investing
Investing
Iliad earnings jump 13.6% boosted by subscriber growth across markets
Investing
Oil prices broadly flat after falling on dollar surge
Investing
UK stocks edge higher, Burberry boosts mid-caps
Investing
Samsung Electronics shares hit 4-year lows on Trump risks, AI chips
Stocks, US yields slightly lower after inflation data
Date: November 13, 2024
By Chuck Mikolajczak NEW YORK (Reuters) -A gauge of global stocks dipped for a second straight session and U.S. Treasury yields were slightly lower in choppy trading as investors digested the latest U.S. inflation data and the path of interest rates from the Federal Reserve. The Labor Department said the consumer price index (CPI) rose...
Oil slips towards 2-week low on gloomy demand outlook
Date: November 13, 2024
By Arunima Kumar (Reuters) -Oil prices slipped on Wednesday, trading near their lowest in two weeks, a day after OPEC lowered global oil demand growth forecasts for 2024 and 2025 and amid demand concerns in China. OPEC cited weakness in China, India, and other regions for its decision, which marked the producer group’s fourth straight...
Cable specialist Nexans positions for demand surge, boosts shares
Date: November 13, 2024
By Nathan Vifflin (Reuters) – French power and data cable specialist Nexans released revised financial guidance for 2028 and a roadmap to benefit from surging demand, boosting its shares on Wednesday. In a statement to coincide with its Capital Markets Day event in London, the group said it expects to reach adjusted earnings before interest,...
UK stocks slip ahead of U.S. inflation data; Smiths Group rallies
Date: November 13, 2024
By Sruthi Shankar (Reuters) – The main UK stock indexes slipped on Wednesday as traders awaited key U.S. inflation data to gauge the path of monetary policy, while defence company Smiths Group rallied to record highs after upgrading its revenue outlook. The blue-chip FTSE 100 was down 0.1% at 1146 GMT, while the FTSE 250...
RWE gains 8.3% after launching $1.6 billion share buyback
Date: November 13, 2024
By Christoph Steitz, Kanjyik Ghosh and Vera Eckert FRANKFURT (Reuters) -RWE shares rose 8.3% on Wednesday after the group announced a 1.5 billion euro ($1.6 billion) share buy-back, citing a weaker rationale for investments in U.S. offshore wind after Donald Trump’s election and a slower ramp-up of European hydrogen. By launching the buyback, which will...
European shares rangebound as energy gains offset tech losses
Date: November 13, 2024
By Shashwat Chauhan (Reuters) -European shares swung between gains and losses on Wednesday, as rising energy shares countered technology losses, while focus remained on a key U.S. inflation print that could alter market expectations on the Federal Reserve’s interest rate path. The pan-European STOXX 600 index edged up 0.1%, after falling as much as 0.2%...