Saudi Arabia’s wealthy Gulf neighbors plan to invest in the initial public offering (IPO) of Saudi Aramco, sources familiar with the matter said, helping out Riyadh as it strives to raise $25.6 billion from a domestic listing of the state oil giant.
Deutsche Bank has sold $50 billion (45 billion euros) in unwanted assets to Goldman Sachs as part of its restructuring, a person with knowledge of the matter said on Wednesday, confirming a Bloomberg report.
Deere & Co. on Wednesday reported lower fourth-quarter earnings, hurt by trade tensions as well as poor weather in the U.S. farm belt that have slowed equipment purchases by farmers. “Lingering trade tensions coupled with a year of difficult growing and harvesting conditions have caused many farmers to become cautious about making major investments in new equipment,” said new chief executive officer John May. Industry sales of agricultural equipment in the U.S. and Canada, the company’s biggest market, are expected to be down about 5%, on the back of lower demand for large equipment. …read more […]
The next time you wash your dishes, you could find yourself up to your elbows in soap suds spiked with leftover alcohol, if the world’s largest brewer and a environmentally friendly detergent firm have their way.
This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios… …read more […]
Today we’re going to take a look at the well-established Emerson Electric Co. (NYSE:EMR). The company’s stock led the… …read more […]
Many investors are still learning about the various metrics that can be useful when analysing a stock. This article is… …read more […]
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Deutsche Bank AG sold another chunk of unwanted assets to Goldman Sachs Group Inc. as part of a radical restructuring that’s seeing the German firm exit businesses where it’s been unable to compete.The nation’s largest lender recently sold securities with a notional value of about 40 billion pounds ($51 billion) to the U.S. bank, people briefed on the matter said. The assets are tied to emerging market debt and were previously housed in Deutsche Bank’s wind-down unit, one person said. They asked …read more […]
Chinese smartphone maker Xiaomi Corp posted its slowest-ever quarterly revenue growth, as the country’s smartphone market copes with a protracted lull in sales and bigger rival Huawei grabs more market share. Demand for smartphones has eased in China as consumers hold on to devices longer. As well, Chinese shoppers have rallied behind and boosted sales at Huawei, the world’s second-largest smartphone maker, which was added to a trade blacklist by the United States. …read more […]
A British biotech startup is developing a method of textile dyeing that taps into the bright colors of birds and butterflies and has micro-organisms recreate them on fabric, slashing the use of water and heavy chemicals in the process.
Oil steadied above $64 a barrel on Wednesday as an industry report showing a surprise boost in U.S. crude inventories was offset by optimism about a U.S.-China trade deal being agreed.
Budget airline Norwegian Air is ending flights from Copenhagen and Stockholm to the United States and Thailand due to weak demand and technical problems affecting the engines on its Boeing 787 Dreamliners, it said on Wednesday.
Chinese smartphone maker Xiaomi Corp posted its slowest-ever quarterly revenue growth, as the country’s smartphone market copes with a protracted lull in sales and bigger rival Huawei [HWT.UL] grabs more market share. Demand for smartphones has eased in China as consumers hold on to devices longer. As well, Chinese shoppers have rallied behind and boosted sales at Huawei, the world’s second-largest smartphone maker, which was added to a trade blacklist by the United States. …read more […]
The global stock market rally has further to run in 2020, according to analysts, brokers and strategists polled by Reuters, but much depends on U.S. and Chinese officials making real progress in stopping a disruptive trade war.
Budget airline Norwegian Air is ending flights from Copenhagen and Stockholm to the United States and Thailand due to weak demand and technical problems affecting the engines on its Boeing 787 Dreamliners, it said on Wednesday. Flights between Oslo and the U.S. will continue, it added. “Scandinavia isn’t big enough to maintain intercontinental flights from Oslo, Stockholm and Copenhagen,” Senior Vice President Commercial Matthew Wood said in a statement. …read more […]
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