EU-US trade deal lifts outlook for European corporate earnings
The outlook for European corporate earnings improved on Tuesday, according to Reuters, citing LSEG I/B/E/S data,…
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LSEG
Brent crude premium to Dubai benchmark hits highest level since Sept 2023
Brent crude’s premium to the Middle East’s Dubai benchmark surged above $3 per barrel on Wednesday, reaching $3.33…
Tanker freight rates climb amid Israel-Iran war
Charter rates for oil tankers from the Middle East to Asia surged as escalating tensions between Israel and Iran…
Sterling edges higher as UK avoids Trump tariff hike
Sterling firmed against the dollar on Wednesday as the UK avoided inclusion in US President Donald Trump's latest…
China resells US LNG
Chinese buyers of US liquefied natural gas (LNG) are increasingly reselling cargoes to Europe as tariffs imposed by…
India: Kotak Mahindra Bank’s quarterly profit rises 10%
India's Kotak Mahindra Bank reported a 10 per cent increase in quarterly profit on Saturday due to increased…
China breaks records with $14b in offshore convertible bonds
Chinese major companies have set a new record in the offshore convertible bond market by raising $14 billion in…
Venezuelan oil exports drop by 38% in April
Venezuelan oil exports experienced a significant drop of 38 per cent in April, as tanker owners and clients…
European shares hold amid ASML, LVMH reports
European shares remained steady on Wednesday, lingering near a low of over a month as investors focused on…
Morgan Stanley terminates jobs in Asia
Morgan Stanley is trimming its investment banking workforce in Asia Pacific by at least 50 positions, sources…
World Bank to introduce $1b debut hybrid
The World Bank is planning to introduce a debut hybrid note worth up to $1 billion on the capital markets this…
Gold prices fall amid firmer dollar, more US data on deck
Gold prices went down on Thursday amidst a firmer US dollar and elevated treasury yields, with traders expecting…
Bitcoin soars to highest monthly record since ’20
Bitcoin is on track for its largest monthly gain in over three years, with its value reaching as high as $63,933,…
Bitcoin soars $60k on FOMO-fuelled rally
Bitcoin surged on Wednesday, nearing $60,000 in its fifth day of gains fueled by investments in new US spot bitcoin…
China aviation fuel demand to jump 13% – CNPC
China’s aviation fuel consumption is likely to grow by 13.1per cent this year due to an increase in passenger…
Uniper details power hedging in Germany, Nordics
Uniper, a German utility firm, announced on Wednesday during an analyst call that it has divested significant…
Zoom up announces $1.5b share buyback
Zoom Video Communications Shares saw a nearly 13 per cent increase in premarket trading on Tuesday, following the…
Singapore’s UOB lowers loan growth amid profit rise
Singapore’s United Overseas Bank (UOB) announced on Thursday that it is reducing its loan growth projections for…
Walmart to acquire Vizio for $2.3 bln
Walmart plans to acquire smart-TV maker Vizio for $2.3 billion, or $11.50 per share in cash, effecting its shares…
Carbon trading hits $949 bln in ’23 – LSEG
The value of traded global markets for carbon dioxide (CO2) permits hit a new high in 2023, reaching €881 billion…
Snap loses ground to bigger competitors
Snap's stock fell 31 per cent on Wednesday as its revenue for the fourth quarter fell short of Wall Street's…
Linde forecasts earnings deceleration in ’24
Linde, the world’s leading industrial gases company, predicted a deceleration in its earnings growth for 2024 due…
Nordea predicts strong return on equity despite Q4 profit shortfall
Nordea, Nordic region’s largest bank, announced a fourth-quarter profit that fell short of expectations on Monday.…
Gold steady in early Wednesday trade
Gold recovered its early losses on Wednesday, as U.S. dollar declined from a six-week high and investors awaited…