European bourses are seen opening mixed on Thursday morning after U.S. tech giants slipped overnight, while oil markets were cautious ahead of an OPEC meeting later in the session. The FTSE 100 is set to open 26 points lower at 7,366; while the DAX is expected to start up by 4 points at 13,054 and […]
Read moreThe China-backed Asian Infrastructure Investment Bank (AIIB) is eyeing a Europe listing for its debut global bond. Issued in U.S. dollars, the inaugural bond listing will “more likely be in Europe,” AIIB Vice President Thierry de Longuemar told Reuters on Wednesday. “It will done under English law.” The AIIB, which has 80 member countries, was […]
Read moreJapan’s Softbank Group offered to buy an undisclosed number of shares in Indian e-commerce giant Flipkart at a reduced valuation in the range of $9 billion to $10 billion, the Mint daily reported on Thursday. Softbank offered to buy Flipkart shares from investors and former and existing employees for $85 to $89 per share, Mint […]
Read moreJust days ahead of a Beijing visit, Canadian Prime Minister Justin Trudeau has yet to decide on whether to launch talks on a free trade deal that China has long pressed for and could face a cool reception over his government’s decision to snub Chinese interest in Bombardier. China wants a free trade pact similar […]
Read moreChina reported on Thursday that factory activity expanded at a quicker pace in November , with the official manufacturing Purchasing Managers’ Index at 51.8 — topping expectations. Economists in a Reuters poll expected official PMI in the world’s second-largest economy to come in at 51.4 this month. That is slower than 51.6 in October. China’s […]
Read moreAsian markets tracked lower on Thursday as oil prices steadied after falling in the last session. Investors in the region will also keep an eye on several key data releases due later in the day. Japan’s Nikkei 225 was off 0.06 percent as major tech names traded lower. Sony fell 1.69 percent and Nintendo was […]
Read moreSilly as it may sound, “thinking like a millennial” can give investors an edge on upside surprises and takeovers in the market, CNBC’s Jim Cramer said on Wednesday. “By sheer numbers, if you don’t focus on their buying patterns, you’re going to miss what’s happening with a huge chunk of the consumer economy,” the “Mad […]
Read moreAlexa will soon be going to work. While Amazon has been busy announcing new cloud services for developers this week at its annual re:Invent conference, the company is preparing to talk about new tools that will make it easier for people to use Amazon’s Alexa voice-activated virtual assistant in the workplace, four sources have told […]
Read moreAs shares of newly public e-retailer Stitch Fix climbed on Wednesday, CNBC’s Jim Cramer backtracked to its quiet initial public offering to see if the fresh-faced stock was worth buying. “Here’s a company that occupies a very interesting niche: Stitch Fix provides monthly curated shipments of apparel, shoes and accessories to their customers — called […]
Read moreEven though PVH Chairman and CEO Manny Chirico told CNBC he was “disappointed” by the GOP tax bill, he couldn’t be dismayed by the momentum behind this holiday shopping season. “It’s the strongest holiday season so far that I’ve seen in the last four years, especially here in North America,” Chirico told “Mad Money” host […]
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