Yahoo Finance Uber to aggressively invest in Southeast Asia
Uber's CEO pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast-growing market. Aleksandra Michalska reports.
Uber's CEO pledged to continue investing aggressively in Southeast Asia even though the U.S. ride hailing firm expects to lose money in the fast-growing market. Aleksandra Michalska reports.
England have the opportunity to secure a fifth successive Grand Slam title in competed Championships against France
China's manufacturing activity expanded for the first time in six months in March while U.S. manufacturing grew for the first time in about 18 months, benefiting Dow whose products are used in a range of industries. The Midland, Michigan-based company reported operating earnings per share of 56 cents for the quarter ended March 31, compared with the average analyst estimate of 45 cents, according to LSEG data.
Shares of Meta Platforms tumble after a disappointing outlook, while IBM slumps after revenue misses analysts’ estimates. Microsoft, Alphabet, and Intel are scheduled to report earnings after the close of trading Thursday.
Lockheed Martin Corp and RTX Corp, fresh off a surge of orders in response to Russian aggression against Ukraine and the war in Gaza, stand to profit from $95 billion of mostly new weapons funding as the increasingly drawn out conflicts renew demand for pricey equipment. On Wednesday, President Joe Biden signed a hard-fought bill into law that provides billions of dollars of new U.S. aid to Ukraine for its war with Russia, including $61 billion for Ukraine and $26 billion for Israel. "There are now factories breaking ground around the country," because of the new funding and several recent "supplemental" funding rounds, said the Pentagon's acquisitions chief Bill LaPlante on Wednesday.
It follows the government's decision to scrap key climate targets and its response to a review into gender services.
Climate-focused investor Decarbonization Partners, a tie-up between BlackRock and Singaporean state investment firm Temasek, said on Thursday it had raised a higher-than-targeted $1.4 billion for its first fund. Others to back the venture and late-stage growth equity fund, which will focus on companies that can help accelerate the transition to a low-carbon economy, include U.S. insurer Allstate, Spanish lender BBVA and energy firm TotalEnergies. In total, more than 30 institutional investors from 18 countries invested in the fund, the firm said in a statement, including public and private pension funds, sovereign wealth funds and family offices, helping it pass a $1 billion target.
The yen hit a fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan policy meeting that ends on Friday to not be hawkish enough to support the Japanese currency. Japanese authorities "are between a rock and a hard place", said Athanasios Vamvakidis, global head of G10 forex strategy at BofA. "If they buy yen, pressures can still arise because many investors are waiting for intervention to sell the Japanese currency," he added, arguing that the yen could reach 160 even if there is intervention.
Bernzott Capital Advisors, an investment management firm, published its “US Small Cap Value Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the portfolio gained +8.5% on a net basis, well above R2000V’s advance of +2.9% and above R2500V’s rise of +6.1%. The largest contribution to the […]
METTAWA, Ill., April 25, 2024 (GLOBE NEWSWIRE) -- Brunswick Corporation (NYSE: BC), today, released its first quarter 2024 financial results. A complete and full-text financial results press release is available on the Company’s website at https://ir.brunswick.com. The results will also be available on the SEC’s website with the Form 8-K filing of the release at http://goo.gl/wJQN1. The Company will hold a conference call at 10 a.m. CST/ 11 a.m. EST, today, Thursday, April 25, 2024, hosted by Da
Company Announcement, Helsinki, 25 April 2024 at 1:15 PM (EEST) Nexstim Plc: Managers’ Transactions, Hildén Nexstim Plc (NXTMH:HEX) ("Nexstim" or "Company") announces managers’ transactions as follows: Person subject to the notification requirementName: Timo HildénPosition: Member of the Board/Deputy memberIssuer: Nexstim OyjLEI: 743700S7ZI0LNMHZ6Y27Notification type: INITIAL NOTIFICATIONReference number: 59502/4/4 ____________________________________________Transaction date: 2024-04-23Outside a
Missiles secretly delivered this month have been used to strike Russian targets in Crimea, US media say.
The conservative icon named and shamed the "cabal of grotesques" in the Republican party.
Constellation Brands ( NYSE:STZ ) Full Year 2024 Results Key Financial Results Revenue: US$9.96b (up 5.4% from FY...
What regulations say about getting your money back
German Chancellor Olaf Scholz said he was committed to supporting the pharmaceuticals sector with tax advantages for research and cutting red tape for trials at a ceremony with Merck, which is investing 1.5 billion euros ($1.61 billion) in Germany. The drugmaker plans to use its new life sciences Advanced Research Centre in the western city of Darmstadt, which it is spending 300 million euros on, to develop services and digital platforms to help scientists work more effectively. Scholz said he wanted Germany to build on a 2.3 billion euro investment by Eli Lilly in the western town of Alzey and other development plans by Novo Nordisk, BioNTech , AbbVie and Roche for Europe's biggest economy.
Three cavalry officers who were injured in the incident are all expected to ‘recovery fully and return to duty’
First Busey ( NASDAQ:BUSE ) First Quarter 2024 Results Key Financial Results Revenue: US$105.7m (down 8.9% from 1Q...
Blinken's trip is a sign of improved US-China ties, but the two still view each other with suspicion.
The Federal Reserve's latest financial stability report was good news for anyone worried that a record run of interest rate hikes might overstress the banking system or trigger a recession with companies and households pushed into default through a broad credit crackdown. Instead, the Fed is wrestling with an economy that has sloughed off tight monetary policy to such a degree that U.S. central bank officials are without a clear view of what to expect and divided over issues like productivity, the economy's underlying potential, and even whether the current policy interest rate is as restrictive as imagined when they called off further hikes. A recently updated Fed index of overall financial conditions showed there was virtually no impact on economic growth right now from the central bank's monetary policy or the broader credit conditions it is intended to influence.
It's common for many investors, especially those who are inexperienced, to buy shares in companies with a good story...