investing
Investing
Russia’s Sovcomflot blames earnings drop on Western sanctions
Investing
Samsung Electronics plans $7.2 billion buyback after share price plunges
Investing
Sunrise shares climb on return to Swiss stock market
Investing
Europe’s STOXX 600 falls as tech, healthcare shares drag
Vallourec to pay first dividend in 10 years after cutting debt
Date: November 15, 2024
By Mathias de Rozario (Reuters) -French steel tubes maker Vallourec said on Friday it would pay its first dividend in 10 years after cutting its debt further and completing a financial restructuring plan. The group’s shares were down 3% by 0805 GMT, however, after it also reported a drop in third quarter earnings. The group...
Stocks head south as Fed chair sows rate cut doubts
Date: November 15, 2024
By Naomi Rovnick and Nell Mackenzie LONDON (Reuters) – The U.S. dollar was poised for a big weekly gain on Friday, towering near one-year peaks as Federal Reserve rate cut doubts also weighed on Treasuries and world stocks. Fed Chair Jerome Powell said on Thursday there was no need to rush rate cuts to support...
FTSE 100 subdued as pharma stocks weigh
Date: November 15, 2024
(Reuters) – The main UK stock indexes were subdued 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. Shares of drugmakers AstraZeneca dropped 2.4% and GSK dipped 3.2%, tracking losses in U.S. and European vaccine makers after U.S. President-elect Donald Trump...
Oil dips on bigger-than-expected US crude stockbuild, oversupply concerns
Date: November 14, 2024
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices edged lower on Thursday, as rising U.S. crude inventories added to concerns of oversupply, while the dollar’s ascent to a one-year high raised demand fears. Brent crude futures were down 24 cents, or 0.3% at $72.04 a barrel at 1:14 p.m. ET (1814 GMT). U.S. West Texas Intermediate...
Disney offers robust multi-year forecast, stoking stock
Date: November 14, 2024
By Dawn Chmielewski and Lisa Richwine LOS ANGELES (Reuters) -Walt Disney shares surged Thursday after the entertainment giant reported quarterly earnings that beat Wall Street’s estimates and offered robust guidance for the coming years. The company projected adjusted earnings-per-share percentage growth in the high single digits in fiscal 2025, even with capital expenditures of roughly...
Siemens stock surges after Q4 profit beat, flags rising global risks
Date: November 14, 2024
By John Revill ZURICH (Reuters) -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 political and trade tensions. The trains to industrial software maker’s shares rose more than 8% in early trading, making Siemens the top performer on...