Business & Finance News
Asda, the British supermarket arm of U.S. retail giant Walmart , reported lower sales in its latest quarter, saying uncertainty surrounding Britain’s exit from the European Union had negatively affected spending patterns.
British luxury brand Burberry on Thursday said it has joined forces with China’s Tencent for a new digital marketing and sales push to tap the nation’s increasingly social media savvy shoppers in a critical luxury market.
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.
U.S. stock index futures slipped slightly on Thursday, a day after the S&P 500 and the Dow closed at record highs, as weak Chinese economic data and a dour forecast from Cisco rekindled fears of a global slowdown.
SoftBank, whose $5 billion Latin America fund has showered regional startups with cash, is also courting local venture capital funds, an unusual move for the Japanese investor that has jolted the region’s tech scene.
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website and the retailer picked up market share in food and other groceries.
Ford Motor Co will use the Mustang name, previously reserved for a muscle car, for an electric sport utility vehicle (SUV) that customers in the United States, Canada and Europe can start ordering on Nov. 17, the company said on Thursday.
World stocks nudged down on Thursday as Chinese economic data slowed in October and Germany only narrowly avoided a recession in the third quarter, adding to worries about the global growth fallout from the U.S.-China trade war.
Walmart Inc reported better-than-expected third quarter U.S. comparable sales on Thursday as people spent more at its stores and website, and the retailer raised its earnings outlook for the year.
Oil rose on Thursday after industry data showed a surprise drop in U.S. crude inventories, while comments from OPEC about lower-than-expected U.S. shale production in 2020 also provided some support.
Alibaba’s Hong Kong listing will not only land it $13.4 billion, it will also garner goodwill from Beijing to help the Chinese e-commerce giant weather the fallout of a damaging trade war.
Advertising group WPP will consider making acquisitions to bolster its capabilities in faster growing segments such as technology and commerce after selling a majority stake in its research arm Kantar, Chief Executive Mark Read said on Thursday.
Ford Motor Co will start taking reservations for its electric sport utility vehicle, Mustang Mach-E, starting Nov. 17, when the U.S. automaker unveils the vehicle at an event in Los Angeles, the company said on Thursday.
Qatar Airways has placed a $4 billion jet engine order with CFM International to power its 50 Airbus A321neos.
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