Ford beat Wall Street expectations Thursday, driven in large part by cost reductions. Here’s how the company did compared to what Wall Street expected: Adjusted EPS: 43 cents vs. 32 cents expected by analysts surveyed by Thomson Reuters. Revenue: $36.5 billion vs. $32.8 billion expected in the Thomson Reuters survey. On a per share basis, […]
Read moreSingapore will conclude its experiment with blockchain technology and its own digital currency next year before deciding whether to commercialize the trial, the country’s regulator has told CNBC. In 2016, the Monetary Authority of Singapore (MAS) announced “Project Ubin,” an exploration of blockchain or distributed ledger technology. The project is split into five phases. The […]
Read moreTwitter jumped more than 9% in premarket trading as the company beat expectations on revenue, and gave higher Q4 guidance than Wall Street was expecting. The company, which reported its third quarter earnings before the bell on Thursday, said in its guidance for next quarter suggested if they hit the high end of its adjusted […]
Read moreA robot poked fun at Elon Musk but the billionaire didn’t take it lying down. On Wednesday, CNBC’s Andrew Ross Sorkin spoke to Sophia, a robot developed by Hanson Robotics. It’s a robot with a human face that has the ability to respond to questions. Sophia said that she wants to use artificial intelligence (AI) […]
Read moreNokia reported a sharp drop in quarterly earnings from its telecom network gear business, warning the market had turned more challenging due to tough competition in China and consolidation among wireless carriers. Shares in the Finnish company dropped more than 11 percent by 0739 GMT as it forecast that the market, where it competes with […]
Read moreUber board member Arianna Huffington said Thursday she is still “optimistic” that a big investment by SoftBank into the ride-hailing app will happen, and the problems faced by the company will not affect its valuation. The Japanese giant run by Masayoshi Son is seeking to invest $10 billion into Uber for a fairly substantial stake. […]
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Italy's Renzi attacks Bank of Italy governor as re-appointment nears
The Bank of Italy has been the “weak point” of the system under the governorship of Ignazio Visco, former prime minister Matteo Renzi said Thursday, putting pressure on the government not to renew his mandate. Visco’s mandate expires at the end of the month and the center-left government is widely expected to recommend he serves […]
Read moreBarclays reported a worse than expected profit before tax for the third quarter of 1.1 billion pounds ($1.46 billion) as a weak trading performance in its investment bank dragged down group results. The profit figure for the quarter was well below the 1.43 billion pounds average of analysts’ estimates compiled by the bank. Barclays said […]
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Greece is on track to exit its bailout plan but doubts over its future remain
Greece’s bailout program is set to end in August of next year but doubts remain over whether the country will be able to stand on its own feet after the summer. After implementing hundreds of new laws in exchange for financial disbursements from its 86 billion euro ($100 billion) bailout program, Athens is set to […]
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Deutsche Bank earnings: 6.8 billion euros in revenue, vs. 6.84 billion euros expected
German lender Deutsche Bank reported revenues that were largely in line with expectations for the third quarter of 2017, as the bank continued to cite a challenging market and interest rate environment. Here are the key third-quarter metrics: Net income: 649 million euros ($768 million) vs. 281 million euros expected, according to Thomson Reuters Revenue: […]
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