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(Bloomberg) -- Gold fell for the second time in three days as cooling trade tensions between the US and China drove a reallocation away from havens.Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Administration Policy on Migrant ChildrenBullion d
(Reuters) -French train maker Alstom reported an annual free cash flow well above market expectations on Wednesday, in a sign its cash issues were now solved, but its shares slumped after its forecast for the current year disappointed investors. Alstom, which had taken long to recover from its costly 2021 acquisition of Bombardier's rail business, reported a free cash flow of 502 million euros ($561.6 million) for the year that ended on March 31, ahead of the 330 million analysts polled by the company had expected. The earlier cash issues had been partly due to Alstom inheriting problem contracts through the acquisition.
(Bloomberg) -- Oil held the bulk of its biggest four-day rally since October, spurred by the US-China trade détente and President Donald Trump’s increasingly hostile rhetoric on Iranian supply, Most Read from BloombergAs Coastline Erodes, One California City Considers ‘Retreat Now’A New Central Park Amenity, Tailored to Its East Harlem NeighborsWhat’s Behind the Rise in Serious Injuries on New York City’s Streets?How Finland Is Harvesting Waste Heat From Data CentersLawsuit Challenges Trump Admi
Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the U.S. and China agreed to a 90-day pause in their trade war. The relief over the trade truce between the U.S. and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. A report overnight that showed U.S. inflation unexpectedly slowed last month helped drive buying that pushed the S&P 500 up 0.7%, to 5,886.55.
Asian shares were mostly higher Wednesday as a cautious sense of relief spread through regional markets after the U.S. and China agreed to a 90-day pause in their trade war. The relief over the trade truce between the U.S. and China is tepid among global businesses and investors given uncertainty over how long it might last and where tariffs might go in the months ahead. A report overnight that showed U.S. inflation unexpectedly slowed last month helped drive buying that pushed the S&P 500 up 0.7%, to 5,886.55.
TOKYO (Reuters) -Sony said on Wednesday it expects operating profit to rise 0.3% to 1.28 trillion yen ($8.7 billion) in the financial year ending in March, after factoring in a 100 billion yen hit from U.S. President Donald Trump's trade war. The estimated tariff impact does not reflect this week's trade deal between the United States and China and the actual impact could vary significantly, Sony said. Sony's shares reversed a more than 3% fall from the morning session to rise over 2% in afternoon trading after the results.