US Q3 GDP Data Likely To Show Sharp Slowdown

EVERYTHING YOU NEED TO KNOW, RIGHT NOW. #IBTPulse US Q3 GDP Data Likely To Show Sharp Slowdown A day after the U.S. Federal Reserve decided to keep interest rates at historic lows, GDP data for the third quarter is expected to vindicate the central bank's position. Analysts expect GDP growth to have dropped sharply to 1.7 percent from the comparatively brisk 3.9 percent seen in the previous quarter. Pfizer, Allergan Considering Merger Yet another mega merger may be in the works in the global pharmaceutical industry as reports emerged of Allergan, the Ireland-based Botox maker, being in talks with Pfizer. As the Wall Street Journal reported, the talks are in the initial stages and may yet go nowhere. However, if a deal does materialize, it would help boost Pfizer's revenues and create a $330 billion giant. Bank of Japan Expected To Maintain Status Quo Japan's central bank may be dealing with mixed signals as it prepares to announce its monetary policy Friday. While productivity and the job market are seen among the positive indicators, inflation and a shaky regional economy are matters of concern. But with interest rates already at record lows, the expectation is that the central bank will maintain its current position for now. US, China Naval Officials To Hold Talks Amid South China Sea Row Following a heated exchange of words between officials from the United States and China over a U.S. Navy warship's foray earlier this week into waters claimed by Beijing in the hotly contested South China Sea, naval officials from both nations are planning talks to rescue fraying bilateral relations between the world's largest economies. HERE'S WHAT YOU MISSED LAST NIGHT. Deutsche Bank Suffers Big Loss In Third Quarter Deutsche Bank, which is in the midst of a major corporate overhaul, reported a steep third-quarter net loss of $6.5 billion, mainly owing to higher operating costs and legal bills. The German banking and financial services giant, which is reportedly close to resolving an investigation into its dealings with countries like Iran and Syria, is also facing an expanded federal inquiry in the U.S. into allegations it did business with sanctions-hit Russian entities. The bank also recently overhauled its leadership team and has a new co-CEO in John Cryan, and has reportedly announced job cuts across the board. Samsung Surprises On Quarterly Earnings Samsung delivered a pleasant surprise to investors, clocking better-than-expected profits in the third quarter. The result was made possible by strong demand for its Galaxy Note 5 tablets and a healthy market for its chips business. The company also announced a record $9.9 billion share buyback and that it planned to increase dividends. Markets responded by rewarding the company's stock with its best showing in about five months. The company, however, lowered its fourth-quarter earnings target fearing volatile foreign exchange conditions. China, Airbus Sign $17 Billion Deal The deal – for 100 A320s and 30 A330s – which was signed during German Chancellor Angela Merkel's visit to Beijing follows a massive 300-plane deal Boeing signed with Chinese airline companies after President Xi Jinping paid the American plane maker's plant in Washington state a visit last month. Who Won The GOP Debate The "Your Money Your Vote" debate for GOP presidential candidates hosted by CNBC Wednesday shook up the scorecard from the last two primary debates. And while U.S. Sen. Marco Rubio's camp declared him the victor of Wednesday's debate, and the Atlantic agreed, polls by Fox and Slate showed Donald Trump to be on top once again. 7 Hanover Square, 5th Floor, New York, NY 10004 © 2015 IBT Media Inc. All Rights Reserved. Please add ibtimes@ibtimes.tm00.com to your contacts Unsubscribe | Privacy Policy