Every investor on earth makes bad calls sometimes. But really big losses can really drag down an overall portfolio. So… …read more […]
Swiss drugmaker Roche is struggling to deliver diagnostic tests for the coronavirus to large Chinese cities after Communist Party rulers halted people from entering and leaving in a bid to halt the spreading outbreak. “Getting the goods to hospitals has been a real challenge,” Roche diagnostics boss Thomas Schinecker told reporters on Thursday. Chief Executive Severin Schwan said Roche was the first company to supply tests to diagnose the virus, thought to have originated in a food market in the city of Wuhan with about 11 million people, and has now seen thousands of cases and at least …read more […]
The boss of Jaguar Land Rover (JLR) will step down from his role at the end of his contract term in September as Britain’s biggest carmaker shows signs of improvement after a torrid 2019 of job cuts, deep losses and falling sales.
Generally speaking the aim of active stock picking is to find companies that provide returns that are superior to the… …read more […]
Deutsche Bank plunged to a bigger than expected loss of 5.7 billion euros ($6.3 billion) last year, its fifth in a row, as the cost of its latest turnaround attempt hit earnings.
Deutsche Bank’s chief executive on Thursday told German broadcaster n-tv that he did not think Germany’s top bank would apply negative interest rates to the accounts of private customers in general.
A rapidly spreading virus outbreak in China is emerging as a potentially major new risk to the global economy and leaving policymakers, still grappling with the impact of the Sino-U.S. trade war, fretting over the widening fallout.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.BT Group Plc is expecting a 500 million-pound ($650 million) hit over the next five years from the U.K.’s decision to restrict Huawei Technologies Co. in the nation’s broadband infrastructure.Chief Executive Officer Philip Jansen said Thursday the telecommunications company is reviewing the government’s guidance to determine the full impact on its plans. Huawei is one of BT’s biggest suppliers of telecom equipment, and in the U.K. has a 44% market share in full-fiber components.BT shares fell 6.3% at 9:37 a.m. in London …read more […]
(Bloomberg) — The coronavirus death toll rose to 170 and confirmed cases in China soared past 7,700, as the outbreak spread to India and the Philippines for the first time.Asian and European stocks slumped with U.S. futures amid mounting evidence that the outbreak is disrupting China’s economy. Economists have started cutting growth forecasts as authorities tighten travel restrictions and lock down cities, while companies suspend their China operations.With the disease spreading across the globe, the World Health Organization is gathering Thursday to consider issuing a health emergency.Death toll rises to 170, China cases jump to 7,711Bloomberg is tracking the outlook …read more […]
Stocks across the world tumbled on Thursday as the death toll from a virus spreading in China reached 170, forcing airlines to cut flights and stores to close as the potential economic hit from the outbreak came into focus.
Frankfurt will no longer host the German auto show from 2021 after almost 70 years as the home of the annual exhibition of the industry’s latest innovations, the VDA auto association said late on Wednesday.
Avast allegedly collected data on what many of its users did online and sent it to its unit, which then offered to sell the information to clients, according to the media reports earlier this week. Jumpshot, which Avast started in 2015, and the company acted “fully within legal bounds” in the years since then, Avast Chief Executive Officer Ondrej Vlcek said in a blog post https://blog.avast.com/a-message-from-ceo-ondrej-vlcek shortly after its trading update on Thursday. Vlcek said the decision to close Jumpshot would affect “hundreds” of employees and was taken after a review that the company did not want continue …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG struggled to boost revenue in two key units and reported a larger-than-expected loss in the fourth quarter, overshadowing trading gains at the investment bank as Chief Executive Officer Christian Sewing seeks to turn around the lender.Germany’s largest bank reported a loss of 1.5 billion euros ($1.65 billion), compared with estimates for 1.04 billion euros, after taking bigger writedowns in the final three months of the year than analysts had anticipated. While trading revenue surged, the transaction bank — at …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Royal Dutch Shell Plc slowed the pace of share buybacks as profit missed expectations, underscoring the pressure on Big Oil due to slumping natural gas prices and weaker refining.The results set a gloomy tone for what is expected to be a broadly weaker set of quarterly results for the industry. The final months of last year saw gas trade at historic lows, while slowing economic growth shrank margins from making fuel and chemicals.The Anglo-Dutch company first warned investors last quarter that it …read more […]
Oil prices fell on Thursday as alarm spread over the economic impact of the Wuhan virus in China, while a bigger-than-expected increase in U.S. crude stocks added to the negative tone.
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