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As Profit Rebounds on Iron Ore Rally, Rio Tinto Rewards Investors

After the world’s second-biggest mining company reported the first gain in annual profit since 2013, Rio Tinto Group will pay a much higher dividend than expected and buy back $500 million of shares.   London-based Rio said on Wednesday that higher iron ore prices boosted underlying profit...

Sources say in the First Half of This year, Japan's Sharp may break ground on $7 billion U.S. plant

Taking the lead on a project initially outlined by its Taiwanese parent Foxconn, Japanese display maker Sharp Corp may start building a $7 billion plant in the United States in the first half of 2017, several media reported quoting a person with knowledge of the plan.   The Japanese Prime...

With the New Florida Site, SpaceX to Hit Fastest Launch Pace

The president of Space Exploration Technologies, better known as SpaceX, said that once a new launch pad is put into service in Florida next week, the company plans to launch its Falcon 9 rockets every two to three weeks, its fastest rate since starting launches in 2010.   It was just five...

To Cope with Ring Fencing Regulations, Barclays to Overhaul Back Office Operations

To help it comply with new post-crisis rules forcing British banks to ring-fence their retail operations from their riskier business, Barclays Plc is about to overhaul its back office operations under a restructuring program.   The bank said that when both of its two main operations are...

U.S. Judge Rules Google Must Turn Over Foreign Emails, Unlike Microsoft,

While in a case concerning Microsoft Corp, a federal appeals court that reached the conclusion which entailed the authorities not getting permission to search warrants to access digital details of consumers, in a similar case a U.S. judge has ordered Google to comply with search warrants seeking...

Suzuki and Toyota Close to Development and Procurement Tie-up: Nikkei

Sources in the Japanese car industry have confirmed that agreement on a comprehensive partnership covering areas such as development and procurement is very near between Toyota Motor and Suzuki Motor, Nikkei  reported.   While specific points of cooperation would be spelled out later,...

Expected Changes in Key Visa program Makes Facebook Vulnerable

According to a Reuters analysis of U.S. Labor Department filings, the most vulnerable to U.S. President Donald Trump’s expected crackdown on guest-worker visas would be Facebook Inc among Silicon Valley’s top tech employers.   Giving the social media leader a legal classification as a H-1B...

Snap Promises Little but Shoots for the Sky in its $3 Billion IPO Pitch

Outlining aggressive expansion plans but offering new investors no say on how the company is run and no promise of profits, Snapchat owner Snap Inc shot the opening salvo in its $3 billion initial public offering.   Focusing on its rapid growth of active users, looking past its widening...

Facebook Sees Spending up in 2017 as it Eases Past Wall Street Estimates

Demonstrating that controversy over so-called "fake news" and inaccurate advertising measurements had little impact on its financial performance, Facebook Inc cruised past Wall Street's earnings and revenue expectations with strong growth in its mobile ad business.   The company showed no...

Strong Revival in iPhone Sales Helps Apple Defy Wall Street

Boosting revenues with a strong showing for its new, top-of-the-line iPhone 7 Plus and beating out rival Samsung in units shipped for the holiday quarter, Apple Inc reclaimed the throne as the world's top smartphone seller for the first time in five years on Tuesday.   Sending Apple Inc.’s...

French gift box leader Wonderbox to take on the world

The French leader Wonderbox, specialized in gift boxes has established itself as the main provider in its home country of France. After several years of consolidation, it's turning its sights on neighboring countries and the world. It is now the leader in all of the markets it plays in, save Italy...

For Serious Anti-Money Laundering Control Failings, British Regulator FCA Fines $204 Million on Deutsche Bank

For practicing inadequate anti-money laundering controls, a new $204 million fine has been imposed on the German lender Deutsche Bank.   Between January 2012 and December 2015, Deutsche Bank exposed the U.K.'s financial system to the risks of financial crime, the British regulator...
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