Page 1849 - Business Finance
Emerging markets 2019 outlook broadly stable -Moody's
NEW YORK (Reuters) - The outlook for emerging markets is broadly stable for 2019, even as they are set to face increased challenges from slower global growth, rising interest rates, trade protectionism and geopolitical tensions, Moody's Investors Service said on Thursday.
Wall Street climbs on hopes of easing trade tensions
NEW YORK (Reuters) - U.S. stocks rose on Thursday on optimism the United States and China could resolve their trade dispute, after a news report said Washington would pause further tariffs on Chinese imports.
Emerging markets 2019 outlook broadly stable: Moody's
NEW YORK (Reuters) - The outlook for emerging markets is broadly stable for 2019, even as they are set to face increased challenges from slower global growth, rising interest rates, trade protectionism and geopolitical tensions, Moody's Investors Service said on Thursday.
Oil rebounds on lower U.S. stockpiles, possible drop in OPEC supply
NEW YORK (Reuters) - Oil futures rose for the second consecutive session on Thursday after this week's steep losses as U.S. fuel stockpiles declined and a possible cut in OPEC output helped support prices.
Wells Fargo plans 1,000 U.S. job cuts
(Reuters) - Wells Fargo & Co said on Thursday it notified about 1,000 employees in its Consumer Lending and Payments, Virtual Solutions and Innovations groups of plans to eliminate their positions.
Sterling dives on Brexit uncertainty; Wall Street erases losses
NEW YORK (Reuters) - Sterling tumbled on Thursday as political developments in Britain rippled through currency, bond and equity markets, while the major U.S. stock indexes erased losses from earlier in the session helped by optimism over U.S.-China trade.
U.S. retail sales rebound, but consumer spending slowing
WASHINGTON (Reuters) - U.S. retail sales rebounded sharply in October as purchases of motor vehicles and building materials surged, but data for the prior two months was revised lower and the underlying trend suggested that consumer spending was probably slowing down.
Business bosses alarmed as resignations imperil Brexit deal
LONDON (Reuters) - Business leaders expressed growing alarm on Thursday as a draft Brexit agreement seen as the only chance of preserving some stability in UK-EU trading threatened to unravel, sending stock prices and the pound plunging.
Wells Fargo plans to cut 1,000 positions in U.S.: spokesperson
(Reuters) - Wells Fargo & Co. said on Thursday the bank given has given notice to team members in its Consumer Lending and Payments, Virtual Solutions and Innovations groups that it plans to eliminate roughly 1,000 positions nationwide.
Emirates Airline half-year profit slides 86% on oil hike
Emirates Airline on Thursday posted an 86 percent drop in half-year profits as the Middle East's leading carrier was hit by a hike in oil prices and currency devaluations. The Dubai-based airline in a statement its net profit in the six months to September 30 was also impacted by other challenges and expected tough months ahead. Emirates said it recorded a profit of just $62 million in the first half of the 2018-2019 fiscal year compared with $452 million in the same period last year. "The high fuel cost as well as currency devaluations in markets like India, Brazil, Angola and Iran, wiped approximately 4.6 billion dirhams ($1.25 billion) from our profits," said Sheikh Ahmed bin Saeed Al-Maktoum, chairman and chief executive of Emirates Group. Emirates, one of the world's biggest airlines, said fuel costs rose by 42 percent compared with the same period last year. The company, which flies to more than 150 destinations, said the cost of fuel amounted to a third of its ...
Uber loss tops $1 bn as it seeks to diversify
Ride-share company Uber on Wednesday said that its net loss topped a billion dollars in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery. While a private company, Uber has taken to sharing quarterly earnings figures as it prepares for a keenly-anticipated debut on the stock market next year. Figures released by Uber showed the San Francisco-based company lost $1.1 billion on revenue that grew to $3 billion, while overall bookings notched up to $12.7 billion. "We had another strong quarter for a business of our size and global scope," Uber chief financial officer Nelson Chai said in a statement shared along with the earnings figures. "As we look ahead to an IPO and beyond, we are investing in future growth across our platform, including in food, freight, electric bikes and scooters, and high-potential markets in India and the Middle East." In the previous quarter, the smartphone-summoned ride service reported it lost $891 million on net ...
U.S. big investors' best investment ideas for 2019
NEW YORK (Reuters) - The best investment ideas for 2019 range from buying local currencies in emerging markets to picking up beaten-down casino stocks to holding on to bank loans, according to investors who appeared this week at the Reuters Global Investment 2019 Outlook Summit in New York.
Retail gloom, Brexit worries keep Wall Street in check
(Reuters) - U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week's sharp losses was outweighed by a batch of weak results and Brexit-related concerns.
Gold nears one-week high on Brexit deal logjam
BENGALURU (Reuters) - Gold hit a near one-week peak on Thursday as investors sought cover from market turmoil after Britain's long-awaited draft agreement to leave the European Union was thrown into chaos, helping the metal hold its ground against a rising dollar.
Tesla to deliver new Model 3 orders by year end
(Reuters) - Tesla Inc Chief Executive Officer Elon Musk said on Thursday that Model 3s ordered in the United States by the end of this month will be delivered by Dec. 31, as the electric carmaker tries to take advantage of tax breaks.
Oil rises despite potential looming supply glut
NEW YORK (Reuters) - Oil futures rose on Thursday, steadying after this week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year.
Oil rises more than 1 percent despite potential looming supply glut
NEW YORK (Reuters) - Oil futures rose more than 1 percent on Thursday, steadying after this week's steep losses as fuel stockpile declines in the United States helped offset concerns about a potentially oversupplied market next year.
O.P. Bhatt resigns from Yes Bank's search committee to find Kapoor's successor
Yes Bank on Thursday said that former Chairman of State Bank of India O.P. Bhatt has resigned as an external expert of the 'Search and Selection Committee' which has been set up to find a successor to the company's MD and CEO Rana Kapoor.
Wall Street under pressure from weak earnings, Brexit concerns
(Reuters) - U.S. stocks struggled on Thursday as an attempt by technology companies to rebound from this week's sharp losses was outweighed by a batch of weak results and Brexit-related concerns.
Digitising SHG-bank link can generate $4 bn banking opportunity: Nabard
National Bank for Agriculture and Rural Development (NABARD) Chairman Harsh Kumar Bhanwala on Thursday said digitising its self help group (SHG) bank linkage programme could generate up to $4 billion of banking opportunity.