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Business News

Directors of Australia’s Crown Resorts attack ‘deceitful campaign’ in letter

July 31, 2019 admin Comments Off on Directors of Australia’s Crown Resorts attack ‘deceitful campaign’ in letter

Casino operator Crown Resorts on Wednesday dismissed media reports that it flouted visa rules to bring Chinese gamblers to Australia after the government ordered an inquiry into immigration officials’ dealings with the company.

…read more […]

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Business News

Spotify revenue beats on higher subscriber addition

July 31, 2019 admin Comments Off on Spotify revenue beats on higher subscriber addition

Spotify Technology SA on Wednesday reported better-than-expected second-quarter revenue as the music streaming company added more paid subscribers to its premium service.

…read more […]

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Business News

Getting under the hood of Amazon’s auto ambitions

July 31, 2019 admin Comments Off on Getting under the hood of Amazon’s auto ambitions

Amazon.com Inc is expanding its transportation prowess to do virtually everything short of building a car.

…read more […]

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Increasingly cautious global funds build cash buffer; cut equities: Reuters poll

July 31, 2019 admin Comments Off on Increasingly cautious global funds build cash buffer; cut equities: Reuters poll

“More caution” was the mantra of global fund managers in July, with recommended equity allocations cut to the lowest since early 2017 and suggested cash holdings increased to the highest in five months, a Reuters poll showed.

…read more […]

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Oil rises for fifth session as stockpiles fall and market awaits Fed

July 31, 2019 admin Comments Off on Oil rises for fifth session as stockpiles fall and market awaits Fed

Oil prices rose for a fifth day on Wednesday, supported by a drop in U.S. inventories and investor expectations that the U.S. Federal Reserve will lower borrowing costs for the first time since the financial crisis more than a decade ago.

…read more […]

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Lloyds Bank plays down Brexit fears as mis-selling charge hits profits again

July 31, 2019 admin Comments Off on Lloyds Bank plays down Brexit fears as mis-selling charge hits profits again

Lloyds Banking Group played down mounting concerns about Britain’s Brexit crisis as it missed first-half profit forecasts due to a much larger than expected charge for mis-selling insurance.

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Trade tensions weigh on stocks as markets await Fed verdict

July 31, 2019 admin Comments Off on Trade tensions weigh on stocks as markets await Fed verdict

Fresh trade war fears weighed on global stocks on Wednesday ahead of a U.S. Federal Reserve meeting with the dollar holding firm and Britain’s pound subdued amid rising fears of no-deal Brexit.

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Credit Suisse hails cost discipline as net profit jumps 45%

July 31, 2019 admin Comments Off on Credit Suisse hails cost discipline as net profit jumps 45%

Credit Suisse posted its highest quarterly earnings in four years on Wednesday, hailing frugal cost management as paying off in a tough environment.

…read more […]

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U.S., China trade meeting ends with sharp response to Trump

July 31, 2019 admin Comments Off on U.S., China trade meeting ends with sharp response to Trump

Talks between U.S. and Chinese trade officials seeking ways to end a year long trade war lasted barely half a day before ending on Wednesday with a terse response from China’s Foreign Ministry to U.S. President Donald Trump’s warning not to stall.

…read more […]

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Brexit and subsidy row cloud strong Airbus profits

July 31, 2019 admin Comments Off on Brexit and subsidy row cloud strong Airbus profits

Airbus urged European governments to step up plans for a “likely” no-deal Brexit and settle a long-running subsidy dispute with the United States to help limit trade risks for Europe’s largest planemaker.

…read more […]

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China accuses U.S. of flip-flopping in trade negotiations

July 31, 2019 admin Comments Off on China accuses U.S. of flip-flopping in trade negotiations

China’s foreign ministry said on Wednesday that the United States was to blame for flip-flopping in bilateral trade negotiations over the past year, after comments from U.S. President Donald Trump warning Beijing against stalling talks.

…read more […]

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Aston Martin shares plunge to new low as carmaker slumps to half-year loss

July 31, 2019 admin Comments Off on Aston Martin shares plunge to new low as carmaker slumps to half-year loss

Shares in Aston Martin plunged 17% to a post-flotation low on Wednesday after the luxury British carmaker slumped to a half-year loss, the latest automotive firm to be hit by falling demand in Europe.

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German prosecutors charge ex-Audi boss Stadler over emissions cheating

July 31, 2019 admin Comments Off on German prosecutors charge ex-Audi boss Stadler over emissions cheating

German prosecutors said on Wednesday they had filed charges against former Audi Chief Executive Rupert Stadler, who is being investigated for his role in Volkswagen’s emissions test cheating scandal.

…read more […]

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Business News

EssilorLuxottica eyes bigger global retail network with $8 billion deal for GrandVision

July 31, 2019 admin Comments Off on EssilorLuxottica eyes bigger global retail network with $8 billion deal for GrandVision

EssilorLuxottica , the world’s largest eyewear maker, announced on Wednesday it is buying Dutch optical retailer GrandVision in a cash transaction worth up to 7.2 billion euros ($8 billion) to expand its global retail network.

…read more […]

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Business News

Oil rises for fifth straight day as market awaits Fed, stockpiles fall

July 31, 2019 admin Comments Off on Oil rises for fifth straight day as market awaits Fed, stockpiles fall

Oil prices rose for a fifth day on Wednesday, buoyed by a bigger-than-expected drop in U.S. inventories and as investors awaited a widely expected cut in interest rates by the U.S. Federal Reserve, the first in more than 10 years.

…read more […]

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Carbonium Core (NASDAQ: TOMZ) Targets $1.5 Billion Annual Revenue Opportunity—Could It Become the MP Materials of Nuclear-Grade Graphite?

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Carbonium Core (NASDAQ: TOMZ) Targets $1.5 Billion Annual Revenue Opportunity—Could It Become the MP Materials of Nuclear-Grade Graphite? The AI revolution is creating an unprecedented surge in electricity demand—and Carbonium […]

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