GM sees 2018 earnings flat, with pickups picking up in 2019
DETROIT (Reuters) – General Motors Co said on Tuesday it expects earnings in 2018 to be largely flat compared with 2017, but that profits should pick up pace in 2019 as its revamped line of high-margin pickup trucks hits the U.S. market.
Citi reports $18.3 billion loss on tax law; adjusted profit rises 4 percent
(Reuters) – Citigroup Inc on Tuesday posted an $18.3 billion quarterly net loss on one-time tax charges, but said adjusted income rose 4 percent from a year earlier as consumer businesses made up for lower revenue from bond and currency trading. The…
Dow on track to top 26,000 at open
(Reuters) – Futures on the Dow Jones Industrial Average surged more than 200 points on Tuesday, indicating that the blue-chip index could open above 26,000 for the first time, supported by strong earnings from UnitedHealth.
GE to take $6.2 billion charge in its finance arm
(Reuters) – General Electric Co will record an after-tax charge of $6.2 billion in its fourth quarter results as part of an ongoing review of its finance arm’s insurance portfolio, the company said.
French carmaker PSA’s sales lifted by growth in Iran and Latin America
PARIS (Reuters) – French carmaker PSA’s global sales jumped by 15 percent last year as strong growth in Iran and Latin America helped to offset difficulties in Britain and China.
Maersk, IBM to launch blockchain-based platform for global trade
COPENHAGEN (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars.
Exclusive: Saudi Aramco snubs UBS and Bank of America for listing roles – sources
LONDON (Reuters) – Saudi Aramco has not invited UBS and Bank of America Merrill Lynch to pitch for senior advisory roles in its stock market listing because they have not lent money to the state oil giant in recent years, according to five finance sour…
Bitcoin slides 18 percent on crackdown fears; crypto rivals also plunge
LONDON (Reuters) – Bitcoin tumbled 18 percent on Tuesday to a four-week trough close to $11,000, after reports that a ban on trading of cryptocurrencies in South Korea was still an option drove fears grew of a wider regulatory crackdown.
Shares stay on record run, metals suffer meltdown
LONDON (Reuters) – Asia and Europe’s big bourses kept world shares on their record-breaking run on Tuesday, although a steadier dollar halted the sizzling start to the year for the euro, yen and yuan and sent metals markets down sharply.
Bitcoin slides 14 percent on crackdown fears, hits four-week low
LONDON (Reuters) – Bitcoin slid as much as 14 percent on Tuesday to hit a four-week low below $12,000, as fears grew of a regulatory crackdown after reports that South Korea’s finance minister had said banning trading in cryptocurrencies was still an o…
