Japanese companies are unlikely to invest in Saudi Aramco’s blockbuster initial public offering (IPO) because it is difficult to evaluate the value of the world’s biggest oil company, the head of Japan’s largest refiner said on Friday.
(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Richemont signaled it’s inclined to look after its own business rather than starting a bidding war against rival LVMH for jeweler Tiffany & Co. And the latest numbers show the Swiss watch and luxury company has some work to do.The Cartier owner’s shares fell as much as 5.6% Friday after it reported weaker-than-expected earnings and a slowdown in second-quarter revenue, hit by Hong Kong protests and investments in e-commerce.That contrasts with accelerating sales growth at LVMH and Hermes. Richemont risks being overshadowed …read more […]
GECAS, the aircraft leasing subsidiary of General Electric , has ordered 25 Airbus aircraft including a rare purchase of jets powered by GE’s rival engine maker Rolls-Royce, two people familiar with the matter said.
Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales.
Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10 billion to $15 billion in the final week of November, two people with direct knowledge of the matter told Reuters.
Q3 2019 Hecla Mining Co Earnings Call …read more […]
Q3 2019 Scorpio Tankers Inc Earnings Call …read more […]
Alibaba Group will kick off its annual 24-hour shopping extravaganza on Monday with deals and deep discounts galore, and a performance by American popstar Taylor Swift to top it all, as it pushes to rake in another record Singles’ Day sales. This year’s Nov. 11 bash comes as the $486 billion Chinese retail juggernaut navigates through a major turning point, the resignation in September of its flamboyant co-founder Jack Ma as chairman, and looks to raise up to $15 billion via a share sale in Hong Kong as early as this month. Akin to Black Friday and Cyber …read more […]
The value of the cost savings announced in the planned merger between Peugeot owner PSA and Fiat Chrysler is nominal, and its management will try to improve that over time, PSA’s chief executive told French BFM Business radio on Friday.
The U.S. Commodity Futures Trading Commission (CFTC) has just given the green light to another Swap Execution Facility (SEF) operated by cryptocurrency startup Tassat, following SeedCX’s and LedgerX’s SEF registrations. The post Another crypto derivatives exchange wins CFTC nod to offer physically-settled bitcoin swaps appeared first on The Block. …read more […]
Asian stocks retreated from six-month highs on Friday as conflicting signals from China and the United States on progress made in trade talks deflated market hopes of a near term truce to end their damaging tariff war.
The massive Keystone pipeline has been transporting oil from Canada to the United States at a higher-than-standard level of pressure since it started operating in 2010, thanks to a special permit granted by U.S. regulators on the condition operator TC Energy Corp would monitor the line closely.
German insurer Allianz on Friday posted a better-than-expected 0.6% rise in third-quarter net profit, helped by investment result and a lower tax rate, and said 2019 operating profit would be in the upper half of its targeted range. Net profit attributable to shareholders of 1.95 billion euros ($2.16 billion) compares with a forecast of 1.84 billion euro by analysts in a Refinitiv poll and is up from 1.94 billion euros a year earlier. “We are ready to reach the upper half of our operating profit outlook despite a significant increase in external challenges,” Chief Executive Officer …read more […]
Q3 2019 Progressive Corp Earnings Call …read more […]
Q3 2019 Prosiebensat 1 Media SE Earnings Call …read more […]
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