Today: December 03, 2024
Today: December 03, 2024

Stock Markets

Australia|Business|Economy|Finance|Stock Markets|US

Anglo to sell Australian coal mines to Peabody for up to $3.78 billion

Anglo American agreed on Monday to sell its remaining Australian steelmaking coal mines to Peabody Energy for up to $3.78 billion in

Anglo to sell Australian coal mines to Peabody for up to $3.78 billion
Business|Europe|Finance|Stock Markets|US

Bonds rally, dollar dips on Treasury choice

A look at the day ahead in European and global markets from Wayne Cole Asia has been dominated by the market reaction to the choice of fund manager Scott Bessent as incoming U.S.

Bonds rally, dollar dips on Treasury choice
Business|Europe|Finance|Stock Markets

UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash

Italy's UniCredit on Monday launched a surprise 10 billion euro ($11 billion) bid for domestic peer Banco BPM, which CEO Andrea

UniCredit irks Rome with $11 billion Banco BPM swoop after German backlash
Business|Economy|Finance|Stock Markets

Oil falls more than $2 a barrel on possible Middle East peace deal

Oil prices fell more than $2 a barrel on Monday after multiple reports that Israel and Lebanon had agreed to the terms of a deal to end the Israel-Hezbollah conflict,

Oil falls more than $2 a barrel on possible Middle East peace deal
Business|Finance|Stock Markets|US

Stocks climb with bonds, dollar dips as markets cheer US Treasury pick

MSCI's global equities gauge rose and U.S. government bonds rallied while the dollar fell on Monday as investors welcomed the incoming U.S

Stocks climb with bonds, dollar dips as markets cheer US Treasury pick
Economy|Finance|Stock Markets|US

Dollar eases as Treasuries rally on Bessent Treasury nomination

The dollar backpedaled from two-year highs on Monday, while U.S.

Dollar eases as Treasuries rally on Bessent Treasury nomination
Australia|Business|Economy|Finance|Stock Markets

Australia watchdog, wary of slowing job market, maintains tight home loan rule

Australia's banking regulator on Monday said it would retain a 3% serviceability buffer for home loan lending because of high household debt, persistent cost-of-living pressures, a

Australia watchdog, wary of slowing job market, maintains tight home loan rule
Business|Economy|Finance|Stock Markets

Goldman funds to take $900 million hit on Northvolt, FT reports

Funds managed by Goldman Sachs will write off nearly $900 million after Swedish lithium-ion battery producer Northvolt filed for Chapter 11 bankruptcy earlier this week, Britain's

Goldman funds to take $900 million hit on Northvolt, FT reports
Business|Finance|Stock Markets

Adani Energy Solutions says no material impact from Kenya energy deal cancellation

Adani Energy Solutions said on Saturday that Kenya's cancellation of a $736 million transmission line project did not require it to make any regulatory disclosure under Indian stock

Adani Energy Solutions says no material impact from Kenya energy deal cancellation
Asia|Business|Economy|Finance|Stock Markets

Seven & i founding family sounded out KKR, others about buyout, Nikkei says

The founding family of Japan's Seven & i Holdings has approached KKR & Co and other investment firms about participating in the potential buyout of the retailer, the Nikkei newspaper

Seven & i founding family sounded out KKR, others about buyout, Nikkei says
Business|Economy|Finance|Stock Markets

Three BofA bankers in India leave amid probe into stock sale, source says

Three Bank of America investment bankers in India have left the company as it probes allegations of wrongdoing over stock sales, a source familiar with the matter said.

Three BofA bankers in India leave amid probe into stock sale, source says
Business|Finance|Stock Markets|US

CoreWeave targets valuation of over $35 billion in 2025 US IPO, sources say

Artificial intelligence cloud platform CoreWeave, is aiming for a valuation of more than $35 billion in its U.S. initial public offering that is expected to occur

CoreWeave targets valuation of over $35 billion in 2025 US IPO, sources say
Business|Finance|Stock Markets|US

Fund manager Bessent scores double on Trump victory

As a money manager, Scott Bessent's years of inconsistent performance have contributed to a nearly 90% decline in his hedge fund's

Fund manager Bessent scores double on Trump victory
Business|Entertainment|Finance|Stock Markets|Technology|US

Netflix set for biggest weekly gain since January after Paul-Tyson fight

Netflix shares were on track for a fifth consecutive gain on Friday and set for their biggest weekly percentage rise since January, after the streaming

Netflix set for biggest weekly gain since January after Paul-Tyson fight
Business|Economy|Europe|Finance|Stock Markets

Northvolt crisis may be make or break for Europe's EV battery ambitions

Northvolt's financial collapse deals a blow to Europe's plan to set up its own battery industry to power electric cars,

Northvolt crisis may be make or break for Europe's EV battery ambitions
Americas|Business|Economy|Finance|Stock Markets|US

Trading in Mexican retailer Elektra again suspended

Mexico's main stock exchange on Friday reinstated a trading suspension on retailer Elektra before shares changed hands, with Elektra warning that any trading would harm its

Trading in Mexican retailer Elektra again suspended
Finance|Stock Markets|US

Wall Street closes higher after business activity data

Wall Street closed higher on Friday, with all three major indexes posting weekly gains, as investors took comfort from data pointing to robust

Wall Street closes higher after business activity data
Business|Fashion and Beauty|Stock Markets

Gap surges as upbeat sales estimates signal promising start to holiday season

Gap shares soared 16% on Friday, as a return to growth across all four brands after nearly two years encouraged the apparel retailer to lift its annual sales

Gap surges as upbeat sales estimates signal promising start to holiday season
Economy|Finance|Stock Markets|US|World

Global equity funds' weekly inflows slow on geopolitical tensions

Inflows into global equity funds slowed in the week ending Nov. 20 due to geopolitical tensions between Russia and the West, with investors also anxious about the U.S. interest rate policy

Global equity funds' weekly inflows slow on geopolitical tensions
Asia|Business|Crime|Economy|Finance|Stock Markets|US

US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men

Indian tycoon Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery

US bribery and fraud charges are a big test yet for India's Adani, one of Asia's richest men
Europe|Finance|Stock Markets|Technology

STOXX 600 jumps over 1% to one-week high on real-estate boost

European real estate stocks surged, propelling the benchmark index to a one-week high on Friday, while easing of

