Stock market

U.K. inflation projected to increase to 7% in August, complicating Bank of England's decisions

The United Kingdom's inflation rate is anticipated to have risen from 6.8% in July to 7% in August, according to a Bloomberg survey of over 30 estimates published on Tuesday. If confirmed, this will b

U.S. stock futures hint at cautious optimism ahead of Federal Reserve's decision

U.S. stock futures indicated a slight uptick on Tuesday, as traders cautiously anticipated the Federal Reserve's interest rate decision and accompanying statements expected to be released midweek. The

Societe Generale's new strategic plan disappoints, shares drop

Shares of French bank Societe Generale (EPA:SOGN) (OTC: OTC:SCGLY) fell by 7.1% in early trading on Monday, following the announcement of a new strategic plan for the period up to 2026. The plan, pres

Rising oil prices challenge Fed's inflation and growth strategy

The Federal Reserve is grappling with the challenge of rising oil prices as it attempts to guide the economy towards a seldom-seen soft landing. The surge in energy costs, driven by supply cutbacks fr

Citi launches token services to enhance cash management and trade finance

In a move aimed at revolutionizing cash management and trade finance operations, Citi Treasury and Trade Solutions (TTS) has launched its product, Citi Token Services. The service aims to transform cu

Doosan Robotics gears up for market debut with $1.3 billion valuation

Doosan Robotics, a South Korean manufacturer of collaborative robots, is set to make its market debut on October 5, 2023. The company's robots, designed to work in tandem with humans in performing tas

Tesla anticipates lower Q3 delivery figures, stock value sees impact

As the third quarter of 2023 nears its end, Tesla (NASDAQ:TSLA) Inc. is preparing for its upcoming quarterly delivery report, expected in approximately two weeks. The trend of Wall Street analysts rev

Oil prices reach new highs amid supply restrictions and production curb

Oil prices reached new highs on Tuesday, as traders factored in the implications of supply restrictions. This surge in prices is a result of production curbs by Russia and Saudi Arabia leading to a ti

Dell Technologies shares rise after Daiwa analysts upgrade outlook

Investing.com -- Shares in Dell Technologies (NYSE:DELL) moved higher in premarket U.S. trading on Tuesday after analysts at Daiwa Capital Markets improved their rating of the personal computer maker

U.K. central bank hikes rates to 15-year high amid rising inflation and banking sector impairments

In an effort to curb soaring inflation, the central bank has escalated its primary interest rate from 0.1% in December 2021 to a 15-year peak of 5.25%. Further, the market anticipates another increase

Kingfisher Plc lowers profit forecast amid challenging European market conditions

Kingfisher (LON:KGF) Plc, a leading home improvement group, has revised its profit forecast for the current financial year due to a challenging economic landscape in key European markets. The company

Tradeweb expands Yen swap trading with automated workflows via JSCC

Tradeweb Markets (NASDAQ:TW) has introduced a new feature for institutional clients, allowing them to clear Japanese Yen swaps through the Japan Securities Clearing Corporation (JSCC), according to an

Dow futures edge higher ahead of start of crucial Fed meeting

Dell a buy on AI and bolstered demand: 5 big analyst picks

Xiaomi prepares to launch new Redmi 12 and Note 13 series

On Tuesday, Xiaomi (OTC:XIACF) Philippines announced the upcoming unveiling of the Redmi 12, set for Wednesday, September 20, 2023. The latest addition to the Redmi series is expected to feature a 50M

Bank of England cautioned against rate hike amid fragile housing market recovery

The National Association of Property Buyers (NAPB) has urged the Bank of England to refrain from a 15th consecutive interest rate hike this week, warning that such a move could be a "tipping point" fo

Analyst ratings shuffle for London-listed shares: HSBC, Goldman Sachs and Barclays update targets

The London stock market saw a flurry of analyst recommendations on Tuesday, with several FTSE 100 and FTSE 250 companies receiving revised price targets and ratings. Leading financial institutions suc

Moderna and Unity Software face stock declines amid broader market uncertainty

In a week marked by anticipation over the Federal Reserve's upcoming interest rate decision, Wall Street saw subdued trading activity on Monday. However, two large-cap stocks, Moderna (NASDAQ:MRNA) an

Laser Digital launches Bitcoin Adoption Fund for institutional investors

Laser Digital Asset Management, a subsidiary of Nomura, announced the launch of their Bitcoin Adoption Fund on Tuesday. The fund aims to provide a cost-effective and secure investment solution for ins

UnionBank of the Philippines gets green light for virtual asset services

UnionBank of the Philippines has received a Certificate of Authority from the Bangko Sentral ng Pilipinas (BSP) to operate as a virtual asset service provider, marking it as the first universal bank i