Argentina’s peso slumped on Thursday and its country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might face.
Best Buy Co Inc blamed planned U.S. tariffs on Chinese imports and uncertainty about future consumer behavior for a lower annual sales forecast, becoming the latest company to air concerns about President Donald Trump’s trade war with Beijing.
A rise in technology shares lifted Wall Street on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, easing investor fears of the risk of a recession.
Argentina’s peso slumped 3% on Thursday and country risk soared to levels not seen since 2005 after the government announced plans to “reprofile” about $100 billion of its debt, leaving investors scrambling to assess what kind of hit they might face.
India is targeting companies including Apple , Foxconn and Wistron Corp with a charm offensive aimed at encouraging them to shift business out of trade war-hit China, according to a source and a document seen by Reuters.
U.S. stocks opened sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United States, allaying investor worries of the risk of a recession.
The U.S. economy slowed in the second quarter, but the strongest growth in consumer spending in 4-1/2 years amid a strong labor market could further temper financial market expectations of a recession.
Wall Street was set to open sharply higher on Thursday, as China sounded hopeful of a resolution to the long-standing trade dispute with the United states, easing investor fears of the risk of a recession.
The top two U.S. discount store chains raised their full-year profit forecast on Thursday as a push on adding a range of new products – from fresh food to self-owned brands – starts to pay off, cushioning a blow from increased tariffs on Chinese imports.
Argentine country risk soared to levels not seen since 2008 and bond prices lurched to record lows on Thursday after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
AirAsia Group Bhd will announce on Friday an adjustment to its large Airbus SE order plans, confirming at least part of its order for A330neos while making room for the A321XLR, two people familiar with the matter said.
Argentina’s international dollar bonds fell to new record lows on Thursday and its debt-insurance costs rocketed after the government announced plans to “reprofile” some debt, leaving investors scrambling to assess what kind of hit they might face.
Apple Inc said on Friday it will begin selling parts, tools and repair guides to independent shops to fix broken iPhones, a major change after years of lobbying against laws in some U.S. states that would have compelled it to do just that.
U.S. stock index futures jumped about 1% on Thursday as China sounded upbeat about its trade talks with the United States, calming investors unnerved by the prospect of a recession.
Best Buy Co Inc forecast annual same-store sales below analysts’ estimates on Thursday, citing new U.S. tariffs set to be imposed on Chinese imports, such as phones, video game consoles and other electronics.
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