Trump targets cheap Chinese steel in probe, rallying U.S. steel stocks President Donald Trump on Thursday launched a trade probe against China and other exporters of cheap steel into the U.S. market, raising the possibility of new tariffs and sending shares of some U.S. steel makers up over 8 percent. […]
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Pernod rides U.S and China growth, cautions on India highway ban Pernod Ricard's (PERP.PA) third quarter sales beat forecasts on Thursday, lifting its shares, but the French spirits group cautioned that a ban on alcohol sales near Indian highways would slow growth in its second-largest market. Pernod, the world's second-biggest […]
Elliott releases private letters after Arconic CEO's departure Elliott releases private letters after Arconic CEO's departure :- Activist hedge fund Elliott Management released the private letter written by Arconic Inc's (ARNC.N) former chief executive, Klaus Kleinfeld, which consequently led to his resignation, and their response to the letter and Arconic's […]
Adidas CEO says fat China margins to stabilize as thin U.S. margins grow Adidas CEO says fat China margins to stabilize as thin U.S. margins grow:- German sports apparel brand adidas AG (ADSGn.DE) expects its huge operating margin in China to shrink slightly in the long term, while its small […]
ConocoPhillips takes slow, steady route in race for oil profits ConocoPhillips takes slow, steady route in race for oil profits:- ConocoPhillips (COP.N) has beaten its 2017 asset sales target less than four months into the year, after shedding $30.8 billion worth of energy assets in six years. But instead of […]
Worries over Trump policies cloud start of IMF, World Bank meetings Worries over Trump policies cloud start of IMF, World Bank meetings:- World finance leaders are gathering on U.S. President Donald Trump's home turf on Thursday to try to nudge his still-evolving policies away from protectionism and show broad support […]
Buffett likely voted shares to back Wells Fargo board Buffett likely voted shares to back Wells Fargo board:- Wells Fargo & Co's (WFC.N) largest investor, Warren Buffett, has likely already voted his shares to support the bank's recommendations at its contentious annual shareholder meeting next week, a representative told Reuters […]
Global stocks struggle as French elections loom, North Korea worries Global stocks struggle as French elections loom, North Korea worries:- World stocks eked out small gains on Thursday as investors resisted risky bets ahead of the first round of the French presidential election over the weekend. Oil prices, which fell […]
EBay Second-quarter profit forecast falls short of estimates EBay Second-quarter profit forecast falls short of estimates:- EBay Inc (EBAY.O) on Wednesday forecast second-quarter profit that fell short of analysts' estimates, as it spends heavily on revamping and marketing its e-commerce platform amid stiff competition from much larger rival Amazon.com Inc […]
China says trademarks registered equally as Ivanka Trump gets more approved China's Foreign Ministry said on Wednesday the government equally handles applications to register trademarks, following a report that the company of the daughter of U.S. President Donald Trump has had new trademarks approved in China. The Associated Press reported […]
