Lyft's shares tanked 16% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be losing ground to rival Uber.
August 07, 2024
Global stock and bond markets, in particular Japan's, are being rocked by an unwinding of the hugely popular yen carry trade.
August 07, 2024
Foreign investment in Asian equities slowed in July amid increased market volatility and heavy selling in technology stocks, compounded by weak economic data and
August 07, 2024
Fund managers are looking to hedge more of their foreign exchange risk for longer to protect their returns, as concerns about volatility and the potential for
August 07, 2024
A strong comeback by banks on Wednesday helped Europe's main stock index log its biggest one-day gain since November, even though the continent's largest
August 07, 2024
The Paris Olympics is giving a much-needed lift to the French economy thanks to increased consumer spending, according to a report from U.S bank card and financial transactions firm
August 07, 2024
An investor has filed a petition in a Chinese court to liquidate a major onshore unit of heavily indebted property developer China Evergrande, a stock filing by the
August 07, 2024
Glencore could consider buying more steelmaking coal assets at right price, good quality and in the right location, the London-listed miner's Chief Executive Gary Nagle said in a
August 07, 2024
The Federal Reserve may be a bit late cutting interest rates, but it's not yet behind the curve in forestalling a U.S. recession.
August 07, 2024
Japanese technology investor SoftBank Group said on Wednesday it plans to buy back a hefty $3.4 billion of its shares, an action called for by shareholders including
August 07, 2024
Japan's Honda Motor reported a 23% increase in first-quarter profit on Wednesday as the automaker benefited from a weaker yen, higher pricing and growing hybrid vehicle sales in the
August 07, 2024
Bottler Coca-Cola HBC boosted its annual operating profit and revenue forecast on Wednesday, as the Swiss group posted higher first-half revenue, helped by measures to mitigate the impact
August 07, 2024
Saudi Aramco will buy from Japan's Sumitomo Chemical a 22.5% stake in their petrochemical joint venture Petro Rabigh for $702 million, the
August 07, 2024
Glencore will keep its coal business after securing backing from a majority of its investors who see lucrative earnings from the fossil
August 07, 2024
British ad group WPP is selling its controlling stake in financial PR agency FGS Global to minority shareholder KKR for $775 million in cash, which it will use to
August 07, 2024
Swiss pharmaceutical company Roche is considering divesting cancer data specialist Flatiron Health, the Financial Times reported on Wednesday, citing people familiar with the matter.
August 07, 2024
DBS Group raised its full-year profit guidance on Wednesday after posting quarterly earnings that beat estimates, as Singapore's biggest bank reaped the
August 07, 2024
Nivea maker Beiersdorf missed expectations for half-year operating profit on Wednesday and said the luxury market slowdown in China had hit the
August 07, 2024
Novo Nordisk on Wednesday trimmed its full-year profit outlook after reporting weaker-than-expected quarterly sales of its popular weight-loss drug Wegovy, stirring
August 07, 2024
A day after the Tokyo stock market had its biggest fall since 1987, Yuri Sekiya decided it was time to heed Prime Minister Fumio Kishida's
August 07, 2024
Shares of Germany's Commerzbank fell as much as 6% on Wednesday after it reported larger than expected loan loss provisions in the second quarter.
August 07, 2024
ABN Amro's shares rose 5% on Wednesday as the Dutch bank raised its forecast for full-year net interest income to 6.4 billion euros ($6.98 billion)
August 07, 2024
Cathay Pacific will buy 30 Airbus A330-900 wide-body aircraft, with options to buy another 30, the Hong Kong-based airline said on Wednesday.
August 07, 2024
U.S. stocks slumped after a morning rally evaporated, but the losses on Wall Street weren’t as bad as the manic moves that wracked markets worldwide over the last week
August 07, 2024
A look at the day ahead in European and global markets from Stella Qiu. Is the Bank of Japan taking the mantle of market saviour from the Fed? Nikkei investors sure hope so.
August 07, 2024
Trump explains why he will not accept CNN debate against Harris
Congo frees 600 inmates at main prison in a bid to ease overcrowding
New center-right government in France announced 2 months after divisive elections
Kenya's president visits Haiti as UN grapples with future of peacekeeping efforts
Sullivan expresses worry over escalating Israel-Lebanon tension, calls Hezbollah strike as justice served
Court gives 5 days for X to validate its Brazil legal representative
Tiny rainforest lizards leap into water and don’t come up when expected. Scientists now know why
She was born blind, but she travels the world by herself
Travel isn’t just fun. It might also help fight the signs of aging
Lindor's earliest return to New York Mets lineup from back injury likely Tuesday at Atlanta