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Publisher simon & schuster sold to kkr in $1.6bn deal
Publishing heavyweight Simon & Schuster has been acquired by private equity firm KKR for $1.6 billion. This move concludes a prolonged search by its p...
August 8, 2023, 2:46 am
Buffett's berkshire hathaway swings to $36b profit, apple stake swells in q2
Warren Buffett's Berkshire Hathaway reported net income of $35.91 billion for the second quarter, boosted by stock holdings such as Apple....
August 5, 2023, 12:50 pm
Carnival, royal caribbean: hedge funds hit for $6bn as cruise firms stay afloat
Hedge funds have faced over $6 billion in losses this year by betting against U.S. cruise lines and hotels, underestimating the resilience of American...
August 4, 2023, 2:51 am
Interactive brokers’ july 2023 metrics reflect client equity of $386bn
Its reports indicated a 19% increase in year-over-year (YoY) client accounts, which came in at 2.33m. Despite only boasting a 2% rise compared to the ...
August 2, 2023, 9:54 am
Interactive brokers’ customer accounts jump as equity reaches $386b in july
Interactive Brokers, one of the largest electronic trading platforms in the world, published its metrics for July 2023 today (Tuesday), reporting a 19...
August 1, 2023, 9:00 pm
Diageo hits profit targets thanks to premium spirit sales
British alcoholic spirits purveyor Diageo plc has reported net sales of £17.12bn in the 2023 financial year, representing 10.7% in year-on-year grow...
August 1, 2023, 3:04 am
Hsbc launches new buyback as profit more than doubles
HSBC PLC launched a new US$2bn share buyback and revised guidance upwards as profit in the first half of 2023 more than doubled. The Asia-focused lend...
August 1, 2023, 2:24 am
Quiet asia session sees higher equities
– On Asia’s first day of trading after BOJ Gov Ueda’s initial policy tweak last Friday (announced 10-yr JGBs band increased to 1.0%), today 10-y...
July 31, 2023, 6:44 am
Checkpoint therapeutics: cosibelimab data bolsters case for dual-approval in cscc
Checkpoint Therapeutics announced updated, longer-term data for cosibelimab from their pivotal trial in locally advanced and metastatic cutaneous squa...
July 30, 2023, 4:19 am
Stanchart hikes dividends and buyback as china slowdown doesn't stop profits jump
Standard Chartered PLC (LSE:STAN) promised to “imminently” launch a US$1bn share buyback after making higher profits in the second quarter tha...
July 28, 2023, 3:13 am
Natwest strikes back with buy-back and bumper profits
NatWest Group PLC (LSE:NWG) looked to regain the faith of shareholders, after a turbulent week, with strong profits, a share buy-back and solid divide...
July 28, 2023, 2:31 am
Centrica profits soar as energy crisis costs recovered
British Gas owner Centrica PLC (LSE:CNA) has recorded bumper profits during the six months to June, prompting a new wave of investment, a higher divid...
July 27, 2023, 3:01 am
Youtube's ad revenues for first time in year as advertisers return
Streaming platform YouTube's second-quarter ad revenues bucked the trends after rising year-on-year. Revenues derived from adverts rose by 4.4$ to US$...
July 26, 2023, 4:22 am
London court rebirths $3.46b forex scandal. second chance for justice
In a significant development today (Tuesday), the London court reignited a $3.46 billion mass lawsuit against leading banks, including JPMorgan and Ci...
July 25, 2023, 10:54 am
Chevron expects to report $6b profit for 2q; shares rise
Chevron shares added more than 3% after the oil and gas giant released preliminary second quarter results that topped the Street's expectations. The c...
July 24, 2023, 12:11 pm
Citigroup: still not getting the respect it deserves - shares cheap
Citigroup stock continues to underperform despite its relatively cheap valuation, with investors concerned about the execution risks of its business t...
July 23, 2023, 10:39 am
Pboc sets usd/ cny reference rate for today at 7. 1466 (vs. estimate at 7.2233)
People's Bank of China set the onshore yuan (CNY) reference rate for the trading session ahead.USD/CNY is the onshore yuan. Its permitted to trade plu...
July 20, 2023, 1:15 am
Tesla directors hand back $735mln to settle claims they overpaid themselves
Tesla Inc (NASDAQ:TSLA) directors, including chief executive Elon Musk, have been forced to return US$735mln of cash and stock options back to the c...
July 18, 2023, 3:47 am
Xrp tops bitcoin on upbit with $2.6b in trading volume in 24 hours
The crypto community celebrated the win and many called it a watershed moment while others pointed towards the partial factor. Read Full Story The pos...
July 14, 2023, 11:29 am
Duke energy is still worth buying
Duke Energy plans to achieve net-zero carbon emissions by 2050. They plan on investing $56b into renewa...
July 10, 2023, 9:15 pm