Business & Finance News
Adidas raised its 2018 profit forecast on Wednesday after selling more of its top-end sports shoes, although the German sportswear and fashion firm cut its revenue target due to a fall in sales in western Europe.
Finnish mobile telecom network maker Nokia announced on Wednesday that it had signed frame deals with China Mobile, China Telecom and China Unicom worth more than 2 billion euros ($2.3 billion).
Wall Street stock futures and Asian shares lost steam on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda.
German carmaker BMW’s third-quarter operating profit fell 27 percent to 1.75 billion euros on Wednesday, below analyst expectations, as higher research and development expenses weighed on earnings.
U.S. stock futures pointed to a modestly higher opening on Wall Street on Wednesday after Democrats won control of the House of Representatives in U.S. mid-term congressional elections.
German sportswear firm Adidas hiked its 2018 profit guidance, citing a strong financial performance in the first nine months of the year, but trimmed revenue target due to weaker-than-expected growth in western Europe.
The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank’s governor, three sources familiar with the government’s thinking told Reuters.
U.S. stock futures pointed to a strong opening on Wall Street after Democrats won control of the House of Representatives in U.S. mid-term congressional elections on Tuesday.
Software engineer Samee Alam was ready to take the big leap and buy an iPhone in this week’s Diwali festival sales, but at the last minute he opted for cheaper Chinese competitor OnePlus instead.
Wall Street stock futures and Asian shares held earlier gains on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda.
Grocery group Ahold Delhaize will roll out small, automated warehouses to speed order picking and cut delivery times, Reuters has learned, as it revamps its ecommerce business in response to rising competition in a fast-growing sector.
Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank’s next board meeting on November 19, online financial publication Moneylife reported on Wednesday, citing sources in touch with the governor.
U.S. stock futures held onto gains on Tuesday after media projections showed the Democrats winning control of the House of Representatives in U.S. midterm congressional elections.
Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank’s next board meeting on November 19, online financial publication Moneylife reported on Wednesday, citing sources in touch with the governor.
Boeing Co is planning to send a bulletin to 737 MAX jet operators as soon as Wednesday advising them of the procedure for dealing with erroneous cockpit readings that could cause a dive, a person briefed on the matter told Reuters.
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