Business


FTSE 100 edges higher but profit warning hits Capita

The market duly responded, sending the shares 14% lower and changing hands at their lowest level in 10 years. Capita said it expects to report revenue of around GBP4.8 billion for the year ending December 31 and an underlying pretax profit of GBP515 million, excluding the cost of restructuring.


Betraying Pro-Worker Facade, 'Vindictive' Trump Attacks Union Leader

Betraying Pro-Worker Facade, 'Vindictive' Trump Attacks Union Leader

Jones bashed Trump on national media outlets for saying his agreement with the United Technologies unit saved more jobs in IN than it actually did. "That concerns me on a national level and worldwide level as well", Waggoner said . "Bernie, I can't thank you enough for everything you're doing", Jones said .



ECB under pressure to extend stimulus amid uncertainties

European government bond yields soared in response to the tapering implied in the announcement, with German 10-year yields reaching their highest point since January. Draghi is trying to avoid a so-called "taper tantrum" like the one set off by U.S. Federal Reserve head Ben Bernanke in 2013, when Bernanke mentioned the possibility of eventually ending Fed bond purchases.


How the Dow Jones industrial average finished Monday

How the Dow Jones industrial average finished Monday

The S&P 500 posted 52 new 52-week highs and 2 new lows; the Nasdaq Composite recorded 232 new highs and 29 new lows. "I don't think they have a lot of flexibility to do anything up or down at this stage", he said. "Relief rally has become the favorite description for the overnight trend seen in both European and USA stock markets as traders tuned back to riskier assets".


Donald Trump: Companies 'not leaving' US

Donald Trump: Companies 'not leaving' US

But for the steelworkers at the Rexnord bearings plant just a mile away, the news was bittersweet. The agreement spares about 1,000 factory workers whose jobs were going to be moved to Mexico, but roughly 1,400 workers are still slated to be laid off.



ECB says stimulus extension to support economy

Australian 10-year bonds led the advance in Asia, with yields falling by six basis points, or 0.06 percentage point, to 2.74 per cent. The decision reflects a batch of sanguine economic data out of the eurozone released in recent months, including signs that growth and inflation are finally beginning to accelerate.