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Sports - Els surges to second but Hurley leads at PGA National

Ernie Els, a four-time major winner trying to end a three-year title drought, fired a six-under par 65 and leaped into second place after Saturday`s third round of the PGA National. Els finished on 13-under par 200 after 54 holes, two strokes behind local favorite leader Billy Hurley, a 607th-ranked local product who fired a bogey-free 67 in search of his first PGA crown. Els achieved his first bogey-free round in 115 course tours in PGA events.

Saturday, June 25, 2016  23:57


World - Bank of England `to provide` more than £250 bn

The Bank of England `stands ready to provide` more than £250 billion of funds to aid the smooth functioning of markets after the Brexit vote, governor Mark Carney said Friday. `As a backstop, and to support the functioning of markets, the Bank of England stands ready to provide more than £250 billion ($370 billion, 326 billion euros) of additional funds through its normal facilities,` Carney said in a televised statement. `The Bank of England is also able to provide substantial liquidity in foreign currency, if required,` he added.

Friday, June 24, 2016  09:26


World - Wanyama rejoins old boss Pochettino at Spurs

Midfield enforcer Victor Wanyama became the first player from Southampton to join up with former manager Mauricio Pochettino when he signed for Spurs from their Premier League rivals on Thursday. The 24-year-old Kenyan international -- who Southampton refused to sell to Spurs last year -- will cost a reported £9 million ($13.4 million, 11.7 million euros), although with add-ons it could rise to £12 million. Wanyama signed a five-year contract and is Pochettino`s first signing of the close season, as he builds a side not only for the Premier League campaign but also the Champions League after they finished third last term.

Thursday, June 23, 2016  22:25


World - In divided Belfast, Brexit vote sows uncertainty

The Brexit vote has sown uncertainty in the still divided communities of Belfast, where memories of the conflict that tore the province apart for three decades are all too raw. Many nationalists, who support a united Ireland and do not regard themselves as British, are concerned about a return to Westminster rule minus the counterbalancing influence of Brussels. `I would definitely now vote for a united Ireland because then we d be part of the European Union - nobody trusts an English government,` said Marion Connolly, 25.

Saturday, June 25, 2016  19:39


Business - Wal-Mart rips up China online strategy, starts again with stake in Alibaba rival

By Lauren Hirsch and Adam Jourdan NEW YORK/SHANGHAI (Reuters) - Wal-Mart Stores Inc has sold its Chinese online grocery store in return for a stake in the country`s no. 2 e-commerce firm, ripping up its previous strategy in efforts to cure ailing sales in one of the world`s toughest retail markets. The deal will see the U.S. grocery giant swap its Yihaodian platform for a 5 percent stake in Inc, worth about $1.5 billion by the firm`s latest market value. The move also gives Wal-Mart a ringside seat in`s bitter rivalry with Chinese e-commerce leader Alibaba Group Holding Ltd. The sell-off, announced on Monday, is a significant shift for Wal-Mart in China, where it operates more than 400 bricks-and-mortar stores.

Tuesday, June 21, 2016  08:34


Business - Wal-Mart to sell China online unit to for a 5 percent stake

Wal-Mart Stores Inc said on Monday it plans to sell its Chinese e-commerce business Yihaodian to Chinese online retailer Inc for a 5 percent equity stake in, a strategic alliance that aims to expand WalMart`s reach in China to more customers. Under the deal, will issue about 145 million new class A shares to Wal-Mart, worth about $1.5 billion at`s current valuation. Shares of Wal-Mart rose 26 cents, or 0.4 percent, to $71.21 in afternoon New York Stock Exchange trading.

Monday, June 20, 2016  21:22


Business - Wal-Mart in talks to sell China e-commerce unit to WSJ

(Reuters) - Wal-Mart Stores Inc is in talks to sell its Chinese e-commerce business, Yihaodian, to Inc, the Wall Street Journal reported, citing people familiar with the situation. The exact terms of the proposed deal are unclear and discussions remain fluid, but one of the people said it could include a broader partnership between Wal-Mart and, according to the report. ( Wal-Mart took full ownership of Yihaodian, a smaller rival to Alibaba Group Holding Ltd and, last July to boost its presence in China`s fast-growing online market. JD. ...

Monday, June 20, 2016  13:44


World - Wal-Mart to sell Chinese online business to retailer

NEW YORK (AP) Wal-Mart is selling its Chinese online business to the country`s No. 2 e-commerce site in a strategic partnership that it hopes will bolster its presence in the extraordinarily lucrative but increasingly competitive online marketplace.

Monday, June 20, 2016  20:52


World - Wal-Mart partners with China`s No. 2 e-commerce site

NEW YORK (AP) Wal-Mart is partnering with China`s No. 2 e-commerce site as the U.S. retailer experiences some growing pains online.

Monday, June 20, 2016  18:13


Business - Wal-Mart in talks to sell China e-commerce platform to WSJ

(Reuters) - Wal-Mart Stores Inc is in talks to sell its Chinese e-commerce platform, Yihaodian, to Inc, the Wall Street Journal reported, citing people familiar with the situation.

Monday, June 20, 2016  13:19

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