Trip.com ADR earnings beat by ¥0.12, revenue fell short of estimates By Investing.com

Investing.com – Trip.com ADR (NASDAQ: ) reported third quarter EPS of ¥7.05, ¥0.12 better than the analyst estimate of ¥6.93. Revenue for the quarter came in at ¥15.6B versus the consensus estimate of ¥15.63B. Trip.com ADR’s stock price closed at ¥59.49. It is up 38.64% in the last 3 months and up 67.81% in the last 12 months. Trip.com ADR saw 10 positive EPS revisions and 3 negative EPS revisions

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Turkey fines Amazon’s Twitch 2 million lira for data breach By Reuters

(Reuters) – Turkey’s Personal Data Protection Board (KVKK) has fined Amazon.com (NASDAQ:)’s gaming platform Twitch 2 million lira ($58,000) over a data breach, the official Anadolu Agency reported on Saturday. KVKK launched an investigation after a 125 GB data leak. It found that Twitch had failed to take adequate security measures beforehand, addressing the issue only afterward. It also said risk and threat assessments had been insufficient. The breach affected

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OMV says its gas deliveries from Russia have stopped By Reuters

BERLIN (Reuters) – Austrian energy company OMV said gas deliveries from Russia had ended at 6 a.m. (0500 GMT) on Saturday, but the regulator said supplies to customers were stable despite a drop in flows into Austria. “We confirm that there has been no gas delivery from 6 a.m. today,” an OMV spokesperson said. Alfons Haber, head of E-Control, the regulator, said: “Quantities coming into Austria are currently down by

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Investing.com’s stocks of the week By Investing.com

Investing.com — There have been various big-name movers this week based on a range of different factors. While we can’t cover them all in this article, here are Investing.com’s stocks of the week: Disney (NYSE:) While Disney shares have been on the rise for most of November so far, the stock made a strong 6.2% jump on Thursday after the company reported its latest quarterly earnings, with investors reacting positively

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Will Trump privatize Fannie & Freddie? Citi discusses By Investing.com

Investing.com — Following the recent election, shares of Fannie Mae (OTC: (ST:)) and Freddie Mac (OTC:) have surged, driven by speculation that the Trump administration may attempt to privatize the government-sponsored enterprises (GSEs).  Citi analysts weighed in on the likelihood of such a move, saying in an investment research note that Trump previously sought to end the conservatorship of Fannie and Freddie in his first term, but his first attempt was

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Is the latest stimulus enough to generate inflation? By Investing.com

Investing.com — Recent economic data from China indicates that the country’s inflation remains subdued despite new stimulus measures aimed at boosting demand.  As per Citi Research, October’s Consumer Price Index rose 0.3% year-on-year, meeting their forecast but falling below the market expectation of 0.4%.  The Producer Price Index contracted by 2.9% year-on-year, a sharper decline than anticipated.  Both metrics underline a broader challenge in igniting inflation through the current stimulus

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Russian gas exports via Ukraine to Europe stable despite Austria cuts By Reuters

MOSCOW (Reuters) – Russian gas producer Gazprom (MCX:) said it would send 42.4 million cubic metres of gas to Europe via Ukraine on Saturday, the same volume as on Friday, despite expectations of gas supplies cuts to Austria over a contractual dispute. Russian Interfax news agency cited data from European gas pipeline operators as saying that gas exports from Russia via Ukraine were stable, while Austrian company OMV was not

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S&P revises South Africa’s outlook to positive on better reforms, growth potential By Reuters

(Reuters) – Ratings agency S&P revised South Africa’s outlook to “positive” from “stable” on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup in private investments. The coalition government, formed in June after the African National Congress lost its parliamentary majority for the first time in 30 years, boosted business confidence. S&P also stated that since the formation of the government, debt

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Southwest Airlines plane struck by bullet before departure in Dallas By Reuters

(Reuters) – A Southwest Airlines (NYSE:) plane preparing for departure at Dallas Love Field airport was struck by a bullet late on late Friday, prompting the aircraft to return to the gate, the airline said in a statement. “Southwest Airlines Flight 2494 was set to depart for Indianapolis when a bullet apparently struck the right side of the plane, just below the flight deck, as the crew was preparing for

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