Please note that the JSE will be closing at 3pm on 26th April
to accommodate for the launch of the new Derivatives platform.

US Business

Slack posts $141 mln annual loss as it files to go public

16h00 Slack Technologies, operator of the popular workplace instant-messaging app, reported an annual loss of $140.7 million, the company said on Friday ahead of its planned public market debut.. . .  Full story

Chevron profits down 27 pct but still top estimates

15h41 Chevron Corp said on Friday first-quarter profits slid 27 percent from a year earlier due to lower crude oil prices and weaker margins in its refining and chemicals businesses, but the No. 2 U.S.. . .  Full story

Hungary would benefit from a new domestic banking group, MKB chief says

15h41 Hungary would benefit from having another major domestic bank, the head of MKB Bank said on Friday, without shedding light on whether MKB would bid for Budapest Bank, which was put up for sale. . .  Full story

Exxon Mobil's first-quarter profit misses estimates on lower oil, gas prices

15h38 Exxon Mobil Corp reported on Friday a 49 percent fall in first-quarter profit that missed forecasts due to lower oil and gas prices and weakness across its businesses that outweighed modest production gains.. . .  Full story

TSX opens lower as oil rally pauses

15h37 Canada's main stock index fell at open on Friday, after energy shares plunged as oil prices were on track to halt their seven-week bull run.. . .  Full story

Finland's Fortum frees up cash by replacing Nasdaq collateral with bond

15h33 Finland's Fortum has freed up 310 million euros ($345 million) of cash previously used as collateral at Nasdaq's Nordic power exchange by replacing it with a bank bond, it said on Friday.. . .  Full story

Wall St opens flat after mixed earnings, GDP data

15h32 U.S. stocks open little changed on Friday following a mixed batch of earnings, while investors assessed data that showed U.S. growth was boosted by temporary factors in the first quarter.. . .  Full story

Yields fall on weak inflation data, shrug off GDP reading

15h27 U.S. Treasury yields fell following Friday's first-quarter growth report as weak inflation data tempered the strong headline figure.. . .  Full story

U.S. opens criminal probe into Ford emissions certification

15h23 Ford Motor Co said on Friday the U.S. Justice Department has opened a criminal investigation into the automaker's emissions certification process in the United States, the latest company to come under scrutiny by U.S. officials.. . .  Full story

Trade, inventories power U.S. economy to 3.2 percent growth in Q1

15h19 U.S. economic growth accelerated in the first quarter, but the burst in growth was driven by a smaller trade deficit and the largest accumulation of unsold merchandise since 2015, temporary factors that are likely to. . .  Full story

India further delays retaliatory tariffs on U.S. products - official

15h18 India has once again delayed the implementation of higher tariffs on some goods imported from the United States to May 15, a government official said on Friday.. . .  Full story

ADM considers ethanol spinoff as Q1 profit falls on severe weather

15h13 Archer Daniels Midland Co said on Friday it was considering spinning off its ethanol business after slim biofuel margins and Midwestern floods slammed the U.S. grains merchant's profit, which tumbled 41 percent in the first. . .  Full story

PepsiCo sues four Indian farmers for using its patented Lay's potatoes

15h04 PepsiCo Inc has sued four Indian farmers for cultivating a potato variety that the snack food and drinks maker claims infringes its patent, the company and the growers said on Friday.. . .  Full story

U.S. April auto sales seen falling as higher prices keep away young buyers - J.D. Power, LMC Automotive

15h00 U.S. auto sales are expected to drop about 3.5 percent in April from a year-ago period, as rising prices and reduced incentives pinch buyers at the lower end of the spectrum, according to industry. . .  Full story

Uber sets terms for IPO, posts $1 bln first-quarter loss

14h45 Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for. . .  Full story

Global economy is close to stalling as trade falls: Kemp

14h15 World trade volumes are falling for the first time since the end of the financial crisis in a sign the global economy is only one more major shock away from recession.. . .  Full story

Corn, wheat hover near lows as U.S. weather assessed

14h06 Chicago corn and wheat futures ticked higher on Friday, consolidating above life-of-contract lows struck a day earlier as investors assessed whether adverse U.S. planting weather could upset an otherwise favourable supply outlook.. . .  Full story

