Monthly Archives: April 2016

Deutsche Bank net profit falls 58%; Billionaire Carl Icahn sells out of Apple; South Africa’s big malls, souring economy

1 Deutsche Bank net profit falls 58% (San Francisco Chronicle) Deutsche Bank saw net profit fall 58 percent in the first quarter as turbulent financial markets deterred client activity and the bank pressed ahead with a costly restructuring of its … Continue reading

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US Fed keeps interest rates on hold; Galaxy helps Samsung profit jump 14%; Shopping may turn possible on social media

1 US Fed keeps interest rates on hold (BBC) The US Federal Reserve has kept interest rates between 0.25% and 0.5%, the rate it has held since December. The Fed said while conditions have improved, the central bank is still … Continue reading

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Apple’s revenue drops, first time in 13 years; Twitter earnings fall, shares plunge; Power crisis forces two-day work week in Venezuela

1 Apple’s revenue drops first time in 13 years (Sam Thielman, Rupert Neate & Alex Hern in The Guardian) Apple shares dropped after the company reported a nearly 13% fall in quarterly sales, the first time revenue at the world’s … Continue reading

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Scandal puts pressure on Mitsubishi; Finally, countries agree to cool the earth; India’s 18,000 judges and 30 million cases

1 Scandal puts pressure on Mitsubishi (Straits Times) Mitsubishi Motors is unlikely to issue an earnings forecast for the current financial year when it announces annual results this week, due to uncertainty about the financial impact of its misleading fuel … Continue reading

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German automakers face huge costs, new probe; Don’t blame Panama for the Panama Papers; German beer law marks 500 years

1 German automakers face huge costs, new probe (San Francisco Chronicle) It’s been a bad week for German automakers. Volkswagen said that a diesel emissions-cheating scandal would cost it an astounding $18.2 billion just for 2015, while Daimler revealed that … Continue reading

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China seizes biggest share of global exports in nearly 50 years; Decriminalise all drugs, say world leaders; India drought hits 330 million

1 China seizes biggest share of global exports in nearly 50 years (Straits Times) Chinese exporters have found a silver lining in weak global demand by seizing market share from their competitors – good news for China but an expansion … Continue reading

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Japan exports, imports fall; Intel to cut 12,000 jobs; The problem with negative interest rates

1 Japan exports, imports fall (San Francisco Chronicle) Japan’s exports fell for a sixth straight month in March, sapped by weak shipments of machinery and chemicals, though a sharper decline in imports helped push the trade surplus to its highest … Continue reading

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