SAP, Europe’s most valuable technology company, reported that third-quarter revenue growth slowed after a strong first half and profits came up just short of analysts’ expectations. Core profit excluding special items rose by 4 percent to 1.64 billion euros ($1.94 billion) at constant currency rates, SAP said, below the 1.69 billion euros expected by analysts […]
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Europe set for mixed open as investors look to earnings, Catalonia deadline
European markets are expected to open relatively mixed on Thursday, as earnings season and political turbulence in the region continue to shake up investor sentiment. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 3 points lower at 7,540, while the German DAX is set to start on a positive note, […]
Read moreChina will fend off risks from excessive optimism that could lead to a “Minsky Moment,” central bank governor Zhou Xiaochuan said on Thursday, adding that corporate debt levels are relatively high and household debt is rising too quickly. A Minsky Moment is a sudden collapse of asset prices after a long period of growth, sparked […]
Read moreChina’s central bank governor Zhou Xiaochuan said on Thursday that he is likely to retire soon, confirming an earlier Reuters report. “Either way it’ll be soon,” Zhou said on the sidelines of the Communist Party Congress, when asked whether he would retire this year or next. Sources with ties to the leadership and close the […]
Read moreNoah Ready-Campbell’s first job out of college was at Google. It was 2010, the year the company touted its plan — or then, what seemed like a far-fetched dream — to build self-driving cars. “They announced it and everyone looked at each other and we were like, why are we even talking about this,” Ready-Campbell, […]
Read moreIf there’s an idea, there will be funding. That’s been the reality for India’s start-up community for years — but it might be ending. India’s start-up dudes — largely male, young engineering graduates or dropouts —are being jolted out of their fantasy world as investors tighten their purse strings and demand a greater bang for […]
Read moreChina will post third-quarter gross domestic product data on Thursday, a day after President Xi Jinping made big promises for the country’s economic future during a pivotal leadership meeting. China’s National Bureau of Statistics was set to report third-quarter GDP figures at 10 a.m. SIN/HK on Thursday. Economists polled by Reuters forecast China to post […]
Read moreDatabase software company MongoDB on Wednesday said it is raising $192 million in its initial public offering. The company is expected to start trading on the Nasdaq Global Market on Thursday. The company is selling 8 million shares of its stock at $24 per share, according to a statement. That would give the company a […]
Read moreInvestors in Asia are expected to focus on a barrage of economic data releases out of China on Thursday, following up on the Dow Jones industrial average closing above the 23,000 level for the first time. Robust quarterly earnings reports propelled the Dow’s close above the 23,000 level for the first time. On Wednesday, the […]
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