|
Apr 26, 2019
Ride-hailing company Uber Technologies
Inc will unveil terms for its initial public offering
on Friday, telling investors it will seek to be valued at
between $80 billion and $90 billion, according to people
familiar with the matter.
|
|
Apr 26, 2019
Online payments company PayPal Holdings
Inc plans to invest $500 million in Uber Technologies
Inc as the ride-hailing firm readies to unveil terms
for its initial public offering on Friday, Refinitiv IFR
reported.
|
|
Apr 26, 2019
Ride-hailing company Uber Technologies
Inc will unveil terms for its initial public offering
on Friday, telling investors it will seek to be valued at
between $80 billion and $90 billion, according to people
familiar with the matter.
|
|
Apr 26, 2019
London copper prices on
Friday rose from a one-month low touched in the previous
session, buoyed as the U.S. dollar eased from a two-year high
and supported by hopes of a U.S.-China trade deal.
|
|
Apr 25, 2019
Asian shares drifted off in
sleepy trade on Friday, while the dollar held around two-year
highs on speculation that figures later in the day will show the
U.S. economy outperforming the rest of the developed world.
|
|
Apr 25, 2019
Asian spot prices for
liquefied natural gas (LNG) snapped three straight weeks of
gains this week as more spot cargoes filled the market while
levels in storage tanks in the main demand region of North Asia
remained relatively high.
|
|
Apr 25, 2019
Japanese government bond prices
rose on Friday as a decline in Tokyo stocks supported the
safe-haven appeal of debt.
|
|
Apr 25, 2019
To access a PDF version of this newsletter, please click here http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_04262019.pdf
If you would like to receive this newsletter via email, please register at:
http://financial-risk-solutions.thomsonreuters.info/india-morning
FACTORS TO WATCH
5:00 pm: RBI to release weekly foreign exchange data in Mumbai.
LIVECHAT - CHARTS & CHAT
Reuters Stocks Buzz writer and Chartist Terence Gabriel calls out
|
|
Apr 25, 2019
The United States on Thursday added
China's third-largest e-commerce platform to its list of
"notorious markets" for violations of intellectual property
rights and kept China on its priority watch list for piracy and
counterfeiting concerns.
|
|
Apr 25, 2019
Japan's Nikkei share average
fell on Friday following disappointing earnings from high-tech
firms and as market players wind down for the 10-day holiday to
celebrate the enthronement of Crown Prince Naruhito.
|
|
Apr 25, 2019
London copper prices on
Friday inched away from a one-month low touched in the previous
session, buoyed as the U.S. dollar eased from a two-year high.
|
|
Apr 25, 2019
Democratic
presidential hopeful John Hickenlooper, a former governor of
Colorado, will release an anti-monopoly plan in California on
Friday that could challenge the dominance of such companies as
Amazon and Google, his campaign told Reuters.
|
|
Apr 25, 2019
Gold rose on Friday, on track for its
first weekly gain in five weeks as investors focused on signs of
economic weakness after dismal data from Germany and Asia,
although a strong dollar ahead of U.S. GDP data kept a lid on
gains.
|
|
Apr 25, 2019
The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
|
|
Apr 25, 2019
U.S. social media giant Facebook Inc
on Thursday said it has filed a lawsuit in U.S. Federal
court, against a company and three people in New Zealand,
alleging the sale of fake engagement services on its Instagram
photo-sharing platform.
Facebook, in a blogpost http://bit.ly/2L4Bpep, said the
company and individuals - whom it did not name - used various
other companies and websites to sell the services. It said it
issued warnings and suspended associated accounts but that th
|
|
Apr 25, 2019
The following are the top stories on
the business pages of British newspapers. Reuters has not
verified these stories and does not vouch for their accuracy.
|
|
Apr 25, 2019
Uber, Didi Chuxing and
other ride-hailing firms on Thursday criticized a host of new
regulations of the sector in Mexico's capital city, which
include a ban on cash fares that could exclude many potential
customers who lack bank accounts.
|
|
Apr 25, 2019
Tesla Inc Chief Executive Elon
Musk and the U.S. Securities and Exchange Commission on Thursday
sought a second delay and requested to provide the court another
joint submission on or before April 30, indicating whether they
have reached an agreement to settle a dispute over Musk's use of
Twitter, both parties said in a court filing.
|
|
Apr 25, 2019
Asian shares got off to a
subdued start on Friday, while the dollar held near two-year
highs against the euro on speculation that data later in the day
will show the U.S. economy outperforming the rest of the
developed world.
