Indian shares were slightly lower on Monday, tracking weakness in global markets. U.S. political uncertainty weighed after U.S. President Joe Biden decided to end his re-election campaign against former President Donald Trump and offered his \"full support and endorsement\" for Vice-President Kamala Harris as the presidential nominee for the Democratic Party. The benchmark S&P BSE...
European stocks may open flat to slightly higher on Monday as a surprise rate cut by China\'s central bank saw investors expecting near-term improvement in economic momentum. Investors are also likely to watch U.S. political developments closely after President Joe Biden said he is standing down and will not run for re-election. Biden offered his...
China lowered its short-term policy rate as well as benchmark lending rates on Monday, in order to prop up growth. The People\'s Bank of China cut the interest rate on seven-day reverse repos to 1.7 percent from 1.8 percent. The action was aimed to strengthen counter-cyclical adjustments to better support the real economy, the central...
The Canadian market may open on a mixed note Monday morning. While positive mood in European markets, and higher U.S. futures may aid sentiment, weak crude oil prices and subdued metals may weigh a bit. The focus will be on the Bank of Canada\'s monetary policy decision on Wednesday. The Canadian central bank is widely...
CrowdStrike Holdings, Inc., the cybersecurity firm behind the \'largest IT outage in history\' is continuing with its downward stock movement, even after the firm informed that a significant number of the impacted Microsoft Windows devices are back online and operational. The faulty software update had knocked out around 8.5 million computers globally and resulted in...
Boeing Co. (BA) and technical aircraft services provider Lufthansa Technik announced Monday an agreement to designate Lufthansa Technik as the first Boeing-licensed Service Center (BLSC) for cabin modifications on 787 Dreamliner airplanes, bringing additional choice and capacity to the market. Operators, lessors and other companies with 787 cabin modification needs will now have the choice...
Shares of Verizon Communications were losing nearly 6 percent in the early morning trading on the NYSE on Monday after the telecom major maintained its fiscal 2024 outlook after reporting weak profit in its second quarter, in line with Street estimates. Revenues edged up on strong wireless service revenue and broadband subscriber growth, but missed...
The China stock market moved higher in back-to-back sessions, advancing almost 20 points or 0.6 percent along the way. The Shanghai Composite Index now sits just above the 2,980-point plateau although it figures to run out of steam on Monday. The global forecast for the Asian markets is negative, with oil and technology shares likely...
Indian shares ended a choppy session marginally lower on Monday as investors digested disappointing earnings from the likes of Reliance Industries and Wipro, and looked ahead to the presentation of the Union Budget 2024 for impetus. Cues from Asia and Europe were mixed as Joe Biden announced his withdrawal from the 2024 presidential race against...
Bank of Hawaii Corp. (BOH) reported Monday that net income for the second quarter decreased to $32.11 million or $0.81 per share from $44.09 million or $1.12 per share in the prior-year quarter. Net interest income, on a taxable-equivalent basis, for the quarter was $114.85 million, down from $124.35 million in the year-ago quarter. Total...