Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit by the U.S.
November 14, 2024
Nigeria plans 47 trillion naira ($28.18 billion) spending for its 2025 budget, using an assumption of an oil price of $75 per barrel and target production of 2 million barrels per day
November 14, 2024
Railroad operator Norfolk Southern agreed to add an independent member to its board as it settled a long-drawn battle with activist investor Ancora Holdings over the company's governance.
November 14, 2024
Hilton Worldwide said on Thursday it had authorized the repurchase of an additional $3.5 billion worth of common stock under the hotel giant's existing repurchase program.
November 14, 2024
The Brazilian government must cut spending "to the bone" and there is an urgency to announce a much anticipated fiscal package, outgoing central bank chief Roberto Campos Neto
November 14, 2024
UK stocks rose on Thursday, with luxury firm Burberry leading gains in the mid-cap index after unveiling a turnaround plan, while investors awaited speeches from finance
November 14, 2024
Canada's main stock index extended its record-setting run on Thursday as gains for energy shares offset a pullback in technology stocks and investors weighed recent declines
November 14, 2024
Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate
November 14, 2024
A look at the day ahead in U.S. and global markets by Amanda Cooper.
November 14, 2024
Blackstone has dropped plans to acquire a majority stake in the snacks business of India's Haldiram's but is now discussing purchase of a 20% stake at a valuation
November 14, 2024
Telecoms group VEON is considering an initial public offering (IPO) for its Ukrainian unit Kyivstar in the U.S. as early as next year, CEO Kaan
November 14, 2024
Sumitomo Mitsui Financial Group, Japan's second-largest lender by assets, raised its annual net profit forecast on Thursday to a record 1.16 trillion yen ($7.44 billion) after a 27%
November 14, 2024
Europe's STOXX 600 bounced back with a 1% gain, driven by strong performances in the energy and technology sectors, while positive earnings reports
November 14, 2024
Investors sharply ramped up their short bets on Asian currencies and turned bearish on the Singapore dollar for the first time since early July on rising
November 14, 2024
Mitsubishi UFJ Financial Group, Japan's top lender by assets, on Thursday raised its annual net profit forecast to a record 1.75 trillion yen ($11.23 billion) after second-quarter
November 14, 2024
Computer chip equipment maker ASML, facing the threat of more U.S.-led curbs on trade with China, is upbeat on sales growth over the next five
November 14, 2024
Siemens stock surged on Thursday after the engineering company posted better than expected results and said it was in a good position to navigate mounting global
November 14, 2024
A look at the day ahead in European and global markets from Rae Wee Market movement over the past week or so since Donald Trump won the U.S. presidential election have been characterised by a turbo-
November 14, 2024
U.S. stocks slipped as the market’s big burst following Donald Trump’s election continued to cool
November 14, 2024
Artisan Partners, a U.S.-based investor in Japanese retail giant Seven & i Holdings, called on the company's special committee to consider a bidding process of competing takeover
November 14, 2024
A gauge of global stocks fell for a third straight session on Thursday while the dollar climbed, after U.S. labor market data and comments from Federal Reserve
November 14, 2024
The U.S. dollar strengthened against major peers on Thursday, trading at a one-year high and headed for a fifth straight session of gains, propelled
November 14, 2024
Colombian financial conglomerate Grupo Aval reported on Wednesday a more than six-fold increase in its third-quarter net profit, climbing to 415.7 billion Colombian pesos ($94.18 million).
November 14, 2024
Brazilian state-run lender Banco do Brasil posted on Wednesday an 8.3% increase in its third-quarter adjusted net profit from a year earlier, while it also said
November 13, 2024
Banks raised $23.5 billion by issuing investment-grade bonds on Tuesday, the biggest debt issuance by financial institutions in a single day since the beginning of 2016, as
November 13, 2024
Hedge fund manager Nelson Peltz, who backed president-elect Donald Trump this year, said the election-fueled stock market rally cannot continue
November 13, 2024
Brazilian digital lender Nubank's adjusted net profit more than doubled in the third quarter from year earlier on a foreign-exchange neutral basis, it said on Wednesday, beating
November 13, 2024
The Supreme Court seems likely to keep alive a class-action lawsuit accusing Nvidia of misleading investors about its dependence on selling computer chips for the mining of volatile cryptocurrency
November 13, 2024
Italy on Wednesday raised 1.1 billion euros ($1.16 billion) by selling 15% of bailed-out bank Monte dei Paschi di Siena (MPS),
November 13, 2024
Spirit Airlines shares plunge on bankruptcy speculation
November 13, 2024
U.S. small-cap stocks have surged to near record highs following Donald Trump's presidential election win, but some investors are wary of chasing the rally as
November 13, 2024
Frontier Communications shareholders have approved a $9.6 billion sale to Verizon, the company said on Wednesday, even as a number of large investors sought to get a higher price.
