Apple posts surprise dip in iPhone sales, shares fall Apple Inc (AAPL.O) reported a surprise fall in iPhone sales for its second quarter on Tuesday, indicating that customers may have held back purchases in anticipation of the 10th-anniversary edition of the company's most important product later this year. Under pressure […]
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Fed holds interest rates steady, downplays economic weakness The U.S. Federal Reserve kept interest rates unchanged on Wednesday and downplayed weak first-quarter economic growth while emphasizing the strength of the labor market, in a sign it was still on track for two more rate rises this year. In a bullish […]
Spam campaign targets Google users with malicious link Alphabet Inc (GOOGL.O) warned its users to beware of emails from known contacts asking them to click on a link to Google Docs after a large number of people turned to social media to complain that their accounts had been hacked. Google […]
UBS breaks ranks with push for mid-tier Asian millionaires UBS Group AG (UBSG.S) plans to hire about 100 wealth management client advisors over the next two years in Hong Kong, the biggest wealth hub in Asia-Pacific, to grab a bigger share of the fast-growing mid-tier millionaire segment. The Swiss bank's […]
Oil eases, near weakest since late March on small U.S. stocks decline Crude oil lost ground on Thursday, falling for a third out of four sessions and trading near its lowest since late March after data showed a lower than expected decline in U.S. inventories. U.S. crude stockpiles fell less […]
French bank SocGen settles dispute with Libyan Investment Authority French bank Societe Generale (SOGN.PA) and the Libyan Investment Authority (LIA) have signed a confidential agreement to settle a legal dispute regarding a case focused on five trades totaling $2.1 billion, executed between 2007 and 2009. "Societe Generale and the Libyan […]
Asian stocks retreat, dollar holds near six-week high on hawkish Fed Asian stocks retreated on Thursday, taking their cues from a subdued session on Wall Street, while the dollar retained gains made after the Federal Reserve's hawkish policy statement. European markets looked more positive, with financial spreadbetters expecting Britain's FTSE […]
Despite record highs, fund managers globally remain underweight Apple Active stock fund managers around the world are holding the lowest percentage of Apple Inc (AAPL.O) shares in their portfolios when compared to the iPhone maker's overall weighting in indexes, even as the shares hit record highs, according to a research […]
Buffett to face big crowd as Berkshire grows bigger As the United States adapts to the presidency of Donald Trump and faces rising tensions abroad, Berkshire Hathaway Inc (BRKa.N) shareholders will descend on Omaha, Nebraska this weekend seeking reassurance, from Warren Buffett. The weekend known as "Woodstock for Capitalists" is […]
VW in talks with Exxon, Gazprom on gas-powered cars Mueller on ORF Volkswagen (VOWG_p.DE) is in talks with Exxon Mobil Corp (XOM.N) and Gazprom (GAZP.MM) to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria's ORF radio. Europe's biggest carmaker is working on […]
