Trading Ideas
Edited Transcript of ANZ.AX earnings conference call or presentation 30-Oct-19 11:00pm GMT
Full Year 2019 Australia and New Zealand Banking Group Ltd Earnings Presentation …read more […]
Month: November 2019
Business News
Iowa? Greece? Where Trump and Xi may meet becomes new trade deal issue
The United States and China are working to narrow their differences enough to sign a “phase one” trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.
Business News
In review of fatal Arizona crash, U.S. agency says Uber software had flaws
An Uber self-driving test vehicle that struck and killed an Arizona woman in 2018 had software flaws, the National Transportation Safety Board said Tuesday as it disclosed the company’s autonomous test vehicles were involved in 37 crashes over the prior 18 months.
Business News
Virgin Australia to cut domestic capacity by 2%, axe a Hong Kong route
Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2% in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday.
Trading Ideas
Asahi Cuts Full-Year Forecast For Second Time in Four Months
(Bloomberg) — Asahi Group Holdings Ltd. lowered its annual sales and profit forecast again as its $22 billion push into overseas markets makes Japan’s largest brewer more vulnerable to currency swings, as consumption weakens at home.Operating profit will probably be 202 billion yen ($1.9 billion) for 2019, the Tokyo-based company said Tuesday, citing currency fluctuations and domestic headwinds. That compares with its prior forecast of 215.5 billion yen, and the average analyst estimate of 215.9 billion yen.The shares of Asahi fell as much as 5.6% in early trading in Tokyo, the biggest intraday decline since July. The stock had climbed …read more […]
Trading Ideas
Virgin Australia to cut domestic capacity by 2%, axe a Hong Kong route
Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2% in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday. “Flying to the right destinations, with the right customer demand, and the right-sized fleet will improve our financial performance,” Virgin Chief Executive Paul Scurrah said at the airline’s annual meeting in Brisbane. Virgin competes against deeper-pocketed rival Qantas Airways in Australia’s aviation market, which has experienced softer demand as the country’s economic growth falters. …read more […]
Business News
Tinder-owner Match forecast hit by rising competition, shares down
Tinder-owner Match Group Inc forecast fourth-quarter revenue below Wall Street estimates on Tuesday as it faces stiff competition from rival online dating services, sending its shares down about 15% in extended trading.
Trading Ideas
Vanguard Health Care Fund Sells Out of Allergan
Fund makes few buys, sells out of its second-largest holding Continue reading… …read more […]
Trading Ideas
Edited Transcript of TEF.MC earnings conference call or presentation 5-Nov-19 9:00am GMT
Q3 2019 Telefonica SA Earnings Call …read more […]
Business News
Struggling Norwegian Air raises $272 million from share sale, bond issue
Norwegian Air on Tuesday raised 2.5 billion crowns ($272.31 million) to meet the struggling airline’s cash needs through 2020 with its third share sale in two years and a bond issue.
Business News
TikTok stresses its independence from China but U.S. lawmakers are unconvinced
TikTok, a video app popular with teens, stressed its independence from China in a letter to U.S. lawmakers but failed to convince Senator Josh Hawley, who chaired a hearing on Tuesday on the security of U.S. citizens’ personal data.
Trading Ideas
Matthews China Fund Starts 2 Positions in 3rd Quarter
Fund also boosts existing positions as US and China negotiate trade deal Continue reading… …read more […]
Business News
Trump-Xi meeting in Iowa would be poignant reminder of better U.S.-China ties
U.S. President Donald Trump’s suggestion that he could sign a trade deal with Chinese President Xi Jinping in Iowa has set off a flurry of excitement in Muscatine, Iowa, a city on the banks of the Mississippi River that has hosted Xi twice since 1985.
Business News
Trade hopes lift dollar, crude; doubts slow stock rally
The U.S. dollar and crude prices rose on Tuesday, spurred by optimism that a U.S.-China trade deal may be near, but a rally in global equity markets paused after China pressed U.S. President Donald Trump to remove recently imposed tariffs.
Trading Ideas
DaVita HealthCare: 3Q Earnings Snapshot
The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $1.23 per share. Six analysts surveyed by Zacks expected $2.85 billion. …read more […]