Friday, February 1st, 2019

 

Exxon Mobil profits top estimates on better oil output

NEW YORK, Feb 1 — Exxon Mobil’s fourth-quarter profits that topped Wall Street expectations today following a rise in oil and gas production and a better performance in refining. Net income fell to US$6.0 billion, a drop of 28.4 per cent from…


Stellar US jobs report fails to light up markets

LONDON, Feb 1 — Data released today showed the US economy added a staggering 300,000 jobs last month, providing some reassurance that the government shutdown did little damage to the wider economy, but the news failed to move investors. But the…


Wirecard shares plunge on new fraud report

FRANKFURT AM MAIN, Feb 1 — Shares in German payment processing firm Wirecard plunged for the second time in a week today, after a newspaper report reinforced allegations of fraud in its Asian operations. Stock in the company, which knocked banking…


Modi’s populist budget to weigh on next Indian government, say economists

NEW DELHI, Feb 1 — The pre-election budget of Indian Prime Minister Narendra Modi’s government, including handouts for farmers and tax cuts for the lower middle class, is likely to weigh on whoever forms the next administration, economists…


Boeing goes bionic to roll out more Dreamliners

NORTH CHARLESTON, Feb 1 — Boeing Co is counting on a new kind of worker to help it reach a long-coveted target of rolling out 14 787 Dreamliners from its factories each month: half human, half robot. The world’s largest planemaker is equipping…


US adds 304,000 jobs in January, shutdown helped nudge unemployment to 4.0pc

WASHINGTON, Feb 1 — US job creation saw another blockbuster month in January, blowing past the government shutdown, but that disruption helped to push the unemployment rate higher, the Labor Department reported today. The construction, health…


Deutsche Bank insists best to come after first profit in years

FRANKFURT AM MAIN, Feb 1 — Germany’s biggest lender Deutsche Bank reported today a profit for the first time in four years, with executives looking to convince investors and media a phase of “controlled growth” has  begun. The firm…


IAG boss says ‘very confident’ of Brexit aviation deal

LONDON, Feb 1 — Willie Walsh, chief executive of British Airways owner IAG, said today that he was “very confident” that London and Brussels would reach a “comprehensive agreement” on post-Brexit aviation. Walsh, speaking at a relaunch of…


Wall St Week Ahead – Fed pause validates market fears about US growth

NEW YORK, Feb 1 — While the US Federal Reserve’s indication it is done raising interest rates – for now – has fuelled stock gains, investors worry the US central bank’s pledge is a double-edged sword and implicit confirmation of the…


Netherlands inspectorate trains vets to speak Dutch for Brexit

AMSTERDAM, Feb 1 — Dozens of veterinarians from across the European Union are taking crash courses in Dutch to ensure theNetherlands has enough inspectors for a ‘no-deal’ Brexit, the food watchdog said today….