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By Ritsuko Ando and Ayai Tomisawa TOKYO (Reuters) – Japan’s Sharp Corp said it may reduce its capital and issue preferred shares as part of a planned restructuring, but worries about potential dilution from the new issuance and other possible fund raising sent its shares plunging 26 percent.Battered by competition from cheaper Asia rivals in its core liquid crystal panel display business, loss-making Sharp has been working with its main
Brent and WTI crude oil prices will remain below $100 a barrel until at least 2025, according to a draft report by OPEC, seen by The Wall Street Journal.
The chances of another sharp fall in the price of oil is rapidly receding, according to a notable European commodity analyst.
So as a new week begins following a comforting jobs report and decent little stock rally Friday, these are the things to watch.
Shares of online retailer Zulily are soaring in premarket trading Monday, after Chinese e-commerce powerhouse Alibaba disclosed last week that it bought a stake in the company. Alibaba Group Holding Ltd. …
Ian Winer is head of equity trading at Wedbush Securities and although he’s a rally skeptic, he does see opportunity in individual companies, especially those that leverage themes.
Finance Minister Yanis Varoufakis acknowledged that a deal to ease Greece’s cash crunch was not likely at a meeting of euro zone finance ministers later on Monday despite progress in talks with lenders on some issues. A 750 million euro debt repayment to the IMF falls due on Tuesday but Varoufakis said a deal that would provide some liquidity relief for Greece was more likely in the coming days. “The
Chief financial officers from around the globe are betting on a rebound for the U.S. economy in the next six months.
As gloom gathered over China’s economic outlook in March last year, Goldman Sachs Group Inc. economist Song Yu declared growth likely had “troughed” and a rebound would follow. The top forecaster on China’s economy was proven right, and sees a repeat this year. “Now it’s very similar to this time of last year in terms of having a combination of monetary, fiscal and administrative loosening,” said Beijing-based Song, ranked the
Oil slipped towards $65 a barrel on Monday as signs that U.S. shale oil production was recovering after a recent price rally renewed concerns of a growing global supply glut. China’s latest move to bolster its economy offset some of the losses as it raised hopes that the world’s top energy consumer would help absorb supplies. Brent crude for June was down 30 cents at $65.09 (£42.02) a barrel by
