Saudi Aramco shares closed down 0.66% at 37.75 riyals ($10.07) on Tuesday, Refinitiv data showed, ahead of their inclusion into the MSCI emerging markets index, which will be effective on Wednesday.
European stocks skidded off record highs and sterling dropped more than 1% on Thursday, as reports that Britain’s prime minister was ready to play rough in Brexit talks brought December’s cross-market rally to a halt.
This week we saw the Granite Construction Incorporated (NYSE:GVA) share price climb by 11%. But that cannot eclipse… …read more […]
British engineering firm Senior Plc reaffirmed its expectations for 2019 on Tuesday, a day after Boeing said it would suspend production of its 737 MAX jet in January.
Credit Suisse is looking into a report by a Swiss newspaper that its then-human resources boss was followed by private detectives in February, reviving concerns about its practices after a similar surveillance operation was uncovered in September.
Britain’s Financial Conduct Authority (FCA) is investigating whether sharing data with outside competitors could be extended beyond banks to savings, insurance, mortgages, investments, pensions and consumer credit to increase innovation and choice. ‘Open banking’ rules already allow payment companies and other providers to use account data, with customer consent, to offer rival services and has opened the door to payments services for many financial technology or “fintech” firms. The Financial Stability Board, a global regulatory body, has said that Big Tech companies like Google, Alibaba and Facebook could be forced to share data on financial services customers with …read more […]
The Trump administration is finalizing a set of narrow rules to limit exports of sophisticated technology to adversaries like China, a document seen by Reuters shows, in a boon to U.S. industry that feared a much tougher crackdown on sales abroad.
(Bloomberg) — Palladium rose above $2,000 an ounce for the first time, extending a powerful annual advance driven by a sustained global deficit.Palladium has gained 57% this year, with market watchers saying the shortfall will be hard to fill. That’s great news for producers of the metal, used mainly in autocatalysts, which have seen their shares surge.No. 1 miner MMC Norilsk Nickel PJSC has gained 51% in 2019. The effect has been even more dramatic for South African platinum producers, which dig up palladium alongside their primary metal. The FTSE/JSE Africa Platinum Mining Index has tripled this year, the biggest-ever …read more […]
The worst result, after buying shares in a company (assuming no leverage), would be if you lose all the money you put… …read more […]
Down more than 52% over the past 52 weeks, could Canadian marijuana giant Aurora Cannabis (ACB) go to… zero?One analyst thinks so. Firm founder Gordon Johnson of GLJ Research announced he was initiating coverage of Aurora Cannabis stock with a “sell” rating. Arguing that “ACB’s equity holds no value,” he predicted Aurora Cannabis stock will become utterly worthless by the end of 2021, and so proceeded to assign a two-year price target of $0. (To watch Johnson’s track record, click here)Whether you’re talking American dollars or Canadian dollars, either way, that’s a pretty bold claim. After all, up until recently …read more […]
Southwest Airlines Co said on Tuesday is extending cancellations of Boeing Co 737 MAX flights by another five weeks, through April 13, due to the continued uncertainty around the timing of the aircraft’s return to service.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Oil edged further above $65 a barrel on Tuesday, supported by hopes that the U.S.-China trade deal will bolster oil demand in 2020 and the prospect of lower U.S. crude supplies.
In an unscheduled trading update, Anglo-Dutch Unilever also struck a downbeat tone on its prospects for meeting its mid-term target for sales growth of 3-5% next year. “Our full-year underlying sales growth is expected to be in the lower half of the multi-year range,” added Jope, who took on the top job earlier this year. Shares in Unilever were down 5.1% at 1025 GMT, while rival Nestle slipped 1.2%. …read more […]
In 2001 Andrew Littlefair was appointed CEO of Clean Energy Fuels Corp. (NASDAQ:CLNE). First, this article will… …read more […]
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