STOXX 600 jumps over 1% to one-week high on real-estate boost
Business|Finance|Stock Markets|Technology

Bitcoin at record highs, sets sights on $100,000

Bitcoin touched a record high on Friday, with its sights set firmly on the $100,000 barrier, in a stellar rally for the

Bitcoin at record highs, sets sights on $100,000
Europe|Finance|Stock Markets

Record 2025 bond sales risk higher euro zone borrowing costs

Investors will have to buy a record amount of euro zone government bonds for a third straight year in 2025 and without the ECB in the market, potentially adding

Record 2025 bond sales risk higher euro zone borrowing costs
Business|Europe|Finance|Stock Markets

Bitcoin watch party rages on as PMIs loom

A look at the day ahead in European and global markets from Ankur Banerjee A series of manufacturing data will likely dominate markets' attention on Friday, with the euro rooted near its lowest in

Bitcoin watch party rages on as PMIs loom
Business|Economy|Finance|Stock Markets

S&P lowers outlook on three Adani units after US indictment of founder

S&P Global Ratings lowered its outlook on three Adani Group entities to 'negative' from 'stable' on Friday, citing risks to funding access following a U.S. indictment of the conglomerate's

S&P lowers outlook on three Adani units after US indictment of founder
Asia|Business|Economy|Finance|Stock Markets

Stock market today: Wall Street gains ground as it notches a winning week and another Dow record

Stocks closed higher on Wall Street, giving the market its fifth gain in a row and notching another record high for the Dow Jones Industrial Average

Stock market today: Wall Street gains ground as it notches a winning week and another Dow record
Business|Crime|Economy|Finance|Stock Markets|US|World

Adani Group firms' shares fall for second session after US indictments

Adani Group companies' shares fell for a second straight day on Friday after U.S. prosecutors charged the Indian conglomerate's billionaire chairman in an alleged bribery and fraud scheme.

Adani Group firms' shares fall for second session after US indictments
Economy|Finance|Stock Markets

Tokyo inflation likely exceeded BOJ's 2% target again in November - Reuters poll

Consumer inflation in Tokyo for November likely surpassed the Bank of Japan's 2% price target following a reduction in fuel subsidies and with an increase in food costs, a Reuters

Tokyo inflation likely exceeded BOJ's 2% target again in November - Reuters poll
Business|Economy|Finance|Stock Markets|US

Dollar climbs, euro weakens to two-year low after PMI data

The euro slumped to a two-year low while the dollar gained on Friday after gauges of business activity were released in each region, while bitcoin again hit a

Dollar climbs, euro weakens to two-year low after PMI data
Business|Economy|Election|Finance|Stock Markets|US

Trump's return could extend US stocks' dominance over global rivals

U.S. stocks are extending their lead over global peers and some investors believe that dominance could grow if President-elect Donald Trump can implement his

Trump's return could extend US stocks' dominance over global rivals
Business|Finance|Stock Markets

Gap lifts annual sales target on 'strong' holiday demand; shares soar

Gap Inc raised its annual sales forecast on Thursday and said the holiday season was off to a "strong start", sending the Old Navy parent's shares up 15% in extended

Gap lifts annual sales target on 'strong' holiday demand; shares soar
Business|Finance|Stock Markets|US

Medical supply firm Medline aims to raise over $5 billion in 2025 IPO, sources say

Private equity-owned Medline Industries is aiming to raise more than $5 billion in its U.S. initial public offering expected to occur in 2025, people familiar with the

Medical supply firm Medline aims to raise over $5 billion in 2025 IPO, sources say
Business|Economy|Europe|Finance|Stock Markets

Russian central bank to restrict some new corporate loans as debt burdens climb

Russia's central bank on Thursday said it planned to set a surcharge for banks when issuing new loans to large firms with a high debt burden, as the regulator looks to limit credit

Russian central bank to restrict some new corporate loans as debt burdens climb
Business|Economy|Finance|Stock Markets|US

US existing home sales rebound in October

U.S. existing home sales rebounded sharply in October, posting the first annual gain since mid-2021, as buyers rushed into the market to take advantage of a brief decline in

US existing home sales rebound in October
Business|Economy|Finance|Stock Markets|World

Bank of Israel to leave rates steady, talk of hikes eases up: Reuters poll

The Bank of Israel is expected to hold the line on short-term interest for a seventh straight policy meeting next week, with a stabilisation in inflation

Bank of Israel to leave rates steady, talk of hikes eases up: Reuters poll
Business|Finance|Stock Markets|Technology

Snowflake shares surge on rosy forecast, AI deal with Anthropic

Snowflake's shares surged more than 28% on Thursday after the data analytics provider raised its annual product revenue forecast, signaling growing demand for cloud-based data storage and

Snowflake shares surge on rosy forecast, AI deal with Anthropic
Business|Fashion and Beauty|Finance|Stock Markets

Elf Beauty says short-seller Muddy Waters' claims are 'without merit'

Elf Beauty said on Thursday allegations by short-seller Muddy Waters about the beauty company overstating its revenue and inventory numbers were "without merit".

Elf Beauty says short-seller Muddy Waters' claims are 'without merit'
Africa|Business|Economy|Finance|Stock Markets

South African central bank plays it safe with 25 bps cut

South Africa's central bank opted for another small cut to its main interest rate on Thursday, stressing a tough global

South African central bank plays it safe with 25 bps cut
Europe|Finance|Stock Markets|US

ECB warns of 'sizeable' hit to growth from a trade war

Global economic output would suffer a "sizeable" loss if trade became more fragmented and an immediate boost to inflation would only fade over a few years, the European

ECB warns of 'sizeable' hit to growth from a trade war
Economy|Finance|Stock Markets|World

Turkey's central bank holds rate steady, market eyes December cut

Turkey's central bank held its policy rate steady at 50% on Thursday, as expected, and said it remained attentive to inflation risks, while

Turkey's central bank holds rate steady, market eyes December cut
Business|Finance|Stock Markets|US

Nvidia sees past triple-digit growth

A look at the day ahead in U.S. and global markets from Mike Dolan There's not too much to worry about at the world's most valuable company - or the artificial intelligence theme - but just conceding

Nvidia sees past triple-digit growth
Business|Economy|Finance|Stock Markets|US

Deere's profit beat overshadows tepid 2025 outlook, shares rise

Deere & Co forecast its 2025 profit below market expectations but reported an upbeat quarterly earnings on Thursday, as lower production costs helped

Deere's profit beat overshadows tepid 2025 outlook, shares rise
Business|Finance|Stock Markets|US

Wall Street closes higher as Dow, S&P hit one-week tops

Wall Street's main indexes closed higher after choppy trading on Thursday, with the blue-chip Dow and the S&P 500 hitting one-week tops.

