Elon Musk says Twitter’s cash flow still negative as ad revenue drops 50%
(Reuters) – Twitter’s cash flow remains negative because of a nearly 50% drop in advertising revenue and a heavy debt…
Oil slides more than 1% as Chinese GDP dents demand hopes
(Reuters) – Oil dropped by more than 1% on Monday after weaker than expected Chinese economic growth fuelled concern over…
Dollar stabilizes after last week’s selloff; Chinese yuan hit by weak GDP
The U.S. dollar stabilized in early European hours Monday after suffering its worst weekly drop this year, while weak Chinese…
European shares slip as Richemont, tepid China data drag
(Reuters) -European shares fell on Monday as luxury group Richemont slumped on weaker-than-expected organic sales growth and lacklustre economic growth…
Swiss watchmaker Swatch sues Malaysia for seizure of Pride watches
(Reuters) – Swiss watchmaker Swatch Group (SIX:UHR) has filed a lawsuit against the Malaysian government for confiscating rainbow-coloured watches that…
Britain’s Entain to buy U.S.-based Angstrom Sports for $160 million
(Reuters) – Ladbrokes-owner Entain (LON:ENT) on Monday agreed to acquire U.S.-based Angstrom Sports for 122 million pounds ($159.5 million) as…
Marketmind: Bland China data leaves market hungry for stimulus
A look at the day ahead in European and global markets from Wayne Cole It could have been worse, is…
Australia’s Endeavour shares hit record low as poker machine regulations land
(Reuters) – Shares of Endeavour Group (ASX:EDV), Australia’s biggest pub owner, hit a record low on Monday after a surprise…
Asian stocks muted, Chinese shares slide on weak GDP
Most Asian stocks moved in a flat-to-low range on Monday, while Chinese markets fell sharply after data showed that economic…
Brent oil hovers above $81 after supply disruptions
(Reuters) – Global benchmark Brent crude hovered above $81 a barrel on Friday, with bullish sentiment over U.S. demand bolstered…