China Tower listing: A throwback with a twist
There is something pleasingly retro about the Hong Kong IPO of China Tower Corporation. Amid a tide of new technology listings, China Tower is strikingly tangible: it owns telecommunications towers, 1.8 million of them. The deal, which seeks to raise...
Daily Report: Euro and Dollar Mixed ahead of the Juncker-Trump Meeting
Sterling appears to be lifted by the news that UK Prime Minister Theresa May has taken over Brexit negotiation. That raised the chance of some speedier conclusions as well as more unified position, as least in front of the EU....
Aussie CPI Soft But Moving Into Target Range
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Currencies: Turmp-Juncker Meeting To Decide On Next EUR/USD Move
Rates: Core bond sell-off grinds to a halt The two-day core bond sell-off grinded to a halt yesterday with the Bund even recording small gains. Today’s eco calendar is thin with only German Ifo while the Juncker/Trump meeting is a...
Wall Street bull says a near-term pullback is coming
The economy is booming, but one of Wall Street’s biggest bulls says a near-term pullback is coming. “History shows that, when the rate of change for the S&P is where it recently got to on this bump up, you have...
‘A storm is brewing’ in the US economy, says economist Diane Swonk
Even if there isn’t a full-blown trade war, the uncertainty surrounding tariffs can hurt the U.S. economy, economist Diane Swonk told CNBC on Tuesday. The tariffs, along with a strengthening dollar and rising rates, all undermine the competitiveness of manufacturers...
Under the hood of UBS’s Q2 results
Analysts liked the look of UBS’s Q2 numbers this morning, giving CEO Sergio Ermotti a fairly comfortable time in their question-and-answer session. And with good reason – the bank beat expectations, with higher deposit margins and lending counteracting net new...
After-hours buzz: IRBT, T & more
Check out the companies making headlines after the bell: Shares of iRobot soared nearly 20 percent in after-hours trading. The technology company crushed analysts’ earnings expectations for its second quarter, posting 37 cents per share versus the 18 cents that...