Business & Finance News
The timescale for a possible stock market listing of UK supermarket group Asda, by its U.S. parent Walmart , is two to three years, Asda’s boss said on Wednesday.
Boeing Co on Wednesday said it would give $100 million to organizations to help families affected by the deadly crashes of the company’s 737 MAX planes in Indonesia and Ethiopia.
The horizon for a possible initial public offering (IPO) and stock market listing of UK supermarket group Asda by its U.S. parent Walmart is two to three years, Asda’s boss said on Wednesday.
Britain’s competition regulator has launched an investigation into the power wielded by Facebook and Google in digital advertising markets, including the ownership of data.
The S&P 500 index hit a record high on Wednesday, led by defensive sectors, as bets of an interest rate cut rose on fears of a slowing global economy due to simmering trade tensions.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
Record low bond yields in Europe and the expectation of further interest rate cuts by central banks worldwide helped push global stock market indices higher Wednesday as the benchmark U.S. S&P 500 hit another record high.
The S&P 500 index hit a record high at the open on Wednesday, boosted by healthcare stocks, as bets of an interest rate cut were spurred by fears of a slowing global economy due to simmering trade tensions.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, overshadowing a broad rise in exports.
The S&P 500 index was set to open at a record high on Wednesday, bolstered by rising bets of an interest rate cut as global benchmark bond yields fell to new lows on growth fears.
The U.S. trade deficit jumped to a five-month high in May as imports of goods increased, likely as businesses restocked ahead of an increase in tariffs on Chinese merchandise, eclipsing a broad rise in exports.
Shares of Tesla Inc jumped 8% on Wednesday after Chief Executive Officer Elon Musk made good on his promise of delivering record number of electric cars in the second quarter, quelling fears about demand for its sedans and SUVs.
Investors returned to bonds on Wednesday, setting off another slide in benchmark debt yields, amid fears of a global trade war and recession, bets central banks will cut interest rates and falling oil prices.
U.S. stock index futures edged higher on Wednesday, as benchmark bond yields tumbled on fears of a global recession and expectations of interest rate cuts by central banks.
Deutsche Bank expects the cost of a major overhaul in the works to be up to 5 billion euros ($3.4-$5.6 billion), one person familiar with the matter said on Wednesday.
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