Wall Street closes higher as Dow, S&P hit one-week tops
Asia|Business|Finance|Stock Markets|Technology

Alibaba combines e-commerce arms to tackle growing competition

Alibaba Group will integrate its domestic Chinese and international e-commerce platforms into a single business unit run by one leader for the first time, the company

Alibaba combines e-commerce arms to tackle growing competition
Europe|Finance|Stock Markets

STOXX 600 snaps four-day losing streak on energy, tech boost

Europe's main stock index edged up on Thursday, buoyed by a rally in energy and tech stocks that ended its longest losing streak in more

STOXX 600 snaps four-day losing streak on energy, tech boost
Business|Economy|Finance|Stock Markets|US

Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon

By Krishna N.

Gautam Adani, indicted in US, is a controversial first-generation Indian tycoon
Asia|Business|Economy|Finance|Stock Markets|US

US hedge funds pile into China's JD.com, GDS: Goldman

U.S. hedge funds raised their investments in U.S.-listed Chinese firms in the third quarter, with e-commerce retailer JD.com and data centre operator GDS Holdings

US hedge funds pile into China's JD.com, GDS: Goldman
Business|Economy|Europe|Finance|Stock Markets

VW union signals strikes in December but talks continue

Volkswagen's union said it was gearing up for strikes across German factories from Dec. 1 after talks over wages and

VW union signals strikes in December but talks continue
Business|Europe|Finance|Stock Markets|Technology

Nvidia disappoints, bitcoin nears $100K

A look at the day ahead in European and global markets from Ankur Banerjee The prospect of slowing sales growth at AI juggernaut Nvidia and simmering worries over geopolitical tensions are keeping

Nvidia disappoints, bitcoin nears $100K
Asia|Business|Economy|Finance|Stock Markets|US

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000

U.S. stocks climbed after market superstar Nvidia and another round of companies said they’re making even fatter profits than expected

Stock market today: Wall Street rises with Nvidia as bitcoin bursts above $99,000
Asia|Australia|Business|Finance|Stock Markets

GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani

GQG Partners, which has a near 20% stake in India's Adani Group, saw its Australia-listed shares plunge 23% on Thursday after Gautam Adani, the conglomerate's chair, was indicted in the

GQG Partners' stock plunges over 20% on US bribe, fraud charges against India's Adani
Business|Finance|Stock Markets|US

US indictments scythe $27 billion off value of India's Adani Group firms

Adani Group companies lost about $27 billion in market value on Thursday after U.S. prosecutors charged the Indian conglomerate's

US indictments scythe $27 billion off value of India's Adani Group firms
Asia|Business|Finance|Stock Markets|Technology

Stocks rise as markets digest Nvidia results, bitcoin nears $100,000 threshold

An index of global stock markets edged higher in choppy trading on Thursday as investors digested lackluster revenue forecasts from artificial-

Stocks rise as markets digest Nvidia results, bitcoin nears $100,000 threshold
Stock Markets|Technology|US

Bitcoin approaches $100,000 on optimism over Trump crypto plans

Bitcoin came within a whisker of closing above $100,000 for the first time on Thursday as the election of

Bitcoin approaches $100,000 on optimism over Trump crypto plans
Business|Finance|Stock Markets

Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say

Bain-backed Kioxia will have a market value of about 750 billion yen ($4.84 billion) based on the indicative price for its initial public offering,

Kioxia market value set at $5 billion, Japan chipmaker to receive listing approval, sources say
Asia|Business|Crime|Finance|Stock Markets

Adani dollar bonds tumble after US bribery charges

Dollar bond prices for Adani companies fell sharply in early Asia trade on Thursday after the Indian conglomerate's billionaire chairman was indicted in New York over allegations

Adani dollar bonds tumble after US bribery charges
Business|Crime|Finance|Stock Markets|US

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud

The founder of Archegos Capital Management, a hedge fund, has been sentenced to 18 years in prison for his conviction in a securities and market manipulation fraud that prosecutors say cost global investment banks billions of dollars

Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
Business|Finance|Stock Markets|Technology

Snowflake lifts product revenue forecast, enters AI deal with Anthropic

Data analytics provider Snowflake on Wednesday raised its annual product revenue forecast and said it has teamed up with AI firm Anthropic to build up its cloud services, sending its shares

Snowflake lifts product revenue forecast, enters AI deal with Anthropic
Business|Finance|Stock Markets

Elf Beauty stock slides after Muddy Waters says it has shorted its shares

Muddy Waters has taken a short position in cosmetics company Elf Beauty, the hedge fund's chief executive Carson Block said at the Sohn conference in London on

Elf Beauty stock slides after Muddy Waters says it has shorted its shares
Business|Finance|Stock Markets|US

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports

Goldman Sachs CEO David Solomon expects capital markets to be more robust in 2025, he said in an interview with CNBC on Wednesday, joining a wave of positive forecasts as inflation eases

Goldman Sachs CEO Solomon sees robust capital markets next year, CNBC reports
Business|Economy|Europe|Finance|Stock Markets|US

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe

Ford to cut 4,000 jobs in Europe
Business|Finance|Stock Markets|Technology

Firstrade to offer overnight trading, joins growing list of US brokerages

Online brokerage Firstrade plans to launch overnight trading in early 2025, the latest firm looking to offer retail clients the chance to trade US stocks and exchange-

Firstrade to offer overnight trading, joins growing list of US brokerages
Business|Europe|Finance|Stock Markets

Ford to cut European jobs as EV shift, Chinese rivals take toll

Ford said it would cut around 14% of its European workforce on Wednesday, blaming losses in recent years due to weak electric vehicle demand

Ford to cut European jobs as EV shift, Chinese rivals take toll
Asia|Business|Finance|Stock Markets

Top 20 global family-owned retail businesses

Japan's Seven & i Holdings received a buyout proposal from a member of its founding Ito family last week, a potential $58 billion white-knight bid which

Top 20 global family-owned retail businesses
Africa|Business|Economy|Finance|Stock Markets

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official

Kenya has secured a $200 million loan from the African Development Bank and is in talks with the World Bank for a new $750 million loan, the finance ministry's head

Kenya in talks for fresh $750 million from World Bank, $200 million from AfDB, says official
Business|Finance|Stock Markets|Technology

TSX stops short of record high as investors await fresh catalyst

Canada's main stock index inched higher on Wednesday as gains for energy shares offset investor reluctance to make big bets ahead of the release after the close of an

TSX stops short of record high as investors await fresh catalyst
Business|Economy|Finance|Stock Markets|US

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus

Delta Air Lines said on Wednesday it expects 2025 revenue to grow by a mid single-digit percentage as it strengthens its bet on premium travel, a major revenue driver for the carrier.

