September 27, 2018

Italy budget uncertainty returns to haunt Europe

Europe’s share markets and the euro both took a tumble on Thursday as a report that Italy’s long-awaited budget was facing a delay compounded an already […]
September 27, 2018

Saudi Arabia’s legal revamp offers hope for cautious investors

Saudi Arabia’s first comprehensive bankruptcy law went into effect last month, one of many reforms to the legal system that economists say may be more important […]
September 27, 2018

Oil gains 1 percent ahead of shortfall in Iran supply

Oil prices rose by nearly 1 percent on Thursday, driven by the prospect of a shortfall in global supply once U.S. sanctions against major crude exporter […]
September 27, 2018

Accenture quarterly revenue, profit beats estimates

Accenture Plc’s fourth-quarter revenue and profit beat Wall Street estimates on Thursday as investments in its fast-growing digital and cloud services businesses paid off. Powered by […]
September 27, 2018

H&M boosted by reassurance on pricing after profit fall

Shares in H&M rose more than 10 percent on Thursday after the fashion retailer reassured investors that it would not need to cut costs further to […]
September 27, 2018

Tencent Music, bound for U.S. IPO, profits from social savvy

Tencent Music, which owns China’s most popular music streaming apps, is often compared to Sweden’s Spotify Technology but it offers more in the way of socially […]
September 27, 2018

Alibaba and other China heavyweights eye Turkey assets after lira plunge, source say

Several large Chinese companies, including tech giant Alibaba , are actively looking at opportunities in Turkey and have met with Turkish firms after the lira’s sell-off […]
September 27, 2018

Minister to Air France-KLM boss: Fix airline before talk of stake sale

France has no plans for now to sell its 14 percent stake in Air France-KLM , Finance Minister Bruno Le Maire said on Thursday, pressing the […]
September 27, 2018

Saudi Arabia in short-term oil fix, fears extra U.S. supply next year

Saudi Arabia will quietly add extra oil to the market over the next couple of months to offset a drop in Iranian production but is worried […]
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