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August 18, 2015 MONEY (MSM)

Twitter says to accelerate push for content partnerships in Asia

Twitter Inc said on Tuesday it plans to accelerate its push for content partnerships in Asia Pacific and the Middle East. It has appointed a Singapore-based executive, Rishi Jaitly, to boost teams in major markets such as Australia, India, and Japan as well as to expand into Greater China and Southeast Asia, the company said in a statement. Jaitly was previously Twitter’s market director for India and Southeast Asia.

August 18, 2015 MONEY (MSM)

Greece eases capital controls for students and payments

Greeks can now transfer up to 500 euros abroad and pay more towards tuition fees under a new incremental easing of capital controls imposed in June to prevent an implosion of the country’s banking system. Under a ministerial decree issued in the Official Gazette, bank accounts can be opened for debt repayments, while up to 8,000 euros for student tuition and living expenses paid abroad are allowed per academic quarter.

August 18, 2015 MONEY (MSM)

Wal-Mart profit misses estimates; cuts outlook as pharmacy margins bite

Wal-Mart lowered its forecast for the year ending in January to a range of $4.40 to $4.70 from its outlook of $4.70 to $5.05 in February. Wal-Mart logged a 1.5 percent increase in U.S. comparable sales at stores open at least a year, raising concerns about whether it can grow revenue fast enough to compensate for increased wage and other expenses. In February Wal-Mart had flagged it would spend $1