By Chibuike Oguh NEW YORK (Reuters) – Shares of financial services firm B. Riley plummeted nearly 35% on Monday, extending losses for the fourth consecutive session, after it disclosed unrealized investment losses and S&P Global Ratings downgraded a key asset. The boutique Los Angeles-based investment bank said last week that it was forced to mark …
B. Riley shares plummet after taking losses on Franchise Group deal Read More »
By Sinéad Carew and Sruthi Shankar (Reuters) – The S&P 500 closed Monday’s session slightly down as investors held their breath before a crucial inflation reading that could provide clues as to how long the U.S. Federal Reserve will keep interest rates elevated. After the indexes enjoyed a solid rally on Friday, the market turned …
S&P 500 takes a pause ahead of U.S inflation data Read More »
By Sourasis Bose and Valentine Hilaire (Reuters) -First Quantum Minerals has reduced ore processing at its Cobre Panama mine as protests against the project block port access, the Canadian miner said on Monday, the first sign that output at one of the world’s biggest copper mines could at be risk. The disruption was caused by …
Protests force First Quantum to reduce copper ore processing at Panama mine Read More »
(Reuters) – Novo Nordisk shares rose 3.3% on Monday as the market reacted to data the drugmaker presented over the weekend showing that the heart protective benefits of its popular obesity drug Wegovy are not solely due to weight loss. The data presented on Saturday at a major medical meeting in the U.S. gave investors …
Novo Nordisk shares rise as Wegovy shows heart benefits beyond weight loss Read More »
By Pesha Magid DUBAI (Reuters) – Saudi Arabia’s newest airline Riyadh Air is still in talks with planemakers to place an order for narrow-body jets, its chief operating officer said on Monday. The airline, owned by the kingdom’s sovereign wealth fund and due to start operations in 2025, said this month it would buy a …
Riyadh Air still in narrow-body jet order talks, COO says Read More »
By Alexander Cornwell DUBAI (Reuters) – The exhibition stands of Israeli weapons makers Israel Aerospace Industries (IAI) and Rafael Advanced Defense Systems were empty at the start of the opening day of the weeklong Dubai Airshow on Monday, amid the Israel-Hamas war in Gaza. It was not immediately clear why there were no staff at …
Israel weapons makers leave stands empty at Dubai Airshow Read More »
(Reuters) – Morgan Stanley said on Monday it expects the S&P 500 to end 2024 at 4,500, and predicted earnings recovery through the year. The target represents a 2% upside from current levels. The index on Friday closed 1.6% higher at 4,415.24. Strategists at the brokerage led by Michael Wilson expect a 7% uptick in …
Morgan Stanley sees S&P 500 ending 2024 at 4,500 Read More »
(Reuters) -Former Canadian fashion mogul Peter Nygard was found guilty of four counts of sexual assault by a Toronto jury on Sunday, according to CBC News. Nygard, 82, was on trial in the Ontario Superior Court for five counts of sexual assault and one count of forcible confinement charges linked to incidents between the 1980s …
By Lewis Jackson and Scott Murdoch SYDNEY (Reuters) -Australian pension fund AustralianSuper said on Monday it had rejected an “eleventh hour” offer from a Brookfield-led consortium and its partner EIG to drop its opposition to their $10.5 billion bid for Origin Energy and join the takeover. Australia’s largest pension fund reaffirmed its intention to reject …
AustralianSuper rejects Brookfield offer to join $10.5 billion Origin takeover Read More »
(Reuters) – Australia’s third-largest lender ANZ Group Holdings reported a record annual cash profit on Monday as it continued to manage costs while operating in a high-interest rate environment, leading to growth in both lending and deposits. The country’s No.3 lender posted cash profit of A$7.41 billion ($4.51 billion) for the year ended Sept. 30, …
Australian lender ANZ posts record annual profit amid high interest rates Read More »
