15 October – 19 October
Third quarter revenues at Bank of America came in just ahead of analysts’ estimates, growing 4 per cent to $22.8bn, thanks to a good performance from retail banking.
Shares in faux-Japanese clothing brand Superdry tumbled on Monday after the group warned on profits, blaming poor weather and foreign exchange costs.
Sears, the department store chain that once dominated the US retail landscape, filed for bankruptcy protection on Monday as it succumbed to a crushing debt burden and failure to adapt to upheaval in the industry.
The US economy faces a looming deceleration as tighter monetary policy starts to weigh on activity and ratchets up pressure on financial markets, according to the world’s biggest hedge fund.
Grocery delivery service Instacart has raised a $600m new war chest to help US supermarkets to go up against Amazon-owned Whole Foods.
Morgan Stanley’s growth in investment banking outshone Wall Street rivals in the third quarter, pushing revenues and profits past analysts’ expectations.
The Reserve Bank of Australia remained generally positive during its October policy meeting despite noting tighter lending standards by domestic banks amid an inquiry into the country’s scandal-ridden financial sector.
Asia-Pacific equities edged higher in a cautious start to trading after a late sell-off hit Wall Street on Monday.
Samsung Electronics is boosting its 5G networks business by purchasing Spanish network data analysis firm Zhilabs as the South Korean technology group tries to grab a bigger share of the next-generation telecoms equipment market.
Netflix shot past estimates for subscriber growth and earnings in the third quarter thanks to strong global growth, sending its shares surging after the close of trading on Tuesday.
Poland’s state-run energy company PGNiG has struck a 20-year deal to buy liquified natural gas from the US, as the country pushes to reduce its dependence on imports of Russian gas.
Having been on the back foot on the bad days, tech stocks are back on the front foot on the good days . . . like today. The sector is the top performer in the S&P 500, which itself is eyeing its second-biggest one-day advance this year.
Swiss drugmaker Novartis has announced a $2.1bn deal to acquire a US company specialising in targeted radio cancer treatments in its latest move away from high-volume drug production towards innovative and personalised medicines.
Oil prices declined for the second day in a row on Thursday, with investors still focused on a sharp build in American crude inventories.
Japan’s exports fell for the first time in close to two years in September, with shipments to major trading partners including both the US and China contracting as the Trump administration pushed for Tokyo to enter bilateral trade negotiations.
Brussels has approved a trade agreement with Vietnam in the latest sign of how the EU is trying to strike deals to fight a growing climate of protectionism.
Procter & Gamble on Friday unveiled a new round of price rises on products from toothpaste to deodorant, warning of relentless input cost pressure even as the US consumer products bellwether produced its biggest sales increase in five years.
Michelin suffered its worst stock market fall in eight years yesterday after the tyremaker cut its forecasts and said sales would slow.
Households in Ukraine will face higher natural gas tariffs in a move aimed at shoring up the stretched finances of the country and easing the concerns of international debt holders, the government announced on Friday.
US stocks extended their sell-off by mid-afternoon amid rising concerns about the US-China trade war, the prospect of further rate rises by the Fed and growing international furore at Saudi Arabia.