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Tuesday, June 18, 2019

Tag: shares

Slack revenue up 67% as messaging company readies listing

Slack’s revenue for the quarter grew by 67% to US$134.8 million.

VW, Fiat hit as European shares slump on Trump’s Mexico tariffs

Volkswagen and Fiat Chrysler is also affected by global trade tensions as President Donald Trump promises tariffs on Mexican imports.

Uber’s first earnings will test how well it manages expectations

The first-quarter net loss is expected to be US$1 billion to US$1.11 billion on revenue of US$3.04 billion to US$3.10 billion.

UK shares fall as trade conflict worsens; miners hit

London's listed mining companies fell from one-month highs amid worries about the trade war's effect on global demand.

Unhappy Facebook investors seek to confront Zuckerberg, board

Facebook Inc.’s board of directors proposes to change the company’s dual-class voting structure benefiting CEO Mark Zuckerberg despite him owning only a minority of the company’s shares.

Can your property value plummet?

You can get into real financial trouble if your investments tank.

MTN Nigeria says it faces investigation over shares listing

The Nigerian unit of MTN Group Ltd says it is not accused of any wrongdoing and is cooperating with the investigation.

DiGi hits over 16-month high on telco merger talks

The Digi-Celcom merger has been one good one for Digi as it shares has risen to as much as 11.55%, its largest since 2010.

Twitter shares jump, ascribes growth to fight against abuse

Twitter says its pre-roll ads, or promotional messages that play before videos, are also growing. 

Profit pinch sets gloom over US$334 billion bounce in Japan stocks

Strategist says few investors are holding Japanese equities and the fundamentals of the economy are not good at the moment.

Asiana Airlines shares surge on reports parent group to sell stake

Last week, Kumho Asiana Group's restructuring plan had been rejected by the troubled airline's creditors.

Boeing shares slump as 737 earnings hit is weighed

Boeing's decision to cut production of its 727 planes had resulted in share drops.

Korean Air shares soar after ousted chairman’s death

Hanjin KAL shares leaped in Seoul, closing 20.6% higher, while Korean Air Lines ended up nearly 2% higher and other affiliates also rose.

Apple rises for eighth day, longest streak since September

Apple shares has been soaring and Apple Music sales had surpassed Spotify in paid US subscriptions.

Stock market hits over 3-month low

The Malaysian index fell nearly 0.5% to its lowest since Dec 20, before paring some of the losses.

Nintendo shares climb after report of 2 new Switch models

The new models may be launched at the E3 2019 video game expo in Los Angeles in June, with a wider release possible months later.

Tokyo stocks edge down before Fed meeting

Shares remained under moderate pressure throughout the session as investors cashed in on recent gains.

Prada loses US$864 million in value as China slump hits profit

Prada attributed a slump in Asia mostly to Chinese tourists reining in spending in Hong Kong and Macau due to the yuan's weakness.

Juventus shares soar as investors cheer Ronaldo hat-trick

Tuesday's victory sends Juventus to the Champions League quarterfinals, qualifying them for about US$11.9 million.

Boeing shares dip again as 737 MAX groundings spread

Safety experts say it is too early to speculate on what caused Sunday's crash and black box recorders were yet to yield the cause. 

Hedge funds use unknown data guru to make millions on Nintendo

Hedge funds turn to the tiny research firm, Media Create, in Tokyo when it comes to trading Nintendo shares.

US stocks tumble on weak ECB outlook

The declines came after the ECB slashed its 2019 economic growth and inflation forecasts.

Asia shares sluggish as global growth concerns return

Asian shares rose marginally in early trade on Thursday as investors awaited some kind of resolution to Sino-US trade negotiations.

Stock buybacks top capex for first time since 2008, Citi says

The main criticism is that the buyback boom shows company executives eager to appease shareholders in short terms.