Shares in Swedish telecoms firm Ericsson shot up by 5% in early trades yesterday after it posted better-than-expected third quarter earnings, turning its first net profit in more than two years. Ericsson’s net profit soared to 2.7bn kronor ($301mn, €261mn) during the period July-September, compared
It’s probably not the kind of success US President Donald Trump had in mind, but his trade dispute with China has effectively killed off the burgeoning energy trade between the world’s two biggest economies.
Japan’s exports fell in September for the first time since 2016 as shipments to the United States and China declined, likely impeding third quarter economic growth and adding to concerns about the broadening impact of an escalating Sino-US trade war.
Turkish President Recep Tayyip Erdogan signed off on a proposed 2019 budget that promises to help the Middle East’s largest economy regain balance and financial stability while curbing consumer inflation.
A slump in stocks followed by an unexplained rebound. A bond market that appeared to be driven by an entirely different narrative. And at the end of it all, a gauge of volatility at its highest in almost three years.
Doha Bank, whose quarterly profit beat estimates, has left the worst of bad loans behind as it seeks to scale up investments, its chief executive officer has said.
Goldman Sachs Group Inc jacked up its spot LNG forecast after the market was hit by China’s double blow of boosting demand for gas while lifting prices of the fuel’s main competitor coal by limiting mine output.
Four major US public funds that hold shares in Facebook Inc on Wednesday proposed removing chief executive officer Mark Zuckerberg as chairman following several high-profile scandals and said they hoped to gain backing from larger asset managers.