Financial news

25.10.2019 15:01:12

Glencore to trim copper and zinc production targets

Glencore to trim copper and zinc production targets Glencore PLC said that it would produce slightly less copper and zinc in the year than initially planned. The world’s biggest commodity trader has trimmed their production targets from ...
25.10.2019 15:01:12

Offshore wind farms to invest $1.2 trillion to hit climate goals

Offshore wind farms to invest $1.2 trillion to hit climate goals An influx of new offshore wind farms around the world is set to invest an estimate of $840 billion over the next two decades, the International Energy Agency (IEA) said. The ...
25.10.2019 15:01:12

Amazon shares fall 7%, forecasts below expectation

Amazon shares fall 7%, forecasts below expectation Amazon.com Inc’s forecast revenue and profit for the holiday quarter was below expectations as it faced fierce competition and rising costs from plans to speed up global delivery times. Shares ...
25.10.2019 15:01:12

China to request U.S. to remove tariffs in exchange for farm purchases

China to request U.S. to remove tariffs in exchange for farm purchases Top U.S. and Chinese trade officials will discuss plans on Friday for China to buy more U.S. farm products. However, Beijing will request cancellation of some planned and ...
24.10.2019 13:00:35

Oil prices drop after recovering from surprise dip in U.S. inventories

Oil prices drop after recovering from surprise dip in U.S. inventories Oil prices dropped on Thursday in Asia which overlooked gains following a surprise dip in U.S. inventories. Oil prices rallied more than 1% overnight after the U.S. Energy ...
24.10.2019 13:00:35

Brexit limbo pauses British Pound

Brexit limbo pauses British Pound The British Pound stabilized on Thursday as Brexit enters a fresh holding pattern. Sterling held at $1.2911 after Britain’s parliament backed a withdrawal deal while European Union members delayed deciding ...
24.10.2019 13:00:34

Sweden opened for 100-year bonds amid ongoing review

Sweden opened for 100-year bonds amid ongoing review Sweden’s debt office is looking into the option of issuing bonds as long as 100 years according to its director general, Hans Lindblad. However, the office wants more time to research ...
24.10.2019 12:00:32

Wall Street slams WWE as its annual shares plummet

Wall Street slams WWE as its annual shares plummet World Wrestling Entertainment’s (WWE) shares struggled this year and Wall Street might kick them out of the markets. WWE must be capitalizing on its new TV deals with Fox and Comcast ...
24.10.2019 12:00:32

South Korea’s economy sluggish as trade war weigh on investments

South Korea’s economy sluggish as trade war weigh on investments South Korea’s economy grew at a slower pace in the third quarter, making it the smallest expansion since the global financial crisis as trade uncertainties weigh ...
24.10.2019 11:00:20

Tesla makes surprise profit figures

Tesla makes surprise profit figures Tesla made a surprise profit markers as it posted $342 million. Wall Street had expected the company would yield negative figures amounting to $257 million. After the trading hours, Tesla's shares moved ...
24.10.2019 11:00:19

TD Securities: Brexit developments, quiet

The Analysts at TD Securities, Brexit developments today may be relatively quiet. This is in light of EU's decision on Article 50's extension due on Friday, Monday even, at an emergency summit--that is, if things go unpleasant. According to ...
23.10.2019 13:00:36

Intel files antitrust case against SoftBank-backed firm over patent practices

Intel files antitrust case against SoftBank-backed firm over patent practices Chipmaker Intel Corp has filed an antitrust lawsuit against an investment company backed by SoftBank Group Corp who allegedly stockpiled patents to hold up technology ...
23.10.2019 13:00:36

Caterpillar profit falls as demand weakens

Caterpillar profit falls as demand weakens Caterpillar Inc (CAT) fell short of Wall Street estimates for quarterly profit on Wednesday as it was hit by weak demand for its construction and mining equipment businesses. The company, cutting ...
22.10.2019 14:00:35

Harley-Davidson profit drops 24% as U.S. demand weakens

Harley-Davidson profit drops 24% as U.S. demand weakens Harley-Davidson Inc (HOG) reported a 24% drop in quarterly profit on Tuesday as it was hit by a slide in U.S. sales and high costs from European tariffs. The company said its net income ...
21.10.2019 12:00:46

Bank Indonesia may cut benchmark rate for fourth time

Bank Indonesia may cut benchmark rate for fourth time A small majority of economists expect Bank Indonesia (BI) to cut its benchmark rate for the fourth straight month at its meeting this week to support the economy. 18 out of 30 analysts ...
21.10.2019 12:00:46

Gold prices inch down as traders await Brexit developments

Gold prices inch down as traders await Brexit development Gold prices inched down on Monday in Asia as traders awaited more clarity on Brexit developments. British lawmakers voted on the weekend to delay a decision on UK Prime Minister Boris ...
21.10.2019 12:00:45

Nigeria’s oil industry risks disruption

Nigeria’s oil industry risks disruption Nigeria risks disruption in oil and gas supplies as well as power generation due to declining exploration activity and depleting oil reserves, the Nigerian Association of Petroleum Explorationists ...
17.10.2019 12:00:49

Money markets slash rate cut expectations after EU and Britain seal Brexit deal

Money markets slash rate cut expectations after EU and Britain seal Brexit deal Money markets further scaled back expectations for interest rate cuts from European Central Bank of England after Brussels and London announced that they had agreed ...
17.10.2019 12:00:49

UK government puts pressure on US over whisky tariffs; trade minister says

UK government puts pressure on US over whisky tariffs; trade minister says Britain is putting pressure on the United States to rethink a decision to impose tariffs on Scottish whisky, trade minister Liz Truss said on Thursday. The United States ...
17.10.2019 12:00:48

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles

German car parts supplier Brose to cut 2,000 jobs as auto sector struggles German autos supplier Brose Group said on Thursday that it was cutting over 2,000 jobs in Germany in the coming years due to a slump in earnings. The car parts supplier ...
16.10.2019 13:01:10

Italy to introduce tax on digital companies in 2020

Italy to introduce tax on digital companies in 2020 Italy has approved a new tax on digital companies as part of its 2020 draft budget along with plans to introduce the new measures next year. The levy will oblige web-based companies to pay ...
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