Business News
Oil steadies as traders eye U.S.-China talks, inventory data
Oil prices steadied on Tuesday as bearish forecasts of a buildup in U.S. crude stockpiles offset signs of progress in U.S.-China trade talks.
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Trading Ideas
REFILE-Trade tensions, jibes at U.S. overshadow Chinese cyber conference
At one of the world’s showpiece tech conferences in China, jibes at the United States for its ‘bully behaviour’ lent a Cold War tone to proceedings as trade tension once again reared its ugly head in an event that drew a dearth of top U.S. executives. The state-run World Internet Conference, one of the country’s most prominent tech events, took place this year against a backdrop of rising Sino-U.S. frictions and has been especially overshadowed by Washington’s moves against Chinese tech companies. The United States earlier this month placed several Chinese AI companies on a supplier blacklist and …read more […]
Business News
Investor revolt scuppers Sunrise’s $6.4 billion Liberty Global deal
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s Swiss cable business UPC.
Business News
Goldman Sachs lowers forecast 2020 U.S. shale oil output growth
Goldman Sachs wound back its forecast for growth in U.S. shale output in 2020, and slightly reduced its outlook for 2020 global oil demand growth.
Business News
China will keep door open to foreign investment, global industry despite trade tensions
China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday.
Business News
AMS posts third-quarter revenue jump, sees strong demand from Apple, others
Apple supplier AMS beat expectations with a 41% jump in third-quarter revenue on Tuesday and forecast further strong demand for its optical sensors from smartphone makers as it takes aim at a takeover of German lighting maker Osram .
Business News
UBS tightens investment banking belt as earnings slide continues
Swiss bank UBS is axing high-paying investment banking staff after a disappointing performance at the division prompted a 16% slide in third-quarter net profit and put the group’s 2019 profit goals further out of reach.
Trading Ideas
Cannabis Stock News Daily Roundup October 22
Namaste Technologies (TSXV: N) (FRANKFURT: M5BQ) (OTCMKTS: NXTTF) has entered into a secured convertible loan agreement with Choklat, a private chocolate manufacturer in Alberta. “We’re investing in Choklat to ensure they’re able to maximize the pending market opportunity for edibles,” stated Meni Morim, the CEO of Namaste. The Green Organic Dutchman Holdings Ltd. (TSX: TGOD) (US: TGODF) unveiled […]The post Cannabis Stock News Daily Roundup October 22 appeared first on Market Exclusive. …read more […]
Business News
Sunrise’s $6.4 billion takeover of UPC teeters as rights issue collapses
Sunrise Communications Group bowed to investor pressure on Tuesday and scrapped a rights issue needed to complete its 6.3 billion Swiss franc ($6.39 billion) acquisition of Liberty Global’s Swiss cable business UPC.
Business News
Arla’s CFO steps down to take up position at Ahold Delhaize
Arla Foods, one of the world’s largest dairy firms, said on Tuesday that Chief Financial Officer Natalie Knight will leave the company at the end of February because she is moving to Belgian food retailer Ahold Delhaize .
Business News
China will keep door open to foreign investment, global industry despite trade war
China will take steps to safeguard its interests, but won’t close its door to foreign investment and the global industry despite trade frictions with the United States, a Chinese official said on Tuesday.
Business News
Infosys probes alleged ‘unethical practices’ by top officials; shares sink
Infosys Ltd said it was investigating whistleblower claims accusing its top two executives of “unethical practices” to boost short-term profit, sending its shares to their worst intraday fall in over six years.
Business News
Fintech Revolut to launch in the U.S. by year-end with Mastercard deal
Digital banking app Revolut is set to begin issuing its cards in the United States by the end of this year via a partnership with payments company Mastercard Inc MA.N, the two companies said on Tuesday.
Business News
Oil slips as demand concerns outweigh U.S.-China trade optimism
Oil prices edged lower on Tuesday as lingering worries over a global economic slowdown that could hurt demand offset some signs of progress in U.S.-China trade talks.
Business News
Diaper rush: conquering a $9 billion market no one wants to talk about
The time may not be far off when more adults need diapers than babies as the population grows older, potentially a huge opportunity for manufacturers of incontinence products – if they can lift the stigma that has long constrained sales.