(Reuters) – Morgan Stanley (MS.N) reported a higher-than-expected profit on Thursday, bolstered by strength in bond trading and M&A advisory, but executives were careful not to sound too optimistic about the rest of the year. Like other big banks, Morgan Stanley had to navigate falling interest rates, volatile markets and recession signals during the third […]
There is no mistaking how Eric Markowitz feels about borrowing money: “I hate debt,” he said. Dr. Markowitz, a dentist in Washington, D.C., took out a mortgage to buy a home for his family, but that’s the extent of his borrowing. And he fully intends to have it paid off by the time he retires […]
Shares in Irish builders merchants Grafton Group plunged as much as 12pc after a profit warning on Thursday. Shares in the London-listed, Irish-headquartered owner of businesses including Woodies, Heiton Buckleys and Chadwicks sank after the company said annual profits will miss expectations, blaming factors including the impact of Brexit uncertainty on the UK construction sector. […]
Sainsbury's customers have accused the grocer of misleading them over a £50 Dyson deal – alleging that staff were given priority access to the discounted item before stores opened. Shoppers said they were left disappointed on Wednesday after heading into branches in the early hours in search of the reduced item – only to be […]
(Reuters) – Wall Street cheered a rebound in Netflix subscribers in the third quarter, driving shares in the firm 9% higher on Thursday even as analysts warned conservative estimates for the next three months may be a hint of less certain times ahead. The video-streaming pioneer is bracing for the launch next month of Walt […]
LONDON (Reuters) – A slowdown in India and China put a brake on Unilever’s (ULVR.L) quarterly sales growth, highlighting the challenges facing Chief Executive Alan Jope as he tries to boost the consumer goods giant’s business in emerging markets. Since taking the reins in January, Jope has promised accelerated growth through investment in the likes […]
SINGAPORE – A new research by the National University of Singapore (NUS) has found that the type of housing owned by Singaporean parents, along with the city-state’s housing policies, can significantly influence the next generation’s economic status. According to the study, children from low-income families, defined as those with parents in the bottom 60th percentile […]
SINGAPORE – Hotel Compass, a freehold hotel in Geylang, has been launched for sale by public tender at a guide price of $23 million to $25 million, marketing agent Knight Frank Singapore said on Thursday (Oct 17). The eight-storey hotel comprises a total of 49 rooms, and occupies a site area of 436.9 square metres […]
TOKYO/SYDNEY (Reuters) – Asian stocks barely moved on Thursday as soft U.S. retail sales data raised fears about the health of the world’s largest economy, sucking the steam out of a five-session rally, while hopes of a Brexit deal kept sterling volatile. South Korean, Australian and New Zealand indexes were all in negative territory. Chinese […]
WASHINGTON (Reuters) – U.S. and Chinese trade negotiators still have work to do on a “phase one” trade agreement ahead of a targeted signing by U.S. President Donald Trump and Chinese President Xi Jinping next month, U.S. Treasury Secretary Steven Mnuchin said on Wednesday. Mnuchin told reporters there had been no invitation from China for […]