Category: Markets
-
Australia’s TPG Telecom to sell fibre, fixed assets to Vocus for $3.54 billion By Reuters
•
(Reuters) – TPG Telecom will sell its fiber and fixed network infrastructure assets, including broadband provider Vision Network, to Macquarie and telecoms group Vocus’s Aware Super superannuation fund for A$5.25 billion (US$3.54 billion). Under the deal, Vocus will acquire TPG’s fiber network assets and fixed, government and wholesale (EG&W) businesses,…
-
New Zealand services PMI for September 2024: 45.7 (prior 45.5)
•
BNZ – BusinessNZ Services Performance Index for September 2024 remains in contraction at 45.7 August was 45.5 Seven consecutive months of contraction BNZ Chief Economist Doug Steele: “Moves in the PSI sub-indices were mixed in September, but all have remained below 50 for seven straight months. While lower interest rates…
-
Oil-Dri reports record sales, integrates Ultra Pet acquisition By Investing.com
•
Oil-Dri Corporation of America (NYSE: ODC) reported record consolidated net sales of $437.6 million for fiscal year 2024, a 6% increase from the previous year. The company successfully integrated its acquisition of Ultra Pet, which contributed $4 million in net sales and $200,000 in pre-tax income in its first quarter…
-
Monday morning open levels – indicative forex prices for 14 October 2024
•
High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
-
Chinese carmaker GAC looks at making EVs in Europe as tariffs loom By Reuters
•
Written by Gilles Guillaume PARIS (Reuters) – Chinese state-owned carmaker GAC is exploring manufacturing electric cars in Europe to avoid EU tariffs, its general manager told Reuters on Sunday, joining a growing list of Chinese companies planning local production. The company is among China’s largest automakers and targets sales of…
-
Premium Watchlist Recap: Oct. 7 – 9, 2024
•
This week our currency strategists focused on the Reserve Bank of New Zealand’s Monetary Policy Statement and US CPI update for potential high-end setups. Of the eight scenario/price forecast discussions this week, It cannot be said that any of us saw the arousal of both financial and technical arguments They…
-
Fastenal reports 3.5% net sales rise, eyes $10 billion revenue By Investing.com
•
Fastenal Company (NASDAQ: NASDAQ:) reported a 3.5% increase in net sales and a 1% rise in earnings per share to $0.52 in its Q3 2024 earnings call. The industrial supply company’s daily sales rate grew by 1.9%, despite disruptions from Hurricane Helene. Key Takeaways • Net sales increased by 3.5%…
-
Israel stocks higher at close of trade; TA 35 up 0.80% By Investing.com
•
Investing.com – Israeli stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Tel Aviv, it rose by 0.80%. The best performers of the session were Kamtek Ltd (TASE:), which rose 6.98% or 2,080.00 points to reach 31,880.00 at the…
-
Saudi Arabia stocks higher at close of trade; Tadawul All Share up 0.63% By Investing.com
•
Investing.com – Saudi stocks rose after the close on Sunday, as gains in the stock sector pushed stocks higher. At the close in Saudi Arabia, the stock rose by 0.63%. Among the leading stocks today, the stock of Fawaz Abdulaziz Al Hokair Company (Tadawul:) emerged, whose value rose 9.98%, or…
-
SpaceX catches giant Starship booster in fifth flight test By Reuters
•
Written by Joey Roulette (Reuters) – SpaceX on its fifth Starship test flight on Sunday returned the rocket’s towering first stage booster to a launch pad in Texas for the first time using giant metal arms, achieving another new engineering feat in the company’s quest to build a reusable moon.…
-
Ambani’s Reliance lobbies India minister on satellite spectrum in new face-off with Musk By Reuters
•
Written by Aditya Kalra and Aditi Shah NEW DELHI (Reuters) – Indian billionaire Mukesh Ambani’s Reliance Co has privately argued that the telecom regulator incorrectly concluded that New Delhi should allocate broadband spectrum for home satellites and not auction it off, intensifying a standoff with Elon Musk’s Starlink. . How…
-
Bank7 Corp reports record earnings, raises dividend By Investing.com
•
Bank7 Corp (NASDAQ: NASDAQ:) reported record earnings and EPS for both the third quarter and year-to-date, according to President and CEO Tom Travis during the company’s recent earnings call. The bank’s strong performance was attributed to robust capital levels and a disciplined approach to managing a matched balance sheet. Key…
-
Are emerging markets finally a buy? By Investing.com
•
Investing.com – Emerging markets have long been drawn by the potential for rapid growth and diversification benefits, but investors have often been put off by the volatility and structural risks associated with them. However, with shifts in global economic fundamentals and financial dynamics, a new assessment is warranted. So, are…
-
What are the potential impacts on leisure stocks from Hurricane Milton Sun By Investing.com
•
Investing.com – In a Wednesday note to clients, Morgan Stanley analysts discussed the potential impacts on recreational stocks from Hurricane Milton Sun, a Category 5 storm approaching Florida. According to the Wall Street firm, the impact is expected to be mixed across different companies in the entertainment sector. While some…
-
Weekly Market Outlook (14-18 October)
•
Upcoming events: Monday: US, Canada, Federal Reserve Bank holiday. (US stock market open/bond market closed) Tuesday: UK Labor Market Report, German ZEW, Canadian CPI, New Zealand CPI Q3. Wednesday: UK Consumer Price Index. Thursday: Australian labor market report, European Central Bank policy decision, US retail sales, US unemployment claims, US…
-
Whitestone REIT ‘carefully considering’ MCB’s $15/share takeover offer By Investing.com
•
Investment website — Whitestone REIT (NYSE:) “will carefully consider” the $15-a-share offer that MCB Real Estate formally made earlier this week, the company told Investing.com exclusively. “As a fiduciary, the Board of Directors will carefully consider the proposal we received from MCB Real Estate to determine whether it is in…
-
Whitestone REIT ‘carefully considering’ MCB’s $15/share takeover offer By Investing.com
•
Investment website — Whitestone REIT (NYSE:) “will carefully consider” the $15-a-share offer that MCB Real Estate formally made earlier this week, the company told Investing.com exclusively. “As a fiduciary, the Board of Directors will carefully consider the proposal we received from MCB Real Estate to determine whether it is in…
-
Newsquawk Week Ahead: US Retail Sales, ECB, inflation from Japan, NZ, UK and Canada
•
Sun: Chinese Inflation Mon: OPEC MOMR, Chinese Trade Balance (Sep), Canada market holiday Tue: SARB Announcement, IEA OMR, UK Jobs Report (Aug/Sep), Swedish CPIF (Sep), German ZEW (Oct), Canadian CPI (Sep), New Zealand CPI (Q3) Wed: Bank of Indonesia Announcement, UK Inflation (Sep) Thu: ECB Announcement, CBRT Announcement, European Council…
-
Taiwan’s China Airlines says no political pressure on new aircraft order By Reuters
•
TAIPEI (Reuters) – Taiwan’s China Airlines is not facing any political pressure over its decision whether to buy Boeing (NYSE:) or Airbus planes to modernize its long-haul fleet, the chairman of Taiwan’s China Airlines said on Saturday. Taiwan’s largest airline was weighing the Boeing 777X and Airbus A350-1000 aircraft as…
-
Mixed signals in tech as Tesla tumbles and financials rally
•
Stock Heat Map By FinViz.com Fri, 11 Oct 2024 13:46:10 GMT Mixed signals in the technology space with Tesla faltering and financial conditions rising The US stock market presents a mixed tapestry of performance today, influenced by varying sentiment across sectors. The heat map displays contrasting movements, with particular emphasis…