Daimler first-quarter hurt by China slowdown, raw material costs
Daimler’s first-quarter operating profit fell 16 percent despite a 718 million euros one-off gain, it said on Friday, as a 4 percent drop in sales of Mercedes-Benz cars, higher raw material costs and investments weighed on earnings.
China’s Xi says Belt and Road must be green, sustainable
China’s Belt and Road Initiative (BRI) must be green and sustainable, President Xi Jinping said in opening a summit on his grand strategy, adding that the massive infrastructure and trade plan would deliver “high-quality” growth for all.
PayPal to invest $500 million in Uber: Refinitiv IFR
Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported.
Exports, inventories seen boosting U.S. first-quarter growth
The U.S. economy likely maintained a moderate pace of growth in the first quarter, which could further dispel earlier fears of a recession even though activity was driven by temporary factors.
Citron’s Left says he is no longer long or short on Tesla
Citron Research Founder Andrew Left is no longer long or short on Tesla Inc, he said in an emailed statement on Thursday.
Asia shares doze off, dollar perky on GDP hopes
Asian shares drifted off in sleepy trade on Friday, while the dollar held around two-year highs on speculation that figures later in the day will show the U.S. economy outperforming the rest of the developed world.
China’s Xi says Belt and Road must be green, sustainable
China’s Belt and Road initiative must be green and sustainable, President Xi Jinping said at the opening of a summit on his grand plan on Friday, adding that the massive infrastructure and trade plan should result in “high quality” growth for everyone….
Nintendo shares fall as much as 5% after conservative guidance
Nintendo Co Ltd’s shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China.
Battle for Hong Kong Airlines pulls complex HNA holdings into daylight
Shareholders summoned by Hong Kong Airlines this month for a meeting were greeted with some shocking news: the airline needed at least HK$2 billion in fresh funds or it would lose its operating license.
China to continue offering Belt and Road loans: Xi
China’s President Xi Jinping said on Friday that China will continue to offer funding for projects under the Belt and Road initiative, but also welcomes other organizations’ participation in financing.
