investment-portfolios
FinanceCarney-Led Finance Group Calls for More G20 Climate Plan Details
Top StoriesMusk’s Lenders Prepare to Hold $12.7 Billion Twitter Debt on Books Until Early 2023 – Ft
TechnologyBlackstone to Take Control of Emerson’s Climate Tech in $14 Billion Deal
Top StoriesStocks Rally Wobbles as Fed Hike Draws Near
Fresenius Medical Cuts Outlook on Slower Recovery, Rising Costs
Date: October 31, 2022
BERLIN (Reuters) -Kidney dialysis provider Fresenius Medical Care (FMC) on Sunday revised down its forecast for 2022, expecting net income to decline this year, dragged down by rising labour costs and a slower than expected recovery in North America business. The company now expects net income to decline in the high-teens to mid-20s percentage range...
Global Equity Funds Receive Inflows for First Time in 10 Weeks
Date: October 28, 2022
(Reuters) – Global equity funds attracted money inflows in the week ended Oct. 26, bolstered by expectations the Federal Reserve would slow its pace of rate hikes to counter the economic slowdown. According to Refinitiv Lipper data, investors bought a net $7.8 billion worth of global equity funds in the week, after ditching them in...
Universal Music Q3 Earnings Beat Expectations, Streaming Growth Slows
Date: October 28, 2022
AMSTERDAM (Reuters) -Universal Music Group NV (UMG), the largest record label, on Thursday reported better than expected third-quarter core earnings due to a legal settlement, though streaming revenue growth slowed. The company said top sellers in the quarter included Korean pop band BTS, BLACKPINK, Ado, INI and Morgan Wallen. Adjusted earnings before interest, taxes, depreciation...
How Financial Services Can Be Successful When It Comes to ESG Risk
Date: October 27, 2022
By Santhosh Jayaram, Global Head of Sustainability at HCLTech Environmental, Societal and Corporate Governance (ESG) risk is rising to the top of the agenda for financial services worldwide. In the UK, it seems there’s pressure coming from all sides, from consumers worrying about how ‘green’ their investments are, to charities like WWF and Greenpeace reporting the UK...
Santander’s Higher Provisions and Costs Overshadow Q3 Beat
Date: October 26, 2022
By Jesús Aguado MADRID (Reuters) – Higher loan loss provisions in some of Santander’s key markets, such as Brazil and the United States, and a rise in costs overshadowed better than expected third-quarter earnings at the Spanish bank, knocking its shares on Wednesday. Strong profitability in the Americas still helped the bank, the euro zone’s...
Wall Street Set to Open Lower Ahead of Earnings
Date: October 25, 2022
By Elizabeth Howcroft LONDON (Reuters) – European stocks were mixed on Tuesday and U.S. futures pointed to a lower open for Wall Street, as investor hopes that the Federal Reserve could slow down its rate increases gave way to a more cautious tone ahead of U.S. company earnings. Asian equities struggled to make gains due...