equity
Top StoriesTake Five: The Second Half
InvestingChipmakers Drag European Equities Lower Ahead of Inflation Data
Top StoriesStocks Sink on Fears for Global Economy, Capping Worst H1 on Record
Top StoriesWith IPOs on Ice, Banks’ Stock Offering Fees Plummet
Analysis: Latest U.S. Stocks Bounce Tests Skepticism That Rally Can Last
Date: June 29, 2022
By Lewis Krauskopf NEW YORK (Reuters) – Investors are assessing a recent U.S. stock market bounce after similar rallies have fizzled in 2022, a year that is on track for the biggest S&P 500 percentage drop in the first half of a year in over a half century. Although the S&P 500 jumped 6.4% last...
UK’s Energy Regulator Proposes Package to Boost Grid Capacity
Date: June 29, 2022
(Reuters) -Britain’s energy regulator proposed a spending package of 20.9 billion pounds ($25.48 billion) on Wednesday, including 2.7 billion pounds in upfront funding, as part of an initial five-year plan for sustainable and affordable regional energy grids. The plan will boost grid capacity, improve customer service and resilience to prevent power outages, Ofgem said. It...
Explainer-Why the Survival of Scandinavian Airline Sas Hinges on Denmark
Date: June 28, 2022
By Jacob Gronholt-Pedersen and Nikolaj Skydsgaard COPENHAGEN (Reuters) – Swedish loss-making airline SAS is fighting for survival, the latest carrier to hit financial straits due to hefty debts, stiff competition and soaring costs, even as the travel industry recovers from the pandemic. SAS has said a restructuring plan announced in February depends on it raising...
Commodity Stocks Lead European Shares Higher on China Covid Relief
Date: June 28, 2022
By Devik Jain (Reuters) – European shares rose on Tuesday, led by commodity-linked stocks and automakers after China relaxed its COVID-19 quarantine mandate, with investors eyeing the European Central Bank’s (ECB) annual forum for clues on monetary policies. The continent-wide STOXX 600 index was up 0.7%, rising for a third straight session amid easing concerns...
Buffett’s Berkshire Buys More Occidental Shares, Raises Stake to About 16.4%
Date: June 28, 2022
(Reuters) – Warren Buffett’s Berkshire Hathaway Inc said on Monday it has purchased another 794,389 shares of Occidental Petroleum Corp, giving the conglomerate a nearly 16.4% stake in the Houston, Texas-based oil company. The purchases were made in multiple transactions and cost about $44 million, Berkshire said in a regulatory filing. The share purchases come...
Stocks Rally, Copper Extends Fall as Investors Assess Recession Risk
Date: June 24, 2022
By Caroline Valetkevitch NEW YORK (Reuters) – Stocks on global markets jumped on Friday, with Wall Street up more than 2% and the MSCI global index set for a weekly gain after three straight weeks of declines, as sliding commodity prices eased worries about inflation. U.S. Treasury yields edged higher but held just above two-week...