Delta Air eyes mid single-digit revenue growth in 2025 with premium travel in focus
Business|Finance|Stock Markets|US

Target shares slide 21% as retailer expects stagnant holiday quarter sales

Target forecast holiday-quarter comparable sales and profit below estimates on Wednesday as value-conscious consumers shopped for low-priced essentials at rival retailers

Target shares slide 21% as retailer expects stagnant holiday quarter sales
Business|Stock Markets|Technology|US

Wall Street ends mixed, Nvidia shares slip after the bell

The tech-heavy Nasdaq closed lower on Wednesday, taking a break from the prior session's rally as investors worried about escalating Russia-Ukraine tensions and weak

Wall Street ends mixed, Nvidia shares slip after the bell
Business|Finance|Stock Markets|Technology|US

Nvidia vigil sees risk overcome safety

A look at the day ahead in U.S. and global markets from Mike Dolan Tuesday's geopolitical angst faded fast in world markets as positioning ahead of today's results from AI-giant Nvidia saw Big Tech

Nvidia vigil sees risk overcome safety
Business|Finance|Stock Markets|US

Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud

Former billionaire investor Sung Kook "Bill" Hwang was sentenced to 18 years in prison on Wednesday over the collapse of Archegos Capital

Archegos' Bill Hwang sentenced to 18 years in prison for massive US fraud
Europe|Finance|Stock Markets|Technology

ECB warns of 'bubble' in AI stocks as funds deplete cash buffers

The European Central Bank warned on Wednesday about a "bubble" in stocks related to artificial intelligence (AI), which could burst abruptly if investors' rosy expectations are

ECB warns of 'bubble' in AI stocks as funds deplete cash buffers
Europe|Finance|Stock Markets

Europe's STOXX 600 flat in volatile trading; real estate weighs

Europe's main stock index closed flat after a volatile session on Wednesday as investors remained on edge over geopolitical

Europe's STOXX 600 flat in volatile trading; real estate weighs
Asia|Business|Finance|Stock Markets

China's cashed-up crowd is back in the stock market

Speculative fever in Chinese stocks is running red hot and catching the attention of some global funds, who figure local money is worth

China's cashed-up crowd is back in the stock market
Business|Finance|Stock Markets|Technology

STMicroelectronics delays financial targets, CEO says governments distorting markets

Computer chip maker STMicroelectronics pushed back its long-term financial targets on Wednesday, saying its future remains bright but a downturn in its

STMicroelectronics delays financial targets, CEO says governments distorting markets
Business|Europe|Finance|Stock Markets|Technology

British inflation set to dominate before Nvidia

A look at the day ahead in European and global markets from Stella Qiu Trading was subdued in Asia with everyone waiting for the earnings results of AI darling Nvidia, the world's most valuable

British inflation set to dominate before Nvidia
Asia|Business|Economy|Finance|Stock Markets

China funds slash ETF fees, escalating price war in booming market

Major Chinese fund companies announced a big reduction in fees for a batch of equity exchange-traded funds (ETFs) on Wednesday, intensifying price competition in the

China funds slash ETF fees, escalating price war in booming market
Asia|Business|Economy|Finance|Stock Markets

How far could the Bank of Japan raise interest rates?

The Bank of Japan is laying the groundwork to raise interest rates again, but has left markets guessing how soon and at what pace it could push up still-low borrowing

How far could the Bank of Japan raise interest rates?
Economy|Finance|Stock Markets|US

Investors lift US dollar, focus on Federal Reserve outlook

The U.S. dollar rose on Wednesday, renewing its post-election rally after a three-session decline as investors looked for more insight on the Federal Reserve's

Investors lift US dollar, focus on Federal Reserve outlook
Asia|Business|Finance|Stock Markets|Technology

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results

Global shares edged lower on Wednesday as markets weighed tensions between Russia and the West, while bitcoin hit a new record high and

Stocks lose ground amid geopolitical tensions, lukewarm Nvidia results
Asia|Business|Economy|Finance|Stock Markets|Technology

Alibaba raises $5 billion in dual currency bond deal

Alibaba has raised $5 billion in a dual-currency bond, China's biggest e-commerce company said on Wednesday, marking the largest deal of its kind in the Asia-Pacific this

Alibaba raises $5 billion in dual currency bond deal
Asia|Business|Economy|Finance|Stock Markets

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources

Funding for the proposed buyout of Japan's Seven & i Holdings by its founding family will be finalised by the end of December and will involve Japan's

Funding for Seven & i founding family buyout will be finalised by end Dec, say sources
Asia|Business|Finance|Stock Markets|Technology

Kadokawa shares surge after news of Sony acquisition talks

Japanese media powerhouse Kadokawa said on Wednesday it had received a letter of intent to buy its shares, a day after a Reuters report that Sony was in talks to acquire

Kadokawa shares surge after news of Sony acquisition talks
Business|Finance|Stock Markets|Technology

Nokia's US shares rise after T-Mobile says no plans to stop partnership

U.S.-listed shares of Nokia jumped around 5% in extended trading on Tuesday after T-Mobile said it has no plans to stop working with the Finnish company in a response to an analyst report

Nokia's US shares rise after T-Mobile says no plans to stop partnership
Business|Finance|Stock Markets|US

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules

A federal judge on Tuesday rejected Pfizer's bid to recoup about $75.2 million left over from a U.S.

