Business & Finance News
Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, as the Canadian apparel maker’s efforts to ramp up its online presence and broaden its range helped drive sales during the all-important holiday period.
Deliveries of Volkswagen’s Skoda Auto dropped slightly in 2019 to 1.24 million vehicles, from 1.25 million in 2018, mainly due to weaker sales in China, the company said on Monday.
Oil prices steadied on Monday as investors shifted their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal whose details remain to be seen.
India’s antitrust body has ordered an investigation into alleged competition law violations by Amazon.com Inc and Walmart’s Flipkart, it said in an order on Monday.
The expected signing of a trade deal between the United States and China kept U.S. stock futures near record levels on Monday, while investors looked forward to the start of the fourth-quarter earnings season.
World stock markets were flat on Monday, hovering just below record levels ahead of the expected signing of a Phase 1 China-U.S. trade deal, although markets have yet to see details of the agreement.
Oil prices dipped slightly on Monday as investors shift their focus away from easing Mideast tensions to this week’s scheduled signing of an initial U.S.-China trade deal whose details remain to be seen.
U.S. coal-fired power plants shut down at the second-fastest pace on record in 2019, despite President Donald Trump’s efforts to prop up the industry, according to data from the federal government and Thomson Reuters.
Officials from the British and U.S. governments and the telecoms industry will meet on Monday, before Britain is due to take a decision on the possible use of Huawei [HWT.UL] equipment in future 5G mobile networks, Prime Minister Boris Johnson’s spokesman said.
As the bull market in U.S. stocks hits new highs, some investors are searching for ways to pare their exposure to the small group of technology and communications stocks that has fueled market gains for years.
The Phase 1 trade deal to be signed this week by China and the United States “stops the bleeding” but does not end the trade war, a senior U.S. Chamber of Commerce official said on Monday, warning that significant challenges remain.
Lululemon Athletica Inc raised its quarterly sales and profit outlook on Monday, helped by strong holiday sales.
Lovers of Champagne and other French sparkling wines should brace for big cost increases if the United States makes good on a threat to impose 100% tariffs on French goods in a dispute over the country’s planned digital services tax.
In the months since office-sharing startup WeWork’s botched public debut, mid- and late-stage investors in big start-ups have been pushing for more safeguards in case their firms fail to go public or sell shares at a lower valuation than pre-IPO financing rounds.
Renault shares hit six-year lows on Monday after a media report that Nissan has accelerated secret contingency planning for a potential split from the French carmaker, the latest sign that the downfall of former boss Carlos Ghosn is roiling the 20-year alliance.
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