Trading Ideas

The Walt Disney Company (NYSE:DIS) stock is about to trade ex-dividend in 2 days time. Investors can purchase shares… …read more […]

(Bloomberg) — Deutsche Bank AG Chief Executive Officer Christian Sewing vowed that the bank will execute one of the largest restructurings in its history without the need for extra shareholder funds as he seeks to build credibility with investors.The lender’s common equity Tier 1 ratio — a key metric of financial strength — will be above 13% throughout the end of the year, while the lender’s main regulator reduced its capital burden on the bank for next year as Sewing begins to shrink and simplify Germany’s biggest lender. The bank has said that it wants to keep its CET1 level …read more […]

Investors are concerned about a U.S. tariff deadline on Chinese imports. …read more […]

Recently appointed Chief Financial Officer, Rachel Osborne, will take on the CEO role from Lindsay Page on an interim basis. Page was promoted to the role in April after founder Ray Kelvin stepped down after allegations of misconduct at the company. …read more […]

Stocks were little changed on Tuesday, less than a week before the United States is due to impose more tariffs on Chinese goods. Markets are holding out hopes for an interim trade deal before the Dec. 15 deadline for new tariffs, although mixed signals from the United States last week and Beijing’s insistence on the removal of existing tariffs has kept investors cautious. …read more […]

Amazon.com has secured the rights to broadcast top European soccer Champions League matches for the 2021/22 season in Germany, the U.S. company’s second biggest market, the DWDL media trade website reported on Tuesday. The website said the rights included top Champions League matches on Tuesday evenings. Amazon was not immediately available for comment. …read more […]

South African mining companies Harmony Gold, Impala Platinum, and Sibanye-Stillwater have been forced to cut production since Monday due to power shortages, they said on Tuesday. “There are very few underground mines that operated overnight and will be operating normally today,” said a spokesman for the Minerals Council, an industry body. Harmony Gold called off its underground shifts, saying it would resume as soon as state power company Eskom could provide assurance power supply would be more reliable. …read more […]

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Sterling’s rally will be limited even if U.K. Prime Minister Boris Johnson wins a parliamentary majority in the general election and finds a way to pass the withdrawal bill by Jan. 31. That’s because the clock is ticking on a trade agreement in a transition period that runs out at the end of 2020. Any longer-term economic and Brexit uncertainty can increase the chance of a Bank of England rate cut next year, which would weigh on the currency and prop up …read more […]

Cboe Global Markets has agreed to buy EuroCCP, giving the exchange operator full control over the equity clearing house. Cboe, one of the world’s largest exchange holding companies, plans to fund the deal, which is expected to close in the first half of 2020, with cash on hand, the company said. The takeover continues a spate of activity among market infrastructure operators in Europe, with Switzerland’s stock exchange SIX and Euronext vying to buy Spain’s BME , while London Stock Exchange Group has agreed a deal to take on data and analytics company Refinitiv. …read more […]

– Amazon.com Inc said in a legal complaint unsealed on Monday that it had lost a $10 billion cloud computing contract with the Pentagon because President Trump used “improper pressure” to divert the contract from the company to harm its chief executive, Jeff Bezos. – Four months before the first deadly crash of Boeing Co’s 737 Max, a senior manager approached an executive at the company with concerns that the plane was riddled with production problems and potentially unsafe. – A war of words erupted on Monday between The Atlanta Journal-Constitution and Warner Bros over “Richard Jewell,” a …read more […]

(Bloomberg) — A year after a rare bullish call on oil, Saudi Arabia isn’t counting on much of an uplift from crude prices in 2020.The world’s biggest oil exporter has designed next year’s budget under the assumption that Brent will average about $65 per barrel, according to calculations by Ziad Daoud, Bloomberg’s chief economist in the Middle East. That’s barely higher than where the global benchmark crude traded on Tuesday and compares with a price of $80 that was originally built into Saudi Arabia’s public finances for 2019. Saudi Arabia doesn’t disclose its oil-price assumption.Analysts see Brent at just under …read more […]

The rise in Huawei’s market share has displaced the other top five companies. Dongguan-based Vivo Communication Technology Co. Ltd, saw its market share slipped from 22.6% to 17.9% in the same time period. Guangdong OPPO Mobile Telecommunications Corp. Ltd, which continues to have the third-largest market share, slipped from 21.1% to 17.4%. …read more […]

U.S. lawmakers announced an agreement on Monday on a $738-billion bill setting policy for the Department of Defense, including new measures for competing with Russia and China, family leave for federal workers and the creation of President Donald Trump’s long-desired Space Force. It also calls for sanctions on Turkey over its purchase of a Russian missile defense system, and a tough response to North Korea’s efforts to develop nuclear weapons. …read more […]

(Bloomberg) — Follow Bloomberg on LINE messenger for all the business news and analysis you need.The billionaire behind six-month-old Vietnamese auto startup VinFast plans a feat even Toyota Motor Corp. and Hyundai Motor Co. couldn’t pull off during their early days: sell a car in the U.S.Pham Nhat Vuong, the Southeast Asian country’s richest man and now in charge of the new automaker, is so intent on exporting electric vehicles to the lucrative American market in 2021 that he’s plowing as much as $2 billion of his own fortune to reach that goal. His cash would account for half the …read more […]

Oil prices dropped on Tuesday for a second straight session as the cons of a slowing global demand outlook outweighed the pros of OPEC’s agreement with associated producers at the end of last week to deepen crude output cuts in early 2020. Brent futures were down 11 cents, or 0.2%, at $64.14 per barrel by 0204 GMT while West Texas Intermediate oil futures were down 7 cents, or 0.1% to $58.95 a barrel. “The euphoria (on output cuts) was short lived, with an unexpected fall in exports from China highlighting the impact of the trade conflict,” said ANZ …read more […]