European shares slide, oil recovers, merchants await US jobs information

LONDON, August 5 (Reuters) – European stocks fell slightly on Friday but are still set for weekly gains, while traders await US jobs data late in the session to provide clues to the health of the world’s largest economy. The MSCI World Stock Index, which tracks stocks in 47 countries, was up 0.2% and is … Read more

BP raises dividend after income hit 14-year excessive

Profit soars to $8.45 billion, far exceeds forecast BP increases dividend by 10% CEO says BP boosts spending on oil and gas Profits driven by strong oil business, influenced by LNG LONDON, August 2 (Reuters) – BP’s (BP.L) Second-quarter profit jumped to $8.45 billion, its highest in 14 years, as strong margins and its refining … Read more

Asian shares slide with US yields on Pelosi jitters; Aussie drops

A man wearing a face mask, amid the coronavirus disease (COVID-19) pandemic, walks past a screen showing the Shanghai Composite, Nikkei and Dow Jones Industrial Average outside a company brokerage in Tokyo, Japan, February 14, 2022. REUTERS / Kim Kyung-Hoon Sign up now for FREE unlimited access to Reuters.com Register TOKYO, Aug 2 (Reuters) – … Read more

HSBC hangs up with Ping A farewell name, raises payout and revenue targets

HSBC reverts quarterly dividend from 2023 In order to attract investors with a higher return target Asian business analyst has huge risk London shares rise 6% LONDON / SINGAPORE, August 1 (Reuters) – HSBC (HSBA.L) pushed back proposal by China’s top shareholder Ping An Insurance Group Co (601318.SS) to split lenders, a move Europe’s biggest … Read more

World shares have finest month since late 2020, greenback slips

The MSCI World Index rose 0.3%; nearly 6% in the month The dollar fell 0.5% against a basket of major peers Markets bet US slowdown to rein in rate tightening LONDON/SINGAPORE, JULY 29 (Reuters) – Global stocks rose on Friday, their best month of course since late 2020 as traders bet a weakening US economy … Read more

Wall St elevated sharply within the second day; Amazon, Apple leapfrogging after hours

US economic contract in the second quarter Meta Platform revenue drops for the first time Ford shares rise after results Indices: 1% down, S&P 500 up 1.2%, Nasdaq up 1.1% NEW YORK, JULY 28 (Reuters) – U.S. stocks rose on Thursday for a second day, with all three major indexes ending more than 1% as … Read more

Nasdaq posts largest one-day acquire since 2020 after Fed fee hike

Microsoft, Alphabet results spark growth stocks Fed announces rate hike in a unanimous decision Indices: Down 1.4%, S&P 500 up 2.6%, Nasdaq up 4.1% NEW YORK, JULY 27 (Reuters) – Nasdaq rallied more than 4% on Wednesday in its biggest daily percentage gain since April 2020 as the Federal Reserve raised interest rates as expected. … Read more

The S&P 500 ended the session largely flat; Buyers regulate the Fed, earnings

Apple, Amazon.com among companies reporting earnings this week FOMC will start two-day policy meeting from Tuesday Miner Newmont falls after increasing annual cost forecast Indices: Down 0.3%, S&P 500 up 0.1%, Nasdaq down 0.4% NEW YORK, July 25 (Reuters) – The S&P 500 index witnessed on Monday and closed flat as investors backed the expected … Read more

China plans as much as $44 billion actual property fund for hard-hit sector, sources say

China Evergrande Group’s Evergrande Center is seen among other buildings in Shanghai, China, September 24, 2021. REUTERS / Aly Song Sign up now for FREE unlimited access to Reuters.com Register Fund size was initially set at 80 billion yuan -source The news comes as regulators scramble to reassure investors Funds alone won’t ‘solve all problems’ … Read more

Wall Road closes decrease as advert tech, social media shares fall

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., July 21, 2022. REUTERS / Brendan McDermid Sign up now for FREE unlimited access to Reuters.com Register Snap Inc stock plunges on slowing growth Media services stocks lead to industry decline AmEx raises revenue forecast on flexible card … Read more