Volkswagen cuts profit, sales forecasts as autos downturn bites
German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.
German carmaker Volkswagen cut its forecasts for operating profit and sales growth on Monday due to a downturn in demand for passenger cars, while keeping profit margin targets.
Alibaba will stop taking orders from prospective institutional investors for its $13.4 billion secondary listing in Hong Kong earlier than expected after attracting strong demand, two people with direct knowledge of the matter said.
Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, sending its shares up as much as 5%.
Green Biz | Joel Makower | Nov 18, 2019 "Smart beta." It’s a term of art on Wall Street, a blend of active and passive investing strategies that typically combine an underlying stock index with an investment manager’s savvy about a potential stock’s liquidity, volatility, momentum and other factors. The strategy is said to provide
World shares were within touching distance of a record high on Monday, after Beijing surprised markets by trimming a key interest rate for the first time since 2015.
T-Mobile US Inc said on Monday Chief Executive Officer John Legere will step down on April 30 in favor of Chief Operating Officer Mike Sievert but not before completing its merger with U.S. rival Sprint Corp .
Coty Inc said on Monday it would pay $600 million for a majority stake in Kylie Jenner's make-up and skincare businesses, as it looks to tap into the reality TV star's huge social media reach, driving shares in the company up 5%.
Alibaba will close its order books early to prospective institutional investors as part of its $13.4 billion secondary listing in Hong Kong, according to two people with direct knowledge of the matter.
Wall Street's main stock indexes eased from record highs at the open on Monday after a report stoked concerns that a U.S.-China trade deal might not get through.
U.S. President Donald Trump has upended the global trade order with a slew of tariffs on economic rivals: now, Washington has redoubled its efforts to paralyze the very body designed to settle such disputes.
Coindesk |Nathan DiCamillo | Nov 18, 2019 The Takeaway The research arm of payment card giant Visa has published a paper describing the development of LucidiTEE, a blockchain system for orchestrating sensitive data among multiple parties. For example, the paper outlines a system that would allow banks and fintech applications to share data without relying
The Federal Communications Commission (FCC) announced on Monday that it will publicly auction off a valuable telecommunications asset.
Shared-office operator WeWork's 2025 junk bond fell to a record low on Monday, with its last yielding bid at 16.06%.
HP Inc said on Sunday it was open to exploring a bid for U.S. printer maker Xerox Corp after rebuffing a $33.5 billion cash-and-stock acquisition offer from the latter as "significantly" undervaluing the personal computer maker.
The bank forecasts global economic growth of 3.2% next year, compared to 3% in 2019.