Financial and business
news

Fill the form below and get the best and quickest payday loan specialy for you

You quick and easy cash is waiting. Select your city, how much money you need and a lender which is ready to pay. Fill the form with your personal data. Funds will be deposited directly to your bank account.

GM to Take $7 Billion Write-Down as a Result of U.S. Tax Overhaul

GM to Take $7 Billion Write-Down as a Result of U.S. Tax Overhaul

General Motors said 2017 pretax profit last year ended up at the high end of its previous forecast, but disclosed it will take a $7 billion write-down on deferred-tax assets stemming from the sweeping tax-overhaul bill passed last month.

Published 2 days ago

‘Deeply disappointing’: GE takes $6bn charge from legacy insurance portfolio

‘Deeply disappointing’: GE takes $6bn charge from legacy insurance portfolio

General Electric will take a $6.2bn post-tax charge after a review of a legacy insurance portfolio, it said on Tuesday.

Published 1 second ago

Citigroup reports first annual loss since 2009 on $22bn charge

Citigroup reports first annual loss since 2009 on $22bn charge

Citigroup has swung to its first annual loss since 2009 after the Republican tax reforms forced the US bank to take a $22bn accounting hit, one of the biggest such charges in corporate history.

Published 1 second ago

Ford eyes savings ‘in every part’ of its business

Ford eyes savings ‘in every part’ of its business

Top executive says more cuts are needed at the carmaker to compete with global rivals

Published 1 second ago

Saudi Arabia struggles to check extremism in schools

Saudi Arabia struggles to check extremism in schools

Flagship education scheme suspended after claims it was hijacked by Islamists

Published 1 second ago

GE Expects $6.2 Billion Charge After Reviewing Insurance Reserve

GE Expects $6.2 Billion Charge After Reviewing Insurance Reserve

General Electric said it expects a $6.2 billion after-tax charge in its fourth quarter after reviewing GE Capital’s runoff insurance portfolio.

Published 2 days ago

Just Another Day for Bitcoin—a 20% Plunge

Just Another Day for Bitcoin—a 20% Plunge

The price of bitcoin plunged by as much as 20% amid concerns about tighter regulation, with the volatile virtual-currency falling below $12,000 for the first time since early December.

Published 2 days ago

China disrupts web access for global groups as censorship bites

China disrupts web access for global groups as censorship bites

Companies fear being forced on to expensive platform surveilled by Beijing

Published 1 second ago

BP to take further $1.7bn charge for Deepwater Horizon disaster

BP to take further $1.7bn charge for Deepwater Horizon disaster

Gulf of Mexico oil spill continues to weigh on finances, bringing total above $65bn

Published 1 second ago

For Business, Donald Trump’s First Year Is a Net Success

For Business, Donald Trump’s First Year Is a Net Success

The tax overhaul that President Trump signed into law last month capped a year in which his initiatives on taxes, regulation—and many of his public pronouncements on the economy—have been broadly welcomed by business, even though his relationship with CEOs has sometimes stumbled.

Published 2 days ago

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims

BP to Book $1.7 Billion Charge for Deepwater Horizon Claims

BP said it would take a $1.7 billion charge in its fourth-quarter earnings because of settlement claims related to the 2010 disaster in the Gulf of Mexico.

Published 2 days ago

Battle Stations: U.S. and China Prepare for Trade Clash of the Titans

Battle Stations: U.S. and China Prepare for Trade Clash of the Titans

A trade war between the U.S. and China would be more bruising and protracted than the battles that raged in the 1980s over Japanese exports, and would risk taking down the entire global trading architecture.

Published 2 days ago

Five Potential Risks to the Oil Rally

Five Potential Risks to the Oil Rally

Oil prices are trading near three-year highs, but many analysts say the rally may have gone too far, too fast. With Brent crude settling above $70 a barrel on Monday, new risks are emerging for an industry that is still reeling from a long downturn.

Published 2 days ago

Google Plans to Expand Huge Undersea Cables to Boost Cloud Business

Google Plans to Expand Huge Undersea Cables to Boost Cloud Business

Google is expanding its sprawling network of undersea cables to plug into new regions around the world, in a bid to speed up its cloud-computing business and catch up to rivals Microsoft Corp. and Amazon.com Inc.

Published 2 days ago

The Momentum Game Has Returned to the Stock Market

The Momentum Game Has Returned to the Stock Market

For the first time since the 2008 financial crisis a simple strategy of buying the stocks that had already gone up the most delivered a remarkable outperformance last year. Is it a sign of excess or the start of a new bull run?

Published 2 days ago