Futures little changed ahead of first-qtr GDP data U.S. stock index futures were little changed on Friday as investors awaited the first-quarter report on gross domestic product, while assessing quarterly earnings. * The Nasdaq Composite is on track to post gains for the sixth straight month, after closing at a […]
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Profit-taking trips up Asian stocks, Korean won slips on Trump trade threat Asian stocks slipped on Friday as investors took profits after a strong week, while the Korean won weakened after U.S. President Donald Trump said he would renegotiate or terminate a trade deal with South Korea. Britain's FTSE 100, […]
China banks miss out on U.S. investment banking bonanza As scores of investment bankers profit from the fee bonanza offered by Chinese companies hunting for deals in the United States, one group is conspicuously absent – Chinese banks. Despite their deep ties with Chinese firms, the country's largest state-owned banks […]
AT&T revenue misses estimates as customers keep phones longer AT&T Inc's (T.N) quarterly revenue missed estimates due to lower equipment sales as customers held onto phones longer and rival wireless carriers offered new promotions on unlimited data plans, the No. 2 U.S. wireless carrier said on Tuesday. It said it […]
Germany's Merkel encouraged U.S. will consider EU free trade deal German Chancellor Angela Merkel fueled expectations of a future EU-U.S trade deal on Sunday, saying she was "very encouraged" talks were being looked at after her recent trip to Washington. Merkel, speaking at the opening of the 70th annual Hannover […]
Oil recovers lost ground, but market remains under pressure Oil prices recovered ground on Monday following last week's big losses, driven by expectations that OPEC will extend a pledge to cut output to cover all of 2017, although a relentless rise in U.S. drilling capped gains. U.S. West Texas Intermediate […]
Credit Suisse to make capital hike decision after AGM Credit Suisse (CSGN.S) will not decide on how it wants to raise fresh capital until after this week's annual general meeting, SonntagsZeitung reported on Sunday. The Swiss bank is considering a quick-fire share sale or listing 20 to 30 percent of […]
GE shares fall on cash, business worries though profit beats General Electric Co reported quarterly sales and adjusted earnings results that beat analysts estimates on Friday, but its shares fell on concerns about some of its industrial businesses and its cash outflow. The maker of jet engines, power plants and […]
Wall Street gears up for busiest earnings week in years Forget about French elections or the flagging Trump trade. Corporate America is set to unleash its biggest profit-reporting fest in at least a decade next week, with more than 190 members of the S&P 500 index .SPX delivering quarterly scorecards, […]
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 […]
