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FOREX-Pound pauses for breath amid Brexit limbo, dollar steadies

30 mins ago NAMEX Comments Off on FOREX-Pound pauses for breath amid Brexit limbo, dollar steadies
HONG KONG (Reuters) – The British pound stabilised on Thursday as the Brexit project entered a fresh holding pattern, while the dollar held firm as traders took a breather from Sino-U.S. trade headlines. FILE PHOTO: Pound and Dollar banknotes are seen in this picture illustration taken June 13, 2017. REUTERS/Dado Ruvic/Illustration Currency markets are also Read More

Asian shares edge up; investors anxious over earnings, Brexit

2 hours ago NAMEX Comments Off on Asian shares edge up; investors anxious over earnings, Brexit
SYDNEY (Reuters) – Asian shares pulled ahead on Thursday with corporate earnings buffeting trading as investors remained anxious about the business impact of the Sino-U.S. trade war while Brexit uncertainties kept overall sentiment in check. FILE PHOTO: Passersby are reflected on a screen displaying graphs of market indices outside a brokerage in Tokyo, Japan, August Read More

Microsoft forecasts cloud sales above expectations

4 hours ago NAMEX Comments Off on Microsoft forecasts cloud sales above expectations
(Reuters) – Microsoft Corp (MSFT.O) on Wednesday forecast sales for its cloud computing services that topped analysts’ estimates, even as quarterly growth slows for its Azure business. FILE PHOTO: An employee uses an augmented reality headset at Microsoft’s new Oxford Circus store ahead of its opening in London, Britain July 9, 2019. REUTERS/Simon Dawson Microsoft Read More

Trump channels ‘America invades for oil’ meme as he says some troops will stay in Syria to ‘protect’ it

4 hours ago NAMEX Comments Off on Trump channels ‘America invades for oil’ meme as he says some troops will stay in Syria to ‘protect’ it
US forces have secured Syria’s oil, and now most of them are on their way out, President Donald Trump has declared, patting himself on the back for “saving a lot of lives.” He then produced an oil-grabbing quote worthy of a meme. “Let someone else fight over this long, bloodstained sand,” Trump told reporters on Read More

‘Longest trial in history’: Palestinian aid worker charged with funding Hamas attends 129th hearing

4 hours ago NAMEX Comments Off on ‘Longest trial in history’: Palestinian aid worker charged with funding Hamas attends 129th hearing
A former charity manager in the Gaza Strip accused of funding Hamas has attended court for the 129th time in what has become the longest trial of its kind in Israel’s history, dragging on as witnesses are blocked from testifying. The 41-year-old aid worker, Muhammed al-Halabi, was arrested in June 2016 while working for World Read More

WeWork’s new chairman defends payouts to founder, says company will survive

5 hours ago NAMEX Comments Off on WeWork’s new chairman defends payouts to founder, says company will survive
(Reuters) – WeWork’s new Executive Chairman Marcelo Claure on Wednesday defended huge payouts to the office-sharing company’s founder Adam Neumann and said there is now “zero risk of the company going bankrupt,” according to an audio recording of a meeting he held with employees that was reviewed by Reuters. FILE PHOTO: A WeWork logo is Read More

‘Thanks Russia!’: Kurdish military chief welcomes Russian peaceekeping patrols

5 hours ago NAMEX Comments Off on ‘Thanks Russia!’: Kurdish military chief welcomes Russian peaceekeping patrols
Speaking with Russian Defense Minister Sergey Shoigu, SDF chief Mazloum Abdi thanked Moscow for securing a deal with Turkey and said the Kurdish militia will support Syrian troops and Russian military police patrolling the border. Talks between the top Russian military officials and the commander-in-chief of the so-called Syrian Democratic Forces (SDF) were held on Read More

‘Thanks Russia!’: Kurdish commander tells Shoigu, welcomes Russian military police

5 hours ago NAMEX Comments Off on ‘Thanks Russia!’: Kurdish commander tells Shoigu, welcomes Russian military police
Speaking with Russian Defense Minister Sergey Shoigu, SDF chief Mazloum Abdi thanked Moscow for securing a deal with Turkey and said the Kurdish militia will support Syrian troops and Russian military police patrolling the border. Talks between the top Russian military officials and the commander-in-chief of the so-called Syrian Democratic Forces (SDF) were held on Read More

EBay forecasts holiday-quarter revenue below estimates, shares fall 3%

6 hours ago NAMEX Comments Off on EBay forecasts holiday-quarter revenue below estimates, shares fall 3%
(Reuters) – EBay Inc (EBAY.O) forecast current-quarter revenue below Wall Street estimates on Wednesday, as it faces fierce competition from bigger rivals Amazon.com (AMZN.O) and Walmart Inc (WMT.N) in the run-up to the crucial holiday shopping season. FILE PHOTO: The eBay logo is pictured on a phone screen in this photo illustration in New York, Read More

Huawei exposure roils Xilinx’s revenue forecast

6 hours ago NAMEX Comments Off on Huawei exposure roils Xilinx’s revenue forecast
(Reuters) – Xilinx Inc (XLNX.O) on Wednesday forecast current-quarter and full-year revenue below Wall Street estimates, the second major chipmaker this week to flag the impact of a prolonged U.S.-China trade dispute on its business. FILE PHOTO: A Xilinx sign is seen during the China International Import Expo (CIIE), at the National Exhibition and Convention Read More