Business News
Stocks grind lower as markets await clues on trade talks
Asian shares pulled back slightly on Wednesday as investors awaited new developments toward scaling back a bruising trade war between the United States and China.
Year: 2019
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Tesla Reaches Preliminary Battery-Supply Deal With CATL
(Bloomberg) — Tesla Inc. has reached a preliminary agreement to start using CATL as a battery supplier for cars made in China from as early as next year, and the companies are in talks to expand the relationship globally, according to people familiar with the matter.Following months of negotiations, the companies clinched a non-binding deal after Tesla Chief Executive Officer Elon Musk traveled to Shanghai in late August and met with CATL Chairman Zeng Yuqun for about 40 minutes, according to the people, who asked not to be named discussing private deliberations. Though a final agreement is expected to be …read more […]
Business News
Oil slips on huge U.S. crude build; hopes for U.S.-China trade talks check losses
Oil prices dropped on Wednesday after industry data showed a larger-than-expected build-up in U.S. crude stockpiles, but expectations for an easing of trade tensions between the United State and China capped losses.
Business News
U.S. Justice Dept sets up anti-price collusion ‘strike force’
The Justice Department said on Tuesday it had created a strike force that will identify and prosecute companies that fix prices or collude to push up the cost of billions of dollars’ worth of U.S. government purchases.
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Edited Transcript of BKD earnings conference call or presentation 5-Nov-19 2:00pm GMT
Q3 2019 Brookdale Senior Living Inc Earnings Call …read more […]
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Edited Transcript of SGRY earnings conference call or presentation 5-Nov-19 1:30pm GMT
Q3 2019 Surgery Partners Inc Earnings Call …read more […]
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Edited Transcript of ERII earnings conference call or presentation 31-Oct-19 9:00pm GMT
Q3 2019 Energy Recovery Inc Earnings Call …read more […]
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OPEC Braces For Drastic Drop In Oil Demand
Facing a weakening economy, rising global oil supplies and growing pressure from climate activists, OPEC has revised its oil demand forecasts …read more […]
Business News
Asian markets tread water as investors await clues on trade
Asian shares were little changed on Wednesday as investors awaited new developments toward scaling back a bruising trade war between the United States and China.
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Edited Transcript of ANZ.AX earnings conference call or presentation 30-Oct-19 11:00pm GMT
Full Year 2019 Australia and New Zealand Banking Group Ltd Earnings Presentation …read more […]
Business News
Iowa? Greece? Where Trump and Xi may meet becomes new trade deal issue
The United States and China are working to narrow their differences enough to sign a “phase one” trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.
Business News
In review of fatal Arizona crash, U.S. agency says Uber software had flaws
An Uber self-driving test vehicle that struck and killed an Arizona woman in 2018 had software flaws, the National Transportation Safety Board said Tuesday as it disclosed the company’s autonomous test vehicles were involved in 37 crashes over the prior 18 months.
Business News
Virgin Australia to cut domestic capacity by 2%, axe a Hong Kong route
Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2% in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday.
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Asahi Cuts Full-Year Forecast For Second Time in Four Months
(Bloomberg) — Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan’s largest brewer more vulnerable to currency swings, as consumption weakens at home.Operating profit will probably be 202 billion yen ($1.9 billion) for 2019, the Tokyo-based company said Tuesday, citing currency fluctuations and domestic headwinds. That compares with its prior forecast of 215.5 billion yen, and the average analyst estimate of 215.9 billion yen.The shares of Asahi fell as much as 5.6% in early trading in Tokyo, the biggest intraday decline since July. The stock had climbed …read more […]
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Virgin Australia to cut domestic capacity by 2%, axe a Hong Kong route
Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2% in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday. “Flying to the right destinations, with the right customer demand, and the right-sized fleet will improve our financial performance,” Virgin Chief Executive Paul Scurrah said at the airline’s annual meeting in Brisbane. Virgin competes against deeper-pocketed rival Qantas Airways in Australia’s aviation market, which has experienced softer demand as the country’s economic growth falters. …read more […]