Trading Ideas
Month: May 2020
Business News
Renault could disappear and must adapt: French finance minister
Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France’s Finance Minister Bruno Le Maire said on Friday, while adding the carmaker also needed to adapt to the situation.
Business News
Banks pursue Luckin Coffee chairman’s assets after loan default
The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.
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Business News
Oil prices drop as China-U.S. tensions grow, Beijing fails to set economic growth target
Oil prices fell on Friday as tensions rose between the U.S. and China and as Beijing failed to set target for economic growth this year, stoking concern that the coronavirus pandemic will overshadow fuel demand in the world’s second-largest oil user.
Business News
Renault could disappear and needs to be able to adapt: Le Maire
France’s Finance Minister Bruno Le Maire said on Friday that Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, while adding that Renault also needed to adapt to the situation.
Business News
China’s biggest automaker expects domestic car sales to pick up in second quarter
China’s biggest automaker SAIC Motor expects the nation’s auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its chairman said on Friday.
Business News
Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo
Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.
Business News
Global stocks skid as Hong Kong returns as Sino-U.S. flashpoint
Global shares tumbled on Friday as Hong Kong’s political unrest returned as a flashpoint in fast-deteriorating U.S.-China relations, following Beijing’s moves to impose a new security law on the city.
Business News
Vodafone names Heineken’s Van Boxmeer as new chairman
Vodafone , the world’s second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from November this year.
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Nvidia Sinks Despite Stellar Earnings; Top Analyst Says Buy On Any Weakness
Nvidia (NVDA) has posted stellar earning results for the fiscal first quarter, although shares moved marginally lower in Thursday’s after-hours trading due to weaker-than-expected guidance. Income doubled from the same period last year, with Q1 Non-GAAP EPS of $1.80 beating the Street by $0.12, and GAAP EPS of $1.47 also topping expectations by $0.10.Revenue of $3.08B represented a 39% year-over-year gain, while also easily beating estimates by $80M. Most notably, gaming rose 27% to $1.34B and Data Center shot up 80% to hit $1.14B.At the same time Nvidia announced that it completed its $7 billion acquisition of Mellanox Technologies on …read more […]
Business News
Roche buys U.S. gene sequencing tech company Stratos Genomics
Pharmaceutical group Roche has acquired U.S.-based Stratos Genomics to further develop DNA-based sequencing for diagnostic use, it said on Friday.
Business News
Why bond investors are willing to bet on money-losing Pemex after oil price crash
Mexico’s state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around.
Business News
Rudderless after a rally, stock markets look for next catalyst
Global equity markets have shuffled up about 1% this month despite the world starting to re-open after the coronavirus-driven lockdowns and U.S. and European economic data showing glimmers of a recovery.