November 13, 2024
Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S.
November 13, 2024
Traders of contracts that settle to the Federal Reserve's policy rate moved Wednesday to price in a firmer chance of another quarter-point interest-rate cut at the central bank's meeting
November 13, 2024
As Wall Street financiers gathered in downtown Manhattan on Wednesday, their optimism about President-elect Donald Trump's deregulatory agenda
November 13, 2024
Donald Trump's presidential election win has forced bond strategists to make a material change in their outlook towards higher longer-dated Treasury yields, a
November 13, 2024
Restaurant chain Cava touched a fresh record high as its shares rose more than 16% at $167.50 in early trading on Wednesday, after it surpassed quarterly earnings
November 13, 2024
The UK's FTSE 100 ended slightly higher on Wednesday as U.S. inflation data was in line with expectations, keeping hopes of rate cuts intact, while defence company Smiths
November 13, 2024
Canada's main stock index rose on Wednesday, led by gains for energy and technology shares, as oil prices climbed and U.S. inflation data supported
November 13, 2024
Shares of Rivian jumped over 15% on Wednesday after the electric vehicle maker announced a $5.8 billion investment from German automaker Volkswagen as part of their joint venture.
November 13, 2024
Canadian supermarket retailer Loblaw Companies missed third-quarter revenue estimates on Wednesday, hurt by a slowdown in the demand for its non-essential goods such as household items and
November 13, 2024
The Dow and the S&P 500 ended slightly higher on Wednesday while the Nasdaq lost ground after October data showed consumer prices rising in line with
November 13, 2024
A look at the day ahead in U.S. and global markets by markets correspondent Naomi Rovnick. The ghosts of inflation past, present and future are haunting global markets on Wednesday as the U.S.
November 13, 2024
European shares ended Wednesday on a dour note, with the STOXX 600 closing at a three-month low as rising energy shares countered real estate losses,
November 13, 2024
Japan's Mizuho Financial Group will take a 15% stake in Rakuten Group subsidiary Rakuten Card for 165 billion yen ($1.06 billion) in a further deepening of the two companies'
November 13, 2024
Europe's biggest meal delivery firm Just Eat Takeaway said on Wednesday it had agreed to sell its U.S. unit Grubhub to Wonder at a steep
November 13, 2024
Siemens Energy has not proposed a dividend for the 2024 fiscal year, citing limitations to its payout policy as a result of obtaining project guarantees last year that are backed by
November 13, 2024
A look at the day ahead in European and global markets from Kevin Buckland The wide-ranging market bets on big fiscal spending, lower taxes and higher tariffs under incoming U.S.
November 13, 2024
U.S. stocks drifted to a mixed finish after the latest inflation update boosted hopes that more help for the economy will arrive next month from another cut to interest rates
November 13, 2024
The chairman of the board of Korea Zinc vowed on Wednesday to make way for an outsider after the firm dropped a plan to issue new shares worth $1.8
November 13, 2024
The U.S. dollar advanced to one-year high against major currencies on Wednesday powered by so-called Trump trades and after U.S. inflation for October came in as
November 13, 2024
Mexico plans to set aside about $6 billion from its 2025 draft budget for heavily indebted national oil company Pemex and would help its debt obligations next year, Bloomberg News reported
November 12, 2024
Singapore Telecommunications posted a 6% rise in underlying net profit for the half-year and gave improved guidance for the full year on Wednesday,
November 12, 2024
Hedge fund Brigade Capital is receiving a $300 million investment from Blackstone to help build its new private credit strategy and expand its
November 12, 2024
A look at the day ahead in Asian markets.
