video broadcasts and vanishing direct messages. “Send anything you want, from inside jokes to your worst selfies,” Instagram...Show More Summary

Experts urge reforms after ‘Panama Papers’ saga

Panama City - Panama needs to immediately boost transparency and regulation of its financial sector to shake off its reputation - deepened by the “Panama Papers” scandal - of being a hub for tax evasion, a report released on Monday said. “Decisions,...Show More Summary

Think before you click the ‘buy’ button

London - Nearly a third of online shoppers may be tempted to put themselves at risk of fraud during the frenzy to grab a Christmas bargain, research has found. Financial Fraud Action UK (FFA UK) is urging consumers to be vigilant against...Show More Summary

Branson’s Virgin to fund campaign to stop Brexit?

London - Richard Branson’s Virgin Group is to help bankroll a campaign set up in secret by Blairite former ministers and advisers to derail Brexit, The Independent can reveal. An email seen by The Independent highlights the scale of backing the group has already secured. Show More Summary

New world order for banks

New York - After regulation and low yields made the world of banking quite dull following the financial crisis, things are about to get more interesting. According to a new note from analysts at Macquarie Group, it's time to "shift exposure" in the financial sector as the outlook looks much different in the post-election world. Show More Summary

Obama stands up for free trade

Lima, Peru - US President Barack Obama on Sunday defended free trade as fellow Asia-Pacific leaders vowed to fight protectionism after Donald Trump's shock election victory sparked fears for the future of global commerce. Trump's triumph...Show More Summary

Facebook to create 500 jobs in London

London - Facebook will open a new London headquarters next year and create another 500 jobs, the social network said on Monday, despite uncertainty over Brexit. The group said the move will take its UK workforce to 1 500 staff, adding...Show More Summary

Mara Delta enters €50m Mauritian leaseback deal

Johannesburg - Mara Delta Property Fund announced on Friday that it planned to invest €50 million (R762m) in Beachcomber Hospitality Investments Limited (BIHL) in a sale and leaseback deal in Mauritius. Its share price rose 2.72 percent to close at R18.49 on the JSE on Friday. Show More Summary

VW to cut costs by shedding 30 000 jobs

Frankfurt, Germany - Volkswagen on Friday announced plans to cut 30 000 jobs in a wide-ranging restructuring of its namesake brand as it tries to recover from a scandal over cars rigged to cheat on diesel emissions tests. The GermanShow More Summary

Facial-recognition startup grabbed by Facebook

San Francisco - Facebook on Wednesday said that it has bought facial-recognition startup FacioMetrics, potentially using the technology for photo or video effects to better challenge rival Snapchat. “How people share and communicateShow More Summary

AOL trims jobs ahead of Yahoo buy

San Francisco - Verizon-owned internet firm AOL said on Thursday it is trimming jobs as part of a restructuring plan making priorities of mobile, video and data. AOL did not disclose the number of layoffs planned, but a source closeShow More Summary

Top trade ideas for 2017 from Goldman Sachs

New York - Wondering how to invest in a year marked by President-elect Donald Trump's inauguration, China's attempts to keep growth both high and sustainable, and the continued rise of populism in Europe? Goldman Sachs Group, with aShow More Summary

Microsoft leaders to see pay tied to diversity gains

San Francisco - Microsoft on Thursday said it is looking to link some executive pay to team diversity gains as part of a drive to increase the number of women and minority workers. “We have the opportunity to create enduring, long-lasting...Show More Summary

BHP expects coal surge to cool off

Mining titan BHP Billiton expects soaring prices of iron ore and coking coal to moderate. ||| Melbourne - BHP Billiton, the world’s biggest miner, expects soaring prices of iron ore and coking coal to moderate even as China pushes ahead with efforts to restructure its steel sector. Show More Summary

OLED: Apple could face supply challenge

Supply constraints may force Apple to use OLED in just one version of the next-generation iPhone. ||| San Francisco - Apple has big plans to outfit its next iPhone with vibrant, energy-sipping organic LED displays, seeking to entice consumers with new technology that’s already been embraced by other high-end smartphone makers. Show More Summary

Anglo suspends operations at Chile mine

Miner Anglo American is implementing an evacuation plan for 1 500 workers at its Los Bronces mine in Chile. ||| Santiago - Global miner Anglo American said on Wednesday it was suspending all operations at its Los Bronces copper mine in central Chile after protesters seized installations at the mine earlier in the day. Show More Summary

Dimon in line for job in Trump’s team?

JPMorgan Chase & Company CEO Jamie Dimon has been linked to a high-level job in Donald Trump’s administration. ||| New York/Washington - Conflicting information on whether JPMorgan Chase & Company Chief Executive Jamie Dimon could become...Show More Summary

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