Trading Ideas
Month: April 2020
Trading Ideas
The coronavirus recession is a choice: Morning Brief
Top news and what to watch in the markets on Thursday, April 30, 2020. …read more […]
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Business News
Facebook could address some U.S. antitrust concerns with new photo transfer tool
Facebook Inc will allow users in the United States and Canada to transfer photos and videos to a rival tech platform for the first time – a step that could assuage antitrust concerns by giving users an option to easily leave the company’s services, the social media network said on Thursday.
Business News
Nokia makes small profit in face of supply disruption
Nokia Oyj eked out a small profit in the first quarter, backed by demand for its new high-margin 5G telecoms equipment, and predicted a strong second half of the year, sending its shares higher.
Business News
Thyssenkrupp secures state aid of around 1 billion euros: Handelsblatt
Thyssenkrupp has secured state aid of around 1 billion euros ($1.09 billion), newspaper Handelsblatt cited sources with knowledge of the matter as saying on Thursday.
Business News
Credit Suisse chairman successor search well underway, says Rohner
Credit Suisse’s search for a new chairman is well underway, the current chairman Urs Rohner told shareholders at the bank’s annual general meeting on Thursday.
Business News
Stocks head for best month on record ahead of ECB
World stocks headed for their best month on record on Thursday, as encouraging early results from a COVID-19 treatment trial and expectations of more European Central Bank (ECB) stimulus later in the day helped ease the pain of February and March.
Business News
Oil prices rise on early signs of pick up in fuel demand
Oil prices jumped on Thursday, lifted by signs that the U.S. crude glut is not growing as quickly as expected and of a rise in fuel demand, which has been crushed by the coronavirus.
Business News
Malaysia Airlines says working with Khazanah for financial support, taken cost cuts
Malaysia Airlines (MAB) is working closely with sole shareholder Khazanah Nasional for financial support while also taking steps to defend its cash position to sustain business during the coronavirus crisis, it said on Thursday.
Business News
Britain’s Sainsbury’s warns of $623 million hit to profit from coronavirus
British supermarket group Sainsbury’s warned the impact of the coronavirus pandemic on current year profit could be over 500 million pounds ($623 million) and said it would defer any dividend payment decisions until later this year.
Business News
Fiat Chrysler’s dealers, mechanic workshops to reopen on Monday
Fiat Chrysler said on Thursday its Italian network of approved dealers and mechanic workshops would reopen on May 4, when the country is set to start lifting a national lockdown put in place to limit the spread of the coronavirus.
Business News
Global smartphone output to plunge by record 16.5% in June quarter: TrendForce
Global smartphone production is expected to slump a record 16.5% to 287 million phones in the June quarter from a year earlier as the coronavirus pandemic muzzles demand, TrendForce said https://press.trendforce.com/press/20200430-3357.html, despite supply chains resuming after weeks of shutdown.
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Shell cuts dividend for first time since World War Two
Royal Dutch Shell cut its dividend for the first time since World War Two on Thursday as the energy company retrenched in the face of an unprecedented drop in oil demand due to the coronavirus pandemic. Shell also suspended the next tranche of its share buyback programme and said it was reducing oil and gas output by nearly a quarter after its net profit almost halved in the first three months of 2020. Shell’s shares in London had slumped 7% by 0753 GMT, sharply underperforming rival BP which was down 2.2%. …read more […]