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Home2018November

Month: November 2018

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Business News

Asian shares soften as investors look to G20 summit

November 30, 2018 admin Comments Off on Asian shares soften as investors look to G20 summit

Share markets ticked slightly lower in early Asian trade on Friday as investors await a closely watched meeting between the Chinese and U.S. presidents in Argentina this weekend for signs of a trade war detente.

…read more […]

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Business News

Samsung Elec says it will cancel $4.4 billion worth of shares

November 30, 2018 admin Comments Off on Samsung Elec says it will cancel $4.4 billion worth of shares

Samsung Electronics Co Ltd said on Friday it would cancel 4.9 trillion won ($4.4 billion) worth of its shares.

…read more […]

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Business News

HP Inc revenue tops estimates on personal systems business

November 30, 2018 admin Comments Off on HP Inc revenue tops estimates on personal systems business

HP Inc’s quarterly revenue beat analysts’ estimates on Thursday, driven by growth in its personal systems business that sells notebooks and desktops and the acquisition of Samsung’s printer business.

…read more […]

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Business News

Oil prices dip on swelling U.S. supply; OPEC output cuts loom

November 30, 2018 admin Comments Off on Oil prices dip on swelling U.S. supply; OPEC output cuts loom

Oil prices slipped on Friday after the United States reported a 10th straight weekly gain in commercial crude reserves amid record output.

…read more […]

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Business News

Exclusive: Boeing eyes Lion Air crash software upgrade in 6-8 weeks

November 30, 2018 admin Comments Off on Exclusive: Boeing eyes Lion Air crash software upgrade in 6-8 weeks

Boeing Co is weighing plans to launch a software upgrade for its 737 MAX in six to eight weeks that would help address a scenario faced by the Lion Air crew during last month’s deadly crash in Indonesia, two people briefed on the matter said on Thursday.

…read more […]

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Business News

AT&T commits to cutting up to $20 billion in debt in 2019

November 30, 2018 admin Comments Off on AT&T commits to cutting up to $20 billion in debt in 2019

AT&T Inc said on Thursday it has committed to cutting its heavy debt load next year through a variety of measures, including a review of all of its non-core assets such as its stake in streaming video company Hulu for possible sale.

…read more […]

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Business News

Fed may tweak excess reserves rate again soon: minutes

November 30, 2018 admin Comments Off on Fed may tweak excess reserves rate again soon: minutes

The U.S. Federal Reserve looks set to make its second adjustment in six months to the systems it uses to control interest rates as it appears on course for yet another rate increase at its meeting next month.

…read more […]

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Business News

Japan brokers readying for new client surge ahead of SoftBank’s mammoth IPO

November 30, 2018 admin Comments Off on Japan brokers readying for new client surge ahead of SoftBank’s mammoth IPO

Japan’s stockbrokers are rubbing their hands ahead of SoftBank’s record-breaking $21 billion share sale, banking on the telco’s brand power and unprecedented marketing campaign to boost business in a country replete with IPO-hungry investors.

…read more […]

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Business News

Wall Street edges down as tech, bank stocks weigh

November 30, 2018 admin Comments Off on Wall Street edges down as tech, bank stocks weigh

Wall Street closed slightly lower on Thursday as tech and financial shares slumped, erasing earlier gains stemming from Federal Reserve minutes showing the central bank opened the debate on when to pause further interest rate hikes.

…read more […]

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Business News

Dell posts revenue jump ahead of voting on VMware offer

November 30, 2018 admin Comments Off on Dell posts revenue jump ahead of voting on VMware offer

Dell Technologies Inc reported a 15 percent rise in quarterly revenue on Thursday, as businesses were forced to upgrade their systems running on older Windows technology, as well as strong performance in software maker VMware Inc.

…read more […]

CEO Interview

DNI Metals, Inc. (CSE: DNI) (OTC: DMNKF) Graphite mining in Madagascar

November 30, 2018 admin Comments Off on DNI Metals, Inc. (CSE: DNI) (OTC: DMNKF) Graphite mining in Madagascar

                DNI Metals, Inc. (CSE: DNI) (OTC: DMNKF) Interview with CEO Dan Weir, discussing the company’s graphite mining project in Madagascar. Discussion includes: competitive advantages of graphite mining […]

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Business News

Fed retunes message for 2019, opening door to ‘slow down’

November 30, 2018 admin Comments Off on Fed retunes message for 2019, opening door to ‘slow down’

With the Federal Reserve expected next month to raise rates to what some U.S. central bankers believe is at or near a neutral level, Chairman Jerome Powell is retuning his message to signal a more cautious approach on further rate hikes next year.

…read more […]

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Business News

German car bosses finalizing White House meeting next week

November 29, 2018 admin Comments Off on German car bosses finalizing White House meeting next week

Top executives from German carmakers Volkswagen , BMW and Daimler are finalizing plans for a White House meeting on trade policy next week, German and U.S. officials said on Thursday.

…read more […]

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Business News

World shares mixed as markets consider Fed, Trump impact

November 29, 2018 admin Comments Off on World shares mixed as markets consider Fed, Trump impact

Wall Street seesawed on Thursday, dragged down late in the day by technology and financial stocks, while the dollar and the U.S. yield curve flattened in the wake of U.S. Federal Reserve news.

…read more […]

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Business News

Dell posts 15 percent rise in revenue on strong PC sales

November 29, 2018 admin Comments Off on Dell posts 15 percent rise in revenue on strong PC sales

Dell Technologies Inc posted a 15 percent rise in quarterly revenue on Thursday, helped by businesses upgrading their systems ahead of Microsoft pulling the plug on Windows 7 support.

…read more […]

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