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It’s a done deal. Almost everyone, or so it seems, believes the Federal Reserve will cut short-term interest rates at next meeting when its main decision-making body meets. President Trump favours lower rates. So do many economists, including some fierce Trump critics. Similarly, Fed Chairman Jerome “Jay” Powell says the Fed wants to sustain the economic expansion. Finally, Wall Street ...

After a horrid start to the year, UBS Group AG Chief Executive Officer Sergio Ermotti finally got some relief. Switzerland’s biggest bank posted its best second quarter results under his watch. Unfortunately, the likelihood that the stars will remain aligned is remote. At $1.4 billion, net income in the three months through June was the highest since 2010, comfortably beating ...

Nokia Oyj started as a single paper mill in 1865. In recent years, it’s the stock that has been through the mill, as the maker of telecommunications equipment has ebbed and soared with each burst of spending on next generation mobile networks. Chief Executive Officer Rajeev Suri has steadily toiled away to drag the Espoo, Finland-based company through to the ...

Things aren’t so desperate for Huawei Technologies Co. after all.Just over a month ago we were told that the Chinese electronics giant was hunkering down for a drop of as much as 60 million units in overseas handset shipments this year. That was quite a blow, I wrote at the time, considering that consumer devices accounted for 45 percent of ...

Annegret Kramp-Karrenbauer, the likely successor of Chancellor Angela Merkel, took over as Germany’s defense minister. In a speech to parliament outlining her priorities, AKK, as she is known, said she would “hold fast” to the goal of increasing country’s defense spending to 2 percent of economic output — but that Germany would aim to attain military spending of 1.5 percent ...

When will Boeing Co.’s 737 Max return to the skies? It’s anybody’s guess. The aerospace giant said that it was planning for an early fourth-quarter return for the jet, giving investors hope that it had turned the corner on the crisis that’s engulfed the best-selling plane following two fatal crashes. But in the earnings call, executives threw out an alternative ...

One of the toughest corporate strategies is managing a declining asset while investing in promising but nascent ones. It’s such a well-known difficulty that famous books have been written about it. This management balancing act might be even tougher in technology. If a company has a slow-growing or declining tech asset, often it simply dies or gets taken over by ...

Bloomberg Ryanair Holdings Plc clung to its full-year earnings outlook as a fare war and the grounding of Boeing Co’s 737 Max jetliner ate into first-quarter profit at Europe’s biggest discount airline. Margins on ticket sales are shrinking, with a glut of seats hurting prices in Germany and concerns around Brexit weighing on UK demand, Ryanair said. At the same ...

Bloomberg Jumia Technologies AG’s plan to expand its online retail and trading platform in less developed parts of Africa has long had one significant challenge: A lack of formal addresses for deliveries. That may be about to change due to an agreement with Vivo Energy Plc, the London-listed owner of more than 2,100 Shell and Engen-branded service stations across the ...

Bloomberg HNA Group Co is considering refinancing Swissport International’s debt after talks to sell the airport-cargo handler stalled on valuation, people familiar with the matter said. The Chinese conglomerate is working with advisers to extend Swissport’s debt maturities and ease pressure from creditors, the people said, asking not to be identified because the matter is private. While the refinancing is ...