Impact of trade tariffs on European companies
Some European companies are rethinking their strategies to cushion the impact of trade tensions between the world’s two biggest economies, the United States and China.
Wall St. slips as energy shares drag
U.S. stocks were slightly lower on Wednesday as a drop in crude oil prices pressured energy shares, offsetting gains in technology and bank stocks.
CVS Health beats profit estimates, defends PBM business
CVS Health Corp beat analysts’ estimates for quarterly profit on Wednesday and the drugstore operator defended its pharmacy benefits management business in the face of the Trump administration’s move to clamp down on escalating drug costs.
Indian regulator clears Walmart’s $16 billion acquisition of Flipkart
India’s anti-trust regulator has approved U.S. retail giant Walmart Inc’s $16 billion acquisition of online marketplace Flipkart, beefing up the competition to Amazon.com Inc in the fast growing e-commerce market.
Wall St. flat as trade tensions mute earnings optimism
U.S. stocks were flat on Wednesday after China retaliated to Trump administration’s latest tariffs, escalating trade tensions and muting strong corporate earnings.
Thomson Reuters on offense as Blackstone deal nears
Thomson Reuters Corp said it was thinking about acquisition opportunities after reporting quarterly earnings that were ahead of expectations on Wednesday and reaffirming its 2018 forecast.
Tesla board evaluating CEO Musk’s idea to take company private
Tesla Inc’s board said it was evaluating taking the company private, a day after Chief Executive Elon Musk surprised shareholders with the idea of launching the biggest leveraged buyout of all time.
Rouble slides towards two-year low on U.S. sanctions ‘bill from hell’
The rouble slid towards its lowest level in nearly two years on Wednesday and investors sold off bonds and stocks after the Kommersant daily published what it said was the full text of a draft U.S. law detailing possible penalties against Russia.
Glencore looks to buybacks, not dealmaking
Glencore said it would favour share buybacks over deal-making after it reported a 23 percent rise in first-half core earnings on Wednesday, just below analyst forecasts.
Boeing sees more narrowbody delivery delays in third quarter
Boeing Co . the world’s largest planemaker, said on Wednesday it expects delivery delays of its hot-selling narrowbody aircraft to continue deeper into the year as it grapples with delays of fuselages and engines from suppliers.
