finance

AMC shares soar nearly 23% after fund buys and flips $230 mln stake

A hedge fund that helped AMC Entertainment Holdings (AMC.N) raise $230 million quickly sold its stake in the world’s largest…

4 years ago

Stocks loiter around peaks as traders wait for data

Stocks chopped around record peaks on Tuesday, while the dollar was pinned near recent lows, as markets awaited U.S. jobs…

4 years ago

S.Korea’s inflation hits 9-year high as commodity prices jump

South Korea's consumer inflation accelerated to a more than nine-year high in May, reinforcing calls for gradual monetary tightening, though…

4 years ago

S&P 500 dips, as healthcare weighs; Dow ends higher

The S&P 500 (.SPX) dipped on Tuesday, with declines in healthcare and tech shares countered by energy and financial gains,…

4 years ago

Analysis: China’s banks are bursting with dollars, and that’s a worry

A mountain of dollars on deposit in China has grown so large that banks are struggling to loan the currency…

4 years ago

U.S. manufacturing gains steam; raw material, labor shortages mounting

U.S. manufacturing activity picked up in May as pent-up demand amid a reopening economy boosted orders, but unfinished work piled…

4 years ago

Zoom forecasts upbeat revenue, expects boost from hybrid work

Zoom Video Communications Inc (ZM.O) on Tuesday forecast current-quarter revenue above estimates, as increased adoption of hybrid work models by…

4 years ago

EU reaches deal on tax transparency for multinational firms

European Union government and parliament negotiators reached a deal on Tuesday on rules that will force large multinational companies to…

4 years ago

REUTERS EVENTS Bank of England’s Bailey unconvinced by carbon capital rules

Bank of England Governor Andrew Bailey said on Tuesday there was no case yet for making financial institutions set aside…

4 years ago

Only 13% of NatWest staff to return to office full-time

Britain's NatWest (NWG.L) expects only about 13% of its staff to return to primarily office-based working, the lender said on…

4 years ago