Daily Archives: May 4, 2018

US reportedly lays down a list of trade demands to China

In a tweet posted Friday, Lingling Wei, a China economics correspondent at the Wall Street Journal, said the U.S asked China to reduce its trade surplus by at least $0 billion by year-end 2020, citing a document issued to the Chinese before the talks. President Donald Trump has often called on China to reduce its bilateral trade deficit by $100 ...

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US vs China fight could hurt growth, says S&P economist

Global growth could pay the cost if the U.S. along with China keep fighting over trade, warned Paul Gruenwald, chief economist at S&P Global Ratings. “The trade by itself doesn’t actually move the needle in terms of the macro. yet what we’re worried about is usually the trade spat drags on … consumers stop spending so much, firms stop investing, ...

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Societe Generale earnings Q1 2018

Societe Generale reported first-quarter net income that will beat market expectations Friday, yet the French bank highlighted two major headwinds that will led to disappointing revenue numbers across different divisions. Here are the highlights: Revenues: 6.2 billion euros ($7.4 billion) within the first quarter of 2018; vs. 6.48 billion expected in a Reuters poll of analysts. Operating income: 1.3 billion ...

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British Airways-owner IAG’s Norwegian deal stalls

Simon Dawson | Bloomberg | Getty Images A Boeing Co. 737 passenger aircraft, operated by Norwegian Air Shuttle ASA, takes off at London Gatwick Airport in Crawley, U.K. British Airways-owner IAG said the item had been unable to reach agreement on a possible takeover offer for Norwegian after holding talks with the struggling airline’s board, putting a dampener for currently ...

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CBS tops estimates on healthy ad sales

CBS, which is usually in tough merger talks with Viacom, topped revenue along with profit estimates on Thursday, helped by healthy ad sales along with higher revenue via affiliate along with subscription fees. The fresh York-based company, whose shows include “Big Bang Theory” along with “NCIS” reported strong results as the item along with Viacom, which are both controlled by ...

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