August 24, 2018

‘Old’ bull market sputters on while tech inflows slow: BAML

Investors bought back into U.S. stocks this week which set their longest-ever market rally, although risks ahead spurred anxiety over how much longer the ageing bull […]
August 24, 2018

Siemens denies report it may cut 20,000 jobs

German engineering giant Siemens said a report by monthly Manager Magazin that it could cut 20,000 jobs as part of its Vision 2020+ strategy was “completely […]
August 24, 2018

Gap shares tumble as flagship brand shows no sign of recovery

Shares of Gap Inc fell 8 pct in premarket trading on Friday, a day after the company’s namesake brand posted another bigger-than-expected drop in comparable sales, […]
August 24, 2018

UniCredit, SocGen decline to comment on tie-up report

UniCredit and Societe Generale declined to comment on a report that Italy’s biggest bank was working with a senior Rothschild banker to advise it on a […]
August 24, 2018

Stock futures higher, Powell speech in focus

U.S. stock index futures rose on Friday, as investors awaited a speech from Federal Reserve Chair Jerome Powell for clues on the direction of monetary policy. […]
August 24, 2018

Enbridge to buy Spectra Energy Partners for $3.3 billion

Enbridge Inc , Canada’s largest pipeline operator, said on Friday it would buy its U.S. master limited partnership Spectra Energy Partners for a sweetened $3.3 billion […]
August 24, 2018

Dollar dips, global stocks inch up ahead of Powell speech

The dollar dipped on Friday, set for its biggest weekly decline since March as markets braced for a speech by Federal Reserve chair Jerome Powell for […]
August 24, 2018

Siemens denies report that it may cut 20,000 jobs

German engineering giant Siemens denied on Friday a report by German monthly Manager Magazin that said it could cut 20,000 jobs as part of its “Vision […]
August 24, 2018

Alibaba’s revenue jumps but investments to prolong margin squeeze

Alibaba Group Holding Ltd , China’s biggest e-commerce firm, warned on Thursday investments in its delivery business would keep pressuring profits even as it reported its […]
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