Asian Stocks Muted Amid Fed Fears, China Buoyed By Stimulus Hopes
Most Asian stocks kept to a tight range on Monday as markets awaited more cues on monetary policy from a slew of Federal Reserve events this week, while Chinese stocks rose sharply on the prospect of more stimulus spending by the government. China’s Shanghai...
More Than 2 Million Toyota Users Face Risk of Vehicle Data Leak In Japan
Toyota Motor Corp said on Friday the vehicle data of about 2.15 million users was left publicly available in Japan for about a decade from November 2013 to mid-April. The incident comes as the world’s biggest automaker by sales makes a push into vehicle...
Gold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes
Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for the...
Pfizer Pledge For More Equal Access to Rsv Shot Faces Hurdles
Pfizer Inc (NYSE:PFE) has pledged to deliver critical new medicines more quickly in low-income nations, but its first such vaccine effort faces hurdles likely to delay distribution in poorer countries by several years, global health officials told Reuters. Pfizer made a commitment on more...
HSBC Logs Sharp Jump In Q4 Profit, Flags Special Dividend
HSBC Holdings PLC (LON:HSBA) logged a sharp jump in its fourth-quarter profit on Tuesday as rising interest rates greatly boosted its net interest income, while the bank also flagged a special dividend on the sale of its Canadian business. HSBC’s profit before tax for...
Oil Prices Rise On Weak Dollar As Markets Price in Less Hawkish Fed
Oil prices rose slightly on Monday as a brewing banking crisis in the U.S. spurred expectations that the Federal Reserve will soften its hawkish rhetoric in the coming months, although caution still persisted over a potential economic fallout. Oil markets benefited from weakness in...
Gold Prices Mixed, Copper Sinks On Weak China GDP Target
Gold prices were mixed on Monday amid some uncertainty over U.S. monetary policy, while copper prices retreated sharply as major importer China set a weaker-than-expected GDP target for 2023, undermining expectations of a strong recovery in demand. Bullion prices were aided by a drop...
European Stocks Lower; Banking Sector Slumps After Swiss Consolidation
European stock markets traded sharply lower Monday, with the banking sector hard hit in the wake of the deal to consolidate the two Swiss banking giants, UBS and Credit Suisse . At 05:00 ET (09:00 GMT), the DAX index in Germany traded 0.7% lower,...
Toshiba Cuts Full-Year Profit Estimate, COO Resigns
Japan's Toshiba (OTC:TOSYY) Corp on Tuesday reported an 87.5% drop in third-quarter operating profit and cut its full-year earnings estimate for a second time. It also said Chief Operating Officer Goro Yanase had resigned over the inappropriate use of entertainment expenses in 2019 when...
Inflation Could Make Or Break Rebounding 60/40 Portfolio
An investing strategy designed to hedge against market declines is rebounding after a rough year, but its success may hinge on whether inflation continues to ebb in coming months. So-called 60/40 portfolios typically allocate 60% of their assets to stocks and the rest to...