Akzo Nobel, the Dutch maker of Dulux paint, reported lower-than-expected third-quarter operating earnings of 383 million euros ($451 million) on Wednesday, citing “headwinds” at its marine coatings business and margin pressures from rising raw material costs. It said earnings before interest and taxes for the year would now be about flat from 2016 — its […]
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European shares expected to open on a positive note as earnings season picks up the pace
European markets are expected to start Wednesday’s session in the black, as investors turn their attention to the latest batch of earnings and data releases. Looking to the major bourses, the U.K.’s FTSE 100 is expected to open 23 points higher at 7,539, while the German DAX is set to start on a positive note, […]
Read moreMemo to the many places vying for Amazon‘s second headquarters: It ain’t all food trucks and free bananas. For years, much of downtown Seattle has been a maze of broken streets and caution-taped sidewalks. Dozens of enormous cranes tower overhead as double-length dump trucks hauling excavated dirt rumble past pedestrians and bicyclists. The crashing and […]
Read moreThe regional policy chief of embattled ride-hailing company Uber is leaving to join ChargePoint, a U.S. electric-vehicle charging-network maker that has attracted major financial backing from European transport companies. Christopher Burghardt told Reuters in an interview on Tuesday that he plans to join ChargePoint early next month as its lead regional executive. He will oversee […]
Read moreAmazon, Facebook and other U.S. tech companies are expanding operations south of the border as Mexico works to capitalize on the Trump administration’s anti-immigration stance. Since the beginning of the year, Amazon has opened a new engineering office in Mexico City, while Facebook has partnered with local groups to develop technical talent in the region. […]
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BARELY a day goes by at the moment without Wall Street hitting a new record high. The market has kept marching upwards despite all the headlines about the North Korean nuclear threat, a potential break-up of NAFTA, and natural disasters like hurricanes. If you want to know why the market keeps rising, just look at […]
Read moreAfter a hurricane-induced dip, confidence among U.S. homebuilders increased more than expected in October. A monthly sentiment index from the National Association of Home Builders rose 4 points to 68, the highest level since May of this year. A reading above 50 is considered positive sentiment. The index stood at 63 in October 2016. “This […]
Read moreKazakhstan wants to enter the cryptocurrency market – with its own fiat-backed digital asset. The country’s government-supported Astana International Finance Center (AIFC) said Tuesday it had signed a deal of cooperation with Maltese firm Extante. In a press release, Extante, which calls itself a “next generation investment company,” said it would work with the AIFC […]
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Goldman sees US-Iran tensions presenting long-term threat to global oil supply
Goldman Sachs said Tuesday that while clashes in the Kurdistan region of Iraq posed a risk to oil output, intensifying geopolitical tensions between the U.S. and Iran remained a more formidable and longer-term threat to global oil supply. After several weeks of fairly flat trade, a risk premium has returned to oil markets and boosted […]
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AT A time when all aspects of air travel seem to come with a price tag, one service quite suddenly has become free. And it is not in-flight dining or checking in a bag or securing an exit-row seat. The increasingly common free service is onboard messaging. Earlier this month, Delta Airlines began allowing passengers […]
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