The top two U.S. discount store chains raised their full-year profit forecast on Thursday as a push on adding a range of new products – from fresh food to self-owned brands – starts to pay off, cushioning a blow from increased tariffs on Chinese imports.
Argentine country risk soared to levels not seen since 2008 and bond prices lurched to record lows on Thursday after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
AirAsia Group Bhd will announce on Friday an adjustment to its large Airbus SE order plans, confirming at least part of its order for A330neos while making room for the A321XLR, two people familiar with the matter said.
Argentina’s international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
Apple Inc said on Friday it will begin selling parts, tools and repair guides to independent shops to fix broken iPhones, a major change after years of lobbying against laws in some U.S. states that would have compelled it to do just that.
U.S. stock index futures jumped about 1% on Thursday as China sounded upbeat about its trade talks with the United States, calming investors unnerved by the prospect of a recession.
Best Buy Co Inc forecast annual same-store sales below analysts’ estimates on Thursday, citing new U.S. tariffs set to be imposed on Chinese imports, such as phones, video game consoles and other electronics.
Dollar Tree Inc reported better-than-expected quarterly same-store sales on Thursday as the company’s Family Dollar chain posted its best growth since being acquired in 2015.
AirAsia Group Bhd plans to announce an adjustment to its large order book for Airbus airliners on Friday, confirming at least part of its order for A330neos while making room for the A321XLR model, two people familiar with the matter said.
Best Buy Co Inc reported a smaller-than-expected rise in quarterly same-store sales on Thursday, as the biggest U.S. consumer electronics retailer sold fewer video game consoles and other entertainment products.
Argentina’s international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
Thyssenkrupp CEO Guido Kerkhoff has little choice but to sell the group’s prized elevator division lock, stock and barrel so he can save the conglomerate’s remaining businesses, four sources close to the German company said.
Danish jewellery maker Pandora is stepping up efforts to win back shoppers with a brand relaunch in Los Angeles, plus new themed collections based on Harry Potter and Walt Disney’s Frozen and a revamp of its stores.
Tencent has shelved plans to invest about $150 million to lead a fresh fundraising round for a Chinese education firm VIPKid, two people familiar with the matter said, as Beijing moved to tighten oversight of online education platforms.
Sony Corp is selling its 5% stake in Olympus Corp back to the Japanese medical equipment maker for 80.4 billion yen ($762.88 million), a move that Daniel Loeb’s activist hedge fund Third Point LLC had called for.
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