Husky Energy beats profit estimate on higher margins

13h55 Canada's Husky Energy Inc beat analysts' estimates for quarterly profit on Friday, as it benefited from improved Canadian crude prices following Alberta's output cuts and investment in a number of refineries and pipelines boosted its. . .  Full story

Russia's Sechin sees no threat of global oil deficit for now

13h00 Russia's Rosneft does not see tougher U.S. sanctions on Iran resulting in a global oil deficit in the second and third quarters of 2019, CEO Igor Sechin said on Friday.. . .  Full story

Italian investor Toto declines comment on Alitalia rescue report

12h58 Italian infrastructure group Toto Holding declined on Friday to comment on media report that it is close to agreeing to invest in a joint rescue plan of the troubled airline Alitalia.. . .  Full story

Japan activist Murakami advances in bid for lucrative crematorium business

12h39 Veteran Japanese activist shareholder Yoshiaki Murakami scored another success in his bid for a little-known printing company Kosaido Co after management said it would not oppose his offer for at least half of the firm.. . .  Full story

Investors pile into Japan stocks ahead of BoJ pledge to keep rates low - BAML

11h41 Japanese equities sucked in their biggest inflows of cash this week since March 2018 ahead of the Bank of Japan's pledge to keep interest rates at super-low levels for longer - the latest central. . .  Full story

Chinese brands rule Indian smartphone market with 2/3rds of share - report

11h07 Chinese brands controlled a record 66 percent of Indian smartphone market in the first quarter, led by Xiaomi Corp, a report showed, with volumes rising 20 percent on the back of popularity for brands like. . .  Full story

Safran shares rise as Q1 core revenue outpaces target

10h50 French aero engine maker Safran outpaced revenue growth plans in the first quarter and stuck to its goals for the year despite the grounding of the Boeing 737 MAX, sending its shares higher on. . .  Full story

Bayer shareholders vent ire over Monsanto-linked stock rout

10h13 Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker's $63 billion takeover of seed maker Monsanto.. . .  Full story

Canada's Saputo buys Kirin's cheese business in Australia for $179 mln - Nikkei

09h18 Canada's Saputo Inc. has purchased the Australian cheese business of Japan's Kirin Holdings for about 20 billion yen ($179 million), the Nikkei reported on Friday, citing anonymous sources.. . .  Full story

U.S. oil shipments sailing for Australia highlight growing reach

08h57 Two cargoes of U.S. crude oil have been booked to sail to Australia, trade sources and data companies said, highlighting the increasing global reach of exports from the United States.. . .  Full story

-Deutsche's investment bank shows quarterly weakness, lags U.S. rivals

08h55 Revenue at Deutsche Bank's bond trading division fell 19 percent in the first quarter, it said on Friday, underscoring weakness at its investment bank a day after announcing the collapse of merger talks with Commerzbank.. . .  Full story

IMF's Lagarde says China's Belt and Road should only go where sustainable

08h30 China's massive Belt and Road infrastructure program should only go where it is needed and where the debt it generates can be sustained, International Monetary Fund Managing Director Christine Lagarde said on Friday.. . .  Full story

Yara, IBM to offer digital services to farmers

08h15 Fertilizer maker Yara International and IBM plan to launch digital farming services later this year to help boost crop yields, eventually targeting 100 million hectares, or close to 7 percent of arable land worldwide, they. . .  Full story

Vietnam expects to sign free trade pact with EU by end-June

07h57 Vietnam expects to sign a long-anticipated free trade agreement with the European Union before the end of June, the Southeast Asian country's foreign ministry said.. . .  Full story

China stocks set for steepest weekly drop in 28 on policy support concerns

06h57 China stocks on Friday were on track to post their steepest weekly decline since October 2018, as investors feared the pace of Beijing's supportive measures would drop amid signs of economic stabilization, and over Sino-U.S.. . .  Full story

-China's imports of U.S. soybeans rise in March from a month earlier

05h27 China's imports of soybeans from the United States, the second-largest supplier to the country in 2018, rose in March from the previous month as more cargoes booked during a truce in the trade dispute. . .  Full story

U.S. adds another China e-commerce site to 'notorious' IP blacklist

04h49 The United States on Thursday added China's third-largest e-commerce platform to its list of "notorious markets" for violations of intellectual property rights and kept China on its priority watch list for piracy and counterfeiting concerns.. . .  Full story

Tesla's Elon Musk, SEC again ask for more time to reach deal over CEO's Twitter use

