Trading Ideas

(Bloomberg) — Sign up for Next China, a weekly email on where the nation stands now and where it’s going next.Elon Musk said he’s never seen a factory built so quickly, and now he’s about find out if it’s up to the task.Tesla Inc.’s new Shanghai Gigafactory, which only broke ground in January, is weeks from starting mass production of electric sedans. China’s first plant wholly owned by a foreign carmaker — and Tesla’s first outside the U.S. — is a crucial test of Musk’s bid to keep his carmaker profitable as he bets big on the world’s biggest market …read more […]

Deutsche Telekom CEO Tim Hoettges said on Thursday that the company’s proposed dividend of 0.60 euros ($0.66) was a new minimum that it would pay whether or not a proposed U.S. merger goes through. “The 60 eurocents announced today is our new minimum dividend amount,” Hoettges said in remarks prepared for a call with reporters after Deutsche Telekom said it would lower its 2019 payout from last year’s 70 cents. Hoettges said he still firmly believed that U.S. unit T-Mobile’s $26.5 billion merger with Sprint, now stalled, would go through although he now expected the deal to close …read more […]

FRANKFURT/BERLIN (Reuters) – Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights. Lufthansa on Wednesday announced it expected to cancel a total of 1,300 connections on Thursday and Friday, with 180,000 passengers affected. The departure table on Frankfurt airport’s website showed scores of canceled flights to European destinations and on transatlantic routes. …read more […]

Blockchain payments firm Ripple has said that “more than two dozen” customers use its On-Demand Liquidity (ODL) solution, which leverages XRP cryptocurrency to settle cross border payments.The post Ripple says ‘more than two dozen’ customers use its payments solution that leverages XRP appeared first on The Block. …read more […]

(Bloomberg) — U.S. and European stock futures jumped as America and China agreed to proportionally roll back tariffs on each other’s goods. Havens including Treasuries and the yen slipped.Contracts on the S&P 500 climbed after a Chinese Ministry of Commerce spokesman said the economic superpowers had agreed to roll back tariffs in phases, potentially providing a road-map to a deal to end the trade war. Equities in Japan closed with marginal gains, while shares in Hong Kong rebounded after the news. Earlier in the session, traders had focused on signs that a preliminary trade agreement may not happen this month …read more […]

Rakuten Inc’s quarterly operating profit was almost wiped out in the three months ended September as the value of its investment in ride-hailing firm Lyft slid. Earlier this week, Rakuten said it would book a 103 billion yen writedown on its 11% stake in Lyft Inc. Bets on the ride-hailing industry by Rakuten and its bigger rival SoftBank Group Corp, the largest shareholder in Uber Technologies, have soured amid a market sell-off of money-losing startups. …read more […]

Deutsche Telekom on Thursday raised its guidance for core earnings this year as it posted solid third-quarter results, saying it planned to pay an annual dividend of 0.60 euros regardless of whether a proposed U.S. merger goes through. Europe’s largest telecoms operator now expects core earnings before interest, taxation, depreciation and amortization after leases (EBITDA AL) of 24.1 billion euros ($26.6 billion). Deutsche Telekom has been lifted by the strong performance of U.S. unit T-Mobile, whose proposed takeover of smaller rival Sprint is on hold pending a court hearing on Dec. 9 into a lawsuit brought by several …read more […]

In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Here at the Shenzhen offices of e-cigarette start-up RELX Technology, workers scramble to keep pace with the rush of firms vying for sales in the world’s biggest tobacco market. Founded by former employees of Didi Chuxing, China’s answer to Uber, RELX aims to become China’s answer to Juul Labs Inc, the San Francisco startup that captured a huge share of the U.S. vaping market with a sleek and addictive e-cigarette. …read more […]

(Bloomberg) — Most analysts following South Africa expect it to lose its final investment-grade rating. But they disagree over when that might happen and what the consequences would be.The gloomiest reckon it would trigger more than $10 billion of outflows and cause the rand to weaken to its lowest level in almost four years.Others say investors have already priced in a downgrade and South African assets may even rise in the aftermath, especially if sentiment toward emerging markets stays strong.Moody’s Investors Service, which rates South Africa Baa3, one step above speculative grade, cut its outlook to negative on Nov. 1. …read more […]

Q3 2019 Badger Daylighting Ltd Earnings Call …read more […]

Australia’s four major banks reported a second consecutive year of lower returns, dragged down by hefty customer compensation bills following mis-selling scandals, greater competition and a low credit growth environment. National Australia Bank Ltd , the last of the so-called “Big Four” to report annual earnings, on Thursday posted a 10.6% drop in profit, cut its final dividend and said it planned to raise about A$1.55 billion in new shares to help meet new regulatory capital ratios. NAB and its peers Westpac Banking Corp , Australia and New Zealand Banking Group and Commonwealth Bank of Australia …read more […]

Chinese personal computer maker Lenovo Group Ltd reported a 20% year-on-year jump in second-quarter profit on Thursday, slightly beating analysts’ estimates, on the back of strengthening demand for its products. Lenovo’s net profit in the quarter ended September rose to $202 million, compared with an average estimate of $199.59 million by eight analysts, according to Refinitiv data. China’s Lenovo Group, the world’s largest PC maker, warned in August that it would have to raise prices if U.S. tariffs increased, and that shifting manufacturing from China to avoid tariffs could further bump up costs. …read more […]

Takeda Pharmaceutical Co’s experimental dengue vaccine was highly effective at preventing the mosquito-borne disease in a late stage study, but it failed to protect against one type of the virus in people with no prior exposure to dengue. Takeda’s vaccine was 80.2% effective at preventing dengue among children and teens in the year after they got the shot, according to results of a Phase III study published in the New England Journal of Medicine on Wednesday. Sanofi’s Dengvaxia – the world’s first dengue vaccine – had demonstrated 59.2% overall efficacy in the first year of follow-up based on …read more […]

Simmons Prepared Foods, Inc., based in Arkansas, is recalling more than 2 million pounds of its ready-to-cook chicken products, the USDA announced. …read more […]

Q3 2019 Nexstar Media Group Inc Earnings Call …read more […]