|Bid||0.00000 x 0|
|Ask||0.00000 x 0|
|Day's range||0.00157 - 0.00250|
|52-week range||0.00050 - 0.00661|
|PE ratio (TTM)||N/A|
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Banks must be allowed to fail once again as expectation that failing lenders would be bailed out is creating unsustainable and risky businesses, European Central Bank board member Sabine Lautenschlaeger said on Thursday. Governments spent billions rescuing banks during the financial crisi, fearing the destabilization of the entire banking system. "Banks must be able to fail," Lautenschlaeger said in a lecture at the Florence School of Banking and Finance.
AstraZeneca now expects a key lung cancer study of two immunotherapy drugs to produce overall survival results in the second half of 2018, rather than the first half. The Phase III trial, known as Mystic, ...
Automaker BMW is working with a London-based start-up to use transaction-recording technology blockchain to prove batteries for its electric vehicles will contain only clean cobalt, the start-up's CEO said. The competition is intensifying to use blockchain, the technology that underpins cryptocurrencies such as Bitcoin, to try to eliminate battery minerals produced by child labour. Cobalt is in focus because around two thirds of the world's supplies are from Democratic Republic of Congo, where roughly one fifth of cobalt is mined in unregulated artisanal mines.
Theresa May is to spell out her aims for UK-EU trade after Brexit, declaring she hopes to agree an "ambitious economic partnership" with the bloc. In a major speech at the Mansion House, in the City of London (LSE: CIN.L - news) , the Prime Minister will claim Britain will become "a champion of free trade" after Brexit.
Dutch speciality chemicals company DSM has launched the sale of its anti-infectives unit DSM Sinochem Pharmaceuticals (DSP), a potential 640 million euro ($785 million) deal, as it seeks to streamline its portfolio, people close to the matter said. DSP is a joint venture with China's Sinochem, which acquired half of DSM's pharma activities unit DAI in 2011. DSM is working with Rothschild on the divestiture, the sources said.
U.S. economic growth slowed slightly more than initially thought in the fourth quarter after the strongest pace of consumer spending in three years depleted inventories and drew in imports as businesses struggled to produce enough goods and services. Gross domestic product expanded at a 2.5 percent annual rate in the final three months of 2017, instead of the previously reported 2.6 percent pace, the Commerce Department said in its second GDP estimate on Wednesday.
Associated British Foods (LSE: ABF.L - news) said profit margins at its Primark business are set to benefit from the recent weakness of the U.S. dollar versus the pound, given that the fashion chain sources the majority of its goods in dollars from the Far East (Kuala Lumpur: 5029.KL - news) . Primark, which trades from about 350 stores in Britain, continental Europe and the United States accounts for about half of AB Foods' revenue and profit. AB Foods said Primark's operating margin in the first half of its 2017-18 financial year would be close to that of the previous year, with better buying terms virtually offsetting the adverse effect of the U.S. dollar exchange rate.
Things are finally starting to move in Britain's Brexit debate. Today UK Labour leader Jeremy Corbyn will confirm a softening of its Brexit policy by saying Britain will need a customs union with the EU once it leaves. Assuming its deputies in coming weeks back a parliamentary push by Conservative rebels who want the same, that could blow a big hole in PM Theresa May's entire Brexit plan.
McLaren expect the eyes of the world to be on them when Formula One's pre-season testing starts in Barcelona on Monday and with good reason. A year ago, the sport's second most successful team endured a nightmare that led to a split with engine partner Honda and has been chronicled in a recently released Amazon Prime documentary series. Now (Frankfurt: 11N.F - news) with Renault (LSE: 0NQF.L - news) , there is a new buzz around the Woking factory and high hopes about the striking papaya orange and blue car.
Feb 23 (Reuters) - Mega First Corporation Bhd: * QTRLY NET PROFIT 21.5 MILLION RGT VERSUS 34.6 MILLION RGT * QTRLY REVENUE 236.4 MILLION RGT VERSUS 186.3 MILLION RGT * PROPOSES A FINAL TAX-EXEMPT DIVIDEND ...
U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a chronic shortage of houses lifted prices and kept first-time buyers out of the market. The supply squeeze and rising mortgage interest rates are stoking fears of a lackluster spring selling season. "There may be some headwinds ahead for home resales with rising mortgage costs affecting how much the buyer can afford and this could put a damper on existing home sales and take some of the wind out of the economy's sails," said Chris Rupkey, chief economist at MUFG in New York.
Russia's Sergey Galitskiy has stepped down as CEO at the Magnit supermarket chain he founded and sold most of his stake to state lender VTB for about 138 billion roubles ($2.5 billion), bringing Kremlin (IOB: 0Q8D.IL - news) influence into the retail sector for the first time. Galitskiy, 50, who founded Magnit in 1994, told a news conference with VTB chief Andrey Kostin it had not been an easy decision to sell.
