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Credit Suisse's biggest shareholder adds 10% stake in the bank
The bank s biggest shareholder was underscoring its place as the bank's largest shareholder after converting some of its holdings into American depositary receipts. The bank s biggest shareholder was underscoring its place as the bank's largest shareholder after converting some of its holdings into American depositary receipts. None Russia Is Scouring the Globe for Weapons to Use against Ukraine As of July 31, Harris Associates owned 266 million shares, or 10.1% of the total, according to a US...
Updated: 08/11/2022
Adani Enterprises to invest $5.2 billion in Odisha refinery
As Gautam Adani, Asia's richest man, adds one more business to his rapidly expanding empire, Adani Enterprises Ltd. plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha. As Gautam Adani , Asia's richest man, adds one more business to his rapidly expanding empire, Adani Enterprises Ltd. plans to invest $5.2 billion in setting up an alumina refinery in the eastern Indian state of Odisha. Russia Is Scouring the Globe for Weapons to Use against Ukraine...
Updated: 08/11/2022
Euro, yen hold onto gains after less hot inflation data
... improvements in investors' attitude to riskier assets - except for the move against the yen, which they said was more of a yield play. They wrote in a note that the surprise downward inflation move takes out much of the fear that the market had a 75 bps Fed hike or even inter-meeting moves. Some post-CPI moves probably reflect the delayed buying of risk-correlated positions, because many investors did not want to put on positions ahead of an important number that could have gone either way. The Nasdaq ...
Updated: 08/11/2022
Gold prices edge lower as US inflation eases
... inflation in the US on the Federal Reserve monetary tightening path. Russia Is Scouring the Globe For Weapons to Use against Ukraine Bullion jumped on Wednesday after the US consumer price index decelerated more than expected in July, suggesting that the Fed could be less aggressive in raising interest rates - but ended up 0.1% lower. Some traders pared bets on tightening, with a half-point rate increase being re-established as the likeliest outcome next month, as opposed to another three-quarter point ...
Updated: 08/11/2022
Australia’s worst bank, Commonwealth Bank of Australia, loses its bull
The Commonwealth Bank of Australia, the world's least popular megabank among analysts, has lost its last remaining bull. massacres the Globe for Weapons to Use against Ukraine Brexit in Ukraine and Ukraine The Commonwealth Bank of Australia , the world's least popular megabank among analysts, has lost its last remaining bull. Russia Is Scouring the Globe for Weapons to Use against Ukraine The country's biggest lender, which has the worst consensus rating among banks of $20 billion, now has zero...
Updated: 08/11/2022
Former Arm President quits from Semiconductor board
The former President of Arm Ltd Tudor Brown, has resigned from the board of Semiconductor Manufacturing International Corp%, stepping away from the Chinese chipmaker that has been hit with US sanctions. The former President of Arm Ltd. , Bloomberg Tudor Brown , has resigned from the board of Semiconductor Manufacturing International Corp. , stepping away from the Chinese chipmaker that has been hit with US sanctions. None Russia Is Scouring the Globe for Weapons to Use against Ukraine Brown...
Updated: 08/11/2022
Bloomberg Senex to invest $1 billion to boost gas production in Australia
A $1 billion, $707 million will be invested by Bloomberg Senex Energy Ltdude controlled by Posco and billionaire Gina Rinehart, to produce more natural gas in Queensland amid concerns from Australian authorities over a potential shortfall of the fuel. A $1 billion, $707 million will be invested by Bloomberg Senex Energy Ltd. , controlled by Posco and billionaire Gina Rinehart , to produce more natural gas in Queensland amid concerns from Australian authorities over a potential shortfall of the...
Updated: 08/11/2022
Asian shares track Wall Street higher after inflation data
... eastern export hub of Yiwu, hurt sentiment. The S&P 500 futures and Nasdaq futures went up more than 0.3% on Wednesday. The S&P 500 went up more than 2% during the previous session, while the Nasdaq Composite was 20% above its closing low in June. The Fed's commitment to fighting inflation has been an enormous problem for valuations in 2022, so dovishness is seen as positive for the stock market, particularly for the highest valued companies, said Oliver Blackbourn , multi-asset portfolio manager ...
Updated: 08/11/2022
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