Banking

Walmart beats estimates for sales on stimulus spending boost, raises profit forecast

Walmart Inc (WMT.N) raised its full-year earnings forecast on Tuesday and beat estimates for same-store sales as it benefited from…

5 years ago

Italy’s Berlusconi family sells Mediobanca stake

Former Italian Prime Minister Silvio Berlusconi's family has sold its 2% stake in Mediobanca (MDBI.MI), in the latest change affecting…

5 years ago

EEX market leader in Japan power futures after first year

The European Energy Exchange (EEX) could double the number of participants in its Japanese power futures market from around 20…

5 years ago

Sustainable finance scramble reaches currency derivatives market

A rush by companies to boost their sustainability claims has reached foreign exchange markets in the form of currency hedging…

5 years ago

Some big U.S. hedge funds loaded up on SPACS, value stocks during first quarter

A number of well-known U.S. hedge funds bought value stocks and blank-check acquisition companies, selling some winners from the technology-led…

5 years ago

Global stocks press pause, gold hits 3-mth high on inflation concerns

Global shares hit the pause button and gold briefly crested a three-month high as surging COVID-19 cases in some Asian…

5 years ago

Bitcoin hits 3-month low and then rallies on Musk tweets

Bitcoin rallied from a three-month low on Monday in a volatile session that saw investors initially selling and then buying…

5 years ago

Yet another EU threat, says UK PM’s spokesman over French financial services move

A French move to delay a European Union financial services deal with Britain over fishing access is another example of…

5 years ago

A Zoom-free Friday afternoon will be incorporated by HSBC

HSBC is preparing Zoom-free Friday afternoons for many UK workers in an effort to alleviate stress caused by working from…

5 years ago

Asia shares fall on worries over inflation, Fed outlook

Asian shares declined in early trade on Tuesday as Wall Street retreated on worries about accelerating inflation, prompting investors to…

5 years ago