Markets

by | July 27, 2019 | 07:58

However, politicians could scrutinise the deal as many are fearful that the British defence business is being bought by a foreign entity. Last year's £8 billion hostile takeover of another British manufacturer, GKN, by turnaround specialists Melrose was particularly controversial, with questions raised in Parliament and intense scrutiny over the deal.

by | July 27, 2019 | 06:29

Some money managers are starting to shut some positions to prepare for the Fed meeting, and also the European Central Bank decision coming out today", said Benjamin Lu, analyst, Phillip Futures. Gold fell on Thursday after data showed that weekly USA jobless claims number fell to a three-month low last week, pointing to strength in the labor market, while new orders for key US -made capital goods surged 1.9 % in June.

by | July 27, 2019 | 05:42

And a day earlier, United States national security adviser John Bolton left Seoul after agreeing with South Korean officials to boost cooperation to achieve North Korea's denuclearisation. Trump hinted at some impatience in an interview with Fox News on Thursday, saying: "I think with North Korea we've been doing very well". Both the launches in May and on Thursday will not end that weapons test moratorium, which applies to firing intercontinental ballistic missiles .

by | July 27, 2019 | 03:44

But it appears it doesn't hurt to double check. This week, L Brands board of directors employed an outside law firm to review any proof of the role of Epstein, if any, confirmed by an L Brands spokesman at the Columbus, Ohio-based business.

by | July 27, 2019 | 02:23

Boeing also provided an update on its 777X plane on Wednesday , saying it the jets are "progressing well through pre-flight testing". The company posted GAAP loss per share of ($5.21) and core loss per share (non-GAAP)* of ($5.82), as well as lower 737 deliveries partially offset by higher defence and services volume.

by | July 27, 2019 | 01:36

Brussels has poured cold water on a fresh agreement, with European Commission president Jean-Claude Juncker telling him the existing Withdrawal Agreement was "the best and only" deal possible. "It's two years of work between Michel Barnier's team in Brussels and the British team to set out point by point, pragmatically, in a realistic and concrete manner, how we can mark that there is a before and an after".

by | July 27, 2019 | 01:37

So-called nonresidential fixed investment fell at a 0.6 percent rate, down from a rise of 4.4 percent in the first quarter . Growth in the US economy slowed during the second quarter, as accelerating consumer spending could not offset a reversal in the inventory cycle and weaker business investment.

by | July 27, 2019 | 01:24

Mr Trump tweeted: " France just put a digital tax on our great American technology companies". The tax applies only to companies with total annual revenues from the covered services of at least 750 million euros ( 834 million USA dollars) globally and 25 million euros in France.

by | July 27, 2019 | 01:27

The US will not grant any relief to Apple on parts of Mac Pro that it gets manufactured in China. It also said the component "is not strategically important or related to "Made in China 2025" or other Chinese industrial programs". So, it does make sense for the company to fall back to its reliable supply chain in China to produce the 2019 Mac Pro. "If it does not want to pass the cost of tariffs onto the consumer, Apple can hold its prices constant".

by | July 27, 2019 | 01:06

Amazon.com Inc.'s streak of record-high earnings has hit a snag: The e-giant posted Q2 profits of $2.6 billion, or $5.22 per share - significantly missing consensus bets of $5.56. The Department of Justice said this week it has launched an investigation into the business practices of tech companies to determine if they are anti-competitive.

by | July 27, 2019 | 01:04

The result: Brent dropped 65 cents to settle at $63.18 per barrel, while West Texas Intermediate fell 89 cents to settle at $55.88 per barrel. They clocked a weekly rise of about 1.7%. Reuters polls taken July 1-24 showed the growth outlook for almost 90% of the more than 45 economies surveyed was downgraded or left unchanged. That applied not just to this year but also in 2020.

by | July 27, 2019 | 00:36

The company generated $16.62 billion in revenue in Q4 of 2019, compared to $13.23 billion during the same quarter a year ago. "We had a strong quarter and our business and community continue to grow", Zuckerberg said . For example, Facebook is expected to release a "Clear History" feature later this year, which could hamper ad targeting if Facebook can't link users' browsing histories to their profiles.

by | July 27, 2019 | 00:34

Still, Facebook said the second straight quarter of above-expectations revenue showed that its namesake app is producing growth even as users gravitate toward newer, more private features whose popularity has outstripped their usage among advertisers.

by | July 27, 2019 | 00:33

The larger-than-expected second quarter losses follow a first quarter loss of $702 million. The "significant overlap of components between Model 3 and Model Y " also allowed the company to leverage on existing manufacturing designs for the Model Y.

by | July 27, 2019 | 00:27

The main reason is obviously the big $ 5 billion fine imposed by the US FTC for the Cambridge Analytica scandal . The fine, one of the largest in USA history, requires the Silicon Valley-based social network to adopt stricter privacy and security measures over which CEO Mark Zuckerberg will have no control.

by | July 27, 2019 | 00:26

July 24 (Reuters) - U.S. indexes were off their session lows on Wednesday as a rally in semiconductor stocks on reassuring comments from Texas Instruments on global chip demand blunted the impact of weak earnings from bellwethers Boeing and Caterpillar.

by | July 27, 2019 | 00:26

Operating profit for the first quarter of fiscal 2019 fell 98.5 percent to ¥1.61 billion. The carmaker recently revamped the Nissan Skyline with design changes and features, and is also betting that passenger cars, especially electric sedans, will help drive future sales in China, Latin America and other growing markets.

by | July 27, 2019 | 00:08

The company also generated $614 million in cash during the quarter, helping to fatten its bank account to $5 billion through June. Tesla , which doesn't report sales by country, said its Model 3 outsold all of its gas-powered equivalents combined in the United States and is approaching volumes of established premium competitors in Europe.

by | July 26, 2019 | 22:49

To celebrate its debut, Dunkin' is hosting a special Beyond Sausage Breakfast Sandwich tasting event at participating locations in Manhattan on Tuesday, July 24, 2019 from 10 a.m.to 2 p.m. The Dunkin' sandwiches aren't the chain's first attempt to lean into plant-based, a sector where overall United States retail sales soared 11 percent in the past year, far outpacing the 2 percent growth in the food sector overall.

by | July 24, 2019 | 21:41

According to The Washington Post , Facebook is struggling to crack down on Libra-related crypto scams that are popping on its own social media platforms. Numerous fake pages included Facebook's logo, official Libra marketing imagery, and even photos of Mark Zuckerberg. The FDPIC said soon after the Senate hearing that the lack of contact from the social media giant about Libra had prompted it to send the letter.