|
|
Apr 25, 2019
Los Angeles County sued Southern
California Edison on Thursday, alleging that the company's
damaged electrical equipment may have sparked the Woolsey fire
that engulfed Malibu and nearby neighborhoods, the Los Angeles
Times reported on Thursday.
|
|
Apr 25, 2019
Uber, Didi Chuxing and
other ride-hailing firms on Thursday criticized a host of new
regulations of the sector in Mexico's capital city, which
include a ban on cash fares that could exclude many potential
customers who lack bank accounts.
|
|
Apr 25, 2019
Ford Motor Co on
Thursday posted a better-than-expected first quarter largely due
to strong pickup truck sales in its core U.S. market and said it
was more confident in its forecast 2019 would bring better
results than last year.
|
|
Apr 25, 2019
Greenhill & Co. has
hired former Morgan Stanley banker Alfredo Porretti to
build up the investment bank's business of defending companies
against activist investors, a source said on Thursday.
|
|
Apr 25, 2019
Oil services company
TechnipFMC's saw a slump in revenue and net income in
the first quarter, missing expectations but said it had returned
to growth as it booked $6.2 billion in orders, the highest since
the last quarter of 2014.
|
|
Apr 25, 2019
Ride-hailing company Uber Technologies
Inc will unveil terms for its initial public offering
on Friday, telling investors it will seek to be valued at
between $80 billion and $90 billion, according to people
familiar with the matter.
|
|
Apr 25, 2019
Anadarko Petroleum Corp, the
target of a bidding war between Occidental Petroleum Corp
and Chevron Corp, beat analysts' estimates for
quarterly profit on Thursday, fueled by higher sales volume and
lower costs.
|
|
Apr 25, 2019
Brazil's largest fashion
retailer, Lojas Renner SA, reported on Thursday a
quarterly net profit that was 45 percent higher year-on-year and
greatly exceeded market expectations, helped by double-digit
sales growth despite a sluggish economy.
|
|
Apr 25, 2019
T-Mobile US Inc first-quarter
revenue and profit jumped from a year earlier, beating Wall
Street's estimates, as competitive pricing lured new subscribers
to its monthly cellphone plans.
|
|
Apr 25, 2019
Bunge Ltd on Thursday named
Gregory Heckman as its new chief executive officer, three months
after he stepped in as acting CEO at the embattled global grains
merchant stung by slumping grain prices and a bruising
U.S.-China trade war.
|
|
Apr 25, 2019
Brazilian cosmetics firm
Natura Cosmeticos SA on Thursday said in a statement
that it is still in talks to buy Avon Products Inc, the
company that controls Avon's operations outside North America.
|
|
Apr 25, 2019
International private
companies have increased their investment in Brazil's power
sector over the last three years even as the country's
cash-strapped state-controlled companies have cut back, a
Reuters survey of power companies shows.
|
|
Apr 25, 2019
Brazil's largest fashion
retailer, Lojas Renner SA, reported a quarterly net
profit on Thursday that was 45 percent higher year-on-year and
greatly exceeded market expectations, helped by double-digit
growth in sales despite a still sluggish economy.
|
|
Apr 25, 2019
Agnico Eagle Mines,
the biggest Canada-focused gold miner, reported an 18% decline
in first-quarter profit on Thursday on lower gold production as
its Meadowbank mine in Canada's Nunavut territory nears the end
of its life.
|
|
Apr 25, 2019
Anadarko Petroleum Corp, the
target of a bidding war between Occidental Petroleum Corp
and Chevron Corp, beat analysts' estimates for
quarterly profit on Thursday, fueled by tighter cost controls
and higher sales volume.
|
|
Apr 25, 2019
Mexico's largest retailer
Walmart de Mexico reported on Thursday that
first-quarter net profit rose 3.8 percent in a "challenging"
start to the year, falling below market expectations.
|
|
Apr 25, 2019
Ride-hailing company Uber Technologies
Inc will unveil terms for its initial public offering
on Friday, telling investors it will seek to be valued at
between $80 billion and $90 billion, according to people
familiar with the matter.
|
|
Apr 25, 2019
Agnico Eagle Mines,
the biggest Canada-focused gold miner, reported a decline in
first-quarter profit on lower gold production as its Meadowbank
mine in Canada's Nunavut territory nears the end of its life,
the company said on Thursday.
|
|
Apr 25, 2019
New York Attorney General Letitia James
said on Thursday she is investigating Facebook Inc's
unauthorized storage of up to 1.5 million Facebook users' email
contact databases, the latest privacy issue to affect the U.S.
social media giant.
|
|
Apr 25, 2019
International private
companies have increased their investment in Brazil's power
sector over the last three years even as the country's
cash-strapped state-controlled companies have cut back, a
Reuters survey of power companies shows.
