|Wednesday, March 29, 2017

Business News

Wells Fargo introduces cardless ATMs across US in digital push

NEW YORK, Mar 23: Starting on Monday, Wells Fargo & Co depositors can withdraw money using a smartphone at any branded ATM, the latest sign of U.S. lenders moving away from traditional brick-and-mortar banking. Jonathan Velline, Wells Fargo’s head of ATM and store strategy, said that the San Francisco-based bank decided to apply the smartphone technology to all of ...Full Article

Healthcare bill woes could cause stocks correction: Blackstone’s Wien

NEW YORK, Mar 23: Hurdles to getting a key U.S. healthcare bill approved could precipitate a correction for stocks, said Byron Wien, veteran investor and vice chairman of Blackstone ...Full Article

China’s ZTE Corp pleads guilty in US court in sanctions case

NEW YORK, Mar 23: Chinese telecom equipment maker ZTE Corp on Wednesday pleaded guilty in U.S. federal court in Texas for conspiring to violate U.S. sanctions by illegally shipping ...Full Article

New route to attract more Chinese tourists, says AirAsia

LANGKAWI, Mar 22: Low-cost carrier, AirAsia Bhd, expects its new Langkawi-Shenzen route to boost the number of tourists from China to here. Its Chief Executive Officer, Aireen Omar, said ...Full Article

Ringgit retreats in early trade

KUALA LUMPUR, Mar 22: The ringgit erased yesterday’s gains to open lower, in early trade, on mild selling pressure against the backdrop of more dovish-than-expected monetary policy from the ...Full Article

Asian stocks pull back on fresh doubts about Trump policies

HONG KONG, Mar 22: Asian stocks fell on Wednesday as a sharp pullback in Wall Street on doubts about Donald Trump’s economic agenda prompted investors to rush to safe ...Full Article

Nike’s revenue misses estimates as rivals gain ground

REUTERS, Mar 22: Nike Inc reported lower-than-expected quarterly revenue on Tuesday as the world’s largest footwear maker battles for market share in North America with a resurgent Adidas AG ...Full Article

Andrew Puzder to step down as CKE fast-food CEO in April: company

REUTERS, Mar 22: Andrew Puzder, who withdrew as nominee for U.S. Labor Secretary in the new Trump administration, is stepping down as chief executive of CKE Restaurants Holdings Inc ...Full Article

Uber board backs CEO Kalanick, still looking for chief operating officer

SAN FRANCISCO, Mar 22: Uber Technologies Inc plans to keep co-founder Travis Kalanick as chief executive following a series of damaging events at the ride services company, a member ...Full Article

Lazada Malaysia ‘overtakes’ Lazada Singapore

KUALA LUMPUR, Mar 21: Lazada Malaysia has overtaken Lazada Singapore to become Southeast Asia’s fastest-growing e-commerce platform in the past nine months. Lazada Malaysia Chief Executive Officer, Hans-Peter Ressel, ...Full Article
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