World stocks dip as central bank talk, trade, dull risk appetite
LONDON (Reuters) – World stocks slipped on Friday as expectations that trade tensions will dominate this weekend’s summit of G7 countries and renewed talk of monetary tightening by major central banks weighed on risk sentiment.
Goal! Investors line up World Cup winners off the pitch
LONDON (Reuters) – The soccer World Cup is a massive money-spinner and stock market players are busy picking brewers, betting firms, pub chains and sportswear brands that will benefit from the associated global spending surge.
Verizon names former Ericsson chief to replace McAdam
(Reuters) – Verizon Communications Inc named Chief Technology Officer and former Ericsson boss Hans Vestberg as its new Chief Executive on Friday, saying he will replace current CEO Lowell McAdam on Aug. 1.
Verizon names former Ericsson chief as new CEO
(Reuters) – Verizon Communications Inc named Chief Technology Officer and former Ericsson boss Hans Vestberg as its new Chief Executive on Friday, saying he will replace current CEO Lowell McAdam on Aug. 1.
Investors focusing on profit margins as rising prices, wages start to bite
NEW YORK (Reuters) – For years U.S. inflation has been the dog that did not bark, but rising prices and wages are now showing signs of squeezing profit margins across corporate America, leading investors to punish companies whose results are deteriorat…
China’s ZTE apologizes after paying ‘disastrous price’ in U.S. sanction case
HONG KONG/SHENZHEN, China (Reuters) – The chairman of ZTE Corp apologized to staff and customers on Friday after the Chinese technology firm agreed to pay a $1 billion fine to the United States to end a supplier ban that has crippled its business.
Exclusive: Malaysia may ask Justice Department to get Goldman Sachs to return $600 million 1MDB fees
KUALA LUMPUR (Reuters) – Malaysia is considering asking the U.S. Department of Justice (DoJ) to get Goldman Sachs to return nearly $600 million in fees it earned from bonds raised for scandal-tainted 1Malaysia Development Berhad (1MDB), two sources fa…
Apple warns suppliers of lower parts orders for new iPhones: Nikkei
(Reuters) – Apple Inc has asked its parts suppliers to manufacture about 20 percent fewer components for iPhones in the second half of 2018, the Nikkei on Friday reported, sending the iPhone maker’s stock down 2 percent.
Mitsubishi Materials finds fresh cases of misconduct, loses certification
TOKYO (Reuters) – Japan’s Mitsubishi Materials Corp said on Friday it has found fresh cases of misconduct at its Naoshima copper smelter and refinery in western Japan and the plant’s Japanese Industrial Standards (JIS) certification has been revoked.
Exclusive: Iran slams U.S. for seeking Saudi oil output hike, says OPEC won’t comply
LONDON (Reuters) – Iran said on Friday a U.S. request for Saudi Arabia to pump more oil so that it could cover a drop in Iranian exports was “crazy and astonishing” and said OPEC would not heed the appeal, setting the stage for a tough OPEC meeting thi…
