U.S. chipmaker Micron Technology Inc gave on Tuesday quarterly sales and profit forecasts well below Wall Street estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening.
Asian share markets played second string to bonds on Wednesday as a spectacular fall in the price of oil spurred speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the session.
SoftBank Corp shares slumped more than 10 percent on debut, as investor appetite for Japan’s biggest ever IPO was hurt by a recent service outage at the telecoms operator and worries over its exposure to Chinese telecoms gear maker Huawei.
U.S. oil prices rose on Wednesday to claw back part of their more than 5 percent losses from the previous session, with worries about oversupply and a slowing global economy keeping markets under pressure.
National Australia Bank shareholders delivered an unprecedented protest vote against the lender’s executive remuneration plans on Wednesday, the latest display of investor disquiet over poor governance in the country’s financial sector.
Oil prices tumbled more than 5 percent on Tuesday in heavy trade due to fears of oversupply and deteriorating demand, extending a selloff that has taken major crude benchmarks down more than 30 percent from an October peak.
The Boring Company, Elon Musk’s underground transit venture, planned an unveiling of its first tunnel on Tuesday, two years after the billionaire entrepreneur complained about Los Angeles traffic and vowed to “just start digging” as a remedy.
FedEx Corp on Tuesday slashed its 2019 forecast after Europe’s economy weakened and the U.S. trade row exacerbated a slowdown in China, sending shares in the package delivery company tumbling more than 6 percent after the closing bell.
SoftBank Corp shares slumped more than 10 percent in their debut on Wednesday, as investor appetite for Japan’s biggest ever IPO was hurt by a recent major service outage and worries over its exposure to Chinese telecom gear maker Huawei.
SoftBank Corp shares slid in its market debut on Wednesday, as investor appetite was spoiled by a major service outage this month and worries over its exposure to Chinese telecom equipment maker Huawei Technologies Co [HWT.UL].
Asian share markets played second fiddle to bonds on Wednesday as a spectacular fall in the price of oil fanned speculation the U.S. Federal Reserve might be done with tightening after its policy meeting later in the day.
Britain risks driving banks overseas if current high levels of taxation on the industry are maintained after Brexit, a bank lobby group said on Wednesday.
U.S. package delivery company FedEx Corp on Tuesday cut its 2019 forecast after Europe’s economy weakened and the U.S. trade skirmish exacerbated a slowdown in China, sending its shares tumbling as much as 6 percent in after-hours trade.
Bankrupt U.S. retailer Sears Holdings Corp will take a charge of about $443 million arising from store closures, a regulatory filing showed on Tuesday.
U.S. chipmaker Micron Technology Inc on Tuesday gave a quarterly sales and profit forecast well below Wall Street’s estimates, citing a market glut of memory chips as consumer and business demand for phones and computers is weakening.
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