Samsung Electronics was expected to post a $6.1B operating profit for the period from January to March, more than 50% less than was recorded in the same period in 2018, as memory chop prices dropped.
Vietnam's economy is expected to grow 6.8% in 2019 and 6.7% in the following year, the Asian Development Bank stated in the report.
Germany's leading economic institutes revised down the growth forecast for Europe's biggest economy to 0.8% in 2019 from a 1.9% previous estimate, two sources familiar with the report stated.
Economists raised the forecast for Argentina's rate of inflation in 2019 to 36% from a prior estimate of 31.9%, the median forecast in the Central Bank's monthly analysts' poll revealed.
The Parliament of Sweden has ordered a research of a possible sale of its stake in Telia. As the government might sell $7.5 billion worth of stock, the event might beat down the company's stock price.
Reuters announced on Wednesday that Boeing software pushed down the nose of the crashed Ethiopian plane. The software was still working after the pilots had shut it off.
On Wednesday, movie theater company executives were meeting in Las Vegas to discuss future plans. The main topic of the conference was their main competitor Netflix. The results of the conference are bound to influence movie theater company stock prices.
It was revealed by Reuters on Wednesday that the demand for the government bonds of the United Kingdom remains stable. It indicates that long term investors are not concerned with Brexit.
On Wednesday, the IMF announced in its World Economic Outlook that a small fraction of companies in wealthy countries should be regulated, as they can hurt investment, monetary policy and labor. It could be made out from the report that the IMF investigated tech giants like Google.
A think tank on Wednesday announced that financial jobs are still moving from the United Kingdom to other European Union financial hubs. Moreover, the think tank announced that this process is unlikely going to stop unless Brexit is cancelled.
On Wednesday, PMI data released in Brazil revealed that the Brazilian economy is picking up. It indicates that the Brazilian currency will appreciate in value during the near future.
On Wednesday, the ousted chairman of Nissan-Renault appeared on Twitter. The chairman announced his intentions to reveal previously unknown information about the financial scandal that plagues the company.
Representatives of the European Commission on Wednesday announced that Romania should not consider pardoning corrupt politicians. The event signals that the EC intends to enforce the rule of EU laws.
On Wednesday, the Economic Adviser of the White House Larry Kudlow announced that the US-China trade talks have made progress and a new round of negotiations will occur in Washington.
The Economic Adviser of the White House Larry Kudlow announced on Wednesday that a clear Brexit would help the US negotiate a new trade deal with the United Kingdom.
On Wednesday, it was announced by the British Prime Minister Theresa May that she will seek a Brexit compromise by negotiating with the opposition leader Jeremy Corbyn.
BlackRock has been given more time to make an offer for the struggling Italian lender Carige, as it remained the only potential buyer of the company.
On Wednesday, India's Tata Steel supported the logic of the joint venture deal with ThyssenKrupp, a few days after the firms had submitted their proposals to the EU Commission to receive approval to the partnership.
On Wednesday, the US radio firm iHeartMedia filed for an IPO with the SEC to list its common Class "A" shares, as the company is nearing bankruptcy exit.
Viacom has tied up with T-Mobile US over a content distribution deal under which media firm's brands, such as Nickelodeon and MTV, would be available to T-Mobile's 80M customers.
CMC Markets shares plunged over 10% on Wednesday, following the company's estimates of an income slump in the preceding year to March on the news the online trading platform's CFO was set to leave and new regulations hit client activity.
On Wednesday, thee major carmakers Ford, General Motors and Toyota have joined their forces to help advance the safety standards for autonomous vehicles that could result in creating regulations in the United States.
Ford Motors is planning to roll out over 30 new car models in China during the following three years with several of them to be electric, as the US carmaker seeks to boost slumping sales in the Asian market.
Searchlight Capital Partners, the investment company, agreed to acquire a 26% stake in France's aeronautics firm Latecoere in a deal valued at about $106.8M.