Tag Archive: Kristine l Ming

May 22

Scottish Power lands US wind farm deal

Image copyright Thinkstock Image caption Wind power is expected to be the fastest growing renewable energy source in the coming decades Scottish Power has won the right to build two offshore wind farms in the US which it says could eventually power 400,000 homes. The two sites combined are more than double the size of …

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May 22

Church of England fund sees ‘stellar’ returns

Image copyright Getty Images The Church of England’s investment success has pushed it into the top ranks of the world’s best performing funds of its type last year. The fund made a 17.1% on its 2016 investments, more than double the 8.2% it made in 2016, according to the Church Commissioners annual report. The Church …

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May 22

Ex-RBS boss Fred Goodwin to face investors in court

Image copyright Reuters Image caption Former RBS boss Fred Goodwin was dubbed “Fred the Shred” for his aggressive cost-cutting Former Royal Bank of Scotland boss Fred Goodwin is expected to face investors in court later for the first time since the bank’s near collapse in 2008. Some 9,000 people who lost money on shares are …

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May 21

Alibaba revenues jump 60% as Chinese growth continues

Image copyright AFP Image caption Jack Ma founded Alibaba in 1999 Revenue at e-commerce giant Alibaba jumped 60% in the first three months of the year, powered by a growing customer base in China. More than 450 million Chinese shoppers used its sites during the quarter, with the average annual spending up by about a …

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May 21

Brazil’s stock market plunges after corruption claims

Image copyright Getty Images Brazil’s Bovespa stock market was briefly halted as investors reacted to corruption allegations against Brazilian President Michel Temer. Stocks plunged more than 10% at the start of trading, prompting circuit breakers to kick in and halt dealings. President Temer was forced to deny a newspaper report that he had given consent …

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May 21

TPP trade deal will continue without Trump

Image copyright TIMOTHY A. CLARY Image caption The controversial trade pact was dealt a blow when the US ditched the deal Asia-Pacific trade ministers have agreed to resuscitate the controversial Trans-Pacific Partnership (TPP) trade deal, despite US President Donald Trump abandoning it. Mr Trump signalled in January he would block the passage of the 12-nation …

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May 21

Greece adopts more austerity measures in bailout bid

Image copyright Getty Images Image caption Petrol bombs were thrown at police outside parliament in Athens Greece’s parliament has approved a new package of austerity measures needed to release the next instalment of its multi-billion-dollar bailout. The tax rises and further cuts to pensions were sought by Greece’s foreign creditors. As MPs voted, anti-austerity protesters …

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May 21

FTSE 100 rebounds and sterling rises

Image copyright Getty Images London’s main share index has notched up its fourth straight week of gains. having recovered some of the ground lost in the past two days. At the close on Friday, the FTSE 100 was up 34.29 points at 7,470.71. The FTSE fell on Wednesday and Thursday as markets were hit by …

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May 21

Foot Locker shares plunge after weak sales

Image copyright MIGUEL MEDINA/AFP/Getty Image caption Adidas sold a must-have trainer last year Investors dumped Foot Locker like a stinky pair of trainers after the firm reported slow quarterly sales. The New York athletic-wear chain said sales in the February-to-April period rose 0.5% from 2016 at stores open at least a year. The news sent …

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May 20

London City first in UK to get remote air traffic control

Media captionRichard Westcott has visited London City Airport’s new control centre, 120 miles from the landing strip London City is to become the first UK airport to replace its air traffic control tower with a remotely operated digital system. Instead of sitting in a tower overlooking the runway, controllers will be 120 miles away, watching …

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