Breaking News
Home | Business

Business

HPE share price up 1% despite Q2 results revenue miss

The IT services company’s stock is up despite worse-than-expected Q2 revenue. WT24 Desk HPE (Hewlett-Packard Enterprises) share price has increased since the information tech services company released a mixed Q2 earnings report. The spin-off corporation of HP (Hewlett-Packard) had high earnings, but disappointing revenue, IG reports. HPE earnings: key figures Earnings per share$0.42Revenue$7.15 billion HPE’s Q2 earnings up, but revenue down HPE’s ...

Read More »

Global stocks, oil edge higher on muted trade optimism

WT24 Desk LONDON – World stocks edged higher on Friday and oil prices recovered from bruising falls, after U.S. President Donald Trump nurtured muted hopes of progress in U.S.-China talks while concerns over trade and the health of the world economy persisted., Reuters reports. Trade tensions have roiled global markets this week with the MSCI All Country index up 0.2% ...

Read More »

ADB provides $400mn loan for Ctg-Cox’s Bazar rail link

WT24 Desk Bangladesh signed a deal with the Asian Development Bank (ADB) on Thursday for a $400 million loan to connect Chattogram and Cox’s Bazar by rail, UNB reports. Its goal is to promote trade, investment and tourism in Bangladesh, ADB said.  The assistance forms the second part of $1.5 billion ADB loans for the SASEC Chattogram-Cox’s Bazar Railway Project. ...

Read More »

Equities, pound and oil sink in Asia on trade and Brexit woes

WT24 Desk HONG KON– Asian equities tumbled Thursday as China-US trade frictions continue to dog investors, while the pound hit a fresh-four-month low on Brexit worries and energy firms were battered by plunging oil prices, AFP reports. Markets across the region were in the red as traders ran to the hills,with no signs of a break in the tariffs stand-off ...

Read More »

Tokyo stocks open higher after rebound in US shares

WT24 Desk TOKYO – Tokyo stocks opened higher on Wednesday following a rebound on Wall Street after the United States said it would delay a ban on Chinese telecom giant Huawei, AFP reports. The benchmark Nikkei 225 index was up 0.44 percent, or 93.01 points, at21,365.46 in early trade, while the broader Topix index was up 0.36 percent,or 5.51 points, ...

Read More »

Japan’s trade surplus falls sharply as exports drop

WT24 Desk TOKYO – Japan’s trade surplus dropped by around 90 percent in April, official data showed Wednesday, with exports affected by a slowdown in China’s economy as it wages a trade war with Washington, AFP reports. Meanwhile, Japan’s politically sensitive trade surplus with the UnitedStates grew 17.7 percent in April from a year earlier, the data showed, daysbefore US ...

Read More »

Sensex spirals to record high in early trade on the back of exit polls

The benchmark BSE Sensex continued to rise for the second day on Tuesday following the exit poll predictions of an NDA win in Lok Sabha elections 2019. WT24 Desk The benchmark BSE Sensex jumped over 200 points to hit a record intra-day high of 39,565.82 as investors’ euphoria over exit poll outcome continued in early session on Tuesday. The 30-share index ...

Read More »

Most Asian markets up but trade row rumbles on

WT24 Desk HONG KONG – Most Asian markets rose Monday after Donald Trump showed signs of conciliation in his trade wars but investors remain on edge over the China-US standoff with some concerns that talks between the two have stalled, AFP reports. Sydney led gainers and the Australian dollar rallied after a shock win forthe business-friendly conservatives, while Japanese dealers ...

Read More »

The Stock Market Winners and Losers From Australia’s Election

Morrison’s Conservatives cling to office on economic record Builders, insurers, miners may rally as voters reject Labor WT24 Desk Prime Minister Scott Morrison has secured a third term in office for his Liberal-National coalition with a surprise election victory, after Australian voters rejected the Labor opposition’s progressive policy agenda, Bloomberg reports. The shock result has wide-ranging implications for a slew of ...

Read More »

Trump lifts tariffs on Mexico, Canada, delays auto tariffs

WT24 Desk Bogged down in a sprawling trade dispute with U.S. rival China, President Donald Trump took steps Friday to ease tensions with America’s allies — lifting import taxes on Canadian and Mexican steel and aluminum and delaying auto tariffs that would have hurt Japan and Europe, AP reports. By removing the metals tariffs on Canada and Mexico, Trump cleared ...

Read More »