Asian shares dip; euro weighed by sagging German business morale
Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightly after a sharp run-up earlier in the week.
Thailand set to be Southeast Asia’s hottest IPO market with $5 billion of planned second half floats
Thailand is set to see the most funds raised from IPOs in Southeast Asia this year, with more than $5 billion expected to be garnered in the second half, sources said, as a tourist boost to the economy trumps jitters stoked by inconclusive elections.
Tesla’s Musk ‘sees merit’ in capital raise, vows profit in Q3 after large loss
Tesla Inc Chief Executive Elon Musk suggested on Wednesday a capital raise could be imminent, as the electric vehicle maker lost $700 million in the first quarter and predicted a return to profit in the third.
Chipotle beats profit, revenue estimates as online sales surge
Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain’s marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.
Tesla solar installations slide 36 percent in first quarter
Tesla Inc on Wednesday reported a 36 percent slide in solar installations and said it had implemented a new selling strategy months after ending a partnership to sell the rooftop systems in busy Home Depot stores.
Microsoft tops $1 trillion as it predicts more cloud growth
Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.
Tesla promises return to profit in third quarter after large loss, may raise more capital
Tesla Inc lost $700 million in the first quarter but predicted it would return to profit in the third quarter as it cuts costs and improves delivery after facing issues ramping up shipments outside the United States.
Visa profit jumps, lower cross-border volume weighs on shares
Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher.
Oil hovers near six-month high as U.S. stockpile build counters supply fears
Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions on Venezuela and Iran.
Facebook beats profit estimates, sets aside $3 billion for privacy penalty
Facebook Inc on Wednesday blew past Wall Street profit estimates in the first quarter and set aside $3 billion to cover a settlement with U.S. regulators, calming investors who had worried about the outcome of a months-long federal probe.
