Ubisoft jumps 10% after Tencent invests in new subsidiary.
Ubisoft shares rose more than 10% on Friday after the French video game maker announced plans to set up a subsidiary in […]
Markets brace for cut to BOJ’s super-long bond buying.
The Bank of Japan could take another key step toward diminishing its huge presence in the bond market next week, when it […]
French and Spanish Inflation Undershoot, Backing ECB Cuts.
Inflation in France and Spain undershot expectations, supporting calls for more interest-rate cuts by the European Central Bank. Consumer-price growth held steady […]
US imports 2 million barrels of jet fuel from Dangote refinery.
The United States imported over two million barrels of aviation fuel from the Dangote refinery in March. The refinery confirmed this in […]
DisCos’ revenue falls 33% short in 2024, as regulator blame inadequate metering, poor service.
The electricity distribution companies in Nigeria recorded a 33 percent short fall in their total revenue in the year 2024, as only […]
Cognizant boosts share buyback plan by $2 billion.
Cognizant Technology said on Tuesday its board has approved a $2 billion increase to the IT consulting company’s current share repurchase plan, […]
Elon Musk’s X raises almost $1 billion in new equity funding
Elon Musk’s social network X has raised close to $1 billion in new equity from investors, according to people with knowledge of […]
Central banks turn more cautious on rate cuts
Big developed market central banks are turning cautious after a series of interest rate cuts and as uncertainty in global economics and […]
Citigroup reduces bonuses paid in 2024 for regulatory fixes.
Citigroup paid top executives smaller bonuses last year tied to results of the bank’s turnaround and risk management fixes required by regulators, […]
Canada’s inflation shoots up to 2.6% as sales tax break ends.
Canada’s annual inflation rate showed a surprise jump to 2.6% in February, surpassing expectations as a sales tax break that ended in […]
JPMorgan Stock Traders Reel In Windfall as Trump Whipsaws Market.
A chaotic run in stock markets is unleashing a windfall for banks’ equities traders. JPMorgan Chase & Co. (JPM) is on track […]
BofA Survey Shows Biggest-Ever Drop in US Stock Allocations.
Investors have slashed holdings of US equities by the most on record, according to Bank of America Corp.’s latest survey, underscoring the […]