Nasdaq News

Fund managers are changing their allocations after the U.S. Federal Reserve stunned investors with a half-point rate cut this week to contain the economic fallout from the coronavirus epidemic.

(RTTNews) - Vonovia SE (DAIMF), a German residential property company, announced Thursday that it entered into a purchase agreement to acquire Bien-Ries AG.

Deutsche Bank analysts have cut their forecast for British economic growth this year to just 0.5%, citing the rapid spread of the coronavirus and saying the Bank of England could cut interest rates twice by May in response.

OPEC ministers gathered in Vienna on Thursday to discuss cutting output, a day ahead of crunch talks with Russia which has yet to sign up to their plans for production curbs that aim to shore up crude prices battered by the coronavirus outbreak.

Outsourcing group Capita Plc reported a sharp rise in net debt in its full-year results on Thursday and said it would have to invest more than initially thought as it pushed ahead with a broad restructuring plan, sending its shares down 15%.

Safe-haven German government bond yields edged up from six-month lows on Thursday, reflecting a better tone in world markets as policymakers took aggressive steps to safeguard against the coronavirus outbreak.

The Saudi Arabian stock market gained in early trade on Thursday as oil prices strengthened ahead of an OPEC meeting to discuss supply cuts, while other major Gulf markets were mixed.

Finland's Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology. [nL8N2AX5CB]

Twitter and Facebook have suspended more than 80 accounts following a Reuters investigation that linked them to a network of news sites backed by the Indonesian army that publish pro-government propaganda about the restive region of Papua.

(RTTNews) - Continental AG (CTTAY.PK) reported a loss to shareholders of 1.2 billion euros for fiscal year 2019 compared to profit of 2.9 billion euros, previous year. Loss per share was 6.13 euros compared to profit of 14.49 euros. Adjusted EBIT declined to 3.2 billion euros fr

(RTTNews) - Melrose Industries plc (MRO.L) on Thursday reported that its profit before tax for the year ended 31 December 2019 was 106 million pounds, compared to loss before tax of 542 million pounds in the prior year. Earnings per share were 0.9 pence, compared to loss per sha

Fund managers are changing their allocations after the U.S. Federal Reserve stunned investors with a half-point rate cut this week to contain the economic fallout from the coronavirus epidemic.

The Russian rouble firmed slightly against the dollar on Thursday, with traders focused on OPEC meetings in Vienna, where ministers will seek to agree on supply cuts aimed at reducing the impact of the coronavirus outbreak on oil prices.

(RTTNews) - German consumer goods maker Henkel AG & Co. KGaA (HENOY, HENKY) Thursday reported that its fiscal 2019 adjusted net income after deducting non-controlling interests was 2.35 billion euros, compared to 2.60 billion euros in fiscal 2018.

British contractor Kier Group reported a smaller first-half loss on Thursday, benefiting from efforts to trim costs by simplifying its operations, sending its shares surging 11%.

Various Chinese government entities have allocated 110.48 billion yuan ($16 billion) in coronavirus-related funding as of March 4, Vice Finance Minister Xu Hongcai said at a press briefing on Thursday.

Vonovia, Germany's biggest residential property company, on Thursday confirmed its 2020 forecast for funds from operations (FFO) to hit between 1.275 billion euros and 1.325 billion euros ($1.42 billion - $1.48 billion).

(RTTNews) - Page Group plc (MPGPF.PK, PAGE.L) reported profit before tax of 144.2 million pounds for the year ended 31 December 2019 compared to 142.3 million pounds, previous year. Earnings per share was 32.2 pence compared to 32.4 pence. Operating profit rose 2.2% to 146.7 mil

(RTTNews) - Medical technology business Smith & Nephew plc (SN.L, SNN) announced Thursday that its Chief Financial Officer Graham Baker will step down from the Board and his CFO role on April 30 in order to take up a new CFO role outside the healthcare sector.\

Image source: The Motley Fool.