Pfizer cannot recoup $75 million from SEC insider trading settlement, judge rules
Business|Election|Finance|Stock Markets|US

What to know about Howard Lutnick, Trump's pick for commerce secretary

President-elect Donald Trump has chosen Howard Lutnick, head of brokerage and investment bank Cantor Fitzgerald and cryptocurrency enthusiast, as his nominee for commerce secretary

What to know about Howard Lutnick, Trump's pick for commerce secretary
Business|Economy|Election|Finance|Stock Markets|US

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce

President-elect Donald Trump has tapped billionaire professional wrestling mogul Linda McMahon to be secretary of the Education Department, tasked with overseeing an agency Trump has promised to dismantle

Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce
Economy|Europe|Stock Markets|World

Stocks shrug off concerns about heightened US-Russia tensions

Stocks shrug off concerns about heightened US-Russia tensions

Stocks shrug off concerns about heightened US-Russia tensions
Business|Economy|Finance|Stock Markets

Risk assets may be entering 'danger zone': McGeever

Even bulls now admit that U.S. stocks and credit are expensive.

Risk assets may be entering 'danger zone': McGeever
Business|Economy|Europe|Finance|Stock Markets|Technology

Sweden has no plans to take stake in Northvolt, deputy PM says

The Swedish government does not plan to take a stake in lithium-ion battery maker Northvolt, Deputy Prime Minister Ebba Busch told Reuters on Tuesday as the company continues to

Sweden has no plans to take stake in Northvolt, deputy PM says
Business|Finance|Stock Markets|Technology|US

Robinhood to acquire TradePMR for $300 million to boost advisory business

Retail trading platform Robinhood Markets will acquire portfolio management platform TradePMR in a cash-and-stock deal for about $300 million, the companies said on Tuesday.

Robinhood to acquire TradePMR for $300 million to boost advisory business
Business|Finance|Stock Markets|US

Medtronic lifts annual profit view on steady demand for medical devices

Medtronic lifted the lower end of its annual profit forecast for a second time on Tuesday, banking on sustained demand for its medical devices in the United

Medtronic lifts annual profit view on steady demand for medical devices
Economy|Finance|Stock Markets

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll

The Bank of England will keep Bank Rate on hold in December as global inflation worries resurface, according to a Reuters poll of economists who were split

Bank of England to cut rates gradually as the world braces for Trump's tariffs: Reuters poll
Economy|Stock Markets|US|World

S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast

The Nasdaq rose more than 1% and S&P 500 also ended higher on Tuesday, led by a jump in technology shares as investors eagerly awaited results this week

S&P 500, Nasdaq end up with Nvidia; Walmart hits record after forecast
Business|Finance|Stock Markets|US

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs

Lowe's Cos forecast a slower-than-expected drop in annual comparable sales on Tuesday, banking on a boost to its current-quarter sales from hurricane-related demand,

Lowe's same-store sales forecast boosted by hurricane recovery; muted DIY spend weighs
Business|Finance|Stock Markets|Technology|US

Nvidia's options primed for $300-billion price swing after earnings

Options traders are primed for a nearly $300-billion swing in Nvidia's market value following the chipmaker's quarterly results on Wednesday, U.S. options

Nvidia's options primed for $300-billion price swing after earnings
Asia|Business|Finance|Stock Markets

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says

The founding Ito family behind Japanese retailer Seven & i aims to raise more than 8 trillion yen ($52 billion) to take it private by the end of this financial year, Japanese public

Seven & i founding family aims to raise $52 billion for buyout this year, NHK says
Asia|Business|Finance|Stock Markets|Technology

China's Xpeng says no impact from US curbs on its Turing AI chip output

Chinese electric vehicle maker Xpeng said mass production of its Turing self-designed artificial intelligence chip was progressing well, dismissing concerns it could be hit by new U.S.

China's Xpeng says no impact from US curbs on its Turing AI chip output
Economy|Europe|Stock Markets

European stocks sink as investors flock to safety amid geopolitical jitters

Europe's main stock index touched its lowest level in three months on Tuesday, as escalating geopolitical tensions, fuelled

European stocks sink as investors flock to safety amid geopolitical jitters
Business|Economy|Finance|Stock Markets

UK fund managers pay more to hedge in 2024, MillTechFX survey says

More UK fund managers say they've paid higher costs in 2024 to protect their investment portfolios against fluctuations in currency markets, according to survey

UK fund managers pay more to hedge in 2024, MillTechFX survey says
Asia|Finance|Stock Markets

Stock market today: Nvidia helps pull US indexes higher

Nvidia helped pull U.S. stock indexes higher after they stumbled in the morning on worries about escalations in the Russia-Ukraine war

Stock market today: Nvidia helps pull US indexes higher
Business|Economy|Finance|Stock Markets|US

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley

Goldman Sachs has forecast the S&P 500 index would reach 6,500 by the end of 2025, joining peer Morgan Stanley, on the back of continued growth in the U.S. economy and

Goldman Sachs forecasts S&P 500 target of 6500 for 2025-end, joins Morgan Stanley
Asia|Business|Economy|Europe|Finance|Stock Markets

Traders focus on Fed as key Trump picks awaited

A look at the day ahead in European and global markets from Kevin Buckland Signs are positive for European stocks' open, with futures pointing up, and equity indices across most of Asia also in the

Traders focus on Fed as key Trump picks awaited
Business|Economy|Finance|Stock Markets

Investors reload rate hike bets in Japan

Investors are betting a slide in the yen will force a hawkish shift at the Bank of Japan and are shorting bonds, buying bank shares and bracing for rates to rise

Investors reload rate hike bets in Japan
Asia|Business|Economy|Finance|Stock Markets

EM stocks rally; Manila, Bangkok up on rate-cut bets

Emerging Asian stock markets rallied on Tuesday, with Bangkok and Manila trading higher on expectations of rate cuts in the near future, while Singapore stocks hit a 17-year

EM stocks rally; Manila, Bangkok up on rate-cut bets
Australia|Business|Finance|Stock Markets|US

Sayona Mining, Piedmont agree to create $623 million lithium miner

Australia's Sayona Mining will buy U.S.-based Piedmont Lithium in an all-stock deal that will consolidate its Canadian operations and

Sayona Mining, Piedmont agree to create $623 million lithium miner
Business|Economy|Finance|Stock Markets|US

Goldman Sachs chairman expects deals to pick up in 2025

Goldman Sachs Chairman David Solomon said on Tuesday there will be more robust levels of both capital raising and M&A in 2025 with the new U.S. administration.