02h29 Tesla Inc Chief Executive Elon Musk and the U.S. Securities and Exchange Commission on Thursday sought a second delay and requested to provide the court another joint submission on or before April 30, indicating. . .  Full story

Amazon raises stakes for rivals with 1-day delivery goal after profit surge

01h57 Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that may curb near-term profits and will up. . .  Full story

Mattel signals end to Toys "R" Us woes as Barbie boosts sales

00h54 Mattel Inc beat Wall Street estimates for quarterly revenue on Thursday, as a more diverse range of Barbie dolls and new toys based on franchises such as the "Jurassic World" powered sales in the. . .  Full story

Anadarko Petroleum profit beats on higher sales volumes, lower costs

00h46 Anadarko Petroleum Corp, the target of a bidding war between Occidental Petroleum Corp and Chevron Corp, beat analysts' estimates for quarterly profit on Thursday, fueled by higher sales volume and lower costs.. . .  Full story

Intel cuts forecast as China data center sales remain weak

00h44 Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts' estimates for first-quarter sales for the data center business that has driven growth as PC sales declined in recent years, sending its. . .  Full story

Bunge names acting CEO Gregory Heckman as new chief executive

00h27 Bunge Ltd on Thursday named Gregory Heckman as its new chief executive officer, three months after he stepped in as acting CEO at the embattled global grains merchant stung by slumping grain prices and. . .  Full story

New coffees, delivery push fuel Starbucks quarterly sales, profit view

25/04 Starbucks Corp raised its full-year profit forecast and beat Wall Street estimates for quarterly same-store sales on Thursday, as its new Cloud Macchiato, Matcha tea and cold brews in the United States and speedy delivery. . .  Full story

Amazon raises spending to accelerate Prime delivery speed to one day

25/04 Inc on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store as it worked to turn its loyalty. . .  Full story

Stephen Moore, Trump's pick for Fed, says he is not withdrawing

25/04 Stephen Moore, U.S. President Donald's Trump pick to fill a vacant seat at the Federal Reserve, says he will continue to pursue his nomination even as a trail of his dismissive comments about women. . .  Full story

Uber to kick off investor roadshow with IPO terms on Friday

25/04 Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with. . .  Full story

Warren Buffett says Berkshire could buy back $100 bln stock -FT

25/04 Warren Buffett said his conglomerate Berkshire Hathaway Inc could repurchase as much as $100 billion of its stock, the Financial Times said on Thursday without providing a time frame, citing a recent interview with the. . .  Full story

S&P 500 nudges lower as industrials drag

25/04 The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft.. . .  Full story

ANALYSIS-Corporate profits and U.S. economy chug along, defying recession fears

25/04 After months of handwringing about the possible crash-landing of the housing market, investors awaiting quarterly earnings from No. 3 U.S. homebuilder PulteGroup Inc this week were ready for the worst.. . .  Full story

T-Mobile profit jumps, beats estimates; subscriber additions cited

25/04 T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street's estimates, the company said on Thursday, citing competitively priced wireless plans that enabled it to substantially boost the number of. . .  Full story

Soy higher after three-day skid; corn, wheat bounce from contract lows

25/04 U.S. soybean futures closed higher on Thursday, snapping a three-session slide, while corn and wheat rebounded from contract lows as fund-driven selling paused and forecasts signaled more U.S. planting delays, traders said.. . .  Full story

T Mobile, Sprint face new FCC questions on tie-up

25/04 T-Mobile US Inc and Sprint Corp executives this week urged senior U.S. regulators to approve the proposed tie-up, saying the combined company would have the incentive to slash prices, according to a filing on Thursday.. . .  Full story

U.S. group recommends contract terms if LIBOR ceases

25/04 A private market group sponsored by the Federal Reserve and other U.S. agencies on Thursday recommended terms and conditions in new contracts on floating-rate notes and syndicated loans which reference the London interbank offered rate. . .  Full story

Yields rise with U.S. economy in focus ahead of Q1 GDP

25/04 Afternoon trade saw Treasury yields rise ahead of Friday's U.S. gross domestic product report, which is expected to show growth of 2% in the first quarter, a strong outcome after a volatile start. . .  Full story