November 12, 2024
Flutter, the world's largest online betting company, nudged up its full-year guidance for the second successive quarter on Tuesday after its non-U.S. brands drove
November 12, 2024
Commonwealth Bank of Australia reported first-quarter cash earnings slightly ahead of market consensus on Wednesday, helped by improved volumes in its home lending and
November 12, 2024
Bridgewater Associates Co-Chief Investment Officer Karen Karniol-Tambour said on Tuesday U.S. stocks are a "good thing" to hold, adding she expects robust
November 12, 2024
The Justice Department and three U.S. states filed a lawsuit on Tuesday to block UnitedHealth Group's $3.3 billion purchase of Amedisys Inc over concern the deal would harm competition in
November 12, 2024
Wall Street is already making big bets on what take two for a White House led by Donald Trump will mean for the economy and markets
November 12, 2024
ValueAct Capital has built a $1-billion stake in Meta Platforms but is not currently pushing for big changes at the Facebook and Instagram parent, a source familiar
November 12, 2024
Activist investor Elliott Investment Management has taken a more than $5 billion stake in Honeywell International and is calling for the industrial conglomerate to split into two separate companies
November 12, 2024
Rental car firm Hertz Global reported a wider-than-expected third-quarter loss and missed revenue estimates on Tuesday, hurt by high depreciation charges from its fleet vehicles, sending
November 12, 2024
Activist investor Elliott Investment Management said Honeywell should split into two separate businesses on Tuesday, following in the footsteps of other industrial
November 12, 2024
Tyson Foods beat Wall Street expectations for fourth-quarter profit on Tuesday and said its rebounding chicken business would limit fallout from ongoing
November 12, 2024
Ermenegildo Zegna's controlling shareholder has raised its stake in the luxury group and intends to increase it further, the company said on Tuesday.
November 12, 2024
Canada's main stock index rose to a record high on Tuesday as gains for technology shares, led by e-commerce company Shopify Inc, offset pressure on resource shares due to a
November 12, 2024
Wall Street's three major indexes closed lower on Tuesday as investors booked some profits from a post-election rally and waited anxiously for U.S
November 12, 2024
Home Depot continued to deal with a pullback in spending from customers in its fiscal third quarter, but it was less severe than in the past, and its performance beat Wall Street’s expectations
November 12, 2024
Home Depot forecast a smaller drop in annual same-store sales on Tuesday, benefiting from resilient demand from professional contractors, as well as a lift from hurricane-
November 12, 2024
A look at the day ahead in U.S. and global markets from Dhara Ranasinghe Almost a week on from the U.S. election and investors are wasting no time betting on who they believe will be the biggest
November 12, 2024
Want to know what Trump will do as president? Look to the market
November 12, 2024
Nasdaq-listed electric vehicle maker VinFast said on Wednesday it will get a fresh round of funding worth 85 trillion dong ($3.35 billion) from its founder and its parent firm, Vingroup by
November 12, 2024
Bank of England Chief Economist Huw Pill said labour market data released earlier on Tuesday showed inflation pressures in Britain remained too high for the BoE's 2% inflation target
November 12, 2024
Brazil's Banco BTG Pactual's third-quarter adjusted net income jumped 15% from the same period last year supported by higher revenue and improved operational leverage.
November 12, 2024
Nissan Motor shares jumped as much as almost 21% on Tuesday after a filing showed activist investor Effissimo Capital Management had taken a stake in the struggling
November 12, 2024
U.S. stocks slipped as juice ran out for the torrid “Trump trade” that swept Wall Street following Donald Trump’s presidential victory
November 12, 2024
A gauge of global stocks declined on Tuesday after advancing for five straight sessions while the dollar hit its highest level in over six months as investors
November 12, 2024
Bitcoin rallied to the verge of $90,000 on Tuesday, riding a wave of euphoria since the election of Donald Trump as U.S. president on
November 12, 2024
The U.S. dollar rose to a 6-1/2-month high against major peers on Tuesday, while bitcoin pared gains after earlier hitting a record high
November 12, 2024
Ticketmaster-parent Live Nation Entertainment beat Wall Street estimates for third-quarter profit on Monday, helped by cost controls, sending its shares up 5.1% in extended trading.
November 11, 2024
By Alden Bentley A look at the day ahead in Asian markets.
November 11, 2024
Chipotle Mexican Grill was sued on Monday by shareholders for concealing how many of its restaurants were skimping on portions, forcing the chain to spend more on
November 11, 2024
As money continues to pour into crypto following Donald Trump’s reelection, bitcoin has climbed to yet another record high
November 11, 2024
Investors are piling into bullish options bets on Tesla shares, with the stock hitting its highest level in more than two years on bets that CEO Elon Musk’s
November 11, 2024
Collapsed cryptocurrency company FTX is suing Binance and its former CEO Changpeng Zhao, alleging that $1.8 billion was "fraudulently transferred" by FTX management to Binance and
November 11, 2024
Canada's main stock index edged higher on Monday as investors remained bullish following the U.S. presidential election, but gains were held in check by a sharp decline in
November 11, 2024
Morgan Stanley's private equity arm is selling its heating, ventilation and air conditioning (HVAC) business, Sila Services, about three years after it invested in the
November 11, 2024
Hedge funds snapped up bank stocks at the quickest clip in three years while taking bets against renewable electricity producers last week, a Goldman Sachs note
November 11, 2024
Tesla shares extended last week's sharp rally with a jump of over 8% on Monday, fueled by bets of the automaker benefiting from CEO Elon Musk's close ties with U.S.
