Bhinneka News Online: Reuters Before the Bell: ZTE Corp swings to first-quarter profit of 862.6 million yuan

Monday 29 April 2019

Reuters Before the Bell: ZTE Corp swings to first-quarter profit of 862.6 million yuan

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Monday, April 29, 2019

ZTE Corp swings to first-quarter profit of 862.6 million yuan

China's ZTE Corp reported on Monday a first-quarter profit of 862.6 million yuan ($128.2 million), as expected, up from 276 million yuan in the preceding three months, as it recovered from last year's U.S. sanctions.

Iran says U.S. sanctions on its oil industry will damage market stability

U.S. sanctions against Iran's oil industry will damage the stability of global oil markets, a senior Iranian official was quoted as saying on Monday.

Anadarko to resume talks with Occidental on 'superior' $38 billion bid

Anadarko Petroleum Corp said on Monday it planned to resume talks with Occidental Petroleum Corp over its $38 billion bid lodged in competition with an earlier $33 billion bid from Chevron Corp.

Oil falls after Trump presses OPEC to offset Iran sanctions

Oil prices fell on Monday, extending the Friday decline that halted a weeks-long rally, after President Donald Trump demanded that producer club OPEC raise output to soften the impact of U.S. sanctions against Iran.

U.S. oil-storage industry fines soar on air, water violations

Fines for violations of air, water and waste regulations by U.S. petroleum storage facilities so far this year have exceeded all of last year - even without including two major Houston-area disasters in the last month still under investigation - according to a Reuters analysis of federal data.

Emirates says full-year results will not be as good as in previous years

Dubai state-owned airline Emirates will report "positive" full-year results next month but they will not be as good as in previous years due to higher fuel costs and unfavourable currency moves, the company's president said on Monday.

Spotify revenue beats on higher paid subscriber addition, shares rise

Spotify Technology SA reported a better-than-expected rise in first-quarter revenue on Monday as the music streaming company hit 100 million paid subscribers for its premium service, sending its shares up nearly 5 percent.

Exclusive: GAM whistle blower concerns focused on bonds sold by metals tycoon

A whistle blower at Swiss asset manager GAM Holding AG who alerted UK financial regulators last year did so over concerns about the purchase of more than half a billion pounds of bonds from commodities tycoon Sanjeev Gupta, according to two people familiar with the matter.

EU accepts Visa and Mastercard fees offer to end antitrust probe

The European Union has accepted an offer by Visa and Mastercard to cut fees on payments made by tourists using cards issued outside the bloc to stave off fines and end an EU antitrust investigation.

Global tightening cycle over, slower ride for growth ahead: Reuters Poll

Major central banks are done tightening policy, according to a majority of economists polled by Reuters, with the growth outlook wilting across developed and emerging economies along with scant prospects for a surge in inflation.