Stock market

IMF initiates second review of Ukraine's $15.6 billion loan program amid economic recovery
September 25, 2023 07:26 PM AEST| By InvestingAn International Monetary Fund (IMF) monitoring mission began the second review of a $15.6 billion multi-year loan program for Ukraine on Monday. Vahram Stepanyan, IMF's resident representative, annou

EU regulators block Booking Holdings' $1.7 billion acquisition of Etraveli Group
September 25, 2023 07:20 PM AEST| By InvestingIn a move that is set to shake the online travel agency market, the European Union's merger regulators have halted Booking Holdings (NASDAQ:BKNG) Inc.'s acquisition of Sweden's Etraveli Group. The pro

Middle East's $1.9 trillion hospitality sector led by KSA, UAE, and Egypt
September 25, 2023 06:56 PM AEST| By InvestingHospitality and residential projects worth $1.9 trillion are currently under development in the Middle East, with Saudi Arabia, United Arab Emirates and Egypt at the helm of these investments, account

Rupee's rally short-lived, Nomura maintains pessimistic outlook
September 25, 2023 06:42 PM AEST| By InvestingIn a turn of events this Monday, the Indian rupee failed to sustain its rally following its inclusion in JPMorgan (NYSE:JPM)'s flagship emerging market index, currently trading at a weaker level of 83

Yoon Jong-kyoo steps down as KB Financial Group chair, expresses hopes for global top 20 ranking
September 25, 2023 06:42 PM AEST| By InvestingKB Financial Group's outgoing chairman, Yoon Jong-kyoo, expressed his hopes for the future of the group during a press conference on Monday at the group's headquarters in Seoul. Yoon, who has served a

EKI Energy shares slump amid financial setbacks, optimistic about recovery post COP 28
September 25, 2023 06:32 PM AEST| By InvestingEKI Energy Services, a firm involved in carbon credits development and supply, saw a significant 10% drop in its shares on Monday, September 25, 2023. This decline followed an 85.53% decrease in the c

ECB's de Cos asserts maintaining borrowing costs could align inflation with target
September 25, 2023 06:30 PM AEST| By InvestingPablo Hernandez de Cos, a member of the European Central Bank's (ECB) Governing Council, stated on Monday that keeping current borrowing costs stable could help Euro-area inflation align with the ECB'

TSMC's 2nm chip production potentially delayed amid global semiconductor slowdown
September 25, 2023 06:30 PM AEST| By InvestingTaiwan Semiconductor Manufacturing Company (TSMC), the world's leading semiconductor foundry, may experience a delay in its planned 2nm chip production. Originally slated for 2025, the production coul

UBS Group sees positive trend in recouping funds withdrawn prior to Credit Suisse acquisition
September 25, 2023 06:24 PM AEST| By InvestingThe CEO of UBS Group AG (SIX:UBSG), Sergio Ermotti, has noted a promising trend in the recovery of funds that were previously withdrawn by clients from Credit Suisse (SIX:CSGN) prior to its acquisitio

Qualcomm to unveil two variants of Snapdragon 8 Gen 3 chipset next month
September 25, 2023 06:12 PM AEST| By InvestingIn a series of recent developments, Qualcomm (NASDAQ:QCOM) is preparing to announce the Snapdragon 8 Gen 3 chipset at the upcoming Snapdragon Summit in Hawaii. The semiconductor giant plans to reveal

ECB's Villeroy advocates patience in monetary policy amid rising oil prices
September 25, 2023 06:12 PM AEST| By InvestingEuropean Central Bank (ECB) Governing Council member Francois Villeroy de Galhau, in a speech on Monday, stressed the importance of a patient approach towards the current monetary policy. He warned ag

Record-breaking pre-order waiting times for new iPhone models
September 25, 2023 06:10 PM AEST| By InvestingMonday saw record-breaking pre-order waiting times for Apple Inc (NASDAQ:AAPL).'s latest offerings, the iPhone 15 and its high-end variant iPhone 15 Pro Max, suggesting a surge in demand. According to

Lumi Rental Co. shares surge 30% in trading debut following $290 million IPO
September 25, 2023 06:10 PM AEST| By InvestingSaudi Arabian car rental service, Lumi Rental Co., witnessed a significant uptick in its share price during its trading debut on Monday, with an impressive 30% surge following a $290 million initial p

Semiconductor index signals potential pullback in broader stock market
September 25, 2023 06:10 PM AEST| By InvestingThe S&P Semiconductors Select Industry Index, a key market barometer, has shown signs of faltering, indicating potential challenges for the broader stock market. Unlike other broad stock market indexe

Deutsche Bank's shares struggle against S&P 500 as Q3 results loom
September 25, 2023 05:52 PM AEST| By InvestingDeutsche Bank (ETR:DBKGn)'s stock, currently valued at $11 per share, has seen a 7% decrease year-to-date (YTD), underperforming the S&P 500 index which has experienced a 15% increase over the same ti

Updater Services launches IPO aiming to raise Rs 640 crore
September 25, 2023 05:52 PM AEST| By InvestingUpdater Services, an integrated facilities management firm, initiated its initial public offering (IPO) on Monday. The company aims to raise around Rs 640 crore (Rs 1 crore = $120,316) and the offerin

State Bank of India shares dip following announcement of infrastructure bond issuance
September 25, 2023 05:52 PM AEST| By InvestingShares of the State Bank of India (SBI), the country's largest lending institution, fell by 0.35%, equivalent to INR 2.10, on Monday, settling at INR 596.00. The decline followed an announcement from

European stocks mixedl; German Ifo sentiment data due
September 25, 2023 05:48 PM AEST| By InvestingHer colleague Francois Villeroy de Galhau said earlier Monday that the ECB has reached the point where it needs to be wary of raising interest rates too high and should try to avoid a hard landing of

Mixed global market performance amid economic reform anticipation in China
September 25, 2023 05:44 PM AEST| By InvestingGlobal markets exhibited mixed results last Friday as investors closely watched potential economic reforms in China and anticipated fiscal stimulus from Beijing. The Hang Seng Index in Hong Kong ralli

Aoyuan shares nosedive amid China's real estate market slump
September 25, 2023 05:44 PM AEST| By InvestingChina Aoyuan Group's shares experienced a significant drop on Monday, marking a rocky return to trading after over a year's hiatus. The Guangzhou-based property developer's shares fell by a sharp 74%

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