“Whilst this is obviously bad and unfortunate news, it is also so far the only case of long term impact from Harvey on the asset base of the industry in the region,” Laurent Favre, head of global chemicals research at Evercore ISI, said in a note. “We stress that the financial impact should be limited
Check out the companies making headlines after the bell: Shares of Semtech dove 11.5 percent after hours following a mixed earnings announcement. The company beat earnings estimates but fell short of revenue estimates. The chip maker expects third quarter revenue between $145 million and $153 million and earnings per share between 48 cents and 52
“(These plans are) just more crony capitalism from the Tories, who once again prop up the rigged system for the few at the expense of the many,” Long-Bailey said, according to Reuters. May’s government has had to work closely with business leaders over recent months as it seeks to secure their loyalty to the U.K.
Johannes Eisele | AFP | Getty Images Employees working on a car assembly line of France’s Renault and China’s Dongfeng factory in Wuhan, Hubei province, China on on February 1, 2016. Nissan Motor and its alliance partner Renault SA said on Tuesday they are setting up a new joint venture with their partner Dongfeng Motor
The report, which surveyed about 4,000 people across China, India, Hong Kong, Singapore, Thailand, Philippines and Indonesia, also found that despite the preference for cash, awareness of newer methods of payments was high. Nearly half said they were familiar with digital wallets and 23 percent said they knew what contactless payments using credit or debit
Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Check out the companies making headlines after the bell: Finish Line shares plunged 23 percent in extended trading after the company announced its second quarter sales decreased
Amazon traded about 0.4 percent higher. Ben Bienvenu, a research analyst at Stephens, noted that Sprouts has more overlap than other retailers with Whole Foods’ business and attributed the outsized decline in Sprouts’ shares to “the price changes that we’ve seen in Whole Foods’ stores” and “exposure to Texas and potential for some store closures
So how will this historic and dramatic breach between a Republican president and the business community be closed? In a word: carefully. Businesses will have little choice but to continue to interact with the White House on some level but in a way that acknowledges how devastating and dangerous dancing with this administration can be.
NOEL CELIS | AFP | Getty Images Philippine President Rodrigo Duterte attends the 115th Police Service Anniversary at the Philippine National Police (PNP) headquarters in Manila on August 17, 2016 Earlier, Duterte broke off midway through a prepared speech at the Hero’s Cemetery on the outskirts of Manila and addressed impromptu comments to Jovie Espenido,
Investors are slowing their roll around so-called unicorns, or privately held companies with a valuation of $1 billion or more on paper. According to a new report from PitchBook, only 17 U.S. companies have clicked over to unicorn status so far this year. In both 2014 and 2015 — the peak unicorn years — more
Kevin Winter | WireImage | Getty Images Taylor Swift performs during The 58th GRAMMY Awards at Staples Center on February 15, 2016 in Los Angeles. Spotify says Taylor Swift has set a new global first day streaming record. The music delivery site said Saturday it had logged more than 8 million same-day streams for her
European Central Bank President Mario Draghi said Friday the global recovery is improving, but like an increasing number of financial and business leaders, warned about demographic challenges to growth. The euro spiked 1 percent to a high of $1.1940, its highest against the U.S. dollar since January 2015 after Draghi’s initial remarks. “The global recovery
The path of the Hurricane Harvey is putting Texas agriculture at risk. The Lone Star State leads the nation in cattle and cotton production, and rice also is a major ag crop. All are vulnerable with the approaching storm. At the same time, Harvey is expected to delay agricultural export activity as it will interrupt
Britain said on Friday it had received the additional advice it had requested on Rupert Murdoch’s bid to buy broadcaster Sky, and it would decide whether to refer the deal for an in-depth review as soon as possible. Regulator Ofcom was asked to look again at the deal earlier this month after opponents lobbied Minister
“We bring, clearly, the online traffic to Wal-Mart,” said Cheng. Furthermore, Wal-Mart is “offering space in their stores for our inventory … so we have expanded our fulfillment capabilities as a result of that as well,” he said, adding that the company also looks forward to selling “a tremendous number of quality imported products not
Oaktree’s Howard Marks sounded a general alarm last week about the state of stock markets, private equity, credit markets and — for good measure — new digital currencies like bitcoin and ethereum. Essentially, he wrote in his letter to investors that everything is overvalued. On the cryptocurrencies, he went further. He stated several times that