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The results of the company display strength in the country's consumer economy that is being driven by an increasing base of affluent young consumers. Bloomberg analysts expected revenue of Dollars 17.77 Billion and earnings of USD 1.68 per share. The 41pc growth announced on Wednesday was the weakest Alibaba had recorded in three years.
  • Operational meeting: Renault-Nissan alliance to meet Thursday in Amsterdam

    Operational meeting: Renault-Nissan alliance to meet Thursday in Amsterdam

    Markets

    Nissan CEO Hiroto Saikawa, a former protege of Ghosn who led the investigation into his former boss, said he intends to step down in coming months after reforming the poor governance he believes weakened the company. Bloomberg said the SEC usually has enforcement authority over ADRs. "That's rare", Dessaint said, suggesting that by doing so, Ghosn was hoping to benefit immediately from any pre-discussed "golden handshake".
  • British MPs vote for new Brexit talks with Brussels over Irish backstop

    British MPs vote for new Brexit talks with Brussels over Irish backstop

    Markets

    British Prime Minister Theresa May appears to have accepted that the divorce deal her government spent two years negotiating with the European Union can not win the approval of her own country's lawmakers as written. The pound is vulnerable to swings Tuesday as traders tweak positions ahead of votes by lawmakers to change Theresa May's Brexit plan. But the amendment appears likely to have support from the majority of MPs, with the Labour frontbench set to back the amendment if it is ...
  • U.S. slaps sanctions on Venezuela's state-owned oil firm

    U.S. slaps sanctions on Venezuela's state-owned oil firm

    Markets

    The sanctions on Petroleos de Venezuela, S.A., or PDVSA, will block 7 billion U.S. dollars in assets and could result in a loss of 11 billion dollars in sales next year, U.S. The move is consistent with the Trump administration's efforts to starve Maduro of oil money, while still blunting the potential impact on USA refiners and US motorists, said Jim Lucier, managing director of Washington, D.C.
  • Israel sends aid for Brazil mine disaster

    Israel sends aid for Brazil mine disaster

    Markets

    The confirmed death toll rose to 37 bodies found by yesterday morning, the fire department reported. The dam's breach flooded parts of the southeastern state of Minas Gerais with mining debris and mud, which covered the city of Brumadinho, according to footage from CNN affiliate Record TV.
  • Huawei charged with fraud and money laundering

    Huawei charged with fraud and money laundering

    Markets

    A grand jury in NY separately returned an indictment for 13 additional crimes allegedly committed by Huawei , a US subsidiary ( Huawei USA), and an Iranian affiliate (Skycom). "The charges unsealed today clearly allege that Huawei intentionally conspired to steal the intellectual property of an American company in an attempt to undermine the free and fair global marketplace", said Wray.
  • Israel recognizes Venezuelas opposition as official government

    Israel recognizes Venezuelas opposition as official government

    Markets

    Venezuelan President Nicolas Maduro on Sunday oversaw a display of the military's Russian weapons in what he said was a show of the army's loyalty and willingness to defend the country. The Australian Government has recognised Venezuela's Opposition Leader, Juan Guaido, as the country's legitimate leader. The former bus driver and union leader cruised to victory after blocking the main opposition candidates from running.
  • Former Starbucks CEO Howard Schultz Is Considering An 'Independent' Run For President

    Markets

    It left some Democrats anxious that Schultz will hand over re-election to Trump. Schultz told Scott Pelley his views on immigration, climate change, health care and the 2018 tax cut. Politico reported this past summer that the bid would also pose a risk to Starbucks, where Schultz was CEO from 1986-to-2000 and 2008-to-2017. The Washington state Democratic Party posted a picture of a Starbucks cup with a handwritten plea: "Don't do it, Howard!" "One reason my colleagues and I are ...
  • Truck driver wins $300 million, quits job same day

    Truck driver wins $300 million, quits job same day

    Markets

    After winning a Poweball jackpot of $298 million, a Brooklyn truck driver is trading his truck for a red Porsche. A colleague informed him that the winning ticket was bought at the gas station where he often refueled. As for his first purchase? Johnson played the lottery on December 26, 2018, with the numbers 5-25-38-52-67, and Powerball 24. Johnson's lottery win is the second largest in NY history.
  • Draghi: Eurozone faces economic downturn, more stimulus needed

    Draghi: Eurozone faces economic downturn, more stimulus needed

    Markets

    Powell's declaration that "there is no pre-set path to policy" suggested the Fed might hold off on rate increases that had been expected for this year, amid increased market turbulence. The British parliament will debate and vote on Prime Minister Theresa May's Brexit "plan B" on January 29, and the U.S. Federal Reserve concludes a two-day policy setting meeting on January 30.
  • Aide says Trump OK with second shutdown over border spat

    Aide says Trump OK with second shutdown over border spat

    Markets

    Democrats say a wall would be too costly and ineffective. Food and Drug Administration Commissioner Scott Gottlieb wrote Saturday on Twitter that the agency would send back pay to staffers no later than Thursday. He says Trump agreed to reopen the government for three weeks to give Democrats a chance to negotiate. "An aid to former Republican House Speaker John Boehner, Michael Steel, noted that Trump missed the opportunity to get what he wanted prior to what is now considered to be an ...
  • Memos: Facebook allowed 'friendly fraud' to profit off kids

    Memos: Facebook allowed 'friendly fraud' to profit off kids

    Markets

    Glynnis Bohannan let her 12-year-old son use her credit card to play the game Ninja Saga on Facebook , but the initial fee of $19.95 mushroomed into charges totaling almost $1,000. But this week, newly released court documents have outlined even more victims of the social network's deception: young gamers, and their parents. Facebook employees knew this.