U.S. stock index futures rose on Thursday as China’s plan to halve additional tariffs on some American goods helped allay fears over the financial fallout of the coronavirus epidemic.
Total revenue, excluding transaction-based expenses, fell nearly 1% to $1.30 billion, in line with analysts’ expectations, as weak transaction and clearing business offset a rise in revenue at its data services unit. NYSE-owner ICE has been focusing more on more stable business like data services, moving away from market-dependent services, in a bid to minimize the impact of volatility swings. Revenue from the transaction and clearing unit fell 3.2% to $626 million in the quarter. …read more […]
Stock markets across the world rose on Thursday, buoyed by record highs on Wall Street and a move by China to halve tariffs on some U.S. goods that emboldened bets that the global economy would avoid long-term damage from the coronavirus.
Exxon Mobil Corp and the Papua New Guinea government must return to the negotiating table so that a $13 billion expansion of gas production can proceed, the head of French oil major Total , a partner in the plan, said on Thursday.
Headlines moving the stock market in real time. …read more […]
Deutsche Bank on Thursday revealed that Los Angeles-based Capital Group has taken a 3.1% stake, boosting shares in Germany’s largest bank which has been hit by losses and misconduct scandals.
Equinor joined other major European oil and gas companies on Thursday by including emissions from the fuel it sells to customers in its carbon reduction targets as investors step up the pressure on fossil fuel producers.
Fiat Chrysler posted a 7% rise in fourth-quarter profit on Thursday, boosted by strong business in North America and better results in Latin America as it heads into a merger with France’s PSA . The Italian-American carmaker said adjusted earnings before interest and tax (EBIT) rose to 2.12 billion euros ($2.3 billion), in line with a 2.11 billion forecast in Reuters poll of analysts. A trader said Fiat Chrysler (FCA) results were “a touch above” expectations and the carmaker’s shares in Milan were up 3.4% at 1300 GMT following the results. …read more […]
(Bloomberg) — Beijing voiced anger as countries placed more restrictions on travelers from China to contain the coronavirus outbreak that has now claimed 565 lives. Technical experts from the OPEC+ group of oil producers recommended cutting output to offset the demand impact from the outbreak.China’s top LNG buyer declared force majeure on contracts and Tesla temporarily closed its stores in the nation. Equities rose on China’s plans to cut tariffs on U.S. imports and optimism the global economy can withstand the impact of the virus.Bloomberg is tracking the outbreak on the terminal and online.Key DevelopmentsChina death toll at 563; mainland …read more […]
Prominent Swiss investment adviser Ethos Foundation has called on Credit Suisse Chairman Urs Rohner to step down in a boardroom battle with Chief Executive Tidjane Thiam sparked by a scandal over the Swiss bank’s spying on executives.
Bristol-Myers Squibb Co said on Thursday its operating profit rose by around a third from a year ago because fourth-quarter results included some revenue from Celgene, which the U.S. drugmaker bought in a $74 billion deal that closed in late November. Bristol-Myers said on an operating basis it earned $1.22 a share on $7.95 billion of revenue in the quarter. The results included Celgene revenue beginning Nov. 20. …read more […]
British trade minister Liz Truss on Thursday set out the country’s priorities for a post-Brexit trade deal with the United States.
Pilots of an Emirates passenger jet that crashed in 2016 while attempting to abort a landing in Dubai failed to notice that the Boeing 777’s engine thrust settings remained too low and cut short a procedure, investigators said on Thursday. All 300 passengers and crew were safely evacuated but a firefighter died tackling flames after the Boeing 777-300, arriving from India, caught fire after skidding along the Dubai airport runway on its fuselage in August 2016. The Federal Aviation Authority said pilots of flight EK521 tried to abort the landing after the plane’s main wheels had already touched …read more […]
Total beat forecasts on Thursday by keeping net adjusted fourth-quarter profit steady at $3.2 billion despite low oil prices and fulfilled a pledge to boost dividends, lifting the French energy firm’s shares.
Alphabet Inc’s Google Maps on Thursday launched a redesign that prominently solicits users’ reviews and photos of places they visit, seeking to grow its data in a field led by local search apps such as Zomato, TripAdvisor and Yelp.
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