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Why Gilead Stock Is Trading Lower Today
Thursday, April 23, 2020 - 2:58pm | 319Read More...Gilead Sciences, Inc. (NASDAQ: GILD) shares were trading lower Thursday after the Financial Times reported that the company ended a study on remdesivir in coronavirus in China due to low enrollment and said study results were inconclusive. Gilead took issue with the...
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France's Macron Warns Of EU Collapse Without Financial Cooperation
Friday, April 17, 2020 - 11:10am | 407Read More...In a Financial Times interview, French President Emmanuel Macron has warned the European Union could collapse unless it embraces financial solidarity. . Macron questioned China's handling of the coronavirus outbreak in the interview. The French president said it ...
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Nissan Shares Tumble To Decade Low After Q3 Earnings Miss
Friday, February 14, 2020 - 5:43am | 312Read More...The shares of Nissan Motor Co. Ltd. (OTC: NSANY) dropped to a decade low on Thursday after the company missed third-quarter earnings estimates and significantly cut its annual forecast for the financial 2019 year. What Happened Nissan, on Thursday, reported a net loss of $238 million...
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El-Erian Warns Against Buying Any Market Dip
Monday, February 3, 2020 - 3:43pm | 368Read More...ALLIANZ SE/ADR (OTC: ALIZY) Chief Economic Advisor Mohamed El-Erian wrote a Financial Times op-ed over the weekend and argued investors shouldn't buy any dip stemming from the coronavirus. On Monday, he was a guest on CNBC to further explain his thesis. Coronavirus Is Different,...
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Buffett Reportedly Rejects Offer To Acquire Tiffany
Thursday, January 2, 2020 - 11:20am | 470Read More...Billionaire investor Warren Buffett and his Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B) turned down an opportunity to put some of its $128 billion in cash to use and buy jewelry company Tiffany & Co. (NYSE: TIF), the Financial Times reported. Buffett Passes On Tiffany Buffett has a...
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What Hurdles Do European Investment Managers Face In The US?
Monday, December 16, 2019 - 1:07pm | 576Read More...Making a mark in the U.S. and Asia has long been a target for many European companies looking to expand their international profile. Unfortunately, many European asset management firms and banks struggle to expand their footprint stateside. A number of European fund houses have a meaningful...
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An Investor's Guide To Fighter Jets
Tuesday, December 10, 2019 - 3:17pm | 468Read More...The fighter jet is a military aircraft designed for air-to-air combat against other aircraft. Savvy investors on the prowl for investment opportunities in the space have a number of choices. A number of firms dominate the sector, including Lockheed Martin Corporation (NYSE: LMT), General...
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LVMH's Sparkling Acquisition: Experts On Why Buying Tiffany Is Wise
Monday, November 25, 2019 - 1:57pm | 551Read More...U.S.-based luxury jewelry retailer Tiffany & Co. (NYSE: TIF) has agreed to sell itself to LVMH Moet Hennessy Louis Vuitton (OTC: LVMUY) in a deal that was applauded by two experts. Tiffany Addresses LVMH's 'Weak Spot' LVMH boasts a lot of strength in ultra-high end...
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'Absolutely Zero Truth': TikTok Owner Denies Report On Go-Public Plans
Tuesday, October 29, 2019 - 7:45am | 357Read More...China-based ByteDance, the owner of the app TikTok, said Tuesday that it has no immediate plans to go public in the first quarter of 2020 in Hong Kong, according to Reuters. The Financial Times reported Monday that ByteDance was planning a Hong Kong IPO as soon as the first quarter, citing two...
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Louis Vuitton Wants To Buy Tiffany For $14.5B, Could Be Rejected
Monday, October 28, 2019 - 12:02am | 325Read More...France’s LVMH (EPA: MC)(OTC: LVMUY), the parent company of luxury fashion brand Louis Vuitton and Givenchy, offered $14.5 billion in a buyout deal to American jewelry retailer Tiffany & Co., Bloomberg reported on Sunday. What Happened The bid values Tiffany (NYSE: TIF) at about $120 per...
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Morgan Stanley To Lead ESR Cayman's $1.5B IPO
Wednesday, October 23, 2019 - 3:24am | 391Read More...In a surprise move, Hong Kong-based logistics company ESR Cayman has picked the American investment bank Morgan Stanley (NYSE: MS) to lead the relaunch of its $1.45 billion initial public offering. What Happened ESR and its primary investor, American private equity firm Warburg Pincus, approached...
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SoftBank Acquires 80% Ownership Of WeWork In Rescue Deal
Wednesday, October 23, 2019 - 1:38am | 366Read More...Tokyo-based investment giant SoftBank (OTC: SFTBY) received approval from the board of co-working startup WeWork to take for a multibillion-dollar takeover deal, The Wall Street Journal reported Tuesday. WeWork would be valued at about $8 billion with the deal. What Happened The terms of the deal...
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US-China Trade Talks: China Could Guarantee Agricultural Purchases As Part Of Interim Deal
Wednesday, October 9, 2019 - 8:53am | 258Read More...China is offering to increase its purchases of U.S. agricultural products such as soybeans as China seeks an interim agreement with Washington, D.C. the Financial Times reported Wednesday. Chinese Vice Premier Liu He is scheduled to begin two days of talks Thursday with the U.S....
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Chinese Stocks Slump As US Reportedly Weighs Options To Block Investments
Friday, September 27, 2019 - 3:36pm | 758Read More...The standoff between the U.S. and China seems to be reaching a tipping point. Even as trade tensions between the two nations have been roiling the markets and economy for a while, the U.S. is reportedly considering an additional step. As part of a plan to limit U.S. investments in...
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Alibaba Eyes 1B Annual Active Users By 2024, Picks Up 33% Stake In Ant Financial
Tuesday, September 24, 2019 - 11:10am | 462Read More...Chinese e-commerce giant Alibaba Group Holding Ltd – ADR (NYSE: BABA) took the spotlight Tuesday after detailing a path to 1 billion users by 2024 at its annual investor day and the purchase of a 33% stake in Ant Financial. Swelling User Base Alibaba had 860 million annual active...
