U.S. September auto sales seen down 6 percent: J.D. Power and LMC
U.S. auto sales in September likely fell 6 percent from the same month last year as dealerships felt the mixed impact of hurricanes both this year and in 2017, industry consultants J.D. Power and LMC Automotive said on Thursday.
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 Iran come into force in just five weeks’ time.
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.
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 interactive services that is helping it hit bigger notes in money making.
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 has made local assets cheaper, sources familiar with the talks said.
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 shift unsold clothing despite a bigger than expected fall in quarterly profit.
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 in the long run than high-profile privatizations.
Oil rises 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 Iran come into force in just five weeks’ time.
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 group’s new chief executive to focus on increasing competitiveness.
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 it might need to limit output next year to balance global supply and demand as the United States pumps more crude…
