Trading Ideas
3 Growth Stocks to Buy and Hold for the Next 50 Years
Investors looking for growth opportunities they can hold for decades should consider these stocks. …read more […]
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Business News
Walmart’s U.S. e-commerce growth rebounds, shares rise
NEW YORK (Reuters) – Walmart Inc, the world’s biggest retailer, on Thursday posted a 33 percent rise in U.S. e-commerce sales, rebounding from the 23 percent growth witnessed in the previous quarter, sending its shares up in premarket trade.
Business News
Stock futures drop as Cisco disappoints; trade talks eyed
(Reuters) – U.S. stock futures dipped on Thursday after Cisco’s disappointing forecast, while investors fretted about rising U.S. Treasury yields and looming trade talks between the United States and China.
Trading Ideas
Exclusive – As Rosneft’s Vietnam unit drills in disputed area of South China Sea, Beijing issues warning
Rosneft Vietnam BV, a unit of Russian state oil firm Rosneft (ROSN.MM), is concerned that its recent drilling in an area of the South China Sea that is claimed by China could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. Rosneft said on Tuesday its Vietnamese unit had started drilling at the LD-3P well, part of the Lan Do “Red Orchid” offshore gas field in Block 06.1, 370 kms (230 miles) southeast of Vietnam. The block is “within the area outlined by China’s nine-dash line,” according to energy consultancy and research firm …read more […]
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Rosneft says South China Sea drilling is within Vietnam waters
Drilling in the South China Sea by Rosneft is within Vietnamese territorial waters, the Russian state oil firm said in a statement on Thursday, two days after its Vietnamese subsidiary began drilling in Vietnamese waters claimed by China. Rosneft’s local unit, Rosneft Vietnam BV, is concerned that its recent drilling in an area of the South China Sea that falls within China’s “nine-dash line” could upset Beijing, two sources with direct knowledge of the situation told Reuters on Wednesday. …read more […]
Business News
Volkswagen’s biggest brand to by-pass Paris auto show
BERLIN (Reuters) – Volkswagen will not display its core brand at the Paris motor show this year, the latest and most prominent carmaker to swerve the biennial industry gathering.
Business News
Blood but not much treasure: Vivendi’s European media crusade
MILAN/LONDON (Reuters) – French tycoon Vincent Bollore’s stated goal to create a southern European media empire faces defeat in Italy, despite pumping 5 billion euros ($5.9 billion) into his biggest foreign conquest, raising questions over whether the strategy ever existed.
Business News
Walmart U.S. e-commerce sales up 33 percent in first quarter, comparable sales match estimates
NEW YORK (Reuters) – Walmart Inc on Thursday reported a 33-percent rise in U.S. e-commerce sales during the first quarter, slower than during the same period a year ago but faster than the previous quarter’s 23-percent advance.
Business News
Airbnb to report homeowners’ income to Danish tax authorities
COPENHAGEN (Reuters) – Airbnb will automatically report homeowners’ income to Danish tax authorities in what will be the first such agreement globally for the short-term rental service.
Business News
British gaming firm enlists army of players to create Worlds Adrift
LONDON (Reuters) – British game maker Bossa Studios will release Worlds Adrift on Thursday, an ambitious adventure game designed to appeal to the Minecraft generation that has taken three years and 50,000 gamers to create.
Business News
At Germany’s SAP, employee mindfulness leads to higher profits
BERLIN – Peter Bostelmann, an industrial engineer at Europe’s technology giant SAP, discovered meditation during a personal crisis a decade ago.
Business News
China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK
TOKYO (Reuters) – China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.
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China says no one can carry out oil, gas activities in Chinese waters without Beijing’s permission
BEIJING (Reuters) – China’s Foreign Ministry said on Thursday that no country, organisation, company or individual can carry out oil and gas exploration or exploitation in Chinese waters without permission … …read more […]
Business News
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014 at almost $80 a barrel.
Business News
Exclusive: Vitol, Glencore, Shell in running for Petrobras’ Nigerian assets
LONDON (Reuters) – The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submitting bids earlier this month.