Europe rushes to fill up on Russian diesel before ban begins
European traders are rushing to fill tanks in the region with Russian diesel before an EU ban begins in February, as alternative sources remain limited.
BNPL lender Affirm’s shares tumble after gloomy full-year revenue forecast
Shares of Affirm Holdings Inc (AFRM.O) tumble 13% in premarket trading on Friday after the buy-now-pay-later lender’s full-year revenue forecast missed Wall Street estimates, underscoring the broader downturn in the fortunes of the once high-flying fintech sector.
Canada’s Scotiabank profit rises on lending strength in international unit
Bank of Nova Scotia reported third-quarter profit a touch below estimates on Tuesday, but earnings rose from a year earlier as strong loan growth, particularly in its international business helped offset challenges in its wealth and capital markets units.
With IPOs on ice, banks’ stock offering fees plummet
Recession fears and Russia’s invasion of Ukraine sent a chill through equity capital markets (ECM) in the second quarter, depriving bankers of lucrative fees for arranging stock sales such as initial public offerings (IPOs).
HSBC shares rise as markets warm up to break-up proposal by top shareholder
Shares in HSBC Holdings gained on Tuesday after its largest shareholder, Chinese insurance giant Ping An (601318.SS), urged a break-up of the London-headquartered bank in a bid to improve returns.
PayPal shares rise despite cut in annual profit view
PayPal Holdings Inc (PYPL.O) shares traded higher Wednesday even after the company lowered its full-year profit outlook, signaling that payments volumes could take a hit from surging inflation and the conflict in Ukraine.
Tencent posts slowest-ever sales rise; regulation impact set to ease
Revenue at Chinese social media and gaming giant Tencent (0700.HK) grew just 8% in the fourth quarter, the slowest pace since it went public in 2004, reflecting regulatory scrutiny that has hurt both its gaming business and advertising sales.
LIC’s looming IPO weighs on India insurer shares, investors say
Next month’s mammoth stock market debut for India’s Life Insurance Corporation (LIC) has battered shares in other insurers as investors trim their holdings to make room for the state-owned giant, fund managers and analysts said.
Analysis: Singapore bets on niche SPAC listings to capture tech boom
After years of struggling to emerge from the shadows of regional rivals, Singapore Exchange is looking to establish itself as the hub for blank-cheque firms, riding on regulatory overhaul, support by state firms, and a tech boom in its back yard.
Insurer MetLife’s quarterly profit beats on higher investment gains
MetLife Inc’s (MET.N) fourth-quarter profit rose nearly 7% to surpass Wall Street estimates on Wednesday, as strong investment gains cushioned the hit from higher pandemic-related claims in some parts of its business.
