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Top StoriesOrpea Shares Jump on Q4 Revenue and Cash Boost
Top StoriesChina’s Sany Heavy Industry Moves Closer to Frankfurt Listing
InvestingBayer Hits 8-month High as Investors Welcome CEO Change
Top StoriesSoccer-Qatari Investors Set to Bid for Manchester United – Daily Mail
Pandora Shares Jump 8% on Upbeat Fourth-Quarter Results
Date: February 8, 2023
By Nikolaj Skydsgaard COPENHAGEN (Reuters) -Danish jewellery maker Pandora reported better-than-expected fourth-quarter results and record annual sales on Wednesday, sending its shares up more than 8%, although it predicted uncertainty around sales in 2023. “We ended 2022 on a high note. Despite the macroeconomic pressure on consumers and COVID-19 headwinds in China, we continue to...
Stocks, Dollar Pause Ahead of Powell, Biden Speeches
Date: February 7, 2023
By Herbert Lash and Marc Jones NEW YORK/LONDON (Reuters) – A gauge of global equities edged lower and the dollar inched up on Tuesday as markets awaited word from the Federal Reserve chief after last week’s blockbuster U.S. jobs number made clear interest rates will stay higher for longer to combat inflation. The Australian dollar...
Global Shares Slide, Dollar Gains as Rates Rise on Strong Data
Date: February 6, 2023
By Herbert Lash and Amanda Cooper WASHINGTON (Reuters) – Global equity markets slid and the dollar firmed on Monday after data showing a resilient U.S. jobs market suggested interest rates will stay higher for longer as central banks face a tough battle to slow inflation amid relatively strong economic growth. The blockbuster U.S. jobs report...
Meta Surges on Cost Cut, Buyback Plans; Lifts Mega-Cap Stocks
Date: February 2, 2023
(Reuters) – Shares of Meta Platforms Inc soared nearly 20% in premarket trading on Thursday as the Facebook parent wooed investors with plans to rein on costs and a new $40 billion share buyback. Meta plans to cut costs in 2023 by $5 billion to between $89 billion and $95 billion compared with its earlier...
Adani Loses Asia’s Richest Crown as Stock Rout Deepens to $84 Billion
Date: February 1, 2023
By Chris Thomas and Aditi Shah BENGALURU (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged again on Wednesday as a rout in his companies deepened to $84 billion in the wake of a U.S. short-seller report, with the billionaire also losing his title as Asia’s richest person. Wednesday’s stock losses saw Adani slip...
Norway Wealth Fund Posts Record $164 Billion Loss
Date: January 31, 2023
By Victoria Klesty OSLO (Reuters) – Norway’s wealth fund, one of the world’s largest investors, posted a record loss of 1.64 trillion crowns ($164.4 billion) for 2022, bringing to an end a three-year run of soaring profits as stocks and bonds were hit by the Ukraine war and inflation. The previous largest loss was 633...