Day four of stock drops
Stocks lost ground for the 4th day in a row this week, in a choppy session. Bobbi Rebell reports.
Stocks lost ground for the 4th day in a row this week, in a choppy session. Bobbi Rebell reports.
Asian shares mostly rose Friday despite worries about the economic outlook and inflation in the U.S. and the rest of the world. The Bank of Japan ended a policy meeting with no major changes, keeping its benchmark interest rate in a range of 0 to 0.1%. Japan's benchmark Nikkei 225 added 0.8% to 37,934.76, while the U.S. dollar edged up to 156.22 Japanese yen from 155.58 yen.
Q1 2024 First Merchants Corp Earnings Call
Climate campaigners picketed the Swiss National Bank's shareholders meeting on Friday to protest against the central bank's investments in companies they say damage the environment and carry out fracking. Around 50 activists attended the meeting in Bern to demand that the SNB sell its shareholdings in fossil fuel and fracking companies or use them to change the companies' behaviour. Protesters held up placards saying "Stop Fracking Investments End Fossil Finance" and "No Financial Stability Without a Stable Climate" outside the normally sedate event, which saw tightened security to prevent disruptions.
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The FTSE 100 today opened at a record of 8134, with NatWest shares among the strong performers after its well-received first quarter results. The FTSE 100 index later settled 0.6% or 48.16 points higher at 8127.02, with Anglo American’s BHP bid rejection failing to take the steam out of its shares.
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Indians, traditionally known as avid savers, are now stashing away less money and borrowing more.
MOSCOW (Reuters) -Russia's dominant lender Sberbank on Friday reported an 11.3% rise in first-quarter net profit to 397.4 billion roubles ($4.32 billion), boosted by growth in deposits and its loan portfolio. Sberbank made record profits of 1.5 trillion roubles in 2023, a more than five-fold increase on the previous year, as Russia's banking sector recovered from the impact of financial sanctions over Russia's actions in Ukraine. The state-owned bank, which dominates Russia's banking sector with around 110 million retail clients, this week announced plans to make a record annual dividend payment of more than $8 billion.
(Bloomberg) -- CVC Capital Partners Plc shares climbed as much as 29% after the company and its investors raised €2 billion ($2.15 billion) in an initial public offering, bringing the long-delayed listing process for one of Europe’s marquee private equity firms to a resolution.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia i
China's sliding yuan has been hitting the weak end of the band in so-called cash settlement transactions this week, making it challenging for banks and businesses on the mainland to transact, traders say. Under unrelenting pressure from rising U.S. yields and outflows from China, the yuan is at five-month lows against the dollar and has been declining to near its 2% policy band limit each day. The yuan's decline to the weak end of the permissible band underscores the heavy demand for dollars and rising depreciation pressures on the currency.
Q1 2024 Tractor Supply Co Earnings Call
Zeder Investments Ltd. ( JSE:ZED ) shareholders should be happy to see the share price up 13% in the last month. It's...
Country Garden has told some of its offshore creditors it plans to present a debt restructuring proposal in the second half of this year, two sources said, as the embattled developer scrambles to stave off a liquidation petition. China's biggest private developer defaulted on its $11 billion worth of offshore bonds late last year and is facing a liquidation petition in Hong Kong for non-payment of a $205 million loan. China Evergrande Group was ordered to be liquidated in late January by a Hong Kong court after it failed to offer a concrete restructuring plan to creditors more than two years after defaulting on its offshore debt.
(Bloomberg) -- Anglo American Plc has rejected a $39 billion takeover proposal from BHP Group, saying it significantly undervalues the company.Most Read from BloombergUS Economy Slows and Inflation Jumps, Damping Soft-Landing HopesJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingMalaysia in Talks With Tycoons on Casino to Revive $100 Billion Forest CityBig Tech Surges in Late Hours on Blowout Earnings: Markets WrapUnder t
Westpac economists have pushed back their prediction for when the Reserve Bank of Australia (RBA) will reduce the cash rate.
The Tube's Hammersmith and City line is suspended as emergency workers respond to a casualty on the track. The incident has also closed the District line between Tower Hill and Upminster with severe delays on the rest of the line. Meanwhile customer service managers on the London Underground are staging a fresh 24-hour strike in a dispute over terms and conditions.
Italy's government has given a conditional green light to Vitol's plan to take over oil refiner Saras, the global commodity trader said in a statement on Friday. Saras's controlling shareholder - the Moratti family - said in February it had agreed to sell its stake to Vitol, in a deal valuing Saras at 1.7 billion euros ($1.83 billion). "The Italian Prime Minister's Office issued a decree on the exercise of special powers containing prescriptions that are no obstacle to the completion of the transaction," Vitol said in a statement.
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DUBAI, United Arab Emirates, April 26, 2024 (GLOBE NEWSWIRE) -- Vantage Drilling International Ltd. ("Vantage" or the "Company") today announced that it will host a conference call at 10:00 AM Eastern Time on May 9, 2024 to discuss operating results for the first quarter of 2024. Vantage will release earnings before the market opens on May 9, 2024. Vantage's earnings release will be posted to the Vantage website at www.vantagedrilling.com. To access the conference call, click on the Call Link fo