Chinese delivery and warehousing firm JD Logistics surged during its debut on the Hong Kong Stock Exchange, amassing a stock market value of $34 million to make it the exchange's second-largest listing this year.
During its debut on Friday, JD Logistics shares rose 18.3% above its initial public offering (IPO)...
Kering SA, the owner of luxury brands such as Gucci and Saint Laurent, decided to sell its 5.9% stake in Puma SE; the equivalent to a $1 billion share in the company. In total, the French company sold 8.9 million shares to the value of 90.3 euros per share....
Concerns over market inflation swept across the UK on Wednesday due to the release of new data showing a surge in prices across the nation. According to figures provided by the Office for National Statistics, UK inflation more than doubled in the last month to 1.5%; slightly higher than...
After slipping from its $1.41 perch on Wednesday, the British Pound Sterling has regained some of its ground, stabilizing at a value a little over $1.41 on Thursday morning. This comes after the latest U.S. inflation data inflated the dollar's value.
The pound's strong position on Wednesday was largely secured...
SoftBank Group Corp. reported a 1.93 trillion yen ($17.7 billion) quarterly profit for the three-month period ending March 31st, resulting in the company setting the record for the largest ever net quarterly profit for a Japanese company. According to data, the majority of the conglomerate company's profit was generated...
Most Asian stocks embarked on a steady rise on Thursday morning, offsetting the losses incurred due to the continued breakdown of trade relations between China and Australia. This breakdown plummeted to a new low after Chinese officials a formal suspension of economic dialogue with Australia, as the Asian superpower...
Canadian auto parts manufacturing company Magna International reported on Thursday that its quarterly profit skyrocketed by more than 136%, as heavily increased vehicle demand led to a surge in the purchase of body structures, chassis, and powertrains. This quarterly profit increase sees Magna's full-year revenue outlook experience its own...
With jobless claims hitting their lowest point since the start of the coronavirus pandemic, signs increasingly point to a rapid economic recovery, which in turn has driven stock prices down. Most major groups in the S&P 500 slipped, with energy and tech stocks experiencing the largest declines. The Nasdaq...
A Reuters poll predicts that in 2021, the U.S. economy will grow at its fastest year-over-year pace in decades. However, it also predicted that COVID-19 would continue to be a hindrance over the next three months.
Economic forecasters have been increasingly optimistic recently, predicting that the American economy will grow...
Bank of America Corp joined its biggest rivals in capitalizing on the stock market bonanza that occurred this year. With the NYSE enduring a wild ride, BofA experienced a 17% rise in sales and trading throughout the first quarter, with equities and underwriting more than tripling.
During a conference call...