Bourse Investors Join Avocado Lovers in Potential Border-Tax Hit
Wal-Mart shoppers aren’t the only ones who could suffer under a tax plan that President Donald Trump is warming up to -- U.S. investors who trade on the London Stock Exchange, the Deutsche Boerse and Euronext might also take a hit.Stocks and bonds denominated in foreign currencies might lose as much as 15 percent of their value when their U.S. holders convert them into dollars -- one of the effects of a so-called border-adjusted tax, according to Paul Christopher, an economist at Wells Fargo & ..>> view originalMerck Posts In-Line 4Q Earnings, Issues Cautious 2017 Sales Outlook
Merck posts fourth-quarter earnings largely in line with estimates but issues a cautious outlook for the year. Martin Baccardax. Follow. Feb 2, 2017 7:11 AM EST. Merck (MRK) posted fourth-quarter earnings that were largely in line with estimates but ...>> view originalIp Analysis: Contrasting Growth Views Could Unite Trump, Yellen on Rates
President Donald Trump thinks he can return the economy to 4% annual growth. Janet Yellen, the Federal Reserve chairwoman, is expecting little more than 2%. This looks like a recipe for a collision course. In fact, the dichotomy could help keep the peace between a growth-hungry president and inflation-wary central bank. The reason is...>> view originalDeutsche Bank Falls as Client Jitters Hit Trading in Quarter
Deutsche Bank AG fell the most in four months after earnings missed analysts’ estimates as clients concerned about the bank’s financial strength stepped back from trading with the firm.The stock slumped as much as 7.1 percent, the most since September, after revenue from debt trading, its biggest source of income, fell short of estimates and equity trading revenue unexpectedly declined. Deutsche Bank said clients reduced balances and trading after news broke in September that the U.S. had dema..>> view originalUber Halts Ride-Hailing Service in Taiwan
Months after selling its ride-hailing services in mainland China, Uber Technologies Inc. said Thursday it will halt its services in Taiwan due to an escalating dispute with the government over the legality of its operations. Uber, which entered Taiwan four years ago, said the move to halt its operations effective Feb. 10 is a bid to “reset the conversation” with the Taiwanese government, which has ordered Uber to pay $4.25 million in...>> view originalDeutsche Boerse chief executive in insider trading probe
Image copyright Getty Images German prosecutors are investigating Deutsche Boerse boss Carsten Kengeter over possible insider trading.Mr Kengeter bought around 4.5m euros (£3.85m) of stock in his own company just over two months before the German exchange announced merger talks with the London Stock Exchange.Deutsche Boerse said the December 2015 purchase was related to its remuneration programme."The accusations are groundless," Deutsche Boerse's Joachim Faber said."Only in the second half..>> view originalBank of England Raises Growth Outlook
LONDON—The Bank of England said Thursday it expects faster growth in the U.K. over the next few years than previously thought, though officials signaled they are in no rush to raise borrowing costs as Britain’s exit from the European Union continues to cast a shadow of uncertainty over the economy. Officials led by Gov. Mark Carney held the central bank’s benchmark interest rate steady at 0.25% at the conclusion of their February policy meeting and agreed to halt purchases of government bonds ..>> view originalTrump golf course ordered to pay $5.7 million to ex-members
President Donald Trump's golf course in Jupiter, Florida, was ordered by a judge to pay $5.7 million to former members who had sued to get refunds for their memberships. Some former members of the Trump National Golf Club Jupiter sued to get their money back after Trump allegedly changed the membership rules following his 2012 acquisition of the money-losing venture from Ritz-Carlton Hotel Co. and barred them from the facilities. Trump told them if they didn't like the new rules to get lost. U..>> view originalSony slashes profit outlook after film weakness
TOKYO--A top Sony Corp. executive on Thursday ruled out selling any part of the company's movie and television business after troubles in Hollywood led Sony to post a nearly $1 billion write-down. "There is no chance we will sell the unit," said Sony's chief financial officer, Kenichiro Yoshida, at an earnings news conference. He also said Sony wouldn't sell a small stake to a strategic partner. "It's important that we keep full ownership," he said. Sony said earlier in the week that it had tak..>> view originalFacebook (FB) Tops on Q4 Earnings Driven by Mobile & Video
Facebook, Inc.’s (FB - Free Report) earnings streak continues with yet another better-than-expected quarterly performance. Facebook’s fourth-quarter 2016 adjusted earnings of $1.24 per share and revenues of $8.8 billion easily topped the respective Zacks Consensus Estimate of $1.11 and $8.5 billion. This is Facebook’s sixth successive quarter of earnings and revenue beat.Mobile and live video efforts are paying off big time for the social media giant. Instagram is also emerging as a major ca..>> view original
Thursday, February 2, 2017
Bourse Investors Join Avocado Lovers in Potential Border-Tax Hit and other top stories.
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