U.S. Secretary of State Mike Pompeo says Huawei CFO Meng Wanzhou, who is under house arrest in Canada and facing extradition to America, is not a bargaining chip in the trade...Technologyread more
Arturo Estrella has a message for recession naysayers: It could hit sooner than you think.Marketsread more
Local governments commonly share single service providers, making many vulnerable at once. On top of this, ransomware has often been used to mask more targeted, malicious...Technologyread more
Fed Chairman Jerome Powell faces the tough challenge of presenting a unified voice on Fed policy from the most divided Fed in years.Market Insiderread more
Meanwhile, investors look ahead to Fed Chair Jerome Powell's speech at a yearly central banking symposium in Jackson Hole, Wyoming.Asia Marketsread more
The office has long been a breeding ground for budding romances. But actively going into business with your other half is another thing entirely.Successread more
Salesforce released its first earnings report since its $15.3 billion acquisition of Tableau Software, the company's largest deal ever.Technologyread more
Kudlow also confirmed to CNBC that he supported a tax cut proposal floated earlier Thursday by Sen. Rick Scott, R-Fla.Politicsread more
VMware is following through on its proposal to buy Pivotal, a fellow Dell subsidiary, and expanding into cybersecurity with the acquisition of Carbon Black.Technologyread more
Google says it shut down hundreds of YouTube channels tied to misinformation around the Hong Kong protests.Technologyread more
It is a rare scenario where long-term interest rates suddenly fall below short-term interest rates.Real Estateread more
* Now expects adjusted EBITDA of 1.4-1.7 billion euros
* Adjusted net income seen at 0.5-0.8 billion euros
* Shares hit highest level since December 2014 (Adds shares, details on outlook)
FRANKFURT, July 30 (Reuters) - RWE, Germany's largest electricity producer, on Tuesday raised its profit outlook for 2019 due to a stronger-than-expected performance at its volatile energy trading unit.
Shares in the utility rose as much as 3.3% after the news, hitting their highest since Dec. 22, 2014. At 0734 GMT, they were up 1.4%, the second-best performer among German blue-chip stocks.
RWE's Supply & Trading unit achieved core earnings of more than 400 million euros ($445 million) in the first six months of 2019, the utility said in a statement ahead of first-half results scheduled for Aug. 14.
For the whole group, RWE now expects adjusted earnings before interest, tax, depreciation and amortization (EBITDA) of 1.4 billion to 1.7 billion euros ($1.6-$1.9 billion), while adjusted net income is seen at 0.5 billion to 0.8 billion euros.
This compares with a previous outlook for 1.2 billion to 1.5 billion euros of adjusted EBITDA and 0.3 billion to 0.6 billion euros for adjusted net income. ($1 = 0.8981 euros) (Reporting by Christoph Steitz; Editing by Thomas Seythal)