Stock market

Federal Reserve expected to hold interest rates steady, experts predict

Financial markets are eagerly awaiting the U.S. Federal Reserve's decision on interest rates this September, with many investors predicting a pause in rate hikes, according to investment experts Jim S

Kasikornbank launches $100m fund to boost AI, Web3 startups, eyeing Asia Pacific expansion

In a move to foster technological innovation, Kasikornbank, the second-largest commercial bank in Thailand, announced the launch of a $100 million fund named KXVC on Wednesday. The fund aims to invest

Housing affordability crisis deepens as mortgage rates hit multi-decade highs

The ongoing housing affordability crisis in the United States is showing no signs of abating, with mortgage rates currently at their highest since the early 2000s. This comes after a brief dip last ye

India shares lower at close of trade; Nifty 50 down 1.15%

Investing.com – India equities were lower at the close on Wednesday, as losses in the Metals, Real Estate and Banking sectors propelled shares lower.

A banner day for Pinterest; IBM picks up an upgrade: 5 big analyst picks

Pinterest (NYSE:PINS) was raised to Buy/High Risk from Neutral at Citi on Wednesday with a $36.00 price target, up from the prior $31.00.

M&G shares surge as H1 profits beat expectations, announces bulk annuity purchases

M&G, a prominent financial services firm listed on the FTSE 100, saw its share prices rise by 3.8% on Wednesday, trading at 206.9p. This surge followed the release of the company's first-half earnings

UniCredit plans €2.5 billion share buyback, pending shareholder approval

Italian banking giant UniCredit announced on Wednesday its intention to initiate a €2.5 billion ($2.67 billion) tranche of the 2023 Share Buyback Program, subject to the green light from shareholder

Philip Morris considers selling stake in Vectura to boost healthcare and wellness division

Philip Morris International Inc. (NYSE:PM), the maker of Marlboro cigarettes, is contemplating selling a stake in its largest pharmaceutical unit, Vectura. The company is exploring this move as part o

Global debt surge and slow globalization pose economic risks, says former ECB president

Jean-Claude Trichet, former president of the European Central Bank (ECB), warned on Wednesday about the escalating global debt and the slowdown in globalization as significant risks to the world econo

Sub-Saharan Africa takes the lead in global Bitcoin adoption, outpacing North America and Eastern Europe

The adoption and use of Bitcoin in Sub-Saharan Africa has surged to the highest globally, according to the 2023 Geography of Cryptocurrency Report by Chainalysis. The report, published yesterday, focu

Denmark's economy set for stronger expansion, driven by pharmaceutical industry

Denmark's central bank has revised its economic growth predictions for the country, projecting a more robust expansion through to 2025. The latest figures, released on Wednesday, indicate a significan

Dow futures edge higher; Fed decision due

M&G Plc's assets under management suffer unexpected decline in first half of financial year

London-based asset management firm, M&G Plc, reported a significant decline in its assets under management and administration for the first half of the financial year, falling short of market analysts

Digikore Studios set to launch IPO on September 25

Digikore Studios, a prominent player in the visual effects industry, known for its work on popular TV shows and Hollywood blockbusters such as Stranger Things, Deadpool, Star Trek, Thor: Love and Thun

U.S. markets on edge ahead of Federal Reserve's policy decision

The U.S. financial market exhibited minimal changes early Wednesday as traders eagerly awaited the Federal Reserve's policy decision, scheduled for 2 p.m. Eastern. The cautious sentiment was reflected

Zcash grapples with network dominance issue, considers proof-of-stake shift

The cryptocurrency network Zcash is confronting a challenge of dominance as over half of its network hashrate is now controlled by a single mining pool, Viabtc. As of Tuesday, Viabtc held 53.69% of th

Oracle teams up with Applied Invention to develop open standard for network and data security

Oracle (NYSE:ORCL) announced on Wednesday its participation in an industry-wide initiative to establish a new open standard for network and data security, aimed at enhancing data protection in distrib

Reserve Bank of India imposes penalties on four cooperative banks for regulatory non-compliance

The Reserve Bank of India (RBI) has imposed monetary penalties on four urban cooperative banks, including National Co-operative Bank Ltd, Harij Nagrik Sahakari Bank Ltd, Co-operative Bank of Mehsana L

Goldman Sachs warns of potential market volatility surge

Goldman Sachs (NYSE:GS) has issued a warning to investors about the potential for an increase in market volatility. John Marshall, the bank's derivatives strategist, pointed out on Wednesday that the

Clientèle hikes dividend amid concerns over sustainability

Clientèle Limited, listed on the Johannesburg Stock Exchange (JSE:CLI), announced on Wednesday an increase in its annual dividend payout, set to take effect on September 26. The new dividend will be