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HP Enterprise raises profit forecast on cost cutting measures

Bloomberg Hewlett Packard Enterprise Co, a maker of server computers, raised its profit forecast for the year on greater cost-cutting measures, topping most analysts’ estimates. Executives said, however, that trade tension between the US and China has created greater uncertainty. Profit, excluding some items, will be $1.62 a share to $1.72 a share in fiscal 2019, an increase of 6 ...

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Samarco postpones talks for $3.8b debt

Bloomberg Samarco Mineracao SA, the Brazilian mining venture that hasn’t operated since a deadly dam collapse in 2015, is postponing restructuring talks for $3.8 billion of debt until at least November, according to three people with knowledge of the plan. Creditors of the company’s $2.2 billion in defaulted bonds and $1.6 billion in loans and other obligations are agreeing to ...

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US factory activity drops to 9-year low amid trade woes

Bloomberg US factory activity took a hit this month as the tariff war with China and an overhang of inventory dampened orders, adding to signs the economy could slow in the second quarter. The preliminary US manufacturing purchasing managers’ index from IHS Markit fell two points to 50.6, the lowest reading since 2009, according to data. The drop was led ...

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