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UK seeks to assuage global worries over path to Brexit | Reuters

CHENGDU, China (Reuters) - Britain’s new finance minister Philip Hammond, under pressure from his peers from around the world, said on Sunday there could be more clarity later this year on how the country will exit the European Union.<p>Britain's Chancellor of the Exchequer Philip Hammond (C) walks to …

European Union
Human Rights
Bank of America
Financial Markets

HSBC posted a big drop in profits — but its results were pretty good

HSBC said in a statement that adjusted pre-tax profits sank by 18% year-on-year to $5.4 billion in the first quarter this year. However, this <b>was still ahead of analyst expectations of $4.2 billion.</b><p>Adjusted revenue for the first three months of the year also dropped by 4% to $13.9 billion.<p>The …


Goldman targets 'mass affluent' borrowers with unusual lending plan | Reuters

NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N), the banking gold standard for the world’s elite, sees a future in less prosperous investors.<p>A screen displays the ticker symbol and information for Goldman Sachs on the floor of the New York Stock Exchange (NYSE) February 9, 2016. REUTERS/Brendan …


Mercedes to let Lewis Hamilton and Nico Rosberg off F1 leash

• Toto Wolff: ‘We owe it to Formula One to just let them race’ • Mercedes’ hands-off policy to begin at Australian Grand Prix<p>Toto Wolff’s black trousers and white shirt made him look like a boxing referee as he stood between Lewis Hamilton and Nico Rosberg here on Friday – but this season his …

Motor Racing

Porsche is crushing it in sales and sports cars have nothing to do with it

Company executives reported today that revenue and profits both surged 25% to $24 billion and $3.8 billion respectively.<p>At the same time, unit sales jumped 19% last year to 225,000 cars worldwide.<p>Thus, the company hit its goal to sell 200,000 cars globally three years ahead of schedule.<p>At the …


US stocks edge higher in early trading

NEW YORK (AP) — More positive earnings surprises from U.S. companies are helping send stocks higher in early trading.<p>Discount store operator Dollar General jumped more than 7 percent early Thursday after reporting earnings that were higher than analysts were expecting.<p>Mobile payments company Square …

Stock Markets

MORGAN STANLEY: Brexit would cause 'contagion' across Europe

American giant Morgan Stanley has become the latest to weigh in with its opinion, and its not just focusing on what will happen to Britain, but also the wider impacts across Europe.<p>In a note sent on Monday evening, Morgan Stanley analysts led by Elga Bartsch took an in-depth look at what a Brexit — …

Morgan Stanley

Asian shares track tech, consumer stocks' rally on Wall St

Shares rose in Asia on Friday after technology and consumer-focused stocks led an overnight rally on Wall Street, marking a dramatic end to the market's most volatile quarter in more than two years. Many regional markets were closed for Good Friday.<p>KEEPING SCORE: Japan's Nikkei 225 index added 1.4 …

Stock Markets

As Android Phone Profits Dwindle, Are We Heading Toward Future Of Only iPhone and Chinese Phones?

Last month I wrote about how the LG G5 is going to be South Korean electronic manufacturer LG’s “all in” move, because the company’s mobile division had a disastrous 2015 and face pressure from not just in-country rival Samsung, but Chinese original equipment manufacturers as well. In fact, my …


Economists at global bank body warn of risks from negative interest rates

Economists at a key central bank organization are warning of potential risks from the negative interest rates in place in Europe and Japan.<p>Central banks in the eurozone, Denmark, Japan, Sweden and Switzerland have alltaken rates below zero and into uncharted territory.<p>But nobody's quite sure what …

Interest Rates

Bitcoin Technology Tested In Trial By 40 Big Banks

The technology behind Bitcoin is starting to make progress on Wall Street.<p>Thursday, R3 announces that it has completed a trial in which 40 of its member banks tested five different blockchains to issue, trade and redeem a fixed-income product. The company believes that this is the largest trial on …


Germany could be Europe's next big problem

Previously, it was the debt of the eurozone's peripheral countries that was of concern to the markets.<p>But in an interview with Business Insider, Geopolitical Futures founder George Friedman said Europe had a much bigger problem: Germany.<p>And at the heart of the looming issue for Germany and Europe …


The African Billionaires 2016

There are 24 African billionaires this year, down from 28 last year. Tanzanian businessman and former politician Rostam Azizi, pharmaceuticals tycoon Stephan Saad and Ugandan real estate mogul Sudhir Ruparelia narrowly missed the cut this year. Moroccan banker Miloud Chaabi and Egyptian hotel …


The Extreme Diet of a Competitive Powerlifter (and Our Staff Photographer)

A week in the life our (very hungry) staff food photographer, Alex Lau.<p>Here at <i>Bon App</i> we get asked the question, "Do you actually eat all of the food?" all the time. The answer is "yes," we eat food like it's our job. (Because it is.)<p>But here's the thing: No one–and we mean <i>no one</i>–on our staff eats …