|
|
Apr 25, 2019
Warren Buffett said his conglomerate
Berkshire Hathaway Inc could repurchase as much as $100
billion of its stock, the Financial Times said on Thursday
without providing a time frame, citing a recent interview with
the billionaire.
|
|
Apr 25, 2019
Global grains trader Bunge Ltd
on Thursday named Gregory Heckman as its chief executive
officer, three months after he took the helm in an interim
capacity.
|
|
Apr 25, 2019
Investors took a break from their
buying binge of risk assets in the week ended Wednesday, as
U.S.-based high-yield junk bond funds posted $520 million in
cash withdrawals, according to Refinitiv's Lipper research
service data on Thursday.
U.S.-based equity mutual funds posted $3.64 billion of cash
withdrawals in the week ended Wednesday, extending t
|
|
Apr 25, 2019
Lockheed Martin Corp
has been awarded a $724 million modification to a
domestic and foreign military sales contract for HELLFIRE II
missile variants for Lebanon, the Netherlands and France, the
Pentagon said on Thursday.
(Reporting by Mohammad Zargham)
|
|
Apr 25, 2019
Ford Motor Co on
Thursday posted a better-than-expected first-quarter largely due
to strong pickup truck sales in its core U.S. market and said it
was more confident in its forecast 2019 would bring better
results than last year.
|
|
Apr 25, 2019
Two drugmakers will pay nearly
$125 million to resolve claims they used charities that help
cover Medicare patients' out-of-pocket drug costs as a way to
pay kickbacks aimed at encouraging the use of their high-priced
medications, the U.S. Justice Department said on Thursday.
|
|
Apr 25, 2019
Facebook Inc broke
Canadian privacy laws when it collected the information of some
600,000 citizens, a top watchdog said on Thursday, pledging to
seek a court order to force the social media giant to change its
practices.
|
|
Apr 25, 2019
Anadarko Petroleum Corp,which
is the target of a bidding war between Occidental Petroleum Corp
and Chevron Corp, reported a 7.2 percent fall in
adjusted quarterly profit on Thursday, as it sold oil at lower
prices.
|
|
Apr 25, 2019
* Indexes mixed: Dow falls 0.51%, S&P off 0.04%, Nasdaq up
0.21%
(Updates to close, adds commentary)
|
|
Apr 25, 2019
New York Attorney General Letitia James
said on Thursday she is investigating Facebook Inc's
unauthorized collection of up to 1.5 million Facebook users'
email contact databases, the latest issue involving the privacy
of the company's users.
|
|
Apr 25, 2019
Uber Technologies Inc will
announce a price range on Friday for its initial public offering
(IPO) of between $44 and $50 per share, raising between $8
billion and $9 billion, people familiar with the matter said on
Thursday.
|
|
Apr 25, 2019
Global grains trader Bunge Ltd
on Thursday named Gregory Heckman as its chief executive
officer, three months after he was took the helm in an interim
capacity.
|
|
Apr 25, 2019
Mexico's largest retailer
Walmart de Mexico reported on Thursday that
first-quarter net profit rose 3.8 percent in what it described
as a "challenging" start to the year, falling below analyst
expectations.
|
|
Apr 25, 2019
Ford Motor Co on
Thursday posted a better-than-expected first-quarter as pickup
truck sales remained strong in its core U.S. market and the
company expressed greater confidence in its forecast that 2019
would bring better results than last year.
|
|
Apr 25, 2019
Mexico's largest retailer
Walmart de Mexico reported first quarter net profit of 8.66
billion pesos ($446 million) on Thursday, about an 3.8 jump over
the year-earlier period.
|
|
Apr 25, 2019
* Kenneth killed three overnight on Comoros
(Adds cyclone-monitoring centre detail, Kenya Airways)
|
|
Apr 25, 2019
Ford Motor Co on
Thursday posted a better-than-expected first-quarter as pickup
truck sales remained strong in its core U.S. market and the
company expressed greater confidence in its forecast that 2019
would bring better results than last year.
|
|
Apr 25, 2019
U.S. refiner Citgo, a subsidiary of
Venezuelan state-owned oil company PDVSA, said in a statement
that a March debt deal was "carried out in compliance with all
applicable U.S. laws" after Venezuelan President Nicolas Maduro
called it "illegal."
|
|
Apr 25, 2019
Ford Motor Co on
Thursday posted lower profit for the first quarter but beat
analyst estimates as pickup truck sales remained strong in its
core U.S. market.
