Business

Some Of The Best Locksmith Advice You Can Use Today

Do you think you can do your own security jobs rather than hiring a locksmith? Think about the value of the property you want secure. Do you want to risk not doing the job right? Read on for great ways to find a reliable locksmith. Always get keys made by a locksmith that is close […]

Business

Shares of China Evergrande’s EV unit rise after $347 mln share sale plan

Shares of China Evergrande New Energy Vehicle Group Ltd (0708.HK)rose 11.1% to HK$3.92 on Monday, after the company said it planned to raise around $347 million in a share placement. Embattled property developer China Evergrande’s (3333.HK) electric vehicle (EV) unit said on Friday it would issue about 900 million shares, or 8.3% of the enlarged […]

Business

Sweden’s Ericsson snaps up cloud firm Vonage in $6.2 bln deal

Ericsson (ERICb.ST) on Monday agreed to buy cloud communications firm Vonage (VG.O) in a $6.2 billion all-cash deal, as the telecom gear maker moves to broaden its 5G portfolio. The deal, one of the largest in Ericsson’s history, follows its $1.1 billion purchase of Cradlepoint last year which gave it access to tools that can […]

Business

Funds ejected from soymeal shorts as futures surge

Speculators were forced to abandon short positions in Chicago-traded soybean meal last week as tightness in the U.S. market catapulted futures to the highest levels since July. Soybean meal was the only grain or oilseed in which funds recently began building sizable shorts, but they started easing up last month as supply issues began to […]

Business

Tencent boosts Prosus profit, e-commerce trading loss widens

Prosus, which owns a $175 billion minority stake in Chinese internet gaming and social media group Tencent, posted an 8% rise in first-half trading profit to $2.9 billion as revenue rose rapidly in its overall portfolio. Sometimes compared to SoftBank and its Vision Fund, Prosus NV (PRX.AS), owns stakes in a wide range of consumer […]

Business

Princes to paupers: India’s salesmen face ruin as Ambani targets mom-and-pop stores

For eight straight days, household goods salesman Vipresh Shah has failed to sell a single pack of Dettol soap to the storekeepers who have been buying from him ever since he took over his family business as a teenager, 14 years ago. Shah is an official distributor for Britain’s Reckitt Benckiser in Vita, near Sangli […]

Business

TUI sees above-average booking growth in summer 2022

Long-distance travel trends are already emerging for summer, with higher demand for trips to the U.S., Maldives, Mauritius and the Dominican Republic, it added. “The announcement of the opening of the USA to tourists alone has spurred demand. Incoming bookings already show that clearly,” said TUI Deutschland Management Board Chairman Stefan Baumert.

Business

Deeper Q3 loss for Malaysia’s AirAsia Group on lower revenue, forex moves

Malaysian budget airline AirAsia Group Bhd (AIRA.KL) reported a wider quarterly net loss on Monday, as pandemic restrictions on travel in two of three of its operating markets weighed on revenue, while it logged a foreign exchange loss. It said enhanced lockdowns and travel restrictions in Malaysia and Indonesia impacted its aviation revenue, although its […]