(Reuters) – Franklin Resources reported higher-than-expected profit for the first quarter on Monday, thanks to strength in its equity and fixed-income products. Shares of the investment manager,[...]
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January 29, 2024
ECB lowers bar for lending to countries outside the EU
FRANKFURT (Reuters) – The European Central Bank said on Monday it would lower the bar for lending to central banks from outside the European Union in times of crisis. The changes should make it[...]
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China Evergrande ordered to liquidate in landmark moment for crisis-hit sector
By Clare Jim and Xie Yu HONG KONG (Reuters) – A Hong Kong court on Monday ordered the liquidation of property giant China Evergrande Group, dealing a fresh blow to confidence in the country[...]
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GM looks for a road out of Tesla’s shadow
By Joseph White DETROIT (Reuters) – General Motors CEO Mary Barra on Tuesday will face the challenge of convincing investors the No. 1 U.S. automaker will not be stuck in the same slow lane this[...]
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Microsoft set for AI-powered revenue surge as stock pulls ahead
By Yuvraj Malik (Reuters) – Microsoft is expected to report a 15.8% jump in quarterly revenue, its best growth in nearly two years, as rising adoption of its products infused with generative AI[...]
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Instant View: China Evergrande ordered to liquidate by Hong Kong court
(Reuters) – A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scrambl[...]
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IKEA cuts prices to boost sales as raw material costs ease
LONDON (Reuters) – IKEA is investing in price cuts on some products across a range of countries, including Belgium, Canada and India, as the furniture retailer aims to unwind increases it introd[...]
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Marketmind: Rate cut bets outweigh caution in risk-laden week
A look at the day ahead in U.S. and global markets from Naomi Rovnick. It’s a week laden with market risk events as traders ready for the Federal Reserve’s first interest decision of the y[...]
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Signa Holding faces claims of $9 billion – insolvency manager
VIENNA (Reuters) – The troubled European Signa holding company is facing claims totalling 8.613 billion euros ($9.32 billion), its court-appointed manager said on Monday, a figure that is 70% mo[...]
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