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Oil steady as trade concerns vie with drop in inventories LONDON (Reuters) - Oil prices fell on Wednesday as worries over a possible delay in resolving the U.S.-China trade war which has hurt global oil demand competed with a drop in U.S. crude inventories which buoyed prices. FILE PHOTO: A pump jack ...
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Deutsche Bank posts third-quarter loss on restructuring, weakness in trading FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) posted an 832 million euro ($924 million) third-quarter loss on Wednesday hurt by restructuring costs and weakness in fixed income trading, sending shares in Germany's biggest lender down 6%.
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Dollar bides times ahead of anticipated Fed rate cut The dollar was steady against other major currencies on Wednesday as investors braced for a rate cut by the U.S. Federal Reserve and an advance reading of economic growth in the third quarter that could shed light on the rate outlook. Sterling was also ...
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UPDATE 2-Chemicals maker Clariant expects markets to bottom out in 2020 ... * Q3 sales down 1% at 1.043 bln francs vs f'cast 1.06 bln. * EBITDA down 1% to 169 million francs. * Co expects to name new CEO by end of the year or start of 2020. * Talks with SABIC about JV are off table - CFO. * Shares down 1.6% (Rewrites, adds ...
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France defies eurozone slowdown with 0.3% growth - business live At least four EU countries are at risk of recession by the end of year. That's according to the Economist Intelligence Unit, whose latest Global Forecasts predict that Germany will formally enter recession when its third-quarter GDP figures are released in ...
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Facebook reaches agreement with UK regulator over Cambridge Analytica data scandal Facebook reached an agreement with the U.K. data regulator on Wednesday over an investigation into the company's misuses of personal data in political campaigns. As part of the agreement, Facebook agreed to pay a fine of £500,000 ($643,000) and made ...
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Volkswagen lowers sales outlook as third-quarter earnings beat expectations Volkswagen Group reported stronger-than-anticipated third-quarter earnings on Wednesday, but lowered its outlook for 2019 vehicle deliveries citing a "challenging market environment." The world's biggest automaker posted operating profit of 4.5 billion ...
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Alphabet Stock Looks Cheap Despite Google Parent's Earnings Miss Things are not always what they seem. At first glance, Alphabet's (ticker: GOOGL) third quarter looked like a potential disaster, with the Google parent's $10.12 a share in earnings missing Street estimates by more than $2. But there was substantial noise in the ...
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Vodafone Idea seeks debt revamp as losses mount, users bolt By P R Sanjai and Anto Antony Vodafone Group Plc's Indian venture, reeling under $14 billion of net debt, mounting losses and dwindling subscribers, has approached creditors for better payment terms to revive the sinking carrier, people with direct ...
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Saudi energy minister: Saudi Aramco's public offering 'soon' RIYADH, Saudi Arabia — Saudi Arabia's energy minister says a planned initial public offering of the state-run oil giant Saudi Aramco will happen "soon." Speaking before the Future Investment Initiative summit on Wednesday, Prince Abdulaziz bin Salman told ...
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Why Microsoft Will Have to Race to Catch Up to Amazon in Cloud Sales Despite beating Amazon.com Inc. (AMZN) for a new 10-year, $10 billion Pentagon cloud contract, Microsoft Corp. (MSFT) will have to race to catch up to its larger rivals. Amazon Web Services (AWS) leads in the still booming cloud computing market, with a ...
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CPI cools further rate cut chances The likelihood of further interest rate cuts by the Reserve Bank of Australia this year has evaporated after inflation ticked up in the September quarter to 1.7 per cent annual growth. The RBA has played down the significance of annual inflation continuing to ...
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InterGlobe Aviation up 7% as firm orders record 300 planes Shares of InterGlobe Aviation advanced 7 per cent in trade on Wednesday after the airline major placed an order for 300 Airbus aircraft – its largest so far – worth an estimated $33 billion to replace old planes in its fleet and operate nonstop flights to long-haul ...
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Families Spreading Autism Awareness During Halloween with Blue Pumpkins SIOUX FALLS, S.D. – Halloween is just two days away. It's a time for children to go out and have fun but for some, it can be a challenge. Families of children with autism are trying to spread awareness, to help make the night fun for their kids too. Among the ...
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BP profits dive 40% as boss heads for exit: Storms and lower oil price take toll Profits at BP tumbled by 40 per cent as the oil super-major was hammered by tropical storms and lower prices. Advertisement. They fell to £1.8 billion between July and September, from £3 billion in the same quarter of 2018. But this was higher than the £1.3 ...
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Silicon Valley techies are in love with an IPO alternative that minimizes bankers. Here's why Bank of America has ... This story requires our BI Prime membership. To read the full article, simply click here to claim your deal and get access to all exclusive Business Insider PRIME content. You might think investment bankers would be skeptical — or even downright critical — of ...
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