Stock market

U.S. and Iran move towards thawing relations amid global oil market dynamics

The United States and Iran have recently taken significant steps towards improving their strained relationship, a development that could have substantial implications for the global oil market. The U.

Reflation trade loses steam despite recent inflation surge

In a twist of events, the so-called reflation trade, which has been a dominant market theme following an unexpected inflation surge, appears to be losing momentum. Despite the recent rise in oil price

Maersk and CMA CGM join forces for greener shipping, setting ambitious net zero targets

Global shipping giants A.P. Moller - Maersk A/S (Maersk) and CMA CGM announced a collaborative effort aimed at accelerating the decarbonization of the shipping industry. The companies have set an ambi

Societe Generale's new strategy prompts sharp stock drop

On Monday, shares in French bank Societe Generale (OTC:SCGLY) plunged over 10% following the unveiling of a new strategy by the bank's CEO, Slawomir Krupa. The strategic plan, which Krupa described as

UAE raises $1.5 billion in bond sale, receives orders worth over $6.8 billion

The United Arab Emirates (UAE) successfully raised $1.5 billion through a bond sale on Tuesday, marking its first venture into international debt markets in over a year. The 10-year security was price

Apple's iPhone 15 sees strong demand, pushes delivery times to late October

Apple Inc (NASDAQ:AAPL).'s newly launched iPhone 15 is seeing robust consumer demand, leading to extended lead times for its Pro and Pro Max models. The increased demand was reported by Goldman Sachs

Bank of England likely to hike rates for 15th time, signals suggest peak nearing

The Bank of England is anticipated to raise interest rates this Thursday for the 15th consecutive time, potentially pushing the rate to 5.5%. This move, expected by the market, has projected a 70% lik

ASX cautious ahead of central bank decisions, S&P/ASX 200 down 0.47%

On Tuesday, the S&P/ASX 200 (INDEXASX: XJO) ended the day lower by 0.47% at 7196.60 points, as investors adopted a cautious stance ahead of key decisions from several central banks later in the week.

Credit Suisse ordered to pay $742.7m in ongoing legal dispute

In a noteworthy development in an ongoing legal dispute, a unit of Credit Suisse (SIX:CSGN) has been ordered by a Singaporean court to pay $742.7 million to billionaire Bidzina Ivanishvili on Tuesday.

Signature Global raises $43 million ahead of IPO, set to list on BSE and NSE

Signature Global, an Indian real estate company, successfully raised INR 318.5 crore ($43 million) from 19 anchor investors, including Goldman Sachs (NYSE:GS) and Morgan Stanley (NYSE:MS), on Tuesday.

Energy sector shines as Australian market dips amid rate concerns

The Australian Securities Exchange (ASX) experienced a broad decline on Tuesday, with the energy sector being the only one to close higher. Local shares fell by almost half a percent as gains in energ

Apple iPhone 15 launch sees major carriers offer hefty promotions

Major wireless carriers, including AT&T (NYSE:T), T-Mobile, and Verizon (NYSE:VZ), are accepting pre-orders ahead of the Friday launch of Apple (NASDAQ:AAPL)'s iPhone 15. According to MoffettNathanson

Bitcoin's market dominance on the rise amid a volatile crypto landscape

The market dominance of Bitcoin (BTC), the leading cryptocurrency, has been on an upward trend, despite its price remaining relatively stable over the past month. As of Tuesday, Bitcoin accounted for

FirstGroup secures new National Rail Contract for West Coast Partnership

FirstGroup plc and Trenitalia UK Ltd have secured a new nine-year National Rail Contract (NRC) with the UK's Department for Transport (DfT) for the West Coast Partnership (WCP). The contract, which is

Earnings call: Stitch Fix outlines future strategy and reports fiscal 2023 results

Stitch Fix (NASDAQ:SFIX), the personal styling service, held its fourth quarter and full fiscal year 2023 earnings call, during which CEO Matt Baer and CFO David Aufderhaar outlined the company's futu

RR Kabel set for Dalal Street debut, grey market signals mild listing pop

RR Kabel, a prominent player in the Indian consumer electrical industry, is poised to make its debut on Dalal Street on Wednesday, September 20. The company's shares were commanding a premium of Rs 95

Investor trends shift towards alternative fee structures in financial advisory services

A significant change in investor preferences towards alternative fee structures in financial advisory services is shaping the industry, as reported on Monday. This shift from the traditional assets un

Nordea Bank cancels 12.3 million treasury shares

In a move towards capital optimization, Nordea Bank Abp (OTC:NRDBY) cancelled 12,285,688 of its treasury shares today, as announced in a stock exchange release. The decision, made by the Board of Dire

European stocks mixed; Fed meeting, eurozone CPI prompt caution

U.S. national debt surpasses $33 trillion amid looming fiscal concerns

The U.S. national debt has crossed the $33 trillion threshold for the first time, as reported by the Treasury Department on Monday. This milestone comes at a time when Congress is grappling with poten