Goldman Sachs chairman expects deals to pick up in 2025
Asia|Economy|Finance|Stock Markets|US

Stocks rise, oil settles slightly up as Russia-US tensions mount

Global stocks rose in choppy trading on Tuesday as markets waited for President-elect Donald Trump to make more appointments to his

Stocks rise, oil settles slightly up as Russia-US tensions mount
Business|Economy|Finance|Stock Markets|World

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart

Oil prices were broadly unchanged on Tuesday as signs of escalation of the Russia-Ukraine war kept investors cautious of supply disruptions, but the partial restart

Oil settles flat as escalation of Ukraine war counters Sverdrup field restart
Asia|Business|Economy|Finance|Stock Markets

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns

Beijing told top Wall Street executives on Tuesday that it will move ahead with capital market reforms and in the opening up of its financial sector for

Beijing pledges to open up markets, support Hong Kong amid geopolitical concerns
Asia|Economy|Finance|Stock Markets|US

Dollar higher, boost to safe-haven currencies fades

The dollar index rose on Tuesday, after an initial boost to safe-haven currencies such as the greenback, Swiss franc and yen prompted by an announcement by

Dollar higher, boost to safe-haven currencies fades
Asia|Business|Finance|Stock Markets

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows

Alibaba Group has delivered investors initial price guidance on its $5 billion dual currency bond, according to a term sheet reviewed by Reuters on Tuesday.

Alibaba delivers initial price guidance on $5 billion dual-currency bond, term sheet shows
Business|Finance|Stock Markets|Technology

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan

Super Micro Computer on Monday named BDO USA as its auditor and said it has submitted a plan to the Nasdaq seeking additional time to regain compliance with the listing rules, sending its

Super Micro Computer names BDO as auditor, files Nasdaq compliance plan
Asia|Business|Crime|Finance|Stock Markets|US

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act

The Securities and Exchange Commission has charged Bit Mining with violating the Foreign Corrupt Practices Act in connection with bribery scheme to influence members of Japanese

US SEC charges Bit Mining with violating Foreign Corrupt Practices Act
Finance|Stock Markets|US

ADM's Q3 earnings fall, report delayed after more accounting errors found

Global grain trader Archer-Daniels-Midland reported lower third-quarter profits on Monday due to weakness in its grain business, an announcement delayed by the need to correct

ADM's Q3 earnings fall, report delayed after more accounting errors found
Finance|Stock Markets|US

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500

Morgan Stanley has increased its 12-month base case price target on the S&P 500 to 6,500, the firm's equity strategist Michael Wilson and other strategists wrote in a note on

Morgan Stanley raises base case 2025 yr-end S&P 500 target to 6,500
Business|Finance|Stock Markets|US

Ultra low-cost carrier Spirit Airlines files for bankruptcy

No-frills air travel pioneer Spirit Airlines filed for bankruptcy protection on Monday, after struggling with a long run of quarterly losses, failed merger attempt and upcoming debt

Ultra low-cost carrier Spirit Airlines files for bankruptcy
Business|Economy|Finance|Health|Stock Markets|US

CVS Health bulks its board up to 16 members, adds hedge fund CEO

CVS Health has added four new board members, including the CEO of a hedge fund that has been critical of the struggling health care giant

CVS Health bulks its board up to 16 members, adds hedge fund CEO
Business|Finance|Stock Markets|US

Walmart stock set for best year since 1999 as profits jump

Walmart shares are set for their best yearly gains in over two decades as the retail behemoth's low prices for everyday essentials give it an edge over competitors

Walmart stock set for best year since 1999 as profits jump
Business|Economy|Europe|Finance|Stock Markets

UK's FTSE 100 closes near one-week high, Melrose shines

UK's FTSE 100 closed higher on Monday, with conglomerate Melrose topping the index following an upbeat trading update, while domestically-focussed midcaps closed lower as caution prevailed

UK's FTSE 100 closes near one-week high, Melrose shines
Business|Economy|Finance|Health|Stock Markets|US

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround

CVS Health added Glenview Capital's top boss and three others to its board in a deal with the hedge fund, a month after the healthcare conglomerate tasked a new CEO with its

CVS adds four new board members in deal with Glenview as CEO pursues a turnaround
Business|Finance|Stock Markets|US

Bruised Wall Street keeps wary eye on Nvidia

A look at the day ahead in U.S. and global markets from Mike Dolan Wall Street feels a little bruised after its worst week in 10 spoiled the post-election party, with home truths on interest rates and

Bruised Wall Street keeps wary eye on Nvidia
Business|Finance|Stock Markets|Technology|US

Nasdaq, S&P close higher as investors await Nvidia earnings

The Nasdaq and S&P 500 closed higher on Monday, recovering some losses as investors anticipate quarterly earnings from AI leader Nvidia, and Tesla jumped on the

Nasdaq, S&P close higher as investors await Nvidia earnings
Business|Finance|Stock Markets|Technology

Nvidia's Blackwell revenue in focus as sales growth slows

Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters, but as analysts expect a slower pace of growth, how the company overcomes delays and

Nvidia's Blackwell revenue in focus as sales growth slows
Americas|Finance|Stock Markets

Argentina investors bet on Milei's popularity a year after his election

Investors who have been rewarded for

Argentina investors bet on Milei's popularity a year after his election
Business|Economy|Europe|Finance|Stock Markets

BOJ open to tightening, mum on timing

A look at the day ahead in European and global markets from Wayne Cole.

BOJ open to tightening, mum on timing
Economy|Election|Finance|Stock Markets|US

Headwinds hit Trump-fueled rally in US stocks

A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty

Headwinds hit Trump-fueled rally in US stocks
Asia|Business|Finance|Stock Markets

Shares rise, dollar falls as traders reassess rate-cut expectations

Global shares rose on Monday while the U.S. dollar fell but still traded near one-year highs as traders pared expectations of future

Shares rise, dollar falls as traders reassess rate-cut expectations
Business|Finance|Stock Markets

Alibaba aims to raise $5 billion in dual currency bond deal, sources say

China's biggest e-commerce company Alibaba Group is aiming to raise $5 billion in multi-tranche dollar and offshore Chinese yuan bonds, according to two sources with

Alibaba aims to raise $5 billion in dual currency bond deal, sources say
Business|Economy|Finance|Stock Markets|US

Dollar strengthens against yen on Bank of Japan's hike uncertainty

The dollar rose against the yen on Monday to resume its recent ascent after Japan's top central bank official signaled further monetary policy tightening was

Dollar strengthens against yen on Bank of Japan's hike uncertainty
Asia|Business|Finance|Stock Markets

EM conditions tighten, outflows heighten

A look at the day ahead in Asian markets. 

