Business News
Daimler warns on 2019 profit outlook as diesel issues bite
Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles to hundreds of millions of euros.
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Business News
U.S. explores requiring domestic 5G equipment to be made outside China: WSJ
U.S. President Donald Trump is looking to require next-generation 5G cellular equipment used in the United States to be designed and manufactured outside China, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
Business News
Daimler cuts 2019 profit outlook on diesel issues
Daimler has cut its earnings outlook for this year after lifting provisions for issues related to its diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday.
Business News
FedEx misses delivery of Huawei package to U.S.; China paper says retaliation threatened
FedEx Corp said on Sunday an operational error prevented a Huawei Technologies package from being delivered to the United States, just weeks after the U.S. delivery company said an error led to the Chinese firm’s packages being misdirected.
Business News
Daimler cuts profit expectations on diesel issues
Daimler has cut its earnings outlook for this year after lifting provisions for issues related to diesel vehicles by “a high three-digit million euro amount”, the carmaker said on Sunday.
Business News
Daimler trims profit expectations on diesel issues
Daimler has increased provisions for issues related to diesel vehicles, the company said on Sunday, dimming the prospects for the carmaker’s second-quarter earnings.
Business News
Germany’s Metro says $6.6 billion bid undervalues company
Metro said that an unsolicited offer by two prominent investors to take over the German retailer substantially undervalues it and advised shareholders on Sunday to hold off on taking action until management comments further.
Business News
FedEx, in another error, misses delivery of Huawei package to U.S.
FedEx Corp said on Sunday an operational error prevented a Huawei Technologies package from being delivered to the United States, just weeks after the U.S. delivery firm said an error led to the Chinese firm’s packages being misdirected.
Business News
Illiquid assets held by Woodford’s UK fund pose hurdle to reopening
Trading in Neil Woodford’s 3.7 billion pound ($4.69 billion) Equity Income Fund may not be reopened swiftly after it was suspended on June 3 because of the illiquid assets it holds.
Business News
India’s space startups ignite investor interest
From companies building palm-sized satellites to those aiming to propel satellites into space using cleaner fuels, a new wave of space technology startups are mushrooming in India, catching the attention of investors keen to join the space race.
Business News
FedEx apologizes for not delivering Huawei phone to U.S., cites operational error: report
FedEx Corp said an “operational error” caused a Huawei Technologies Co Ltd phone to not be delivered to the United States and the package delivery company apologized for the error, the Global Times reported on Sunday.
Business News
Hudson’s Bay’s chairman’s buyout bid pits retail versus real estate
The success of Hudson’s Bay Co Executive Chairman Richard Baker’s $1.3 billion bid to take the department store operator private hinges on whether an independent valuator will view the company more as a retailer and less as a real estate owner, corporate governance experts and analysts said.
Business News
Velodyne Lidar hires bankers for an IPO: Business Insider
Autonomous vehicle technology company Velodyne Lidar has hired bankers for an initial public offering, Business Insider reported on Saturday, citing sources familiar with the process.
Business News
Daimler to recall 60,000 Mercedes diesels in Germany over emissions
Daimler must recall 60,000 Mercedes diesel cars in Germany after regulators found that they were fitted with software aimed at distorting emissions tests, the Transportation Ministry said on Saturday.
Trading Ideas
These Three Amigos Can Boost Your Portfolio
The U.S., Mexico and Canada are the rebellious children of Europe’s empires. Because of that, there’s a certain kinship among them.
That kinship led to the creation of the North American Free Trade Agreement (NAFTA) in 1994. NAFTA brought all three economies closer together.
It’s been an economic boon.
America’s 2018 GDP was nearly triple what it was in 1994. Mexico’s and Canada’s GDP each more than doubled in the same time span.
The U.S., Canada and Mexico are one another’s largest trade partners. Mexico and Canada ranked No. 1 and No. 2, respectively, in total trade value with America last year.
But the agreement …read more […]