IBM Posts Better-Than-Expected Earnings on Cloud, Services Growth

IBM Corp beat Wall Street quarterly earnings estimates and also forecast 2019 profit above expectations on Tuesday, in the latest indication that Chief Executive Officer Ginni Rometty’s efforts to turn around the technology services company were gaining traction. Shares rose 7 percent in extended trading after IBM also posted its first annual revenue growth since 2011. […]

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Investors turn their attention to global growth concerns

As bond markets open back up for a shorter trading week, following Martin Luther King Jr. Day on Monday, investors are expected to be turning their attention to the state of the global economy. International markets are showing a muted to downbeat picture on Tuesday, as global growth concerns weigh, with markets in Asia and […]

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Millions of Chinese tourists spur growth of mobile pay overseas

Source: Nielsen Thailand is expected to be the most popular overseas travel destination for Chinese tourists during the Chinese New Year holiday in February, according to travel booking site Ctrip. Japan, Malaysia, Singapore and the U.S. also rank among the top 10 countries for what Ctrip predicts will be 7 million Chinese tourists during the […]

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Honor Post 27 Percent Growth in Smartphone Shipments Even as Global Market Declines

The Honor brand is positioned differently to the Huawei brand, focusing on online sales The global smartphone space is largely a positive market to be in, particularly if you’re focused on upcoming markets such as China and India. For many brands that manufacture affordable smartphones made for developing markets, growth has been steadily rising over […]

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Germany 2018 GDP data shows 1.5% growth

Germany’s economy witnessed lackluster growth in 2018, according to flash data released Tuesday, in line with expectations. German gross domestic product (GDP) grew 1.5 percent in 2018, compared with 2.2 percent in 2017, the latest data from the Federal Statistics Office (Destatis) showed. The figures point to the weakest rate of growth in five years. […]

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‘Shameless’ bears are ignoring strong growth signals: Phil Orlando

Federated Investors’ top market watcher is calling long-time bears “shameless.” According to Phil Orlando, they’re guilty of putting extreme negativity ahead of strong economic fundamentals. “Toxic sentiment is what drove the market down so sharply during the month of December,” the firm’s chief equity strategist said Tuesday on CNBC’s “Futures Now.” “Last Friday was a […]

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Global growth to slow in 2019

Global economic growth is expected to slow down in 2019, according to UBS, as tighter monetary policy, weaker earnings growth and political challenges confront the world’s major economies. After seeing a growth of 3.8 percent in 2018, UBS said in its outlook for the year ahead that it expected global economic growth to slow to […]

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