Thomson Reuters profit tops Wall Street forecasts
Thomson Reuters Corp on Wednesday reported stronger-than-expected quarterly profit, boosted by strong demand for information it sells to legal professionals, and reaffirmed its forecast for the rest of this year and 2020.
Slim chance of comprehensive U.S.-China trade deal this week: Nomura
Nomura analysts see a high likelihood further negotiations between the United States and China will be needed before a final trade deal is reached, dragging out a dispute between the world’s two biggest economies that has kept investors on edge.
Wendy’s revenue, profit beat on new burgers, higher royalties
Wendy’s Co reported better-than-expected quarterly revenue and profit on Wednesday, as the U.S. burger chain benefited from higher royalty fees and the launch of its premium burgers that come with avocado, bacon and barbecue chicken.
China to extend preferential taxes for integrated circuit firms
China will extend preferential taxes for producers of integrated circuits and software companies, the cabinet said on Wednesday.
Investors sell shares, shelter in bonds before make-or-break trade talks
World shares tumbled towards five-week lows on Wednesday as renewed trade tensions and concern over the strength of the global economy drove investors to the safety of bonds and the Japanese yen, with the latter hitting a six-week high against the doll…
Futures slip as investors eye crucial trade talks
U.S. stock index futures fell on Wednesday, ahead of a crucial round of trade negotiations between the United States and China this week.
Tesla closes $2.7 billion mixed offering of shares, debt
Tesla Inc said on Wednesday it closed its $2.7 billion offering of stock and convertible notes and that it was over-subscribed, giving the electric carmaker much needed cash as it ramps up production.
Huawei CFO Meng set to appear in Canada court
Huawei Chief Financial Officer Meng Wanzhou is set to appear in a Canadian court on Wednesday to begin what is expected to be a long legal battle against the United States’ request that she be extradited to face fraud charges.
Lyft results underscore importance to Uber of life beyond ride-hailing
Investor disappointment at Lyft Inc’s growth outlook underscores the pressure for rival Uber Technologies Inc to show potential backers of its initial public offering that it can expand services such as food delivery even as its core ride-hailing slow…
Australia competition watchdog blocks $11 billion Vodafone unit-TPG Telecom merger
Australia’s competition regulator blocked a proposed A$15 billion ($11 billion) merger between TPG Telecom Ltd and a Vodafone Group unit on Wednesday, sending shares of companies on both sides of the deal tumbling.
