Want to know why the stock market remains under severe pressure? It’s calls like this on growth from one prominent Wall Street investment bank. …read more […]
Germany’s HDE retail association called on Wednesday for the government to give immediate state aid and tax relief to stop businesses going bust as stores closed to stem the spread of the coronavirus, losing 7 billion euros ($7.70 billion) per week.
U.S. stock index futures tumbled on Wednesday, pointing to another volatile session for Wall Street on fears that even dramatic stimulus measures would not be able to avert a deep coronavirus-driven recession.
Potential Ford Motor Company (NYSE:F) shareholders may wish to note that the Independent Director, John Lechleiter… …read more […]
Swiss bank UBS has seen relatively low losses in its lending portfolio and feels comfortable with its liquidity despite market drops amidst the coronavirus pandemic, Chief Financial Officer Kirt Gardner said on Wednesday.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like… …read more […]
Middle East airline Qatar Airways laid off about 200 Filipino staff in Doha this week and rival Emirates asked pilots to take unpaid leave as the coronavirus outbreak hammers demand for travel.
Oil and gas companies around the world aim to slash spending as crude prices have plunged due to the impact of the coronavirus and a push by Saudi Arabia and Russia to ramp up output. [O/R]
North American oil and gas producers have cut capital spending by about 30% on average, according to data compiled by Reuters. BPBP said it planned to reduce capital and operational spending, which was about $15 billion last year. Chevron Corp said it aimed to trim spending and lower oil output in the near term. …read more […]
Top news and what to watch in the markets on Wednesday, March 17, 2020. …read more […]
(Bloomberg) — Tencent Holdings Ltd.’s quarterly earnings missed estimates after China’s economic slowdown eroded its core gaming business and the cost of fending off ByteDance Inc. and other rivals rose.Net income came in at 21.6 billion yuan ($3.1 billion) in the three months ended December, compared with the average analysts’ estimate of 22.8 billion yuan. Revenue rose a slightly stronger-than-expected 25% to 105.8 billion yuan. While online gaming sales grew 25% — the first double-digit growth of that metric that China’s leading gaming company has managed since the first quarter of 2018 — overall costs swelled almost 20%.Tencent’s worse-than-anticipated profit …read more […]
Nokia said in December it planned to appoint its former networks chief, Baldauf, 64, as chairman, to lead Nokia’s fight against rivals in 5G Huawei and Ericsson. Baldauf’s appointment requires the approval of shareholders, but this week Finland started to close its borders and banned larger public gatherings as it tries to slow the spread of coronavirus. Nokia said it would convene the annual general meeting as soon as it is practical to do so and called for measures to allow fully virtual general meetings. …read more […]
Oil prices fell for a third session on Wednesday with U.S. crude futures tumbling to a 17-year low as the outlook for fuel demand darkened with travel and social lockdowns triggered by the coronavirus epidemic.
Barclays is ‘very very unlikely’ to meet its goal of a 10% return on equity this year given the impact on its business of the coronavirus pandemic, its Chief Financial Officer Tushar Morzaria said on Tuesday.
(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.Malaysia will be closing most of its palm oil operations as the country shutters non-essential business in an effort to fight the spread of the coronavirus, according to the Malayan Agricultural Producers Association.The world’s second-largest producer will be halting operations at plantations, mills and factories for two weeks starting Wednesday, the trade group said. The government order will exclude palm oil refineries, which process crude palm oil into edible oils used in cooking oil, ice cream and margarine, as well as non-edible oils used in …read more […]
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
