Page 834 - Business Finance
No-deal Brexit would take a chip off UK home values: Reuters poll
LONDON (Reuters) - Britain's overvalued housing market will undergo a modest correction if the country leaves the European Union at the end of next month without a deal, a Reuters poll found, with London being affected to a greater degree.
Global Markets: Asian shares tread water as investors watch trade talks
SHANGHAI (Reuters) - Shares in Asia were flat in early trade on Friday following a fall on Wall Street, with a deteriorating global economic outlook outweighing more signs of progress in trade talks between China and the United States.
Oil prices dip as U.S. crude output hits record 12 million barrels per day
SINGAPORE (Reuters) - Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East dominated producer club OPEC to withhold supply and tighten global markets.
Singapore lender OCBC's fourth quarter net profit falls 10 percent, misses estimates
SINGAPORE (Reuters) - Singapore's Oversea-Chinese Banking Corp Ltd missed market estimates by reporting a 10 percent drop in quarterly profit on Friday, hit by a subdued performance in its insurance business.
Bank of Ireland launches 2 billion euro Brexit Fund
DUBLIN (Reuters) - The Bank of Ireland said on Friday it will earmark 2 billion euros ($2.3 billion) for lending to small and medium businesses that need capital to adapt to the challenges of Britain's departure from the European Union.
US and China begin fresh talks to end trade war
In a bid to end their ongoing trade war, the United States and China on Thursday began a fresh round of high-level talks in Washington to outline six memorandums of understanding on challenging structural issues including forced technology transfer and cybertheft.The Chinese delegation is led by Vice- Premier Liu He, while US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin chaired the talks on behalf of the US. During the two-day talks, China is also expected to announce a large purchase of US agricultural and energy products, reported SCMP.Beijing will propose buying an additional US$30 billion annually of American farm products such as soybeans, corn and wheatThe previous round of talks took place in Beijing last week. It is important for these talks to reach certain agreements as the truce period of 90 days, mutually decided by United States President Donald Trump and China's President Xi Jinping, is about to end on March 1. Trump has threatened to ...
Dropbox expects drop in first-quarter operating margin, shares fall
(Reuters) - File sharing and storage company Dropbox Inc forecast a drop in current-quarter operating margins from a year earlier, sending its shares down nearly 11 percent in extended trading.
Property bust rattles Australia's record-breaking economy
SYDNEY (Reuters) - As property prices rocketed toward the heady peak of Sydney's real-estate boom in 2017, the bulldozers came to Epping.
Third Point claims 300 percent return on activism since 2011
BOSTON (Reuters) - Pushing companies to perform better has earned Third Point a 300 percent return in the last eight years, the hedge fund told investors in a letter on Thursday, praising management at some of its targets for taking the right steps.
Wall Street breaks run of gains as economic data disappoints
NEW YORK (Reuters) - Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.
Pinterest confidentially files for IPO: WSJ
(Reuters) - Online image search site Pinterest Inc has confidentially filed with the Securities and Exchange Commission for an initial public offering, the Wall Street Journal reported on Thursday, citing people familiar with the matter.
Global Markets: U.S. stocks sag on poor economic outlook; oil, gold slip
NEW YORK (Reuters) - Wall Street stocks fell on Thursday due to a deteriorating economic outlook that was only partially offset by signs of trade progress between China and the United States, while gold and oil prices retreated from their recent peaks.
Weak economic data weigh on Wall Street
NEW YORK (Reuters) - Weak economic reports pressured U.S. stocks on Thursday after the market's recent run of gains, and a drop in healthcare shares added to the bearish momentum.
Hedge fund Third Point praises Nestle chief in letter to investors
BOSTON (Reuters) - Hedge fund Third Point told investors in a letter on Thursday that it was happy with progress at some of its biggest holdings, including Nestle SA, and was well positioned to make money when the market sells off anew.
Puma goes up-market with joint collection with Porsche
BERLIN (Reuters) - Sportswear firm Puma is launching a joint collection with Porsche Design, the fashion and accessories brand owned by the German car company, tapping into demand for premium products just as luxury labels are moving into the market for sportswear.
Digital shopping app JOOM targets France in challenge to Amazon
PARIS(Reuters) - The e-commerce marketplace JOOM, whose mobile shopping app sells products from China at cut-rate prices directly to buyers, is recruiting French brands to bolster its merchant roster in a market it sees as key to cracking Europe and taking on Amazon.
Dropbox beats quarterly revenue estimates
(Reuters) - File sharing and storage company Dropbox Inc on Thursday beat Wall Street estimates for quarterly revenue and profit, benefiting from an expanded customer base and higher revenue per user.
Wall Street on track to snap recent run of gains after weak data
NEW YORK (Reuters) - Weak economic data pressured U.S. stocks on Thursday after a recent run of gains, while a drop in healthcare shares added to the bearish momentum.
Oil off this year's highs as U.S. crude stocks and supply grows
NEW YORK (Reuters) - Oil prices sank below recent 2019 highs as U.S. government data on Thursday showed a sharp build in crude stocks and record production, while concerns about slowing global economic growth weighed on the market.
Sports betting media startup The Action Network raises $17.5 million
NEW YORK (Reuters) - Sports betting media startup The Action Network said on Thursday it has raised $17.5 million of funding from private equity, team owners and media and esports investors.