Reuters. By Yasin Ebrahim. Investing.com – The dollar rode the euro’s slide to a more than one-month high on Monday and appeared to reclaim its safe-haven status amid the global growth turmoil amid rising odds of Europe reimposing lockdown measures to curb the spread of Covid-19. The , aRead More →
© Reuters. FILE PHOTO: A cup of ‘Luckin Coffee,’ coffee is poured during the company’s IPO at the Nasdaq Market site in New York (Reuters) – Luckin Coffee Inc (O:) disclosed on Tuesday that it received a de-listing notice from the Nasdaq Inc (O:) last week after it failed toRead More →
© Reuters. Nissan Motor Co CEO Makoto Uchida speaks during a news conference at its headquarters in Yokohama By Naomi Tajitsu TOKYO (Reuters) – Nissan Motor Co (T:) on Thursday cut its annual operating profit forecast by 43%, hit by a slump in vehicle sales and heaping more pressure onRead More →
STOCKHOLM — Shares in Ericsson AB (ERIC) slumped as much as 8.2% in early trade Friday after seeing fourth-quarter earnings weighed by higher costs. The telecommunications equipment company ERIC, +0.22% ERIC.B, -6.69% ERIC.A, -5.19% saw costs rise in the quarter as it invested in acquisitions, digitization, security and ethics andRead More →
© Reuters. UK car body warns output will slump if Brexit leads to tariffs with EU By Costas Pitas LONDON (Reuters) – British annual car production will drop by a third to 1 million by 2024 if Brexit leads to tariffs with the European Union, a trade body warned onRead More →
It’s as bad a time for the global economy as any since the end of the last recession, according to two separate surveys released on Monday. The IHS Markit global business outlook—which surveys 12,000 companies three times a year—fell to the worst level since 2009, when data was first collected.Read More →
Getty Images U.S. factories are still making lots of goods, including autos. Reports of the demise of U.S. manufacturing have been exaggerated, and that may be one reason why fears of an economy-wide recession got out of hand earlier this year. This week’s reports on jobs and gross domestic productRead More →
(Reuters) – Industrial bellwether Caterpillar Inc (N:) fell short of Wall Street estimates for quarterly profit on Wednesday and cut its forecast for overall earnings in 2019, as it reported a 13% slide in Asia sales driven by weakening demand in China. The results, the latest hint of the deepeningRead More →
By Nupur Anand and Swati Bhat MUMBAI (Reuters) – India might have thought the worst of a bad loans crisis was past, but a severe cash crunch in the real estate industry could augur fresh strife for its banks. A slump in the residential property market is leaving many buildersRead More →
© Reuters. Investing.com – U.S. stocks joined a global equity rally Wednesday, recouping Tuesday’s losses. The rally was set off by better economic news out of China and the Hong Kong government’s decision to withdraw its controversial proposal to extradite people to mainland China. Gains in energy stocks also helped.Read More →
SHANGHAI (Reuters) – The Chinese yuan slumped to a fresh 11-year low against the dollar on Monday and stocks fell in the wake of fresh salvos in the China-U.S. trade war. The sold off 0.6% in early trade to 7.15 per dollar, its weakest since February 2008, marking its secondRead More →
The global housing market is showing cracks. Those fissures could spread throughout the world-wide economy, potentially sending world-wide gross domestic product, or GDP, to its lowest annual pace of in 10 years, according to research from Oxford Economics, led by economists Adam Slater, and John Payne in a research reportRead More →
© Reuters. FILE PHOTO: The logo commodities trader Glencore is pictured in Baar (Reuters) – Glencore (LON:) shares plunged the most in nearly four months on Friday after news overnight that U.S. regulators were investigating whether the miner broke some rules through “corrupt practices”. Shares of the company fell asRead More →
© Reuters. Investing.com – The Dow closed lower Tuesday, struggling to shake off a slump in Walgreen Boots Alliance and weakness in energy stocks. The fell 0.30%, the closed flat, while the gained 0.25%. Wall Street was unable to replicate its swashbuckling gains from a day earlier as Walgreens’ (NASDAQ:)Read More →
Getty Images Orders for durable goods sank in February. The numbers: Orders for durable or long-lasting goods fell in February for the first time in four months and business investment continued to soften, reflecting a slower U.S. economy early in the new year. Durable-goods orders sank 1.6%, largely because ofRead More →
© Reuters. Workers set up a Jaguar booth inside the National Exhibition and Convention Center, the venue for the upcoming China International Import Expo, in Shanghai By Costas Pitas LONDON (Reuters) – Britain’s biggest carmaker Jaguar Land Rover (JLR) is set to announce “substantial” job cuts in the thousands, aRead More →
