LONDON (Reuters) – World stocks were set for their biggest weekly loss since the middle of March on Friday, while the dollar hovered near highs hit on its recent rally as investors awaited jobs data from the United States.
MUMBAI (Reuters) – Indian e-commerce firm Flipkart’s board has approved a deal to sell an equity stake of about 75 percent in the company to a group led by Walmart Inc for about $15 billion, Bloomberg reported on Friday, citing unnamed sources.
BEIJING (Reuters) – A U.S. trade delegation wants China to cut a bilateral trade imbalance immediately and to stop subsidizing advanced technology, a Wall Street Journal reporter wrote on Twitter on Friday, citing a document issued to the Chinese before talks.
SHENZHEN/SHANGHAI, China (Reuters) – At its high-tech laboratories in the Chinese manufacturing hub of Shenzhen, Beike Biotechnology is developing medical robots that could help treat cancer. It has big plans to export these to markets like the United States.
ROZZANO, Italy (Reuters) – Telecom Italia’s (TIM) top two investors will face off for the first time on Friday as they put their battle over board seats at the Italian phone group to a shareholder vote.
Hawaii’s Kilauea volcano erupted Thursday, sending lava shooting into the air in a residential neighborhood and prompting mandatory evacuation orders for nearby homes. Hawaii County said steam and lava poured out of a crack in Leilani Estates, which is near the town of Pahoa on the Big Island. Aerial drone footage showed a line of lava snaking through a forest. …read more […]
PARIS (Reuters) – BNP Paribas , France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, as a weaker dollar and sluggish fixed income trading impacted investment banking revenues.
PARIS (Reuters) – BNP Paribas , France’s biggest bank, reported a 17 percent decline in quarterly net profit, in line with expectations, weighed down by weakness in fixed income trading revenues in Europe.
SINGAPORE (Reuters) – Asian shares stepped back on Friday while the dollar ran into some profit-taking after a strong week of gains as financial markets turned their attention to looming U.S. payrolls data for fresh catalysts.
HONG KONG/LONDON (Reuters) – HSBC Holdings PLC posted on Friday an unexpected 4 percent drop in first-quarter pre-tax profit due to a surge in investments, missing estimates, and announced plans to initiate a new share buyback of up to $2 billion.
(Reuters) – Xerox Corp said on Thursday its current board and management team, which included Chief Executive Jeff Jacobson, will stay, after a settlement agreement it had reached with dissenting shareholders to oust them expired.
WASHINGTON (Reuters) – U.S. job growth likely accelerated in April after a weather-related slowdown in the previous month, with the unemployment rate expected to drop to near a 17-1/2-year low of 4.0 percent.
Gwen Preston explains the current uranium pricing and market fundamentals and how to tell when the market is about to explode upwards.
Warren Buffett’s Berkshire Hathaway added 75 million more shares of Apple stock to its portfolio in the first quarter of 2018. According to a report from CNBC published Thursday night, the new shares add to the more than 165 million shares Berkshire held at the end of 2017. The news comes ahead of the legendary investor’s annual Q&A meeting set to begin in Omaha on Friday, and days after Apple reported blockbuster earnings this week. …read more […]
(Reuters) – Berkshire Hathaway Inc bought 75 million additional Apple Inc shares in the first quarter, CEO Warren Buffett told CNBC on Thursday.
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