Select Page

Author: Erik Bowling

Ted Baker CEO exits as shares pummeled by profit warning

View original postFILE PHOTO: Shoppers walk past a Ted Baker store on Regents Street in London, Britain December 17, 2018. REUTERS/Simon Dawson/File Photo December 10, 2019 By Tanishaa Nadkar (Reuters) – Ted Baker’s chief executive and chairman quit on Tuesday as the British fashion retailer warned its full-year profit will fall more than expected and suspended its dividend due to weak Black Friday sales, sending its shares to a 16-year low. Pressure has mounted on Ted Baker’s <TED.L> management team since it disclosed a week ago that it may have overstated inventory by as much as 25 million pounds...

Read More

Ask ‘old people’ for advice, world’s oldest PM says to the youngest

View original postMalaysia’s Prime Minister Mahathir Mohamad reacts during an interview with Reuters in Putrajaya, Malaysia, December 10, 2019. REUTERS/Lim Huey Teng December 10, 2019 KUALA LUMPUR (Reuters) – Malaysia’s Mahathir Mohamad, the world’s oldest serving premier, said on Tuesday it would be a good idea for the world’s youngest prime minister, Finland’s Sanna Marin, to ask “old people” for their advice. Marin, 34, was the sole candidate for her government’s top post after the resignation of Antti Rinne following a declaration of no confidence in him by a party in Finland’s ruling coalition. “While we believe in the...

Read More

Russia and Ukraine leaders, in first talks, agree to exchange prisoners

View original postUkraine’s President Volodymyr Zelenskiy, German Chancellor Angela Merkel, French President Emmanuel Macron and Russia’s President Vladimir Putin attend a joint news conference after a Normandy-format summit in Paris, France, December 9, 2019. REUTERS/Charles Platiau/Pool December 10, 2019 By John Irish and Margaryta Chornokondratenko PARIS (Reuters) – The leaders of Russia and Ukraine agreed on Tuesday to exchange all remaining prisoners from the conflict in east Ukraine by the end of the year, but left thorny questions about the region’s status for future talks. Russia’s Vladimir Putin and Ukrainian President Volodymyr Zelenskiy, in their first face-to-face meeting, took...

Read More

European shares dip on trade uncertainty

View original postFILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, December 9, 2019. REUTERS/Staff December 10, 2019 By Medha Singh and Lisa Pauline Mattackal (Reuters) – European shares retreated for the second day in a row on Tuesday as investors stayed away from big bets in a week packed with global political and economic events, including a tariff deadline that threatens to aggravate U.S.-China trade tensions. The pan-regional STOXX 600 index <.STOXX> index lost 0.9% and was set for its worst day in a week as caution prevailed ahead...

Read More

Iran President Rouhani may visit Japan on December 19: Jiji

View original postIranian President Hassan Rouhani speaks during a session of parliament in Tehran, Iran, December 8, 2019. Official President website/Handout via REUTERS ATTENTION EDITORS – THIS IMAGE WAS PROVIDED BY A THIRD PARTY. NO RESALES. NO ARCHIVES December 10, 2019 TOKYO (Reuters) – Iranian President Hassan Rouhani may visit Japan on Dec. 19 for talks with Japanese Prime Minister Shinzo Abe, Jiji News reported on Tuesday. Abe said on Monday that Tokyo is in discussions about the visit in an attempt to try to resolve Iran’s nuclear impasse with the United States. (Reporting by Tim Kelly; Editing by...

Read More