Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year.
U.S. aluminum maker Novelis [NVLXC.UL] must offer concessions to European Union competition authorities by Aug. 9 to gain approval for its $2.6 billion takeover of aluminum processor Aleris [TXPACA.UL], sources close to the matter said.
Exxon Mobil Corp reported a 21% drop in quarterly profit on Friday, hit by weaker natural gas prices and higher maintenance costs.
Cboe Global Markets Inc beat analysts’ estimates for quarterly profit on Friday, as strength in the exchange operator’s options and futures business offset a softer trading environment in other areas.
(This Aug. 1 story corrects to show that the smelter is ramping up; adds Codelco statement)
Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump’s threat to impose more tariffs on Chinese imports.
EU antitrust regulators will block Novelis’ [NVLXC.UL] $2.6 billion bid for steel processor Aleris [TXPACA.UL] if the U.S. aluminum producer does not offer concessions by Aug. 9, people familiar with the matter said.
Shares in Ferrari went into reverse on Friday as the Italian luxury carmaker failed to lift its guidance for 2019 despite strong results in the first part of the year.
As Federal Reserve Chair Jerome Powell on Wednesday described why the central bank’s interest rate cut should not be seen as the start of a lengthy easing cycle, the U.S. stock market was losing value at a rate of over $25 billion a minute.
Google will let Android device users in Europe choose their default search engine from four options, including Google search, the U.S. company said, as it tries to quash EU antitrust concerns and stave off fresh penalties.
European stocks posted their biggest drop of 2019 on Friday and German bond yields hit record lows after U.S. President Donald Trump fired his latest trade war salvo at China, jolting markets and sparking a frenzied bid for safe-haven assets.
Oil prices rose around 2% on Friday, regaining ground after their biggest falls in years on U.S. President Donald Trump’s vow to impose more tariffs on Chinese imports.
China on Friday said it would not be blackmailed and warned of retaliation after U.S. President Donald Trump vowed to slap a 10% tariff on $300 billion of Chinese imports from next month, sharply escalating a trade dispute between the world’s biggest economies.
Toyota Motor Corp cut its full-year profit forecast and Honda Motor Co reported a double-digit decline in quarterly profit as a resurgent yen hurt two of Japan’s biggest automakers.
Apple Inc said on Friday it suspended its global program where it analyzed recordings from users interacting with its voice assistant Siri, after some privacy concerns were raised about the program.
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