Business

(Reuters) – Best Buy Co Inc (BBY.N) reported disappointing third-quarter results on Thursday and forecast holiday-quarter profit below Wall Street estimates as it cut prices to match those offered by rivals including Amazon.com Inc (AMZN.O). A Best Buy store is pictured in Westminster, Colorado January 16, 2014. REUTERS/Rick Wilking Shares of the United States’ single
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SINGAPORE (Reuters) – Oil markets were stable on Thursday as rising U.S. crude production and inventories were countered by expectations that OPEC will extend an ongoing production cut during a meeting at the end of this month. Oil pumpjacks are seen near Aneth, Utah, U.S., October 29, 2017. REUTERS/Andrew Cullen Brent crude futures LCOc1, the
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(Reuters) – Target Corp’s (TGT.N) holiday-quarter profit forecast fell short of analyst expectations, sending its shares down 10 percent on Wednesday as hopes faded that the retailer would make a shopping season comeback. Target has missed Wall Street’s fourth-quarter profit expectations for the past two years. It is gearing up for the holidays by cutting
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CARACAS/NEW YORK (Reuters) – Venezuela’s cash-strapped government insisted it had successfully begun efforts to refinance some $60 billion in bonds, though creditors disagreed following fruitless talks and a ratings firm declared the nation in selective default. Venezuelan bonds slid on Tuesday after S&P Global Ratings announced that Venezuela was in selective default for failing to
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(Reuters) – Home Depot Inc (HD.N), the largest U.S. home improvement chain, beat analysts’ third-quarter sales and profit estimates on Tuesday, as hurricanes Harvey and Irma boosted demand for storm-related emergency products and rebuilding materials. The logo of Down Jones Industrial Average stock market index listed company Home Depot is seen in Encinitas, California April
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KUALA LUMPUR: Robert Kuok controlled Wilmar International is now looking to list its China unit on the Shanghai Stock Exchange in the second half of 2019, eight years after the initial listing plan was first announced. In the original plan, announced in 2009, the company had outlined plans to list the unit on either the
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DANANG, Vietnam (Reuters) – Asia-Pacific leaders agreed on Saturday to address “unfair trade practices” and “market distorting subsidies” in a statement that bore the imprint of U.S. President Donald Trump’s efforts to reshape the global trade landscape. The summit of Asia-Pacific Economic Cooperation (APEC) countries in Vietnam has put on show the contrasting vision of
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DANANG, Vietnam (Reuters) – Countries in the Trans Pacific Partnership (TPP) trade deal have agreed on the core elements to move ahead without the United States, officials said on Saturday, after last-minute resistance from Canada raised new doubts about its survival. Taking the agreement forward is a boost for the principle of multilateral trade pacts
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BEIJING (Reuters) – China will raise foreign ownership limits in financial firms in a step granting access to a tantalizing multi-trillion dollar financial services market, as the world’s second-biggest economy seeks to position itself as a major global finance hub. A security guard walks on the bund in front of the financial district of Pudong
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