Adidas hikes 2018 profit guidance, trims sales outlook
German sportswear firm Adidas hiked its 2018 profit guidance, citing a strong financial performance in the first nine months of the year, but trimmed revenue target due to weaker-than-expected growth in western Europe.
Indian government set to turn up heat on central bank governor: sources
The Indian government intends to keep pressing demands for the country’s central bank to relax lending curbs and hand over surplus reserves even if it risks provoking a resignation by the bank’s governor, three sources familiar with the government’s th…
Wall Street futures up after Democrats capture U.S. House
U.S. stock futures pointed to a strong opening on Wall Street after Democrats won control of the House of Representatives in U.S. mid-term congressional elections on Tuesday.
How Apple is losing its grip on India
Software engineer Samee Alam was ready to take the big leap and buy an iPhone in this week’s Diwali festival sales, but at the last minute he opted for cheaper Chinese competitor OnePlus instead.
Stocks hold gains, dollar weaker as Democrats win U.S. House
Wall Street stock futures and Asian shares held earlier gains on Wednesday after Democrats won control of the U.S. House of Representatives, boosting the party’s ability to block President Donald Trump’s political and economic agenda.
Ahold ups stakes in U.S. grocery war with mini-‘robot supermarkets’
Grocery group Ahold Delhaize will roll out small, automated warehouses to speed order picking and cut delivery times, Reuters has learned, as it revamps its ecommerce business in response to rising competition in a fast-growing sector.
India central bank governor could resign on November 19: report
Reserve Bank of India (RBI) Governor Urjit Patel could resign at the central bank’s next board meeting on November 19, online financial publication Moneylife reported on Wednesday, citing sources in touch with the governor.
Boeing to issue safety advice on 737 MAX after Indonesia crash: source
Boeing Co is planning to send a bulletin to 737 MAX jet operators as soon as Wednesday advising them of the procedure for dealing with erroneous cockpit readings that could cause a dive, a person briefed on the matter told Reuters.
S&P 500 futures trim gains as Democrats advance in House races
U.S. stock futures trimmed gains in volatile trading on Tuesday as Democrats made gains in races for the House of Representatives in U.S. midterm congressional elections.
Wall Street futures, Asia stocks seesaw as Democrats move closer to U.S. House win
Wall Street stock futures and Asian shares erased most of their earlier gains in choppy trade on Wednesday, as results from the U.S. midterm elections showed Republicans close to losing their grip on Congress.
