Fri01202017

LAST_UPDATEFri, 20 Jan 2017 10pm

May Says Wants To Avoid Brexit ‘Cliff Edge’ For Business

LONDON: Prime Minister Theresa May said on Tuesday she wanted to avoid a “disruptive cliff edge” for businesses when Britain leaves the European Union and she backed a phasing-in of changes in immigration, customs and regulation in areas such as financial services.

Read more: May Says Wants To Avoid Brexit ‘Cliff Edge’ For Business

Audi And FAW Sign China Electric Car Cooperation Deal

FRANKFURT: Volkswagen’s Audi AG said it will expand its model portfolio in China to include locally produced electric cars produced by FAW VW, handing a lifeline to China FAW Group Corp. whose brands have struggled.

Read more: Audi And FAW Sign China Electric Car Cooperation Deal

Asian Shares Down, Dollar Jumps On Yellen’s Rate Hike Signal

WASHINGTON: Asian shares edged lower on Thursday and the dollar rebounded after Federal Reserve Chair Janet Yellen hinted that interest rates in the United States could rise quickly this year.

Read more: Asian Shares Down, Dollar Jumps On Yellen’s Rate Hike Signal

Indian Government Wants Apple, But Not All Officials Are Biting

NEW DELHI: Some Indian officials have baulked at Apple’s demands for concessions before it assembles iPhones there, raising doubts about a spring deadline to launch a key project in Prime Minister Narendra Modi’s campaign to lure foreign investors.

Read more: Indian Government Wants Apple, But Not All Officials Are Biting

UK House Price Growth Slows For First Time Since July

LONDON: Britain’s housing market had its weakest month since just after June’s Brexit vote in December as house price growth slowed and the number of homes sold fell slightly, a closely watched survey of property valuers showed on Wednesday.

Read more: UK House Price Growth Slows For First Time Since July

Alibaba's Ma Says No Chance Of U.S. Trade War With China

Pic: ReutersChina and the United States are not about to be drawn into a trade war, Alibaba Executive Chairman Jack Ma said on Wednesday at the World Economic Forum (WEF) in Davos.

Read more: Alibaba's Ma Says No Chance Of U.S. Trade War With China

Netflix Adds A Third More Subscribers Than Expected; Shares Jump Eight Percent

Pic: ReutersStreaming video pioneer Netflix Inc added over a third more subscribers than expected in the last quarter of 2016, a sign of success for its ambitious global expansion that sent its shares up 8 percent in extended trading.

Read more: Netflix Adds A Third More Subscribers Than Expected; Shares Jump Eight Percent

U.S. Sues JPMorgan For Alleged Mortgage Discrimination

Pic: ReutersThe United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.

Read more: U.S. Sues JPMorgan For Alleged Mortgage Discrimination

Wall St. Set To Open Higher As Earnings Season Picks Up

Pic: ReutersU.S. stocks looked set to open slightly higher on Wednesday as investors assessed bank earnings and economic data, while awaiting Federal Reserve Chair Janet Yellen's speech.

Read more: Wall St. Set To Open Higher As Earnings Season Picks Up

Deutsche Bank Sees Fourth Quarter Pretax Impact Of $1.2 Billion From DoJ Civil Penalty

Pic: ReutersDeutsche Bank (DBKGn.DE) expects a negative impact of $1.2 billion on its fourth-quarter pretax profit from a civil monetary penalty of $3.1 billion agreed with the U.S. Department of Justice, its chief executive said in a message to staff.

Read more: Deutsche Bank Sees Fourth Quarter Pretax Impact Of $1.2 Billion From DoJ Civil Penalty