Bhinneka News Online: Reuters Before the Bell: Deere trims earnings forecast on trade war woes

Friday, 16 August 2019

Reuters Before the Bell: Deere trims earnings forecast on trade war woes

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Friday, August 16, 2019

Deere trims earnings forecast on trade war woes

Deere & Co.'s third-quarter earnings on Friday missed Wall Street estimates, hurt by the U.S.-China trade war that has dented the demand for its farm machines, forcing the company to revise down its full-year profit and sales growth forecasts.

Stocks gain on stimulus hopes but still head for third losing week

World stocks rose on Friday as expectations grew of further stimulus by central banks, offsetting worries about slowing economic growth, which intensified this week as the U.S. yield curve inverted for the first time since 2007.

Trade tensions and a weaker yuan drive Chinese crypto demand, market players say

(This Aug. 14 story corrects spelling of executive's name in 5th and 9th paragraphs)

U.S. 30-year yields drop to record low; 10-year yields sink

U.S. 30-year Treasury yields fell to a record low below 2% and benchmark 10-year notes dropped to a three-year trough on Thursday amid persistent worries about global trade tensions and economic slowdowns around the world.

Alibaba and the $15 billion question: Amid Hong Kong's protests, when to list?

Hong Kong's political unrest is posing a dilemma for Alibaba Group Holding Ltd on the timing of its planned $15 billion listing in the city, with sources saying China's biggest e-commerce company is now considering several timetables.

Oil rises 2% as recession fears recede

Crude oil prices rose more than 2% on Friday, recovering from two days of declines after data showing a rise in U.S. retail sales helped to ease concerns about a recession in the world's biggest economy.

U.S. surfboard makers not so stoked about China tariffs

President Donald Trump's decision to slap 10% tariffs on imported surfboards convinced surf executive Sue Bowers to move factory jobs out of China - but not back to the United States, which was one goal of Trump's tariffs.

Invesco thrives in China as former executive Ross leads Trump's trade war

The former investment company of U.S. Commerce Secretary Wilbur Ross has been flourishing in China, even as he marshals billions of dollars' worth of punishing tariffs in America's deepening trade war.

STAR Market tech board offers hope to Chinese venture capitalists

When Chinese venture capital firm New Vision Capital invested in two startups focusing on cloud computing and micro-optics, the plan was to eventually take them public on the Nasdaq exchange.

Irish regulator nears end of first privacy probe, ruling to take months

Ireland's data privacy regulator is close to concluding its first probe into a multinational company under the EU's new privacy laws, likely to involve Facebook's WhatsApp subsidiary, although a formal decision could take months.