|
|
Apr 25, 2019
Mattel Inc beat Wall Street
estimates for quarterly revenue on Thursday, as the company sold
more Barbie dolls and saw healthy demand for toys based on the
"Jurassic World" and "Toy Story" franchises in the United
States.
|
|
Apr 25, 2019
Investors took a break from their
buying binge of risk assets in the week ended Wednesday, as
U.S.-based high-yield junk bond funds posted $520 million in
cash withdrawals, according to Refinitiv's Lipper research
service data on Thursday.
|
|
Apr 25, 2019
Grubhub Inc's
first-quarter net income tumbled 78 percent after it ramped up
spending to attract and retain restaurant partners and delivery
customers.
|
|
Apr 25, 2019
T-Mobile US Inc on Thursday
beat Wall Street's first-quarter estimates for net new phone
subscribers who pay a monthly bill, aided by its
competitively-priced wireless plans aimed at fending off its
bigger rivals.
|
|
Apr 25, 2019
The S&P 500 ended Thursday's
session slightly lower as a dive in industrials stocks and
concerns about slowing global growth overshadowed gains in
Facebook Inc and Microsoft Corp.
|
|
Apr 25, 2019
Investors took a break from their
buying binge of risk assets in the week ended Wednesday, as
U.S.-based high-yield junk bond funds posted $520 million in
cash withdrawals, according to Refinitiv's Lipper research
service data on Thursday.
|
|
Apr 25, 2019
Brazilian cosmetics firm
Natura Cosmeticos SA on Thursday said in a statement
that it is still in talks for a deal with Avon Products Inc
, the company that controls Avon's operations outside
North America.
|
|
Apr 25, 2019
Southwest Airlines Co forecast
better-than-expected second-quarter revenue growth on Thursday,
citing demand from leisure and business customers, even though
it is uncertain when its grounded Boeing 737 MAX jets will
return to service.
|
|
Apr 25, 2019
A private market group
sponsored by the Federal Reserve and other U.S. agencies on
Thursday recommended terms and conditions in new contracts on
floating-rate notes and syndicated loans which reference the
London interbank offered rate (LIBOR).
|
|
Apr 25, 2019
Mexican cement producer Cemex SAB de CV
said on Thursday that it nearly doubled its profit
during the first quarter, but the results fell short of
analysts' expectations, sending Cemex shares down.
|
|
Apr 25, 2019
Facebook Inc on
Thursday barred a New Mexico-based paramilitary group that has
stopped undocumented migrants near the U.S.-Mexico border from
using its fundraising tools and said it would remove any of its
posts that violated company policies.
|
|
Apr 25, 2019
Brazilian cosmetics firm
Natura Cosmeticos SA on Thursday said in a statement
that it is still in talks for a deal with Avon Products Inc
, the company that controls Avon's operations outside
North America.
|
|
Apr 25, 2019
London's new flagship rail line
connecting Heathrow Airport to the Canary Wharf financial
district may not now open before 2021, more than two years
behind schedule, the Crossrail project said on Thursday.
|
|
Apr 25, 2019
Morgan Stanley will pay $150
million to settle charges it misled two large California public
pension funds about the risks of mortgage-backed securities they
bought in the years leading up to the 2008 global financial
crisis.
|
|
Apr 25, 2019
* Indexes mixed: Dow falls 0.3%, S&P up 0.16%, Nasdaq up
0.4%
(Updates to late afternoon, adds commentary and New York
dateline, changes byline)
|
|
Apr 25, 2019
The United States on Thursday added
China's third-largest e-commerce platform to its list of
"notorious markets" for violations of intellectual property
rights and kept China on its priority watch list for piracy and
counterfeiting concerns.
|
|
Apr 25, 2019
The chief executive of EQT Corp
has rejected allegations in a lawsuit filed on Thursday by a
founder of Rice Energy Inc to prevent the oil and gas producer
from "manipulating" the outcome of its forthcoming board
election.
|
|
Apr 25, 2019
Canada's Bombardier Inc cut
its full-year profit and revenue forecasts on Thursday as it
wrestled with production challenges in its key railcar-making
unit, rattling markets ahead of the company's annual general
meeting next week.
|
|
Apr 25, 2019
Southwest Co Chief
Executive Gary Kelly said on Thursday the company was sticking
with its plan to keep growing its fleet with the 737 MAX made by
Boeing Co and does not plan to order different aircraft
models any time soon.
|
|
Apr 25, 2019
The U.S. Food and Drug Administration
on Thursday approved Bausch Health Companies Inc's
topical plaque psoriasis treatment, which is expected to be a
key revenue driver for the company.