EM conditions tighten, outflows heighten
Business|Economy|Finance|Stock Markets|US

Most Gulf markets fall on Fed rate cut concerns

Most Gulf stock markets fell on Sunday after U.S economic data and comments from Federal Reserve officials pointed to a slower pace of interest-rate cuts.

Most Gulf markets fall on Fed rate cut concerns
Business|Economy|Finance|Stock Markets|US

Archegos' Bill Hwang deserves 21 years in prison, US says

Bill Hwang, the founder of Archegos Capital Management, should spend 21 years in prison for running a market manipulation scheme that wiped out his $36 billion

Archegos' Bill Hwang deserves 21 years in prison, US says
Africa|Economy|Finance|Stock Markets

S&P revises South Africa's outlook to positive on better reforms, growth potential

Ratings agency S&P revised South Africa's outlook to "positive" from "stable" on Friday, citing plans for accelerated economic reforms by the new government of national unity and a pickup

S&P revises South Africa's outlook to positive on better reforms, growth potential
Business|Finance|Stock Markets|US

Major Trump Media shareholder sells nearly entire stake

Trump Media & Technology Group's key shareholder, ARC Global Investments, has unloaded nearly all its stake in the media company, it said in a regulatory filing on Thursday.

Major Trump Media shareholder sells nearly entire stake
Business|Finance|Political|Stock Markets|US

Musk's political ascendancy stirs hopes of redemption for X banks

Elon Musk's political ascendancy has some Wall Street banks hoping they may soon be able to offload $13 billion of debt that backed the billionaire's

Musk's political ascendancy stirs hopes of redemption for X banks
Business|Finance|Stock Markets|US

US defense shares, government contractors fall after Trump efficiency picks

Shares of defense companies and government contractors were lower on Friday, extending recent losses amid uncertainty surrounding President-elect Donald Trump's proposed

US defense shares, government contractors fall after Trump efficiency picks
Business|Finance|Stock Markets|Technology|US

Nvidia results in focus as stock market's election boost stalls

Nvidia Corp's results in the coming week could guide the U.S. stock market on its next path, as investors turn their focus to the technology sector and

Nvidia results in focus as stock market's election boost stalls
Business|Finance|Stock Markets|US

Compass Minerals attracts takeover interest from buyout firms, sources say

Compass Minerals is in talks with private-equity firms to sell itself, three sources familiar with the matter said, after an aborted lithium-mining

Compass Minerals attracts takeover interest from buyout firms, sources say
Business|Finance|Stock Markets|US

Elliott's $5 billion Honeywell gambit: would a split pay off?

Diversified conglomerates were long a fixture of the U.S. stock market landscape, with the Dow industrials bolstered by big names such as 3M, General

Elliott's $5 billion Honeywell gambit: would a split pay off?
Business|Finance|Stock Markets|Technology

Palantir shares rally to fresh record on plans for move to Nasdaq

Shares in Palantir Technologies Inc were up more than 6% on Friday, hitting a record high, after it announced late on Thursday that it would list on the Nasdaq and expects

Palantir shares rally to fresh record on plans for move to Nasdaq
Business|Economy|Finance|Stock Markets

Russia's Sovcomflot blames earnings drop on Western sanctions

Russia's leading tanker group Sovcomflot said on Friday that Western sanctions on Russian oil tankers were limiting its financial performance, as it reported falling revenues and core

Russia's Sovcomflot blames earnings drop on Western sanctions
Finance|Stock Markets|Technology|US

Bitcoin rises above $90,000 on Trump euphoria

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.

Bitcoin rises above $90,000 on Trump euphoria
Asia|Business|Economy|Finance|Stock Markets|Technology|US

China's Alibaba misses quarterly revenue estimates, beats on profit

Alibaba Group Holding missed analysts' estimates for second-quarter sales on Friday, as persistent economic uncertainty sapped consumer spending in

China's Alibaba misses quarterly revenue estimates, beats on profit
Business|Economy|Europe|Finance|Stock Markets

FTSE 100 slips as pharma stocks weigh

The main UK stock indexes slipped on Friday, with losses in AstraZeneca and GSK weighing on the blue-chip FTSE 100, while data showed Britain's economy contracted unexpectedly in September.

FTSE 100 slips as pharma stocks weigh
Business|Economy|Finance|Stock Markets|US

Wall St sinks on Powell rate-cut caution, Trump cabinet picks

Wall Street's main indexes closed lower on Friday, with the S&P 500 and Nasdaq notching their biggest one-day losses in two weeks, on concerns

Wall St sinks on Powell rate-cut caution, Trump cabinet picks
Asia|Business|Finance|Stock Markets|Technology

KKR raises tender offer price for Fuji Soft acquisition

Private equity firm KKR has raised its tender offer price for Fuji Soft by 7% to 9,451 yen ($60.86) a share, the Japanese software developer said on Friday, narrowly surpassing a

KKR raises tender offer price for Fuji Soft acquisition
Economy|Finance|Stock Markets|US

Global equity funds see biggest weekly inflows in over a decade

Global equity funds saw the largest weekly net purchases in over a decade in the week to Nov. 13, driven by investor optimism that a decisive second-term mandate for Donald Trump would

Global equity funds see biggest weekly inflows in over a decade
Business|Finance|Stock Markets|Technology

Samsung Electronics plans $7.2 billion buyback after share price plunges

Samsung Electronics has decided to buy back shares worth 10 trillion won ($7.17 billion) over a one-year period to boost shareholder value, after shares plunged to more than four-year

Samsung Electronics plans $7.2 billion buyback after share price plunges
Business|Election|Finance|Stock Markets

Crypto bulls and euro bears

Chip behemoth Nvidia is reporting quarterly results and global PMI data is rolling in as markets continue to digest the fallout from Donald Trump's U.S. presidential election win, with

Crypto bulls and euro bears
Business|Europe|Finance|Health|Stock Markets|Technology

European shares end lower on US rate, Trump jitters

Europen shares slipped on Friday, weighed down by disappointing earnings, concerns about the impact of U.S.

