Month: November 2019

Emirates said on Monday it had placed a firm order for 50 Airbus A350 jets worth $16 billion at list prices. The deal signed at the Dubai Airshow marked a final and amended version of a tentative deal for 40 A330neo aircraft and 30 A350 jets, which has been pending since the start of the year. The airline said it was still in negotiations with Boeing on the fate of a provisional order for 40 of the U.S. planemaker’s 787 Dreamliners. …read more […]

British life and general insurer Aviva Plc will retain its operations in Singapore and China, it said on Monday, amid speculation of a sale of the Singapore business. Aviva, which said earlier this year it was reviewing its Asia business and is due to unveil a strategy update this week under new CEO Maurice Tulloch, issued the statement in response to media speculation. It said it decided to retain its Singapore operations despite takeover offers. …read more […]

World shares were close to a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015. In the latest show of support for its economy, China’s central bank cut rates on seven-day reverse repurchase agreements by five basis points to 2.50%. …read more […]

(Bloomberg) — Masayoshi Son, after backing startups around the world, is engineering a complex deal on his home turf to create a national champion that can more effectively compete with global rivals like Google and Amazon.com Inc.Son’s SoftBank Group Corp. plans to combine its Yahoo Japan internet business with Line Corp. in a deal that values the country’s leading messaging service at $11.5 billion. SoftBank and South Korea’s Naver Corp. will take Line private and then fold Line and Yahoo Japan into a new joint venture. The deal requires shareholder approvals and is scheduled to close by October 2020.The two …read more […]

Q4 2019 Helmerich and Payne Inc Earnings Call …read more […]

Emerging market shares gained on Monday as China signalled it was prepared to act further to prop up a slowing economy, while hopes of a Sino-U.S. trade pact kept trading in most developing world currencies in a narrow range. An index of emerging market stocks gained 0.5%, led by shares in mainland China as the country’s central bank unexpectedly trimmed a closely watched lending rate for the first time in more than four years. …read more […]

When we invest, we’re generally looking for stocks that outperform the market average. And in our experience, buying… …read more […]

European shares edged closer to a record level on Monday, as optimism around U.S.-China trade talks and a surprise move by China’s central bank in cutting a key interest rate painted an upbeat picture about global growth. The pan-European STOXX 600 index rose 0.17% by 0814 GMT, extending gains after its six-week winning streak. Also adding to the positive sentiment was news that China’s central bank unexpectedly trimmed a closely watched lending rate for the first time in more than four years on Monday, a signal that policymakers are ready to act to prop up slowing growth. …read more […]

This might appear to defy common sense, but its advocates say the way it works – with “smart contracts,” blockchain-based covenants with terms set in code – means Dai will always keep a stable value while offering transparency. …read more […]