Trading Ideas

In a rare intervention, Deutsche Bank’s regulators are blocking a banker backed by its largest shareholder, Qatar, from a seat on the supervisory board because of a conflict of interest, according to two people with knowledge of the matter. Deutsche Bank chair Paul Achleitner had announced in August the appointment of former UBS manager Juerg Zeltner, praising him as a valuable addition and “a top-level European banker with proven expertise”. Zeltner was also to represent the interests of Qatar’s royal family – a top shareholder in the German lender. …read more […]

(Bloomberg) — Chevron Corp. may be based in California, but Chief Executive Officer Mike Wirth had little praise for the state as he lauded the Texas business environment during an event in Houston on Wednesday.The Chevron boss hailed Texas’s resource base, its skilled workforce and overall business environment while criticizing policies back in the Golden State in a wide-ranging fireside chat at a gathering organized by the Greater Houston Partnership. He also committed Chevron to reducing flaring and methane emissions in the Permian Basin and vowed to increase diversity among the company’s senior leaders.“The policies in California have become pretty …read more […]

Whilst it may not be a huge deal, we thought it was good to see that Ziyad Binsalamah, who is a company insider… …read more […]

The U.K.-licensed firm’s new product allows clients to synthetically trade gold against bitcoin and aims to capitalize on a growth in haven assets. …read more […]

Turkish troops were attacking a Kurdish militia in Syria which Ankara regards as a terrorist organisation, pounding them with air strikes and artillery before starting a cross-border ground operation. The lira has come under pressure since the White House announced the withdrawal of some U.S. troops from the Syrian region near Turkey’s border. Investors are concerned about proposed U.S. sanctions on Turkey following the start of the incursion, including targeting Ankara’s military transactions and U.S. assets of President Tayyip Erdogan. …read more […]

A supertanker owned by a subsidiary of COSCO Shipping Tanker (Dalian), under U.S. sanctions for allegedly transporting Iranian oil, has docked in Singapore to discharge Middle East crude, shipping data on Refinitiv Eikon showed on Thursday. The tanker is owned by Pan Cosmos Shipping & Enterprises Co, which is a fully owned subsidiary of COSCO Dalian, a document issued by Cosco Shipping Energy Transportation on Oct. 1 shows. …read more […]

One of the best investments we can make is in our own knowledge and skill set. With that in mind, this article will… …read more […]

The simplest way to benefit from a rising market is to buy an index fund. When you buy individual stocks, you can make… …read more […]

(Bloomberg) — The unprecedented power shutdown by California’s PG&E Corp. has spread deeper into densely populated cities near San Francisco, ensnaring millions of people and raising the prospect that much of a major metropolitan area could go without electricity for days.The bankrupt utility said late Wednesday that it had begun a second round of power cuts that will plunge another 234,000 customers in cities including Berkeley and Oakland into darkness. It’s part of the biggest blackout ever orchestrated to prevent strong winds from knocking down electrical lines and igniting fires. Half a million homes and businesses in Northern California were …read more […]

Today we’ll look at MTU Aero Engines AG (ETR:MTX) and reflect on its potential as an investment. Specifically, we’re… …read more […]

Philips said on Thursday trade tariffs and poor results at its Connected Care arm meant the Dutch healthcare technology firm would miss its 2019 target for profit margin improvement. Although Philips now expects adjusted EBITA margin to improve by 10 to 20 basis points, well off its previous 100 basis point goal, it said in a statement it was sticking to its 2020 target of improving comparable sales by 4% to 6%. “We continue to see good growth momentum across our businesses,” Chief Executive Frans van Houten said, adding he was disappointed by a margin decline in …read more […]

Japanese stocks bounced back from early losses to end higher on Thursday, helped by a flush of optimism over chances that the United States and China can scale back their trade war at high-level talks set for later in the day. The Nikkei index ended up 0.45% at 21,551.98, after shedding as much as 0.7% earlier in the day. Japanese shares were boosted by a New York Times report that U.S. President Donald Trump’s administration will soon issue licences allowing some U.S. companies to supply non-sensitive goods to Chinese telecommunications equipment maker Huawei Technologies Co Ltd. …read more […]

UCB has agreed to acquire U.S.-based Ra Pharmaceuticals for $2.1 billion, both companies reported on Thursday, in a deal that will enable the Belgian drugmaker to offer new treatment opportunities for several rare diseases in neurology and immunology. “Ra Pharma is an excellent strategic fit addressing multiple areas of UCB’s patient value growth strategy,” UCB’s Chief Executive Officer Jean-Christophe Tellier said in a joint statement. The acquisition of the clinical-stage biopharmaceutical company, which was founded in 2008, is expected to contribute to UCB’s core earning per share and increase its revenue and net profit from 2024 onwards. …read more […]

(Bloomberg) — Fidelity Investments is crashing the free-trading party, challenging rivals in a gambit to lure assets by ending commissions.The firm will offer not only zero commissions for online buying and selling of U.S. stocks, exchange-traded funds and options, but also provide higher yields for cash balances and better trade execution, according to an announcement Thursday.The move is the latest leg in the price-chopping frenzy engulfing retail brokerages. Fidelity is the fifth major industry player since last month to roll out some form of zero-commission online stock and ETF trading as companies duel to win investors gravitating toward the cheapest …read more […]

Apple Inc on Wednesday removed an app that protestors in Hong Kong have used to track police movements, saying the app violated its rules because it was used to ambush police and by criminals who used it to victimize residents in areas with no law enforcement. Apple rejected the crowdsourcing app, HKmap.live, earlier this month but then reversed course last week, allowing the app to appear on its App Store. The approval drew a sharply worded commentary from the Chinese Communist Party’s official newspaper, the People’s Daily, on Tuesday with Apple criticized for allowing a “poisonous” app. …read more […]