Mexico's Cemex misses estimates, sending shares down 3.5 pct

25/04 Mexican cement producer Cemex SAB de CV said on Thursday that it nearly doubled its profit during the first quarter, but the results fell short of analysts' expectations, sending Cemex shares down.. . .  Full story

Brent slips from $75/bbl as investors doubt rally will endure

25/04 Oil prices eased after Brent touched $75 per barrel on Thursday for the first time in nearly six months on the suspension of some Russian crude exports to Europe as investors second-guessed the market's. . .  Full story

Cotton futures rise following upbeat export sales data

25/04 ICE cotton futures settled higher on Thursday as firm weekly export sales report from the United States Department of Agriculture reassured investors that demand for U.S. cotton was robust. *. . .  Full story

Chile to China: Let us be your business hub in Latin America

25/04 Chilean President Sebastian Pinera kicked off an investment forum in China on Thursday with an invitation for the Asian giant to use Chile as a jumping off point to do business in Latin America,. . .  Full story

Retailer Casino's Q1 sales growth slows as France weaker

25/04 Retailer Casino, battling investor concerns over its high debt and ability to generate cash, said revenue growth slowed in the first-quarter, as weaker sales in its core French market overshadowed a more dynamic performance in. . .  Full story

After years serving CEOs, Goldman's Ayco also wants other workers

25/04 Goldman Sachs Group Inc is expanding a financial advisory service for top executives to target millions of other affluent employees at some of the biggest U.S. companies, as it seeks to build its retail and. . .  Full story

Freeport shares drop after quarterly profit misses expectations

25/04 Freeport-McMoRan Inc, the world's largest publicly traded copper producer, posted a lower-than-expected quarterly profit on Thursday due to slipping production and rising costs, sending shares down more than 8 percent.. . .  Full story

Homebuilder Horton avoids 2019 margin forecast, raises cost worries

25/04 D.R. Horton Inc forecast 2019 revenue below Wall Street estimates and did not provide an outlook on gross margin for the year, spooking investors who have been worried about the impact of rising costs. . .  Full story

3M cuts 2019 profit outlook on weak China, shares fall 11 pct

25/04 Shares of 3M Co fell 11 percent on Thursday after the U.S. manufacturing conglomerate cut its 2019 earnings forecast and said it would lay off 2,000 workers, citing worsening performance in high-growth markets such. . .  Full story

Google exempt from back taxes in France, appeals court confirms

25/04 Google will not have to pay 1.1 billion euros ($1.22 billion) in back taxes demanded by French authorities, an appeals court in France ruled on Thursday, dashing the government's bid to overturn a 2017 decision.. . .  Full story

U.S. capital goods orders hit record high; weekly jobless claims rise

25/04 New orders for U.S.-made capital goods increased by the most in eight months in March, hitting their highest level on record and brightening the outlook for manufacturing and the economy.. . .  Full story

Newmont Goldcorp profit beats on higher production as prices fall

25/04 Newmont Goldcorp, the world's biggest gold miner, reported a higher-than-expected first-quarter profit on Thursday, as a boost in gold production and lower costs countered lagging gold prices.. . .  Full story

Microsoft market cap touches $1 trillion, pulls above Apple

25/04 Microsoft Corp's market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded. . .  Full story

ARA gasoline stocks drop 4.5 pct - Insights Global

25/04 * Gasoline stocks in independent storage in the Amsterdam-Rotterdam-Antwerp (ARA) refining and storage hub dropped 4.5 percent in the week to Thursday, data from Dutch consultancy Insights Global, previously PJK International, showed.. . .  Full story

TSX drops on weak Bombardier outlook, BoC's growth forecast cut

25/04 Canada's main stock index fell on Thursday, hurt by a drop in Bombardier Inc's shares following a weak full-year outlook and as the Bank of Canada lowered its growth forecast for 2019.. . .  Full story

New capital for Tesla will come at a cost

25/04 A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric. . .  Full story

Bombardier shares plunge after full-year forecast cut

25/04 Shares of Bombardier Inc fell as much as 25.3 percent on Thursday after the Canadian plane-and-train maker cut its full-year profit and revenue forecast, wiping out more than C$1.5 billion off its market value.. . .  Full story

Big-ticket U.S. deals power Lazard's profit beat

25/04 Lazard Ltd reported a higher-than-expected quarterly profit on Thursday, as its M&A advisory business got a boost from a string of big-ticket deals in the United States, sending its shares up 3.8 percent before the. . .  Full story

