Google is postponing the end of its Hangouts chat app until June 2020, the company reports on its website. Originally, Google would stop the Hangouts app for users of G Suite, Google’s app bundle for business users, in October.
The stock market in Japan ended just a little higher on Thursday. Investors processed the minutes of the US Federal Reserve, which showed that the central bank is likely to further lower interest rates in September. They also looked forward to the meeting of central bankers in Jackson Hole, which starts later in the day.
The stock markets in New York are expected to start the new trading session with small gains on Tuesday. Trade concerns seem to have faded somewhat and investors are processing a new set of quarterly figures on the business front. The quarterly report from DIY store chain Home Depot showed once again that companies are starting to feel the effects of the American-Chinese trade war.
The stock market in Japan closed higher again on Tuesday. Investors processed the decision of the United States to postpone part of the announced restrictions on trading with Chinese tech giant Huawei by ninety days. In addition, stock market trading continued to benefit from the hope of more central bank stimulus measures.
The agricultural machinery manufacturer Deere has been troubled by the trade war between the United States and China in the past quarter. Farmers are uncertain about the export of their goods, so they postpone spending on new equipment. Deere is therefore more gloomy about the profit for the whole year.
Container carrier A. P. Møller-Maersk reaped the benefits of improvements to its maritime transport network in the second quarter. Containers arrived on schedule more often and ships used less fuel. As a result, the group managed to control costs, while more containers were transported at higher prices.