Oyo, the self-proclaimed “world’s fastest growing hotel chain,” boasts that technology is “deeply embedded” in its DNA. But hotel owners and general managers in the United States scoff at the claim as their lobbies fill with overbooked guests, and front desk staff resort to emailing check-ins to headquarters because the property management system has crashed. […] …read more […]
Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and brexit uncertainties was enough to prevent a decisive shift towards riskier assets.
Q3 2019 Las Vegas Sands Corp Earnings Call …read more […]
Q3 2019 Paccar Inc Earnings Call …read more […]
Q3 2019 General Dynamics Corp Earnings Call …read more […]
Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported a slight rise in third-quarter operating profit.
Finnish telecom network equipment maker Nokia on Thursday reported third-quarter profit in-line with expectations but lowered its full-year profit forecasts for 2019 and 2020, citing tough competition and additional investments. Nokia now sees 2019 underlying earnings per share (EPS) at 0.18 euros to 0.24 euros and 2020 EPS at 0.20 euros to 0.30 euros. Nokia reported a slip in underlying earnings to 0.05 euros per share during the July to September period, compared to 0.06 euros a year ago, but in line with 0.05 euros forecast in a Refinitiv poll. …read more […]
Hyundai Motor’s quarterly net profit widely missed analyst estimates, after the South Korean automaker booked additional charges to address potential engine defects in the United States and its home market.
Brembo’s distinctive colored brakes stop many of the world’s fastest cars but when it comes to the electric vehicles of the future it faces a problem – traditional brakes are noisy.
Daimler on Thursday announced cost cuts as it reduced its revenue outlook for Mercedes-Benz trucks unit and reported an 8% drop in third-quarter operating profit.
South Korea’s top convenience store chain GS25 has stopped selling flavoured liquid e-cigarettes, the parent company GS Retail said on Thursday. The sales suspension came a day after the country’s health minister warned the public to stop using liquid vaping products, citing a number of deaths attributed to e-cigarettes in the United States. GS25 halted sales of three flavoured vape products of U.S. e-cigarette maker Juul Labs, including “tropical” – the equivalent of mango flavour offered in the United States – and one product of a local tobacco company KT&G, the parent company said in a statement. …read more […]
Oil prices dipped on Thursday after sharp gains in the previous session following a surprise draw in U.S. crude inventories, with concerns over a weak demand outlook adding to downward pressure.
Infosys Ltd said on Thursday that the U.S. Securities and Exchange Commission had launched an investigation into whistleblower claims that the Indian software services firm used ‘unethical practices’ to boost revenue and profit. The company said India’s market regulator, the Securities and Exchange Board of India (SEBI), had also requested additional information from the company concerning the complaints. …read more […]
Carlos Ghosn’s lawyers have asked the Tokyo District Court to dismiss all charges against the former Nissan Motor Co Ltd chairman, saying prosecutors colluded with government officials and Nissan executives to oust him from his post.
Asian shares pulled ahead on Thursday as corporate earnings and a ceasefire in northern Syria helped prop up sentiment, though the backdrop of trade and brexit uncertainties was enough to prevent a decisive shift towards riskier assets.
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