Editor – Page 5665

Graphic: Race is on for second place after Apple’s $1 trillion valuation

August 6, 2018 Editor Comments Off

Amazon, Microsoft and Alphabet are locked in a tight race to become the second publicly-listed U.S. company to reach a $1 trillion stock market value after Apple became the first to touch the 13-digit milestone. Wall Street’s optimism about last year’s 10th anniversary iPhone, coupled with record share buybacks, have propelled Apple’s stock 34 percent higher over the past 12 months, pushing the company’s stock market value above $1 trillion on Thursday. The Cupertino, California company’s shares added another 0.3 percent on Friday, putting its market capitalization at $1.005 trillion. …read more […]

European shares look past trade fears, but sentiment cautious

August 6, 2018 Editor Comments Off

European shares reversed earlier losses and rallied on Monday as investors focused on prospects for bumper corporate earnings, although fears of a further escalation in the U.S.-China trade conflict left broader market sentiment cautious.

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China fines Alipay for violating payment services regulations

August 6, 2018 Editor Comments Off

The Shanghai head office of China’s central bank has levied a fine of 4.12 million yuan ($601,846) on Alipay, the online payment platform of Ant Financial, for violating regulations on payment services, the regulator said on Monday.

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Oil gains after monthly Saudi output unexpectedly drops

August 6, 2018 Editor Comments Off

Oil rose on Monday after Saudi crude production unexpectedly fell in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.

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EU asks WTO to certify it has removed Airbus subsidies

August 6, 2018 Editor Comments Off

The European Union has asked the World Trade Organization to certify that it has complied with WTO rulings on its subsidies for planemaker Airbus, attempting to forestall billions of dollars of U.S. sanctions, a document published by the WTO showed on Monday. The legal move is the latest step in a 14-year-old trade dispute between the EU and the United States over funding for Airbus (AIR.PA) and its U.S. rival Boeing. …read more […]

Is Samsung's Galaxy Note 9 an iPhone killer?

August 6, 2018 Editor Comments Off

CFRA senior equity analyst Angelo Zino on the Samsung Galaxy Note 9 leaks and the outlook for Apple. …read more […]

PepsiCo CEO Nooyi to step down, Ramon Laguarta to succeed

August 6, 2018 Editor Comments Off

PepsiCo Inc said on Monday Indra Nooyi would step down as chief executive officer after 12 years at the helm and named President Ramon Laguarta as her replacement.

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Honda to recall 96,900 SUVs in China, runs checks on two models

August 6, 2018 Editor Comments Off

Honda Motor Co on Monday said it will recall 96,900 Avancier sport utility vehicles (SUVs) in China, due to a cold-climate engine problem that has already led to hundreds of thousands of its vehicles being recalled earlier this year.

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Vietnam jails former bankers in graft crackdown

August 6, 2018 Editor Comments Off

A court in Vietnam handed lengthy prison terms on Monday to several former bankers accused of mismanagement, amid a crackdown on corruption in the communist-ruled country.

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Why Boeing Is in Good Shape in 2018

August 6, 2018 Editor Comments Off

The aerospace giant is benefitting from strong end markets while it makes strategic moves to dominate the aerospace industry. …read more […]

Ready to Retire? 3 Ways You Might Benefit From Working 1 Extra Year

August 6, 2018 Editor Comments Off

Before you call it quits on the career front, consider how putting in one more year could work wonders for your golden years. …read more […]

Oil gains after monthly Saudi output shows surprise drop

August 6, 2018 Editor Comments Off

Oil rose on Monday after Saudi crude production registered an unexpected decline in July and U.S. drilling appeared to slow, although the price is still almost 10 percent below its 2018 high of more than $80 a barrel.

…read more […]

Shares struggle as trade fears weigh on sentiment

August 6, 2018 Editor Comments Off

European shares struggled on Monday as fears of the escalating U.S.-China trade conflict outweighed the boost to sentiment from Chinese authorities’ intervention last week to shore up its currency.

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China’s Didi to invest $1 billion in its auto services platform

August 6, 2018 Editor Comments Off

Didi Chuxing Technology, China’s largest ride-hailing service, said on Monday it will invest $1 billion in its auto services business, part of a larger unit rebranding as the company ramps up to a widely anticipated initial public offering (IPO).

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BOJ’s architect of ‘shock and awe’ plots retreat from stimulus

August 6, 2018 Editor Comments Off

More than five years into a radical plan to boost the world’s third-biggest economy, the Bank of Japan sent a message of quiet surrender last week, admitting it couldn’t stoke inflation and walking back steps intended to do so.

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