Trading Ideas
Year: 2020
Business News
Volkswagen diesel settlement talks with German consumer groups fail
Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW’s diesel cars, had failed.
Business News
‘Terrible’ WeWork bet caused us headaches: T. Rowe Price
Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a “debacle” that caused the firm “outsized headaches and disappointments” and left it holding shares worth just a fraction of their original value.
Business News
Volkswagen to shut coal-fired power stations at main factory to cut CO2
Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down the company’s carbon dioxide emissions, Chief Executive Herbert Diess said on Friday.
Trading Ideas
A reminder that Tesla follows its own rules: Morning Brief
Top news and what to watch in the markets on Friday, February 14, 2020. …read more […]
Business News
Zuckerberg ready for Facebook to pay more tax as welcomes rules review
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show.
Business News
Oil prices rise 1%, on course for weekly gain
Oil prices rose on Friday and held on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
Business News
Mitsubishi Motors delays factory restart in China on coronavirus
Mitsubishi Motors Corp is postponing the restart of its factory with Guangzhou Automobile Group in Hunan province until 27 due to the coronavirus outbreak, the Japanese automaker said on Friday.
Business News
Euro zone GDP slows as expected in fourth-quarter, but employment beats consensus
Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday.
Business News
India court stalls Amazon, Flipkart antitrust probes: lawyers
An Indian antitrust investigation of Amazon.com Inc and Walmart’s Flipkart has been put on hold by a court, three lawyers involved in the proceedings told Reuters on Friday.
Business News
Nissan’s South Korean unit planning voluntary redundancies: source
Nissan Motor Co’s South Korean unit plans to seek applications for voluntary redundancy, a person with knowledge of the matter said on Friday, as the automaker’s shares sank to their lowest in more than a decade.
Business News
Oil prices steady, on course for weekly gain
Oil prices edged up Friday and held on track for their first weekly gain since early January, backed by expectations that major producers will implement deeper output cuts to offset slowing demand in China caused by the coronavirus epidemic.
Trading Ideas
AstraZeneca 2020 forecasts hit by coronavirus, shares dive
Shares of the company, moving into a third year of growth after changes driven by Chief Executive Officer Pascal Soriot, sank 5% on Britain’s blue-chip index as it warned that the hit from the outbreak could last “a few months”. China was again a central driver for the company in the final quarter of 2019, with sales in the country growing 28% to $1.19 billion, making up 19% of total product sales in the period. The 2020 forecast was broadly in line with expectations, although some analysts have said anything less than double-digit sales growth would be a …read more […]
Business News
Zuckerberg accepts Facebook may pay more tax in different places: Politico
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes in different countries, Politico reported, citing excerpts of a speech he is due to give on Saturday.
Business News
European shares scale record even as coronavirus shows no signs of peaking
European shares touched record highs on Friday as investors digested whether China’s coronavirus outbreak would cause long-lasting damage to global economy.