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Japan Retail Sales Rise Third Month

TOKYO (dpa-AFX) - Japan retail sales increased for the third month in May, suggesting that consumer spending remained robust in the second quarter, official data revealed Monday.Retail sales advanced 5.3 percent in May from the previous year, bigger than the 2.8 percent rise seen in April, data fro…

dpa-AFX en
Economy
BT.A VZ
dpa_afx

BT Group Cuts Annual Outlook After Proposed Joint Venture With Verizon

NEW YORK CITY (dpa-AFX) - BT Group PLC (BT, BT_A.L, BT.L), a British telecom holding company, said on Monday that it has revised down its annual guidance to reflect the company's planned 50:50 joint venture with Verizon Communications Inc.(VZ) to combine their respective international operations to…

dpa-AFX en
Stocks GB
FORTUM ELMRA
dpa_afx

Fortum Launches NOK 5.1 Bln Tender Offer For Elmera

HELSINKI (dpa-AFX) - Elmera Group ASA (ELMRA.OL) and Fortum Consumer Solutions AS, a unit of Fortum Oyj (FORTUM.HE), said Monday they have agreed to the terms of a recommended cash tender offer under which Fortum will acquire Elmera in a deal valuing the Norwegian electricity retailer at about NOK…

dpa-AFX en
Stocks FINO
7203
dpa_afx

Toyota Motor Total Worldwide Sales, Production Drop In May

TOKYO (dpa-AFX) - Japanese automajor Toyota Motor Corp. (TM, TYT.L, 7203.T) reported Monday that its total worldwide sales and production for the month of May declined from last year, mainly due to weak performance in outside Japan. Sales and production were lower for the first five months of fisca…

dpa-AFX en
Stocks JP
IPN
dpa_afx

Ipsen To Acquire Kartos Therapeutics For Up To $1.75 Bln

PARIS (dpa-AFX) - Ipsen (IPSEF.PK) said Monday it has agreed to acquire Kartos Therapeutics for up to $1.75 billion, expanding its hematology pipeline with navtemadlin, an investigational treatment for myelofibrosis, a rare blood cancer.The deal includes an upfront payment of $450 million, with Kar…

dpa-AFX en
Stocks FR
SXXP
dpa_afx

European Shares Seen Tad Higher At Open

BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - European stocks are seen opening a tad higher on Monday as investor focus shifts to upcoming high-level U.S.-Iran talks in Qatar, the release of U.S. jobs data and the ECB's Sintra Forum, where major governors, including Fed Chair Kevin Warsh and ECB President L…

dpa-AFX en
index
XJO NI225
dpa_afx

Asian Markets Track Wall Street Lower

CANBERA (dpa-AFX) - Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as traders remain cautious after renewed hostilities in the Middle East over the weekend. However, the U.S. and Iran have now agreed to halt military strikes a…

dpa-AFX en
index
NI225
dpa_afx

Japanese Market Notably Lower

TOKYO (dpa-AFX) - The Japanese stock market is trading notably lower on Monday, extending the sharp losses in the previous session, following the broadly negative from Wall Street on Friday, with the Nikkei 225 falling below the 68,900 level, with weakness in index heavyweights, exporters, technolo…

dpa-AFX en
index
HPQ
dpa_afx

HP And OpenAI Launch Frontier Partnership To Drive AI-Powered Transformation

WASHINGTON (dpa-AFX) - HP Inc. (HPQ) announced a strategic partnership with OpenAI to deploy powerful AI-driven solutions through the Frontier platform. This collaboration is designed to accelerate HP's transformation and growth initiatives, enhancing both customer-facing experiences and internal o…

dpa-AFX en
Stocks US
000001
dpa_afx

China Bourse May Test Support At 4,000 Points

BEIJING (dpa-AFX) - The China stock market on Friday wrote a finish to the two-day winning streak in which it had collected almost 15 points or 0.4 percent. The Shanghai Composite Index now sit just above the 4,025-point plateau and it may spin its wheels again on Monday.The global forecast for the…

dpa-AFX en
index