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We have room for two or three rate hikes, says OppenheimerFunds' Talley Léger.

Wed, 21 Feb 2018 18:40:23 -0500

If the Fed hikes rates too much, too soon, they risk inverting the yield curve and getting us into hot waters, says Talley Léger, equity strategist at OppenheimerFunds. Aleksandra Michalska reports.(image)



Wall St falls on yields spike

Wed, 21 Feb 2018 18:28:00 -0500

U.S. stocks closed lower after the release of the Fed minutes pushed yields on a ten-year U.S. Treasury note to a four-year high. Aleksandra Michalska reports.(image)



Walmart shares drop further, brokerages cut price targets

Wed, 21 Feb 2018 17:26:08 -0500

Walmart shares continued their fall after the world's biggest retailer posted a sharp tumble in profit and online sales growth during the holiday season, and forecast lower annual profit. Aleksandra Michalska reports.(image)



Broadcom cuts Qualcomm bid by $3 per share

Wed, 21 Feb 2018 16:10:18 -0500

Broadcom lowered its takeover offer for chipmaker Qualcomm to $79 per share from $82 to account for Qualcomm's sweetened offer for NXP Semiconductors. Aleksandra Michalska reports.(image)



South Africa to raise VAT for first time in 25 years to plug budget hole

Wed, 21 Feb 2018 14:48:14 -0500

South Africa's new leadership announced on Wednesday it was taking the politically risky step of raising value-added tax for the first time in 25 years, part of efforts to cut the deficit and stabilize debt under new president Cyril Ramaphosa. Scarlett Cvitanovich reports.(image)



Breakingviews TV: Highly strung

Wed, 21 Feb 2018 12:43:22 -0500

Iconic guitar maker Gibson suffers from declining sales and a songbook full of debt as loans come due. Antony Currie and Robert Cyran explain how poorly tuned M&A, cheap imports and the rise of craft manufacturers have left the company singing the financial blues.(image)



Scottish whisky distillers see glass half full on Brexit

Wed, 21 Feb 2018 12:04:06 -0500

Scotch whisky makers were among the most fervent industry advocates for staying in the European Union, but if Britain cannot get the new trade deal it wants with the EU, distillers would prefer a clean break. Kate King reports.(image)



VW reaches German deal on wages

Wed, 21 Feb 2018 11:21:44 -0500

Volkswagen has agreed to raise the wages of around 120,000 workers in Germany by 4.3 percent from May, resolving a dispute that had prompted its first strikes since 2004. David Pollard reports.(image)



Venezuela's Maduro seeks new hero in 'petro' currency

Wed, 21 Feb 2018 11:21:08 -0500

President Nicolas Maduro has said Venezuela received $735 million in the first day of a pre-sale of the country's "petro" cryptocurrency. As David Pollard reports, Maduro is hoping the petro will help pull the ailing OPEC member out of an economic tailspin.(image)



GM pitches $2.8 billion investment in S Korea, officials say

Wed, 21 Feb 2018 11:20:53 -0500

GM proposes a $2.8 billion investment over ten years to save its South Korea operations. Ryan Brooks reports.(image)



Commodities rally gives Glencore strongest FY results

Wed, 21 Feb 2018 10:18:44 -0500

Glencore Chief Executive Ivan Glasenberg hails the group's results as its "strongest on record", bolstered by strong commodity markets and reduced costs. Kate King reports.(image)



Lloyds profit jumps to $7.4 bln but misses estimates

Wed, 21 Feb 2018 10:18:24 -0500

Lloyds Banking Group reports its highest pre-tax profit since 2006, announcing a share buy-back of up to one billion pounds and 3 billion pounds of strategic investment over the next three years. Kate King reports(image)



GM pitches $2.8 bln investment in South Korea: officials

Wed, 21 Feb 2018 09:02:40 -0500

General Motors has proposed a $2.8 billion investment over the course of ten years to save its branches in South Korea, according to government officials. This comes after the announcement that one of its four branches in the country was closing down a week before.(image)



TPP without Trump takes a step closer to reality

Wed, 21 Feb 2018 08:50:56 -0500

The eleven nations left in the Trans-Pacific partnership released the final version of the landmark trade deal on Wednesday (February 21). David Doyle reports.(image)



Dubai moves on China to boost property market

Wed, 21 Feb 2018 03:27:32 -0500

Dubai is hoping for more Chinese investment to help boost its struggling property market. The city's ramping up its sales efforts around the world and has China firmly in its sights, as Nawied Jabarkhyl reports.(image)



Snail entrepreneur sells out fast in Cameroon

Wed, 21 Feb 2018 03:27:24 -0500

A young entrepreneur makes waves with her snail cleaning and processing business in Cameroon and abroad. Silvia Antonioli reports.(image)



Buy financials on a pull-back, says Vespula Capital's Jeff Tomasulo

Tue, 20 Feb 2018 20:17:56 -0500

It's easier to score a bargain in this volatile environment, says Jeff Tomasulo, CEO and founder of Vespula Capital. He adds that all-times highs for stocks is over because of rising interest rates, higher inflation, and a weaker dollar. Aleksandra Michalska reports.(image)



Squishy toys, unicorns, and poop at 2018 Toy Fair

Tue, 20 Feb 2018 20:17:32 -0500

More than 1,000 toy makers showcased their latest products at the 2018 New York Toy Fair. The most notable trends included squishy toys, unicorns and poop play. Aleksandra Michalska reports.(image)



Walmart sinks as online sales growth slows

Tue, 20 Feb 2018 15:19:31 -0500

Walmart shares slumped over nine percent after the U.S. retailer posted holiday online sales growth that trailed a year ago and was half the prior three months in a costly mis-step.(image)



Breakingviews TV: Chip scramble

Tue, 20 Feb 2018 12:57:10 -0500

Qualcomm is raising its bid for NXP Semiconductors, in what looks like an effort to deter its own suitor, Broadcom. Proxy advisers meanwhile are coming down mostly on Broadcom’s side. Rob Cyran and Tom Buerkle discuss how the moves don't yet mark a decisive twist in the battle.(image)