A look at the day ahead in European and global markets from Tom Westbrook Stocks around the world have travelled great distances to record peaks in recent days, but turned sideways this week while investors and central bankers alike wait on inflation data that could alter the course for interest rates. Figures on the French...
By Paritosh Bansal (Reuters) - Banks are finally signing up for a U.S. Federal Reserve funding backstop that has been lying nearly dormant for more than two years, putting them in a stronger position to deal with any stress. But it is unclear whether they will want to use it in a crisis. The Standing...
By Ariba Shahid KARACHI (Reuters) - Alibaba-owned e-commerce platform Daraz Group has announced layoffs across the group to \"adopt a more streamlined and agile structure\", acting Chief Executive Officer James Dong said on Tuesday in an internal memo to employees reviewed by Reuters. The memo did not mention the number of people affected by the...
By Tom Westbrook SINGAPORE (Reuters) -Asian shares slipped on Tuesday, with slightly warmer-than-expected Japanese inflation putting investors on guard ahead of price data due in Europe and the U.S. this week, though bitcoin extended gains on signs that institutional buyers are circling. The yen steadied at 150.50 to the dollar and inched off a three-month...
By Gabriel Araujo SAO PAULO (Reuters) - Principal Financial Group (NASDAQ:PFG)\'s asset management business is bullish on Latin American equities as interest rates come down and valuations remain at compelling levels in the region, a top executive told Reuters. The company\'s portfolio for emerging markets has an \"overweight\" rating on Latin America, with Brazil being...
- European stock markets traded largely unchanged Tuesday, struggling for direction as investors wait on inflation data that could impact the course for interest rates. At 03:05 ET (08:05 GMT), the DAX index in Germany traded 0.1% higher, the FTSE 100 in the U.K. gained 0.1%, while the CAC 40 in France fell 0.1%. Caution...
On Tuesday, Jefferies made a minor adjustment to its stance on Agiliti Inc (NYSE:AGTI), downgrading the medical equipment stock from Buy to Hold and setting a new price target of $10.00, a slight decrease from the previous $10.50. The downgrade was prompted by news that THL Partners, Agiliti\'s majority shareholder, had reached an agreement to...
On Tuesday, Jefferies initiated coverage on Open Text (NASDAQ:OTEX) Corporation (NASDAQ:OTEX) by assigning the stock a Buy rating and establishing a price target of $45.00. The firm anticipates that Open Text will achieve low single-digit organic revenue growth and incremental margin expansion. These factors are expected to contribute to the scaling of free cash flow...
By Linda Pasquini (Reuters) -Puma on Tuesday said it expects a weak first half of the year in a challenging market for sportswear, but shares in the German sportswear brand climbed as it kept its dividend and stuck to the annual targets it set in January. Sportswear companies including Adidas (OTC:ADDYY), Nike (NYSE:NKE), and Puma,...
FALLS CHURCH, Va. – Lynk Global, Inc., a leader in satellite-direct-to-mobile communications, has signed a contract with Turkcell, Turkiye\'s largest mobile operator, to initiate Sat2Phone services. The partnership aims to enhance network resilience and extend mobile coverage throughout Turkiye, benefiting residents, businesses, and tourists. Turkcell, which has been dual-listed on the New York Stock Exchange...