investing
Investing
Oil falls over 2% on receding US hurricane risk, lackluster China stimulus
Investing
World stocks cruise to best week since August on Trump win, China in focus
Investing
Homebuilder woes, lacklustre China stimulus drag FTSE 100 to 3-month low
Investing
Dollar set for slight weekly gain after US elections
Morning Bid: Stocks at record peaks on stimulus hopes
Date: November 8, 2024
A look at the day ahead in European and global markets from Friday The prospects for both big fiscal spending and continued monetary easing in the world’s biggest economy make for a powerful cocktail, emboldening global stocks to end on a high note after a wild week. Wall Street goes into Friday at record peaks,...
UK’s Boohoo seeks to limit Frasers’ influence as it questions investor
Date: November 8, 2024
(Reuters) – Boohoo on Thursday questioned Frasers’ interests and sought undertakings that would limit the top investor’s influence, a day after it urged the British online retailer to refrain from any asset sale without prior approval. Boohoo said that it was committed to an “open and transparent” engagement with its shareholders over the strategic review...
Asia stocks sputter as focus shifts to China stimulus
Date: November 8, 2024
By Kevin Buckland TOKYO (Reuters) –Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the...
Dollar set to cap wild week on a high; China NPC meeting in focus
Date: November 8, 2024
By Rae Wee SINGAPORE (Reuters) – The U.S. dollar was back on the front foot on Friday and looking to end a volatile week with a slight gain, as markets weighed the impact of Donald Trump’s return to the White House and what that means for the U.S. economy and its interest rate outlook. Before...
Pinterest’s forecast disappoints investors seeking holiday season ad boost
Date: November 8, 2024
By Jaspreet Singh (Reuters) -Pinterest’s fourth-quarter revenue forecast failed to impress investors looking for a boost from the upcoming holiday shopping season, at a time when bigger online ad sellers largely outperformed, sending its shares down 11% in extended trading on Thursday. The San Francisco, California-based company also announced a new stock buyback program of...
Aussie telecom regulator fines Optus $8 million over emergency services outage
Date: November 8, 2024
(Reuters) – Australian telecom watchdog has fined Optus A$12 million ($7.99 million) for failing to provide emergency call services to thousands during a nationwide outage last year, the regulator said early on Friday. The Australian Communications and Media Authority (ACMA) said it found 2,145 customers could not access the emergency call service during the outage...