Financial news

02.10.2019 14:00:36

Exxon’s third-quarter earnings hurt by weak oil prices

Exxon’s third-quarter earnings hurt by weak oil prices Exxon Mobil Corp’s operating profits fell last quarter for the fourth consecutive period. According to a regulatory filing on Tuesday, it showed all three businesses slumping ...
02.10.2019 14:00:36

Sholz claims Germany can counter an economic crisis

Sholz claims Germany can counter an economic crisis German Finance Minister Olaf Scholz said on Wednesday that Europe’s largest economy would be able to counter an economic crisis if there one. “We are all prepared because we have ...
02.10.2019 14:00:36

Chip stocks propel gains in Europe

Chip stocks propel gains in Europe European shares gained on Tuesday as Apple suppliers held the lead following reports of strong iPhone sales. Semiconductor makers jumped into the spotlight with AMS, Dialog, and STMicro posting gains in early ...
01.10.2019 12:00:37

Thomas Cook owes $381 million to Turkey’s Tourism Sector

Thomas Cook owes $381 million to Turkey’s Tourism Sector Turkey’s Tourism Advisory Council said that it estimates that the travel agency, Thomas Cook owes the local sector around €350 million ($381.8 million). They added that ...
01.10.2019 12:00:37

WeWork to withdraw ill-fated IPO

WeWork to withdraw ill-fated IPO WeWork’s parent company, The We Company, filed to withdraw its initial public offering a week after the SoftBank-backed startup ousted its founder Adam Neumann as its chief executive officer. The withdrawal ...
30.09.2019 12:00:21

Brexit could commence without a deal, Sajid Javid says

Brexit could commence without a deal, Sajid Javid says The United Kingdom would be able to leave the European Union on October 31st without a deal despite laws demanding a Brexit delay from the Prime Minister if there was no agreement. This ...
30.09.2019 12:00:21

Dollar holds its own as investors seek shelter

Dollar holds its own as investors seek shelter The U.S. Dollar found broad support on Monday as global political uncertainty and fears over a widening of the Sino-U.S. trade war kept investors in safe havens. The Dollar was backed ahead of ...
30.09.2019 12:00:21

Japanese Govt. Bonds slips as investors wager on steepening yield curve

Japanese Govt. Bonds slips as investors wager on steepening yield curve Japanese government bond prices slipped on Monday as investors wagered that the Bank of Japan could adjust its policy to steepen the yield curve next month to address the ...
30.09.2019 12:00:21

Turkish unemployment expected to rise 12.9% in 2019

Turkish unemployment expected to rise 12.9% in 2019 Turkey’s unemployment rate is expected to rise from last year’s 11.0% to 12.9% in 2019. However, Finance Minister Berat Albayrak said that they expect it to fall 11.8% in 2020. On ...
26.09.2019 13:00:28

Monzo closes premium accounts to new customers

Monzo closes premium accounts to new customers Monzo, the digital bank, has closed its fee-charging premium subscription to new customers after five months of launch and is also offering refunds to those who signed up. Following criticism by ...
26.09.2019 13:00:28

China’s manufacturing may contract for its fifth month straight

China’s manufacturing may contract for its fifth month straight China’s factory activity is expected to have contracted for a fifth straight month in September, further adding to the country’s economic woes as the U.S.-China ...
26.09.2019 13:00:28

Best Buy targets $50 Billion in Revenue by 2025

Best Buy targets $50 Billion in Revenue by 2025 Best Buy Co. Inc. announced on Wednesday that it aims to rake in revenue of $50 billion and cut about $1 billion in costs by 2025 by ramping up its healthcare technology business. The biggest ...
26.09.2019 13:00:28

China-made smartphone now worth $4 Billion

China-made smartphone now worth $4 Billion Chinese smartphone maker Transsion has raised nearly $400 million in an IPO on China’s new, tech-focused stock market. On Wednesday the Shenzhen-based company said in a stock market filing that ...
25.09.2019 12:00:30

Metro Bank shares fall after investors turn away £200m bond sale

Metro Bank shares fall after investors turn away £200m bond sale Metro Bank shares plunged more than 35%, a record low on Tuesday after wary investors refused to purchase bonds, another blow to the bank since it revealed an accounting ...
25.09.2019 12:00:30

Wrightbus goes into administration, risking 1,400 jobs

Wrightbus goes into administration, risking 1,400 jobs Wrightbus, maker of the revived Routemaster bus and one of Northern Ireland’s biggest employers has collapsed into administration, putting 1,400 jobs at risk. The failure of Wrightbus ...
25.09.2019 12:00:30

Depositors panic over RBI’s takeover of major co-operative bank

Depositors panic over RBI’s takeover of major co-operative bank The Reserve Bank of India’s (RBI) move to take charge of one of the country’s top co-operative banks has left thousands of depositors in the lurch. In effect, ...
25.09.2019 12:00:30

Sibanye-Stilwater to cut over 5,000 jobs in Marikana restructuring

Sibanye-Stilwater to cut over 5,000 jobs in Marikana restructuring South African miner, Sibanye-Stilwater said on Wednesday that it could cut around 5,270 jobs in order to restructure its loss-making Marikana mine. Sibanye said that the aim ...
24.09.2019 16:00:23

KPMG forecasts no-deal Brexit recession in 2020

KPMG forecasts no-deal Brexit recession in 2020 Britain could plunge into its first recession in a decade should the government quit the EU without a deal, according to the latest in a string of gloomy forecasts made by the Bank of England ...
24.09.2019 16:00:23

Britain hopes for trade deal with Australia after Brexit

Britain hopes for trade deal with Australia after Brexit Britain’s Trade Minister Liz Truss said on Wednesday she expects to complete a wide-ranging trade deal with Australia within months of exiting the European Union. In efforts to ...
24.09.2019 16:00:23

Dollar sits at seven-week high vs Yen ahead of Fed meeting

Dollar sits at seven-week high vs Yen ahead of Fed meeting The dollar held near a seven-week high against the Japanese yen on Wednesday before the outcome of a Federal Reserve meeting where officials are widely expected to cut interest rates ...
24.09.2019 16:00:23

Britain to investigate $5 billion purchase of Cobham

Britain to investigate $5 billion purchase of Cobham Britain will investigate national security impacts of the purchase of defense company Cobham by U.S. private equity firm Advent International, which would potentially delay or block the $5 ...
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