Amidst a rocky week in the US stock market, Pinduoduo’s ADRs bucked the trend and reported extraordinary growth. One of China’s largest smartphone makers delivered strong revenue results in the third quarter despite a slowdown in the global market. In Europe, The Restaurant Group’s (RTN LN) potential takeover of Wagamama continued to divide shareholder opinion as large shareholders released their views on the potential deal.
In the US, YETI has been unable to sustain their IPO price of $18.00. In Asia, We have seen strong long term lending demand for Takeda Pharmaceutical Co. French firm, Vallourec, has been part of a number of oil industry suppliers who have suffered due to a recent downturn as producers cancelled and deferred projects.
Forecasts for major and emerging market currencies through Q3 2019.
A timeline detailing U.S./China trade tensions.
In the US, Sessions, who had been vehemently against marijuana legalization, announced his resignation on Wednesday. Shares in Toshiba Corp surged in Tokyo trading after it announced plans to reinstate its dividend and exit a troubled LNG investment. Potential M&A activity is heating up in the UK.
Profiles of Argentina, Brazil, Russia, South Africa, Turkey, India and Indonesia.
In the US, Redfin’s stock price has been declining in spurts over the past year as the share price is now half of what it was at the start of 2018. The auto sector is facing its first decline in more than two decades on a slowdown in the Chinese economy and as the effects of the trade war are now starting to take effect. In Europe, Aryzta, a popular lending name, had its shares suspended this week following a vote on a rights offering to ensure the bakery’s survival.
In the most recent FX Quarterly, we explore the increased likelihood of a no-deal Brexit.
In the US, one industry expert stated that Ballard has a long way to go before it can proclaim success in proving the fuel-cell business can be profitable. In Asia, we have seen moderate securities lending demand for Cathay Pacific since the revelation of the hack, with its shares down 16% in 2018 and now trading at a low not seen since June 2009. In Europe, problems are compounding for Spanish supermarket chain Distribuidora.