DENVER (Reuters) – If the global economy hits the skids, the warning may come from the hop-covered taproom of the Denver Beer Co, where yearly sales are up 17% and founder Charlie Berger says the new “Juicy Freak” India Pale Ale is a bestseller despite its $1-per-pint higher price tag. Bars and restaurants have been […]
SINGAPORE – Mainboard-listed Singapura Finance will pay US$5 million (S$6.9 million) for a 1.6 per cent stake in the enlarged share capital of homegrown digital payments firm MatchMove Pay. The finance company’s agreement to subscribe for 587,035 Series Bc preference shares in MatchMove, or about US$8.52 per share, will be funded by internal resources and […]
(Reuters) – United Airlines (UAL.O) on Tuesday topped Wall Street estimates for quarterly profit, boosted by higher fares and lower fuel costs, and lifted its 2019 profit target despite the continued grounding of the Boeing 737 MAX. Chicago-based United is one of three U.S. airlines that have each had to cancel more than 2,000 monthly […]
ZURICH (Reuters) – Sunrise Communications (SCMN.S) has won support from one of its largest shareholders for its $2.8 billion capital hike – the latest twist in the telecom company’s battle to buy Liberty Global’s (LBTYA.O) Swiss business. Canada Pension Plan Investment Board, Sunrise’s third biggest investor with a 5% stake according to Refinitiv data, said […]
NEW YORK (Reuters) – Stocks in Europe and on Wall Street jumped more than 1% on Tuesday on strong U.S. corporate results and a possible deal to avoid a disorderly British exit from the European Union, while oil prices fell as weak China data kindled global economy fears. Media reports quoting EU officials as saying […]
(Reuters) – Goldman Sachs Group Inc (GS.N) missed Wall Street estimates for quarterly profit on Tuesday as global economic worries dampened appetite for deals, while it faced up to losses on its own high-profile investments in Uber Technologies (UBER.N) and WeWork. The bank’s shares slipped nearly 2% as revenue at three of its four major […]
(Reuters) – Johnson & Johnson (JNJ.N) boosted its profit forecast for the year on Tuesday after posting better-than-expected quarterly earnings on stronger prescription sales of its psoriasis treatment Stelara and cancer drug Imbruvica. Shares of the company, which makes products ranging from prescription drugs to consumer goods such as Band-Aids, rose 2% to $133.48 in […]
LONDON (Reuters) – Neil Woodford has been ousted from his flagship LF Woodford Equity Income Fund which will be shut down to pay back investors whose money has been trapped since June. Trading in the now 3 billion pound ($3.8 billion) fund managed by Woodford, one of Britain’s most high-profile money managers, was suspended four […]
SINGAPORE (Reuters) – Oil prices fell on Tuesday, after heavy losses in the previous session, as two days of weak Chinese data added to worries about the top crude oil importer’s energy demand growth. Brent crude LCOc1 fell 42 cents, or 0.71%, to $58.93 a barrel by 0720 GMT, while U.S. West Texas Intermediate (WTI) […]
SEOUL (Reuters) – Hyundai Motor Group said on Tuesday that it plans to invest 41 trillion won ($34.65 billion) in mobility technology and strategic investments by 2025, as South Korea’s top automaker accelerates its attempts to catch up in the self-driving car race. The plan, which Hyundai said encompassed autonomous, connected and electric vehicles, comes […]