British telecoms regulator Ofcom said on Tuesday it could proceed with the sale of new mobile airwaves after a London court denied operator Three permission to mount another legal challenge to the rules it had set for the auction. Three, the smallest of Britain's four networks, and the biggest operator BT's EE had challenged the level of cap set by Ofcom on the amount any one operator can own, but both cases were rejected by the High Court in December. "The Court of Appeal has very firmly rejected Three's application for permission to appeal on all grounds," an Ofcom spokesman said.
The US government shut down temporarily for the second time in less than a month after a senator mounted a protest over the budget. Just three weeks ago, a similar failure to agree on a new budget in January resulted in a US government shutdown for three days, with scores of federal agencies across America unable to continue operating. Without some type of funding bill, the failure to agree on a new budget means the US government has technically ran out of money.
Scientists have succeeded for the first time in growing human eggs in a laboratory from the earliest stages in ovarian tissue all the way to full maturity - a scientific step that had previously been taken in mice. Publishing their result in the journal Molecular Human Reproduction on Friday, scientists from Britain and the United (Shenzhen: 000925.SZ - news) States said it could one day help in developing regenerative medicine therapies and new infertility treatments. In previous studies, scientists had developed mouse eggs in a laboratory to the stage where they produced live offspring, and had also matured human eggs from a relatively late stage of development.
Authorities in the US are investigating whether Apple (NasdaqGS: AAPL - news) misled investors by failing to tell them about a software update that slowed down older iPhones. The most valuable company in the world is facing a wave of class action lawsuits alleging it deceived customers by reducing processor speeds in outdated handsets - a move Apple claims was designed to stop devices abruptly shutting down. If the investigation by the Justice Department and the Securities and Exchange Commission finds Apple acted inappropriately, the lawsuits could see the company pay out millions of dollars in compensation.
FRANKFURT/LONDON, Jan 31 (Reuters) - Buyout group Sun Capital (Other OTC: CGHC - news) is launching the sale of its European packaging group Coveris Rigid, in a potential 640 million euro ($797 million) deal, as it moves ahead with the split of the company into four units, people close to the matter said. First (Other OTC: FSTC - news) -round bids for the Rigid unit, which makes plastic packaging for the food, beverage, healthcare and agriculture sectors, are due by the end of February, one source said. Sun Capital declined to comment.
U.S. President Donald Trump said he had not intended to cause offence in Britain by sharing anti-Muslim videos originally posted by a leader of a far-right fringe group, and that he would apologise if such people were horrible racists. Trump told ITV (Frankfurt: A0BLQP - news) 's Good Morning Britain show he knew nothing about the group but that he was the "least racist person that anybody's going to meet" and that his retweet was not an endorsement.
Chinese aluminium production jumped by 15 percent in December, with full year output at a record 32.27 million tonnes. This is something of a surprise, given the closure of "illegal" capacity ...
The decline in home sales reported by the National Association of Realtors on Wednesday followed three straight months of strong increases. Inventory constraints dogged the housing market last year against the backdrop of robust demand, largely driven by a labor market that is near full employment. Economists expected supply to remain tight this year, which together with rising mortgage rates could result in modest home sales growth in 2018.
The dollar slid to three-year lows against a basket of major peers on Wednesday on worries about the protectionist agenda expected to be pursued by U.S. President Donald Trump in a speech later this week. The greenback has already come under selling pressure in recent weeks, on the view that the U.S. Federal Reserve is no longer the only game in town when it comes to tighter monetary policy, as growth in other regions - in Europe in particular - picks up speed. The latest bout of weakness emerged after White House officials said on Tuesday that Trump would use his speech to the World Economic Forum in Davos on Friday to stress his "America First (Other OTC: FSTC - news) " policies.
Britain's departure from the European Union offers an historic opportunity for Deutsche Boerse to expand its business and to secure a larger portion of the euro clearing business, the exchange's new chief executive said on Monday. Theodor Weimer assumed the helm of the German stock exchange at the start of the year aiming to open a new chapter after the Deutsche Boerse was beset by an insider trading scandal, a failed merger with its London counterpart and a profit warning.
BP's Singapore-based trading unit has signed a deal to buy 1.1 million tonnes of liquefied natural gas a year for seven years from Oman LNG, after BP helped push up Omani gas production. The signing on ...
Former Manchester United winger Ryan Giggs has vowed to win over doubting fans with success on the pitch after being appointed manager of Wales on a four-year contract on Monday. The 44-year-old takes over from Chris Coleman, who led Wales to the Euro 2016 semi-finals but quit the job in November to take charge of English Championship (second tier) side Sunderland. It will be the first major managerial role for a player who won 64 caps for Wales between 1991 and 2007 but was unpopular with some supporters for missing many internationals, especially friendlies.
Dozens of fake security apps which secretly stole data from users have been discovered on and subsequently removed from Google Play. It is not known how many people could have downloaded these apps before Trend Micro's researchers informed Google, and they were subsequently removed from Google Play. Google did not respond to enquiries from Sky News.