European shares end lower on US rate, Trump jitters
Business|Election|Finance|Health|Stock Markets|US

Drugmaker stocks slide as Trump taps vaccine skeptic RFK Jr for US health job

Shares of major U.S. drugmakers fell on Friday after President-elect Donald Trump picked anti-vaccine activist Robert F.

Drugmaker stocks slide as Trump taps vaccine skeptic RFK Jr for US health job
Business|Election|Finance|Stock Markets|US

Traders chase post-election stock gains in US options market

Options players are piling in to riskier bets across the U.S. stock market, supporting a rally that has come on the back of fading election worries and

Traders chase post-election stock gains in US options market
Asia|Business|Europe|Finance|Stock Markets

Chinese consumers spend more, just not on property

A look at the day ahead in European and global markets from Stella Qiu Asian shares ended a brutal week on a steadier note helped by Chinese consumers pushing retail sales beyond forecasts after a

Chinese consumers spend more, just not on property
Asia|Business|Economy|Finance|Stock Markets|World

China's Oct data shows soft economic underbelly, Trump threat looms large

China's factory output growth slowed in October and it was still too early to call a turn in the crisis-hit property sector even though

China's Oct data shows soft economic underbelly, Trump threat looms large
Asia|Business|Finance|Stock Markets|US

Nissan shares surge after report activist investor Oasis has stake

Nissan Motor shares jumped as much as 6% in early Tokyo trading on Friday after Japan's Diamond Online magazine reported that activist investor Oasis Management had taken a stake in

Nissan shares surge after report activist investor Oasis has stake
Business|Finance|Stock Markets|US

Bristol Myers faces renewed, $6.7 billion lawsuit over delayed cancer drug

Bristol Myers Squibb was hit on Thursday with a $6.7 billion lawsuit claiming it cheated former Celgene shareholders by delaying federal approval for three drugs, 1-1/2 months

Bristol Myers faces renewed, $6.7 billion lawsuit over delayed cancer drug
Business|Economy|Finance|Health|Stock Markets|US

Glenview, Sachem Head, Third Point buy CVS shares during Q3-filings

Three prominent investment firms bet changes are in the offing at ailing healthcare giant CVS Health and added to existing bets and established a new

Glenview, Sachem Head, Third Point buy CVS shares during Q3-filings
Business|Finance|Stock Markets

Norfolk Southern makes deal with investors to prevent another fight for control of the railroad

Norfolk Southern says it has a deal with Ancora Holdings to keep the investor from launching a repeat of this year’s campaign to take control of the railroad

Norfolk Southern makes deal with investors to prevent another fight for control of the railroad
Asia|Australia|Business|Crime|Economy|Finance|Stock Markets

Australia's Woolworths, Coles to defend lawsuit over discounts

Australian grocers Woolworths and Coles said on Friday they would defend class action proceedings commenced by a law firm in federal court over alleged misleading

Australia's Woolworths, Coles to defend lawsuit over discounts
Economy|Finance|Stock Markets|US

Powell says no need for Fed to rush rate cuts given strong economy

Ongoing economic growth, a solid job market, and inflation that remains above the 2% target means the U.S. central bank does not need to rush to lower interest rates and can deliberate

Powell says no need for Fed to rush rate cuts given strong economy
Business|Finance|Stock Markets|Technology|US

Chinese self-driving firm Pony AI seeks up to $4.5 billion valuation in US IPO

Pony AI is seeking a valuation of up to $4.48 billion in its U.S. initial public offering, it said on Thursday, as the Chinese self-driving firm moves ahead with its

Chinese self-driving firm Pony AI seeks up to $4.5 billion valuation in US IPO
Business|Economy|Finance|Stock Markets|US

Powell says Fed will likely cut rates cautiously given persistent inflation pressures

Chair Jerome Powell says the Federal Reserve will likely cut its key interest rate slowly and deliberately in the coming months, in part because inflation has shown signs of persistence and the Fed’s officials want to see where it heads next

Powell says Fed will likely cut rates cautiously given persistent inflation pressures
Americas|Business|Economy|Election|Finance|Stock Markets|US

DBRS "more on alert" to U.S. fiscal profile after Republican sweep

A Republican sweep in the U.S. elections puts rating agency Morningstar DBRS “more on alert” regarding the country’s fiscal accounts, managing director for global sovereign ratings

DBRS "more on alert" to U.S. fiscal profile after Republican sweep
Finance|Stock Markets|US

US deals blocked by regulators or facing intense scrutiny

Tapestry abandoned its $8.5 billion bid for Michael Kors owner Capri after a judge blocked it following a lawsuit by the U.S.

US deals blocked by regulators or facing intense scrutiny
Africa|Business|Economy|Finance|Stock Markets|World

Nigeria plans $28 billion spending for 2025 budget, minister says

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

Nigeria plans $28 billion spending for 2025 budget, minister says
Business|Finance|Stock Markets|US

Norfolk to add new board member in settlement with activist investor

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.

Norfolk to add new board member in settlement with activist investor
Business|Finance|Stock Markets

Hilton increases stock buyback program by $3.5 billion

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.

Hilton increases stock buyback program by $3.5 billion
Americas|Business|Economy|Finance|Stock Markets

Brazil's outgoing central bank chief says there is urgency to announce spending cuts

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

Brazil's outgoing central bank chief says there is urgency to announce spending cuts
Business|Europe|Finance|Stock Markets

Burberry boosts UK mid-cap stocks, focus on speeches from Reeves and Bailey

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

Burberry boosts UK mid-cap stocks, focus on speeches from Reeves and Bailey
Economy|Finance|Stock Markets|US

Energy shares help lift Toronto market to fresh record high

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

Energy shares help lift Toronto market to fresh record high
Business|Economy|Finance|Stock Markets|US

Wall St indexes end lower after Powell erodes hopes for December rate cut

Wall Street's main indexes closed lower on Thursday after Federal Reserve Chair Jerome Powell dampened investors' hopes for another interest rate

Wall St indexes end lower after Powell erodes hopes for December rate cut
Business|Economy|Finance|Stock Markets|US

A twist in the U.S.'s inflation tale?

A look at the day ahead in U.S. and global markets by Amanda Cooper.

A twist in the U.S.'s inflation tale?
Asia|Business|Economy|Finance|Stock Markets

Blackstone eyes 20% stake in India Haldiram's snacks at $8 billion valuation, sources say

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

Blackstone eyes 20% stake in India Haldiram's snacks at $8 billion valuation, sources say

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