November 11, 2024
Futures tied to Canada's main stock index rose on Monday, mirroring Wall Street peers, with investors focusing on this week's major economic indicators including key U.S. inflation data.
November 11, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan The dollar continues to feed on a mix of post-election tariff and tax cut speculation, China's struggle with deflation and Germany's
November 11, 2024
Wall Street's main indexes notched record high closes on Monday, lifted by stocks expected to benefit from Republican President-elect Donald
November 11, 2024
New bank lending in China tumbled more than expected to a three-month low in October, as a ramp-up of policy stimulus to buttress a wavering economy failed
November 11, 2024
Europe's main stock index logged its best day in six weeks on Monday, with defence stocks in the lead on prospects of higher military spending in
November 11, 2024
China's semiconductor index leapt close to a three-year high on Monday on bets a U.S. order halting Taiwan Semiconductor Manufacturing Co's shipments of advanced chips to Chinese
November 11, 2024
German automotive and industrial supplier Continental cut its annual sales guidance for the second time this year on Monday, citing weak
November 11, 2024
A look at the day ahead in European and global markets from Wayne Cole.
November 11, 2024
Most U.S. stocks rose on Wall Street, but drops for Nvidia and some other heavyweight Big Tech companies kept indexes in check
November 11, 2024
Wall Street kicked off a busy week on Monday by holding on to gains from the surge in stocks that followed Donald Trump's U.S. election victory, while oil prices
November 11, 2024
Bitcoin surged to a record above $87,000 on Monday in a blistering rally amid expectations cryptocurrencies will thrive in a
November 11, 2024
Oil prices fell by more than 2% on Monday after China's latest stimulus plan disappointed investors seeking demand growth in the world's second-biggest oil consumer,
November 11, 2024
As things currently stand, there is no reason for the European Central Bank not to cut interest rates in December but the decision will be based on the data available then, ECB
November 10, 2024
Investors are increasingly factoring what potential Republican control of government could mean for stocks, bonds and currencies, even as the first feverish
November 08, 2024
Trump just made $500 million with a single Truth Social post
November 08, 2024
Markets just had their best week all year
November 08, 2024
China hardliners in Congress are calling on the world's foremost semiconductor equipment makers - KLA, LAM, Applied Materials, Tokyo
November 08, 2024
The S&P 500 briefly touched the psychologically significant 6,000 mark for the first time on Friday, building on a sharp rally after Donald Trump
November 08, 2024
EOG Resources said on Friday its debt levels in the near term would put the oil and gas producer in a position to allocate more than 100% of free-cash-flow for shareholder
November 08, 2024
Stellantis added to its rising tally of layoffs on Friday, saying 400 workers at a Detroit automotive parts facility would indefinitely lose their jobs as the
November 08, 2024
Tesla's market value closed above the $1 trillion mark in a sharp rally on Friday, on expectations that CEO Elon Musk's companies will get favorable treatment under
November 08, 2024
NRG Energy beat third-quarter core profit estimates on Friday due to lower supply costs across its service territories, and raised its 2024 profit outlook, sending its shares up over 3%
November 08, 2024
European banks face an even tougher task to close an earnings gap on U.S. rivals, as Wall Street awaits a new era of financial deregulation
November 08, 2024
Shares of CNH Industrial fell more than 10% premarket on Friday, after the farm and construction equipment maker missed third-quarter profit estimates and cut its 2024 profit forecast due
November 08, 2024
Investors hoping China would announce extra fiscal buffers for an economy girding for another Donald Trump presidency were disappointed
November 08, 2024
A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street's S&P500 looks poised to test 6,000 for the first time as the Federal Reserve underscored a post-election stock surge
November 08, 2024
Brazilian planemaker Embraer raised its projected adjusted earnings before interest and taxes margin for 2024 to between 9% and 10%, from the previous 6.5%-7.5% range, it said on
November 08, 2024
Donald Trump's sweep to victory in the U.S. presidential election has ignited the so-called "Trump trade", with the dollar, crypto and U.S. stocks all surging, as investors assess the
November 08, 2024
Thailand plans to increase the daily minimum wage to 400 baht ($11.76) next year, Labour Minister Pipat Ratchakitprakarn said on Friday. "It will be a new year present," he said.