Raiffeisenbank expects outperformance in Russia despite sanctions

25/04 Raiffeisenbank, the Russian arm of Austria's Raiffeisen Bank International (RBI), expects to outperform competitors in 2019 as the industry adapts to sanctions that have crippled Russian financial markets, its head of investment banking said.. . .  Full story

Valero Energy beats estimates on profit, revenue

25/04 U.S. independent refiner Valero Energy Corp reported less bearish than feared quarterly revenue and profit numbers on Thursday, as it sought to offset the impact of higher prices of heavy Canadian crude following Alberta's mandatory. . .  Full story

-Peru to sign MoU to join China's Belt and Road club in coming days - Chinese ambassador

25/04 Peru will sign a memorandum of understanding to join China's Belt and Road infrastructure initiative in coming days, China's ambassador said on Wednesday, despite recent warnings from the United States about the Beijing's rise in. . .  Full story

Iraq says it has enough oil capacity to meet customer needs

25/04 Iraq's oil minister said on Thursday his country had the capacity to increase its oil production to 6 million barrels per day (bpd) if needed, but it was committed to OPEC-led output cuts and. . .  Full story

India alleges big multinationals did not pass on tax benefits -source

25/04 Indian tax authorities have alleged that a number of big multinational companies have not passed on benefits from a tax cut to customers, a senior government official told Reuters.. . .  Full story

Floods stall fertilizer shipments in latest blow to U.S. farmers

25/04 Farm supplier CHS Inc has dozens of loaded barges trapped on the flood-swollen Mississippi River near St. Louis - about 500 miles from the company's two Minnesota distribution hubs.. . .  Full story

China's imports of U.S. soybeans rise in March from a month earlier

25/04 China's imports of soybeans from the United States, the second-largest supplier to the country in 2018, rose in March from the previous month as more cargoes booked during a truce in the trade dispute. . .  Full story

Japan's Hitachi plans to sell chemical unit, sources say

25/04 Japan's Hitachi Ltd plans to sell its majority stake in Hitachi Chemical, two sources with direct knowledge of the matter told Reuters, in what would mark the latest deal by the sprawling conglomerate. . .  Full story

After Tripoli assault, Libya's next battle could be over banks

25/04 Eastern Libya commander Khalifa Haftar has thrown much of his military forces into attacking Tripoli, but the outcome of the offensive could be determined by a separate battle -- to keep open the parallel finance. . .  Full story

U.S. officials say global oil market ready for end to Iran crude exports

25/04 U.S. attempts to drive Iranian oil exports down to zero come against the backdrop of a global market that is sufficiently well supplied to avoid price disruptions, senior U.S. officials said on Thursday.. . .  Full story

Pricing pressure, tariffs dent Volvo's quarterly profit

25/04 Swedish carmaker Volvo's quarterly profit fell by 19.3 percent, the company said on Thursday, blaming pricing pressure and higher tariffs arising from the trade war between the United States and China.. . .  Full story

Saudi Arabia says China has not yet asked for more oil amid tighter Iran sanctions

25/04 Saudi Arabia's energy minister Khalid al-Falih told Reuters on Thursday that China has "not yet" asked for more crude oil after the United States decided to end sanction waivers on Iranian oil imports that. . .  Full story

LG Elec to shut S.Korea phone plant, move production to Vietnam

25/04 LG Electronics Inc said on Thursday it would stop producing smartphones in South Korea and move manufacturing to Vietnam, joining global rivals in reorganising production as they battle a slump in global demand.. . .  Full story

Trump immigration plan may increase visas for highly skilled workers -sources

25/04 A merit-based immigration proposal being put together by White House senior adviser Jared Kushner could lead to an increase in U.S. visas for highly skilled workers, sources familiar with the effort said on Wednesday.. . .  Full story

Indonesia's Pertamina buys first-ever U.S. crude oil cargo

25/04 Indonesia's state-owned energy company Pertamina said late on Wednesday it has bought its first-ever cargo of U.S. crude oil, which is set to arrive at one of its refineries in June.. . .  Full story

COLUMN-Hedge funds bet big on spike in U.S. gasoline prices: Kemp

25/04 Hedge funds are betting heavily on higher gasoline prices this summer, anticipating that refiners will struggle to produce enough gasoline to replenish depleted stocks while ramping up diesel output for the shipping industry.. . .  Full story

