Tag Archives: rise

Infosys shares rise on reports co-founder Nilekani may return to board

Shares in Infosys rose for a third straight day on Thursday, following reports that former chief executive Nandan Nilekani could return to the board to help the software services exporter ride out its latest controversy. The board has been locked in a dispute for months with the company’s founders, led by former chairman Narayana Murthy, who have accused the directors… Read More »

Tesco hails ‘strong progress’ as sales rise

Tesco has reported a rise in Christmas sales, helped by strong demand for fresh food. Christmas like-for-like sales, which strip out the impact of new store openings, grew 0.7% in the UK, and were up by 0.3% across the group as a whole. Chief executive Dave Lewis said the supermarket giant had made “sustained strong progress”. But Tesco… Read More »

Takata shares rise on US airbag settlement reports

Shares of Japanese airbag manufacturer Takata have risen on reports it will settle a lawsuit with US regulators. The firm is expected to pay up to $1bn (£822m) and plead guilty to criminal wrongdoing over faulty airbags, which have been linked to at least a dozen deaths and more than 100 injuries. Most major carmakers have been affected… Read More »

Jaguar Land Rover and Rolls-Royce car sales rise

Jaguar Land-Rover and Rolls-Royce Motor Cars have both reported a rise in annual sales for 2016. Rolls-Royce delivered 4,011 cars to customers in 2016, a 6% increase on the previous year and its second highest sales record in its 113-year history. Jaguar Land-Rover (JLR) sold a record 583,312 cars last year, a 20% increase on last year. There… Read More »

U.S. jobless rate falls to nine-year low, payrolls rise

The U.S. unemployment rate fell to a nine-year low of 4.6 percent in November, as employers added another 178,000 jobs, making it almost certain that the Federal Reserve will raise interest rates later this month. The unemployment rate hit its lowest level since August 2007 because more people found work but also because the labor force shrank as… Read More »

Brexit boost for superyacht industry as sales rise above sinking pound

Britain’s superyacht industry is weathering the Brexit storm with the sector reporting its highest level of confidence in the wake of the EU referendum – although choppier waters could be on the horizon. Fresh figures released by British Marine and Superyacht UK on Monday show that revenue rose 11.5 per cent to £605m in 2015/2016, marking the industry’s fourth consecutive year of… Read More »

Wall Street steady despite rate rise fears

US stocks stemmed their losses amid jitters on global markets that the Federal Reserve could raise US interest rates as soon as next week. In early trading in New York, the S&P was flat at 2,128.52 and the Nasdaq was also little changed at 5,124.23. The Dow Jones dipped 0.2% to 18,055.25. The three indexes fell by about… Read More »

China August Imports Rise for First Time in Nearly Two Years

China’s imports unexpected rose in August for the first time in nearly two years while exports fell at a more modest pace, suggesting demand at home and abroad may finally be perking up and putting the world’s second-largest economy on a more balanced footing. Exports fell 2.8 percent from a year earlier, the General Administration of Customs said… Read More »

China August Imports Rise for First Time in Nearly Two Years

China’s imports unexpected rose in August for the first time in nearly two years while exports fell at a more modest pace, suggesting demand at home and abroad may finally be perking up and putting the world’s second-largest economy on a more balanced footing. Exports fell 2.8 percent from a year earlier, the General Administration of Customs said… Read More »

Facebook Says Government Data Requests Continue to Rise; India, US Top List

Facebook said Thursday it had received 13 percent more government requests for user data in the second half of 2015, with more than 46,000 requests worldwide. The leading social network, in its twice-annual “transparency report,” said the number of items “restricted” for violating local laws more than doubled compared to the prior six-month period, to 55,827. “Overall, we… Read More »