Trading Ideas
Stocks are a 'no brainer' even without a trade deal: Morning Brief
Top news and what to watch in the markets on Tuesday, October 15, 2019. …read more […]
Month: October 2019
Business News
U.S. pension funds took positions in blacklisted Chinese surveillance company
Some of the biggest public pensions funds in the United States have invested in one of the world’s largest purveyors of video surveillance systems that the U.S. government claims are used in wide-scale repression of the Muslim population of western China.
Business News
BlackRock quarterly profit drops 8%
BlackRock Inc , the world’s biggest asset manager, on Tuesday posted an 8% drop in third-quarter profit, as investors put money in its fixed-income funds and accounts that typically carry lower fees.
Trading Ideas
Here’s why Basic-Fit N.V.’s (AMS:BFIT) Returns On Capital Matters So Much
Today we’ll look at Basic-Fit N.V. (AMS:BFIT) and reflect on its potential as an investment. In particular, we’ll… …read more […]
Trading Ideas
The U.S. has a measles problem for the first time in the 21st century
In 2000, America considered measles eliminated. In 2019, 31 states confirmed measles outbreaks. And the anti-vax movement — a root cause of the renewed measles problem — is being encouraged by celebrities and other influential names. Medical professionals, meanwhile, are alarmed at what’s unfolding. …read more […]
Business News
Global stocks edge higher on Brexit hopes, trade optimism fades
Global stocks edged higher on Tuesday yet safe havens were still in play as markets tried to balance fading optimism over the latest China-U.S. trade truce with the likelihood of a Brexit deal by Thursday’s European Union summit.
Business News
Citigroup plans to set up wholly-owned securities business in China: sources
Citigroup Inc plans to set up a wholly-owned securities business in China, people with knowledge of the matter said on Tuesday, taking advantage of Beijing’s move to fully open up some of its financial sectors to foreigners next year.
Business News
Oil prices fall nearly 2% on China data, trade war jitters
Oil prices fell further on Tuesday, after heavy losses in the previous session following two days of weak Chinese data and as investors continued to fret over prospects for a U.S.-China trade deal despite signs of a truce last week.
Business News
Keen to develop self-driving cars, Hyundai Motor Group unveils $35 billion investment plan
Hyundai Motor Group said it plans to invest 41 trillion won ($35 billion) in mobility and other auto technologies by 2025, part of which will be directed to an ambitious effort to become more competitive in self-driving cars that has also received government backing.
Business News
Former Thomas Cook boss defends record, pay after firm’s collapse
The former chief executive of bankrupt travel firm Thomas Cook on Tuesday said he understood public anger over his pay but defended his record, saying he had worked tirelessly to try and save the company.
Business News
Blackstone plans to launch tender offer for Japan’s Unizo
Private equity firm Blackstone Group said on Tuesday it would launch a tender offer for Japan’s Unizo Holdings at 5,000 yen a share, doubling down on its $1.6 billion offer after the proposal was rebuffed by the hotel chain.
Business News
Tesla to start Powerwall home battery installations in Japan
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product’s debut in Asia.
Trading Ideas
Tesla to start Powerwall home battery installations in Japan
Tesla Inc will start installing its Powerwall home power storage batteries in Japan next spring, the U.S. electric car and battery maker said on Tuesday, marking the product’s debut in Asia. The 13.5 kilowatt-hour (kWh) Powerwall can store power generated by solar panels and costs 990,000 yen ($9,135), including the Backup Gateway system which manages the grid connection, but excluding installation costs and retail tax. It will be sold directly online by Tesla or via certain third-party installers. …read more […]
Trading Ideas
Wirecard Drops on News Report Suggesting Accounting Misdeeds
(Bloomberg) — Wirecard AG fell the most since February in Frankfurt after a news report said it found repeated questionable accounting practices at the German payments firm.Wirecard fell as much as 23% in early trading after the Financial Times said it’s published internal company documents and correspondence that “appear to indicate a concerted effort to fraudulently inflate sales and profits” at businesses in Dubai and Ireland.Iris Stoeckl, a spokeswoman for Wirecard, strongly denied the allegations, saying the report amounts to “market speculation.”“This is total nonsense,” Stoeckl said by phone. “All our numbers have been audited.”Wirecard has been trying to move …read more […]
Trading Ideas
OPEC, allies to maintain oil market stability beyond 2020: Barkindo
The Organization of the Petroleum Exporting Countries and its allies are committed to maintaining oil market stability beyond 2020, with physical supplies relatively tight globally, OPEC Secretary-General Mohammad Barkindo said on Tuesday. OPEC, Russia and other oil producer allies, a grouping known as OPEC+, have pledged to cut production by 1.2 million barrels per day (bpd) until March 2020 to support oil prices. “I have been hearing a resounding chorus from all the players that they are determined not to allow a relapse to the downturn that we just navigated out of,” Barkindo told the India Energy Forum …read more […]