Are close to sealing a merger agreement, telling employees a final pact is coming within weeks. And shares in the lse group trade higher as shareholders prepare to vote on the 27 billion takeover well, a very good morning and welcome to street signs. One of our top stories today, alibaba has closed almost 7 higher after its hong kong debut, the Largest Global listing so far this year the ecommerce giant listed at a price of 176 hong kong dollars to raise 11. 2 billion in fresh capital. And as part of the ipo, the Chinese Company issued 500 million new ordinary shares. Emily tan is joining us live from hong kong emily, the largest ipo of 2019, quite a stellar postmarket performance with the stock up almost 7 in trading how has the reception been overall . Reporter you know what, juwana, the newcomer to the market today was the most heavily traded in hong kong with 1. 8 billion worth of shares changing hands as you mentioned, the stock closed up more than 6. 5 , off the days highs, but u
Maria welcome, lowes reporting Quarterly Earnings a moment ago, Ashley Webster are. The numbers. Ashley lets get right to it, eps, adjusted basis 141 per share, better than estimate of 1. 35 but revenue coming in just a tad short 14. 4 billion, we were looking for, or at least the street was locking for 17. 68 billion, a little miss on the revenue side, it is reaffirming says lowes, outlook for the rest of the year, in fact, its raising eps estimates which is pretty solid when you consider disappointing result from home depot yesterday, as you can see, though, premarket, lose down 3 , total sales up 2 , but other than that comp sales were up 3 , the outlook or certainly, about where we expected it to be, maybe as comparing this to home depot, maria, a little less on the downside although i wouldnt say that much on the upside if that makes sense, the stock coming back a little bit in premarket, this is not a bad report at all and certainly raising the outlook for the rest of the year ce
Pulled off in germany. But first, a possible thanksgiving truce on trade. The two deals on the table are moving closer to resolutions. As you can see the markets are happy. President trump saying the u. S. Is in the final throes of reaching a trade deal with china, while mexico says Speaker Pelosi will hold a usmca vote between thanksgiving and the end of november. Edward lawrence has the very latest on the tray front to capitol hill. Sounds likes mexico knows more about this than we do. Reporter david, not a vote. She says she will get the agreement between thanksgiving and the end of november but House Speaker nancy pelosi clearly feeling the pressure. She did release this statement now saying that, quote, we are within range of a substantially improved agreement for americas workers. Now we need to see progress in writing from u. S. Trade representative for final review, using the words, final review there. Mexicos chief negotiator was told by the House Speaker he says, that she sho
Protests in venezuela took place earlier this year where tens of thousands took to the streets in dueling protests in support in opposition of the standing government under president nicolas mother would go on as well as have turned to rely heavily on bitcoin some using it to pay for medical costs or even food eating gold in the hyper inflated economy and several reports revealed Venezuela Central Bank is allegedly looking to stockpile of variety of crypto currency is like a coin within its internal reserves stay operated gas company but theyre a little less than a swell hour by the vessel has asked to send big corn and a theory of payments to uncle sam but i live a nice way to save evolves to pay for oil and gas operations with us ancients on some of these countries like venezuela iraq and iran terror on is allowing for big queen mining but with some regulations head of the Economic Commission of the Iranian Parliament and yes hotshot the said we do believe that the crypto currency in
The world trade coming to an end. We have seen bond yields climb up. Have seen the u. S. 10 year moving out of the haven currencies and haven bonds. The yen seeing more weakness if you can call it suffering. That, bund futures seeing those yields go up as we see prices get sold off. Lets have a look at the first word news. Lets get to new york. We start with the reserve bank of australia. It is maintaining its glass thefull view, reiterating economy is emerging from a soft patch while also forecasting no acceleration in wage growth and inflation barely reach the bottom of its target. Growth oferly updated 2 , rising to 2. 75 by the end of 2020 and 3 in the year after. Embrace of virtual banks is going beyond its own shores. It says it wants to become a regional hub with advanced data expertise. Doing soauthority says will improve banking authorities at home. Managing director robbie menon says Southeast Asia presents a huge opportunity for virtual banks. We see some of these players be