|
|
Apr 25, 2019
A NASA safety panel said
on Thursday that Saturday's accident on a SpaceX astronaut
capsule happened after eight engines were test fired, but
offered scant details on what caused the mishap or the extent of
the damage.
|
|
Apr 25, 2019
Glencore Plc said https://www.glencore.com/media-and-insights/news/announcement-re-the-commodity-futures-trading-commission
on Thursday that the U.S Commodity Futures Trading Commission
(CFTC) is investigating whether the miner and its units may have
violated certain regulations through "corrupt practices".
|
|
Apr 25, 2019
Morgan Stanley will pay $150
million to settle charges it concealed the risk of
mortgage-backed securities that were sold to two large
California pension funds, the state's attorney general Xavier
Becerra announced on Thursday.
|
|
Apr 25, 2019
The U.S. Federal Aviation
Administration said Thursday it is inviting top civil aviation
officials from around the world to a May 23 meeting to discuss
the now-grounded Boeing 737 MAX.
|
|
Apr 25, 2019
* Keeps annual objectives, confident on asset disposal plan
(Adds CFO comments from call, context)
|
|
Apr 25, 2019
Glencore Plc said on Thursday
the United States Commodity Futures Trading Commission is
investigating whether the miner and its units may have violated
certain regulations through "corrupt practices" in connection
with commodities.
(Reporting by Justin George Varghese in Bengaluru; Editing by
Maju Samuel)
|
|
Apr 25, 2019
Goldman Sachs Group Inc
is expanding a financial advisory service for top
executives to target millions of other affluent employees at
some of the biggest U.S. companies, as it seeks to build its
retail and wealth management businesses.
|
|
Apr 25, 2019
* Kenneth killed three overnight on Comoros
(Adds disaster official, UN, Zimbabwe detail)
|
|
Apr 25, 2019
United Parcel Service Inc said
it saw signs of softening in the U.S. economy and issued a
disappointing second-quarter profit forecast, sending shares
down 7 percent even as it promised a strong end to the year.
|
|
Apr 25, 2019
Freeport-McMoRan Inc, the
world's largest publicly traded copper producer, posted a
lower-than-expected quarterly profit on Thursday due to slipping
production and rising costs, sending shares down more than 8
percent.
|
|
Apr 25, 2019
Bausch Health Companies Inc
said on Thursday the U.S. Food and Drug Administration has
approved its lotion for plaque psoriasis in adults.
|
|
Apr 25, 2019
The U.S. Federal Aviation
Administration said Thursday it is inviting top civil aviation
officials from around the world to a May 23 meeting to discuss
the now-grounded Boeing 737 MAX.
|
|
Apr 25, 2019
* Dow falls 0.48%, S&P up 0.04%, Nasdaq gains 0.25%
(Updates to early afternoon)
|
|
Apr 25, 2019
Lucara Diamond Corp
has unearthed the largest uncut diamond in recent history in its
Karowe mine in Botswana, the Canadian company said on Thursday,
beating its own record discovery from November 2015 that it
struggled to sell for nearly two years.
|
|
Apr 25, 2019
* Rising costs also weigh on share price
(Adds analyst comments, SEC and FSA no comments, details)
|
|
Apr 25, 2019
* Sainsbury slump, Taylor Wimpey's lower outlook weigh on
FTSE
|
|
Apr 25, 2019
* Quarterly orders of 16,805 homes beat estimates
(Adds details from conf. call, CEO and analyst comments;
updates shares)
|
|
Apr 25, 2019
Copper prices fell on Thursday
as worries over the global economic outlook increased and the
U.S. dollar hit its strongest in almost two years, making metals
more expensive for buyers with other currencies.
|
|
Apr 25, 2019
Shares of 3M Co fell 11 percent
on Thursday after the U.S. manufacturing conglomerate cut its
2019 earnings forecast and said it would lay off 2,000 workers,
citing worsening performance in high-growth markets such as
China.
|
|
Apr 25, 2019
Chipotle Mexican Grill Inc said
on Thursday it received another subpoena from U.S. federal
prosecutors, seeking information related to an outbreak that
left hundreds of people sick last year in one of its Ohio
restaurant.
|
|
Apr 25, 2019
The United States on Thursday added
China's third-largest e-commerce platform to its list of
"notorious markets" for violations of intellectual property
rights and kept China on its priority watch list for piracy and
counterfeiting concerns.
|
|
Apr 25, 2019
Gilead Sciences Inc's
experimental drug aimed at treating a type of fatty liver
disease known as NASH failed to meet the main goal of a
late-stage study on Thursday, two months after it failed another
trial.
|
|
Private Label