Harley beats expectations despite dollar, pricing headwinds
CHICAGO (Reuters) – Harley-Davidson Inc beat Wall Street profit and sales expectations on Tuesday despite headwinds from a strong U.S. dollar and steep discounts by rivals, sending shares up 4 percent.
U.S. banks prepare for oil and gas company loans to worsen
NEW YORK (Reuters) – U.S. banks are setting aside more money to cover bad loans to energy companies after oil prices plunged over the last year, raising the possibility that deteriorating loans could start to weigh on their earnings, some analysts said…
UBS expects Tesla’s car and battery sales growth to disappoint
(Reuters) – Tesla Motors Inc is just not feeling the love from Wall Street, with UBS on Tuesday becoming the third investment bank this month to downgrade the electric sports-car maker’s stock.
Gold teeters near five year low after ‘bear raid’, more losses expected
LONDON (Reuters) – Gold was on the brink of five year lows on Tuesday, with more losses expected in the coming months following Monday’s “bear raid” when sellers dumped an estimated 33 tonnes in just two minutes.
Gold teeters near five year low after ‘bear raid’, more losses expected
LONDON (Reuters) – Gold was on the brink of five year lows on Tuesday, with more losses expected in the coming months following Monday’s “bear raid” when sellers dumped an estimated 33 tonnes in just two minutes.
Toshiba CEO quits over accounting scandal
TOKYO (Reuters) – Toshiba Corp’s chief executive Hisao Tanaka and a string of other senior officials resigned on Tuesday for their roles in the country’s biggest accounting scandal in years.
BlackRock steps up China drive with new license to raise onshore funds
BANGKOK/HONG KONG (Reuters) – U.S. fund giant BlackRock Inc has won a special new licence that will allow it to raise funds in China directly for the first time, a senior executive told Reuters, paving the way for the world’s largest money manager to e…
Gold claws back ground, European assets lose Greek tarnish
LONDON (Reuters) – Gold prices steadied on Tuesday after plunging more than 4 percent in recent sessions, but remained under pressure as the dollar touched a three-month high on firming expectations of an interest rate hike.
Fed takes tough stance on bond liquidity, downplays market fears
NEW YORK/WASHINGTON (Reuters) – While Wall Street frets over the ability of bond markets to absorb an approaching interest rate rise, the U.S. Federal Reserve has a message for the industry: deal with it.
Ford bets U.S. consumers will snap up high-end pickup trucks
DETROIT (Reuters) – Ford Motor Co on Tuesday will launch a new luxury version of its F-150 pickup truck that could command prices above $60,000, answering growing demand from U.S. consumers for trucks that could substitute for a higher end German sedan…
