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Smelting constraints make zinc's price plunge look overdone
Expectations for a rise in zinc concentrate supplies in coming years have driven down the metal price to one-year lows, but smelting capacity constraints suggest the sell-off is premature.
Posted on : 2018-07-17 19:22:05
Boeing to seek supplier cost reductions after Embraer deal: CEO
Boeing will press for deeper price cuts from suppliers with overlapping operations once it completes its planned acquisition of the regional jet business of Brazil's Embraer, specChief Executive Dennis Muilenburg told Reuters on Tuesday.
Posted on : 2018-07-17 19:13:57
Telia puts pressure on Telenor with $2.6 billion Norwegian expansion
Swedish telecom operator Telia Company has agreed to buy TDC's Norwegian business in a $2.6 billion deal that adds broadband and TV to its mobile services in Norway and puts pressure on market leader Telenor.
Posted on : 2018-07-17 19:12:11
Wall Street opens lower as Netflix weighs
U.S. stocks opened lower on Tuesday, as Netflix's sharp drop following weak subscriber growth weighed on consumer discretionary stocks and as investors awaited Federal Reserve Chair Jerome Powell's Congressional testimony.
Posted on : 2018-07-17 19:08:57
Rolls-Royce says stockpiling of parts due to Brexit could start in fourth-quarter
British engine maker Rolls-Royce could start stockpiling parts later this year if it looked like Britain was heading towards a no-deal or disorderly exit from the European Union, its chief executive said on Tuesday.
Posted on : 2018-07-17 19:00:49
Factbox: Timeline of Goldman Sachs leaders
Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, succeeding Lloyd Blankfein, who has been in the role since 2006.
Posted on : 2018-07-17 18:55:45
Johnson & Johnson profit beat fueled by strength in pharma business
Johnson & Johnson topped analysts' estimates for quarterly profit and revenue on Tuesday, as strong demand for cancer drugs Zytiga and Darzalex more than made up for declining sales of blockbuster treatment Remicade.
Posted on : 2018-07-17 18:39:53
Oil steadies as focus moves from shortage to surplus
Oil prices stabilised on Tuesday as worries over supply disruptions eased and the focus moved instead to increasing production and potential damage to global growth from the U.S.-China trade dispute.
Posted on : 2018-07-17 18:38:48
Goldman Sachs beats on bond trading strength, names new CEO
Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday and named bank insider David Solomon to replace long-time Chief Executive Lloyd Blankfein.
Posted on : 2018-07-17 18:18:28
Netflix subscriber slip hints at 'lumpy' road ahead
Shares of Netflix Inc fell 13 percent on Tuesday after it reported a surprise shortfall in subscriber additions for a second quarter marked by the lack of a blockbuster new show and the soccer World Cup.
Posted on : 2018-07-17 18:12:12
Trade war puts the hoof into U.S. pig part exports to China
Before the U.S.-China trade war, American pig processors exported nine out of every 10 pigs' feet and heads they shipped overseas to China and Hong Kong - for prices higher than they would fetch anywhere else.
Posted on : 2018-07-17 18:09:36
HDFC Asset Management IPO seeks up to $409 million
HDFC Asset Management Co Ltd's initial public offering of shares next week seeks to raise as much as 28 billion rupees ($409.1 million) in one of the biggest IPOs in India this year.
Posted on : 2018-07-17 17:49:35
Global Markets: World stocks slip on oil as focus turns to Fed
Global stocks fell on Tuesday as oil prices hit a three-month low, while the dollar edged lower and most other markets were subdued before Federal Reserve Chair Jerome Powell was due to testify to the U.S. Congress.
Posted on : 2018-07-17 17:48:22
Newsmaker: Goldman Sachs names Solomon as CEO, putting a banker in charge
Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, ushering in a new era for the Wall Street bank as it expands into different businesses and revamps familiar ones.
Posted on : 2018-07-17 17:43:43
India's sugar stockpile to double on record output: trade body
Sugar stocks in India are likely to more than double by the end of the current marketing year as the world's biggest producer of the sweetener struggles to export a surplus, a leading trade body said on Tuesday.
Posted on : 2018-07-17 17:39:26
Goldman Sachs names David Solomon as CEO to replace Blankfein
Goldman Sachs Group Inc named David Solomon as its next chief executive officer on Tuesday, replacing Lloyd Blankfein who will step down on Sept. 30.
Posted on : 2018-07-17 17:37:40
Goldman Sachs beats on strength in bond trading, investment banking
Goldman Sachs Group Inc reported a better-than-expected quarterly profit on Tuesday, driven by growth in bond trading and investment banking.
Posted on : 2018-07-17 17:29:33
China's top steel city extends pollution curbs until July 21
Tangshan, China's top steelmaking city, has extended recent emergency pollution control measures until July 21 because of a possible major smog alert, according to a document seen by Reuters and a source familiar with the matter.
Posted on : 2018-07-17 17:22:32
Johnson & Johnson quarterly profit beats on higher pharma unit sales
Johnson & Johnson on Tuesday topped analysts' estimates for quarterly profit and revenue, driven by higher sales of rare-disease treatments from its acquisition of Actelion and cancer drugs Zytiga and Darzalex.
Posted on : 2018-07-17 17:21:08
Mediaset and F2i launch bid for EI Towers, spur sector tie-up hopes
Italy's biggest commercial broadcaster, Mediaset, has joined forces with infrastructure fund F2i to launch a takeover bid for masts group EI Towers, in a move widely expected to spur further consolidation in the sector.
Posted on : 2018-07-17 17:07:39
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