Credit Suisse will start charging wealthy clients with large cash deposits in Swiss francs, the latest Swiss bank to pass on negative interest rates to customers.
Renault shares slumped on Friday after the French carmaker cut its revenue guidance for 2019 and lowered its profitability forecast.
Oil prices slid on Friday on jitters over demand from China after the world’s largest oil importer recorded its weakest quarter of economic growth in nearly three decades, dragged down by a trade dispute with the United States.
Holiday Inn-owner InterContinental Hotels Group blamed lower business bookings in China and protests in Hong Kong for a 0.8% fall in quarterly revenue per room on Friday, the latest company to be pinched by weaker global travel.
Disinformation campaigns helped lead to the assassination of Martin Luther King, the daughter of the U.S. civil rights champion said on Thursday after the head of Facebook said social media should not factcheck political advertisements. The comments come as Facebook Inc is under fire for its approach to political advertisements and speech, which Chief Executive Mark Zuckerberg defended on Thursday in a major speech that twice referenced King, known by his initials MLK. …read more […]
InterContinental Hotels Group reported a 0.8% decline in revenue per room for the third quarter on Friday, as the Holiday Inn-owner was hurt by protests in Hong Kong and tougher trading conditions in the United States and China.
Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal.
Sweden’s AB Volvo on Friday reported a sharp fall in order intake of its trucks in the third quarter and forecast slumping market demand on both sides of the North Atlantic next year, taking the shine off forecast-beating earnings.
Asian stocks stumbled on Friday, erasing earlier gains after China posted its weakest growth in nearly three decades, countering a global lift in sentiment on the UK and European Union striking a long-awaited Brexit deal. China’s economy grew 6.0% in the third quarter, less than expected, and the weakest pace in at least 27-1/2 years, as the Sino-U.S. trade war hit demand at home and abroad. If there is any short-term move (higher) here in Asia it will genuinely be only short-term players because we’re not far from printing 5% in China GDP, and that’s not going to …read more […]
The world’s rich nations face a double-whammy, with ageing populations meaning more retirees — just as low and negative interest rates make it harder for pension funds to secure the investment returns needed to fill up their coffers.
When Frans Kolkman hung up his police badge in 2017, he was looking forward to a comfortable retirement. Two years later he’s among millions of Dutch pensioners facing a cut and fearing there may be worse to come.
Q3 2019 East West Bancorp Inc Earnings Call …read more […]
Sweden’s AB Volvo on Friday reported a sharp fall in order intake of its heavy-duty trucks in the third quarter and forecast double-digit percentage declines in commercial vehicles markets on both sides of the North Atlantic next year.
Apple Inc CEO Tim Cook met the chief of China’s market regulator in Beijing on Thursday, the Chinese agency said, a week after the U.S. firm was thrust into the midst of political tensions between the mainland and protesters in Hong Kong.
(Bloomberg) — Since an unprecedented blackout plunged millions of Californians into darkness last week, residents and state officials have questioned how utility giant PG&E Corp. came to the decision to cut the lights.Now they have some answers.In a report filed with California utility regulators on Thursday, the San Francisco-based company said three vice presidents are responsible for deciding whether the power goes out to keep electrical lines from igniting blazes: Michael Lewis, senior vice president of electric operations; Sumeet Singh, vice president of asset and risk management; and Ahmad Ababneh, vice president of electric operations on major projects and programs. …read more […]
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