November 08, 2024
The S&P 500 briefly surpassed the 6,000 mark and closed with its biggest weekly percentage gain in a year, as Donald Trump's election victory and a possible
November 08, 2024
Europe's benchmark STOXX 600 logged its third consecutive week of declines on Friday, hurt by underwhelming stimulus measures from China as well as
November 08, 2024
Cartier owner Richemont missed first half profit forecasts and remained cautious about a recovery in China on Friday, sparking a sell-off in
November 08, 2024
A look at the day ahead in European and global markets from Friday The prospects for both big fiscal spending and continued monetary easing in the world's biggest economy make for a powerful cocktail,
November 08, 2024
Prospects of a near-term rebound in the $28-trillion U.S. government bond market are faltering, as Donald Trump’s return to the White House
November 08, 2024
U.S. stocks cruised to more records as they closed their best week in a year
November 08, 2024
The U.S.
November 08, 2024
Private equity firm KKR has become the largest shareholder in Japanese software developer Fuji Soft after completing the first stage of a two-part tender offer, KKR said in a statement on
November 08, 2024
The dollar rose on Friday and was heading for a weekly gain as investors evaluated the likely impact on the American economy of Tuesday’s election of
November 08, 2024
Nissan Motor shares slumped 6% in Tokyo trade on Friday, a day after the Japanese automaker said it would cut 9,000 jobs and 20% of its manufacturing capacity as it struggles with
November 08, 2024
Monster Beverage missed Wall Street estimates for third-quarter sales and profit on Thursday, as cost-conscious consumers cut back spending on its higher-priced beverages.
November 07, 2024
Shares of Nvidia rallied to a record high on Thursday, making the chipmaker the first company in history to surpass a stock market value of $3.6 trillion as Wall Street
November 07, 2024
Payments firm Block reported third-quarter revenue below Wall Street expectations on Thursday, signaling softer consumer spending and overshadowing
November 07, 2024
Versace-parent Capri Holdings posted a bigger-than-expected drop in quarterly revenue on Thursday, hurt by execution missteps across brands and a global slowdown in
November 07, 2024
Rivian said on Thursday it was on track to turn a gross profit in the fourth quarter helped by cost cuts and a sharp increase in sales of green car credits,
November 07, 2024
Lucid beat Wall Street expectations for third-quarter revenue on Thursday and reiterated its annual production forecast as it benefits from strong demand for its luxury electric sedans.
November 07, 2024
ANZ, Australia's No. 4 lender by mortgages, said annual profit tumbled as fierce competition ate away margins while late loan repayments surged,
November 07, 2024
Futures on the federal funds rate, which measure the cost of unsecured overnight loans between banks, priced in on Thursday another 25-basis-point rate
November 07, 2024
Goldman Sachs promoted 95 bankers to its elite partner ranks, including 26 women, the Wall Street giant said on Thursday.
November 07, 2024
The Federal Reserve cut interest rates by a quarter of a percentage point on Thursday as policymakers took note of a job market that has "generally eased" while inflation continues to move
November 07, 2024
Swiss Finance Minister Karin Keller-Sutter said she had on Thursday discussed the outlook for banking regulation in the United States with her British counterpart Rachel Reeves
November 07, 2024
The average rate on a 30-year mortgage in the U.S. rose for the sixth straight week, returning to its highest level since early July
November 07, 2024
Shares of Trump Media & Technology Group slumped to a two-week low on Thursday, as speculative bets on Donald Trump winning the U.S. presidential election lost steam a day after his
November 07, 2024
U.S. wholesale inventories fell more than initially thought in September amid a sharp decline in motor vehicle stocks.
November 07, 2024
Major brokerages reiterated their view of a 25-basis-point (bp) interest-rate cut by the U.S.
November 07, 2024
WK Kellogg beat Wall Street estimates for third-quarter revenue and profit on Thursday, driven by robust consumer demand for its ready-to-eat cereals, including Froot Loops and Apple Jacks
November 07, 2024
Hershey trimmed its annual revenue and profit forecasts on Thursday after missing Wall Street estimates for third-quarter, as repeated price hikes have dampened demand for its chocolates,
November 07, 2024
Tesla shares surged on Donald Trump’s presidential victory, increasing the net worth of the world’s richest man.
November 07, 2024
Sterling rallied sharply on Thursday, solidifying its position as the best performing major currency of 2024, while UK-focussed stocks rose after
November 07, 2024
Warner Bros Discovery CEO David Zaslav anticipates a friendlier environment for deal-making under the incoming Trump administration, opening
November 07, 2024
Britain imposes asset freeze, travel ban on Angola's Isabel dos Santos
AI will force tech investors to become macro aware: Wang
ICC issues arrest warrants for Israel's Netanyahu, Gallant and Hamas leader
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