JD.com will report earnings before the open tomorrowJD.com Inc (NASDAQ:JD) reports first-quarter earnings before the open tomorrow, and will be in particular focus after Chinese rival Alibaba (BABA) reported an earnings victory on Friday. Ahead of tomorrow's event, the options market is bracing for a larger-than-normal move from the e-commerce name. Over the last eight quarters, JD.com stock ha...Read More
MOSCOW (Reuters) - President Vladimir Putin stuck with his long-serving prime minister in his first act after being sworn in for a new term on Monday, signalling that he would keep faith with a policy direction that has brought Russia into conflict with the West.Standing in the ornately-decorated Andreyevsky Hall of the Grand Kremlin Palace, with his hand on a gold-embossed copy of the constitutio...Read More
HONG KONG (Reuters) - Carlyle Group (CG.O) is set to close its biggest-ever Asia private equity fund at $6.5 billion, people with direct knowledge of matter said, in a deal that adds to the record levels of funds seeking deals in the region.The private equity giant had initially targeted a fund of $5 billion but raised its expectations following a strong response from its investors, known as limit...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Monday defended his pick to run the CIA after U.S. media reports surfaced that she had sought to withdraw from the nomination over concerns about her involvement in the agency’s interrogation program.Gina Haspel is expected to face a brutal confirmation hearing in the Senate Intelligence Committee on Wednesday, and the Washington Post rep...Read More
(Bloomberg) - Gold imports by India, which vies with China as the biggest consumer, declined in April, according to a person familiar with the information, falling for a fourth month amid lackluster sales.Overseas purchases dropped 46 percent to 52.7 metric tons last month from a year earlier, the person said, asking not to be identified as the figures aren't public. Imports in the first four mon...Read More
LONDON (Reuters) - Oil prices rose to their highest levels since late-2014 on Monday, boosted by fresh troubles for Venezuelan oil company PDVSA and a looming decision on whether the United States will re-impose sanctions on Iran.Brent crude oil futures were at $75.78 a barrel at 1236 GMT, up 91 cents from their last close. Earlier in the session they touched their highest since November 2014 at $...Read More
BEIJING (Reuters) - China’s main ports will step up quarantine checks on imports of apples and logs from the United States, and shipments found carrying disease or rot could be returned or destroyed, the Chinese customs agency said on Monday.Reuters reported last week that the main Chinese ports of entry have ramped up checks on fresh fruit imports from the United States, which could delay s...Read More
MILAN (Reuters) - Telecom Italia (TIM) (TLIT.MI) is expected to reappoint Amos Genish as its chief executive on Monday, as the phone group enters a new phase after activist fund Elliott wrestled board control from top shareholder Vivendi (VIV.PA).Elliott pulled off a boardroom coup at the former state monopoly on Friday, winning a shareholder vote to appoint 10 independent directors - or two-third...Read More
LONDON (Reuters) - Oil prices hit their highest since late 2014 on Monday, driven by a deepening economic crisis in Venezuela and worries that the Unites States could re-impose sanctions on Iran, while stocks firmed and the dollar surged to another 2018 high.With trading thinned by a holiday closure in London, European shares opened higher, boosted by energy stocks as well as encouraging earnings...Read More
NEW YORK (Reuters) - Billionaire investor Warren Buffett on Monday said buyers of bitcoin, which he has characterized as “rat poison squared,” thrive on the hope they’ll find other people who will pay more for it.Likening bitcoin demand to the tulip mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway Inc (BRKa.N), said the mystique behin...Read More
Sarepta stock has nearly tripled in the past yearShares of InVitae Corp (NYSE:NVTA) and Sarepta Therapeutics Inc (NASDAQ:SRPT) are pointed higher this morning, after the two companies expanded their partnership in clinical research for Duchenne Muscular Dystrophy (DMD) treatments. The collaboration takes advantage of NVTA's genetic testing to find patients who may benefit from SRPT's clinical tr...Read More
TORONTO (Reuters) - Canadian department store owner Hudson’s Bay Co (HBC.TO) and joint venture partner RioCan REIT (REI_u.TO) have signed a conditional agreement to sell HBC’s flagship store in downtown Vancouver for about C$675 million ($524.4 million) to an Asian buyer, a person familiar with the matter told Reuters.The buyer, who owns a closely held real estate company, is seeking t...Read More
The stock touched a record high of $100.73 on May 2Yoga apparel concern Lululemon Athletica Inc. (NASDAQ:LULU)stock is trading higher this morning, after receiving a price-target raise to $104 from $96 from Deutsche Bank -- in uncharted territory. LULU shares are now poised to close back above their 20-day moving average, after pulling back from record highs on Friday. Lululemon stock was up 1% a...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
Demonstrators have blockaded roads in Ethiopia's unruly Oromia region pressing the government to revoke the renewal of a mining licence for a company owned by Saudi billionaire Mohammed al-Amoudi because of alleged pollution and health risks to locals.Protesters have blockaded local roads since April 30, preventing people from going to work and forcing schools to cancel classes, and have said they...Read More
The FDA approved PLENVU, which is partially developed by the VRX subsidiaryShares of Valeant Pharmaceuticals Intl Inc (NYSE:VRX) are up 2.6% to trade at $18.49, after the Canada-based drugmaker said the Food and Drug Administration (FDA) had approved PLENVU -- a bowel cleanser used to prep patients for colonoscopies -- which is jointly developed by VRX subsidiary Salix Pharmaceuticals and Norgine....Read More
Photo: Agreement signing attended by (from left) Ivanplats Managing Director Dr. Patricia Makhesha (standing); Ivanhoe Chief Financial Officer Marna Cloete (seated); Municipal Technical Director William Nkuna; Acting Municipal Manager Marcus Mthombeni; and Mogalakwena Mayor Andrina Matsemela. (Image from Ivanhoe Mines Ltd.)MOKOPANE, South Africa, May 07, 2018 (GLOBE NEWSWIRE) - Robert Friedland,...Read More
ROME (Reuters) - The prospect of an election re-run in July grew on Monday as Italian President Sergio Mattarella held a final round of consultations to try to break two months of political deadlock with party leaders still far apart.The leaders of the two parties with most parliamentary seats, the anti-establishment 5-Star Movement and the far-right League, suggested an election should be held on...Read More
(Kitco News) - Money managers slashed their bullishpositioning in gold futures by 61% and flipped back to a net bearish positionin silver during the most recent reporting week for data compiled by theCommodity Futures Trading Commission. “The CFTC’s statistics show thatspeculative market participants were significantly more pessimistic in the weekto 1 May,” said a research no...Read More
WASHINGTON (Reuters) - Talks to update the NAFTA trade deal enter a make-or-break week on Monday, as ministers from Canada, the United States and Mexico seek to resolve an impasse in key areas before elections in Mexico and the United States complicate the process.Discussions in Washington will center on rules of origin that govern what percentage of a car needs to be built in the North American F...Read More