Markets
Street: West Midlands rail franchise award a 'game changer' for region
Smart ticketing will be rolled out across the network and more than 800 new digital information screens will be installed at 150 stations to provide real-time information, with a new mobile phone app providing live information on train loading to help passengers avoid the most crowded services. [Full Article...]
Blue Apron posts loss in first quarterly report since debut
But that increase lagged the 42 percent growth in revenue in the preceding quarter, Blue Apron said , as it cut back on marketing. Total revenue climbed almost 18 pct to $238.1 million, edging past analysts' expectations of $235.8 million, according to Thomson Reuters I/B/E/S. [Full Article...]
Disney filing reveals details of BPI-ABC settlement
Dan Webb, one of BPI's attorneys, told CNN that even $177 million would rank as the largest settlement ever paid out in a media defamation lawsuit in USA history. Both ABC and BPI released statements after the settlement was reached. There's a dollar figure we can now attach to the BPI-ABC News settlement. "ABC made us an offer that we just could not refuse", Roth said. [Full Article...]
Shares slip, yen and gold gain as Korea tensions escalate
Some investors are on edge after U.S. President Donald Trump warned North Korea of "fire and fury ". But while investors appeared to favor safe-haven assets, some bargain seekers helped Wall Street's three major indexes pare losses. The euro slid 0.6 percent to 128.92 yen, and fell 0.1 percent against the dollar to $1.1735. The Swiss franc was on track for its biggest daily gain against the e... [Full Article...]
Rising North Korea Tensions Rattle Markets; Treasuries Rise
Mike van Dulken, head of research at Accendo Markets, said: "Equities are nursing losses thanks to an unwelcome escalation in geopolitical tensions between the USA and North Korea , both trading nuclear threats that have awoken volatility from its slumber and seen risk assets shunned in favour of the traditional safe havens". [Full Article...]
Global shares mostly lower on rising unease over North Korea
North Korea went further with its threat to the US by providing detailed plans about how it plans to launch missile strikes on the US-Pacific territory of Guam. USD/JPY (¥109.84) fell to a fresh two-month low of ¥109.65, while USD/CHF was lower by over -1% to test below €0.9630, while EUR/CHF cross edged away from its recent three-month highs atop of €1.15 to dip below the psychological €1.13 le... [Full Article...]
Toshiba Wins 'Qualified' Auditors' Approval to Avoid Tokyo Stock Exchange Delisting
Toshiba Corp.'s auditors signed off, belatedly, on its earnings Thursday, meaning the embattled Japanese electronics and nuclear company will likely avert delisting, for now. Toshiba is still mired in legal wrangling with joint venture partner Western Digital of the US, which is opposing Toshiba's attempt to sell its computer memory chip business to gain the cash it needs to survive. [Full Article...]
Korea tension triggers run to safety; stocks off, gold up
But despite the largest percentage drop in over a month on a global equities index, U.S. equities ended only slightly lower as healthy corporate earnings and a recent string of strong economic data enticed investors into beaten-down stocks. [Full Article...]