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With Fed sure to cut rates, Powell on hook to flag next steps WASHINGTON (Reuters) - The U.S. Federal Reserve is almost certain to cut interest rates for the first time in more than a decade on Wednesday, delivering a mild jolt to an economy that is facing headwinds from trade disputes and a global slowdown.
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Credit Suisse Defies Bank Gloom With New Money, Trading Beat Credit Suisse Group AG brushed off the gloom in European bank earnings as wealthy clients added 9.5 billion Swiss francs ($9.6 billion) in new money and the main trading unit did better than peers. The results confirmed resilience in the bank's key ...
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Gold Investors Up the Ante Before Critical Fed Decision on Rates Gold investors upped the ante in the lead up to the Federal Reserve's first expected cut to interest rates in more than a decade, adding to exchange-traded fund holdings on speculation that U.S. policy guardians will deliver more than just a one-and-done ...
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Airbus second-quarter profit rise beats forecasts, delivery challenges ahead PARIS (Reuters) - Airbus on Wednesday posted stronger-than-expected core second-quarter earnings, led by the switch to efficient new single-aisle jets, and maintained its profit forecast for the year while warning of delivery challenges in the second half.
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Breakingviews - Japan dims hopes of a Samsung memory chip rebound HONG KONG (Reuters Breakingviews) - Japan is short-circuiting hopes of a price rebound for memory chips. Shares in $260 billion Samsung Electronics slid after the company warned of poor visibility into the impact of Tokyo's export curbs on Seoul.
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Just Eat Avoids Talking Takeaway as Growth Returns to Orders Just Eat Plc posted an improvement in order growth over the first half of the year, but avoided mentioning its ongoing talks with rival Takeaway.com NV. The U.K. food delivery company reported adjusted earnings before taxes, interest, depreciation and ...
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BNP Paribas' second-quarter profits buoyed by corporate and investment banking arm BNP Paribas, France's largest bank in terms of assets, on Wednesday said that a strong performance by its corporate and investment banking division had buoyed its profits during the second quarter. Net profit during the quarter rose 3.1% to 2.47 billion euros ...
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Gilead and Amgen will report second-quarter earnings after the closing bell. Here's what to expect Drugmakers Gilead Sciences Inc. and Amgen Inc. are scheduled to report earnings Tuesday after the market close. Pharmaceutical companies have enjoyed a strong earnings season so far. Biogen Inc. BIIB, +1.86%, Bristol-Myers Squibb Co. BMY, -1.83% ...
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Shopping centre landlord Intu faces swelling losses Losses at shopping centre landlord Intu swelled in the first half of this year, a "challenging" period in which a series of retailers entered insolvency arrangements. The indebted group, which owns sites including Manchester's Trafford centre, said it was keeping ...
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Construction slump hits Adelaide Brighton's profits, as developer Ralan Group collapses The slump in Australian construction is starting to hurt the major companies that operate in the industry. Key points: Developer Ralan Group has called in administrators and owes an estimated $500m to creditors; Building materials group Adelaide Brighton ...
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In Earnings Call, Beyond Meat Claps Back Against Critiques that It's Too Processed Yesterday Beyond Meat reported its Q2 2019 earnings. Over the call, the plant-based meat company touched on its high revenue growth, new fast-food partnerships, and product revamp — but CEO Ethan Brown also touched on a recent spate of criticism ...
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Crown casino group tells ASX it cannot explain 7.7% share fall Company says it has no extra information about why its share price slumped after reports it is linked to organised crime. Ben Butler. Tue 30 Jul 2019 20.32 EDT Last modified on Tue 30 Jul 2019 20.34 EDT. Share on Facebook · Share on Twitter · Share via ...
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