Microsoft tops $1 trillion as it predicts more cloud growth

25/04 Microsoft Corp on Wednesday briefly topped $1 trillion in value for the first time after executives predicted continued growth for its cloud computing business.. . .  Full story

Chipotle beats profit, revenue estimates as online sales surge

25/04 Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly revenue and profit on Wednesday, as the restaurant chain's marketing efforts and aggressive investments in online ordering and deliveries attracted more customers.. . .  Full story

Occidental offers $38 bln for Anadarko, topping Chevron

25/04 Occidental Petroleum Corp on Wednesday started the first takeover battle for a major oil company in years, offering $38 billion for Anadarko Petroleum Corp, a bid that topped a $33 billion offer by Chevron Corp.. . .  Full story

Visa profit jumps, lower cross-border volume weighs on shares

25/04 Visa Inc reported higher expenses and lower spending by people using its cards abroad on Wednesday even as increased overall consumer spending drove quarterly profit 14 percent higher.. . .  Full story

Walmart creates Angus beef supply chain, cutting out meat processors

25/04 Walmart Inc is taking control of the supply chain for Angus beef sold in some of its stores, cutting out meat processors as the company looks to offer higher quality products in an intensely. . .  Full story

Tesla promises return to profit after first-half losses

24/04 Tesla Inc said on Wednesday it would return to profit in the third quarter of 2019 after racking up two consecutive losses in the first half of the year, as it struggled to deliver. . .  Full story

Microsoft gets a boost from Windows as cloud stays on track

24/04 Microsoft Corp beat Wall Street estimates for quarterly profit and revenue on Wednesday, powered by a surprise boost in Windows revenue and as growth in its cloud business stayed on track.. . .  Full story

Occidental CEO Vicki Hollub makes bold bid for rival shale producer

24/04 With a $38 billion bid on Wednesday for rival oil producer Anadarko Petroleum Corp, Occidental Petroleum Corp CEO Vicki Hollub has again grabbed the spotlight, as the oil and gas industry trailblazer squares off. . .  Full story

Wall Street edges lower, energy stocks fall

24/04 The S&P 500 slipped on Wednesday after ending the previous session with a record and the Nasdaq failed to hold all-time highs reached earlier in the day while investors waited for more earnings reports.. . .  Full story

U.S. Justice staff seek Goldman guilty plea in 1MDB settlement -FT

24/04 U.S. Department of Justice staff have made an internal recommendation that Goldman Sachs Group Inc plead guilty as part of any potential settlement over its role in a corruption scandal involving a Malaysian sovereign wealth. . .  Full story

Chipotle same-store sales beat estimates on higher online ordering

24/04 Chipotle Mexican Grill Inc beat Wall Street estimates for quarterly same-store sales on Wednesday, as the restaurant chain's emphasis on fresher menu and investments in online ordering and delivery boosted customer transactions.. . .  Full story

Visa quarterly profit jumps 14 pct on higher consumer spending

24/04 Visa Inc reported a 14.3 percent jump in quarterly profit on Wednesday as a tightening labor market and growth in wages spurred consumer spending, leading to more people swiping their credit- and debit-cards using. . .  Full story

Norwegian Air reschedules aircraft delivery, to cut 2019-20 capex by $2.1 bln

24/04 Norwegian Air has agreed with Airbus and Boeing to reschedule delivery of aircraft to cut capital spending, the loss-making budget carrier said on Wednesday.. . .  Full story

Boeing abandons outlook, takes $1 bln cost hit in MAX crisis

24/04 Boeing Co on Wednesday abandoned its 2019 financial outlook, halted share buybacks and said lowered production due to the grounding of its fastest-selling 737 MAX jet after two fatal plane crashes in five months. . .  Full story

U.S. yields lower on soft global data, after strong auction

24/04 U.S. Treasury yields were lower across maturities on Wednesday as investors piled into the safe-haven government bonds following a dovish report from Canada's central bank, weak data from Germany and Australia, and solid demand at. . .  Full story

Oil hovers near 6-mth high as U.S. stockpile build counters supply fears

24/04 Oil prices hovered near six-month highs on Wednesday after data showed U.S. crude stockpiles surged to their highest levels since October 2017, countering fears of tight supply resulting from OPEC output cuts and U.S. sanctions. . .  Full story