Markets


Skyscanner Bought By To A China Travel Company

China’s largest online travel agency Ctrip.com  soared 7% after reporting better-than-expected September earnings and providing a rosy outlook.Revenue for the September quarter jumped 75% from a year ago to 5.6 billion yuan, at the high…


Telenor confronts $106 million fine in Norway

Norway’s telecoms operator Telenor risks a €100 million fine for abuse of a dominant market position, the country’s competition authority warned on Wednesday. Telenor said it has received a draft decision from the Norwegian Competition…


Gold slumped on Wednesday after the durable goods report showed that US business spending continued to rebound last month.Orders for things built to last such as appliances rose 4.8%, the Census Bureau said, while business capital…



US Oil Price At $44.66 Per Barrel

Oil prices settled more than 1 percent lower on Thursday as markets recovered from shock over US President-elect Donald Trump’s victory and focused on oversupply concerns, as well as whether OPEC will decide later this…


US stocks turn higher after Trump victory

Stocks rallied on Wednesday following a chaotic night in markets that ended with a surprise victory for Donald Trump in the US presidential election The Nasdaq index was 1.1% higher at 5,251.07 points, the Dow Jones…


Sainsbury’s profits drop with 10%

Sainsbury’s has posted a 10.1% fall in first-half profits to £277m as sales continued to decline. The supermarket giant said like-for-like sales sales fell 1% in the 28 weeks to 24 September. The Argos owner…


Toshiba Raises Annual Profit Forecast

Japanese conglomerate Toshiba raised its annual operating profit forecast by 50% on Tuesday, saying it expects demand for its NAND flash memory chips to remain strong for the rest of the business year. “We expect…