The Bank of England has issued a stark warning on the financial outlook for the UK and global markets, but told financial institutions that it would be “counterproductive” to shore up their balance sheets by withholding new loans. The warning on Tuesday, contained in the BoE’s quarterly financial stability update, comes as the UK faces … Read more
This section is Partnership Content supplied The content in this section is supplied by GlobeNewswire for the purposes of distributing press releases on behalf of its clients. Postmedia has not reviewed the content. by GlobeNewswire Breadcrumb Trail Links GlobeNewswire Author of the article: In less than two years of retail availability, the Company has championed … Read more
(Bloomberg) — Micron Technology Inc. gave a surprisingly downbeat forecast for the current quarter after demand for phones and computers weakened, but vowed to move aggressively to stave off a chip glut. Most Read from Bloomberg The company — the largest US maker of memory semiconductors — warned that sales will be about $7.2 billion … Read more
Text size New Street Research analyst Pierre Ferragu says recent weakness in Micron Technology stock represents an opportunity to buy. Dreamstime Micron Technology stock is trading lower after the memory-chip maker said financial results for the fiscal fourth quarter ending in August will come in well short of previous Street estimates. While analysts had expected … Read more
Credit rating agency Moody’s Investors Service on Thursday said the outlook for global credit conditions this year has turned more negative amid slower global growth, rising borrowing costs, surging prices for energy and commodities, supply-chain disruption and increased financial market volatility. “The surge in energy and food costs spurred … Read more
NEW DELHI: Notwithstanding the recent pullback rally, both the US market and the broader market in India remain in firm bear grip. Nifty is, however, faring a tad better as the headline index is still around 1,000 points away from entering the much-feared bear zone. With central banks hiking interest rates globally, the worries around … Read more
European stocks started the week higher, after a bounce on Wall Street on Friday, as traders questioned the extent to which slowing growth would impact central banks’ plans to raise rates aggressively. Europe’s regional Stoxx 600 share index rose 1.2 per cent in early dealings, following its first weekly gain in a month last week. … Read more
NIO Inc.’s shares in Hong Kong and Singapore have climbed to fresh record highs as the global outlook for electric-vehicle demand brightens. The electric-car manufacturer’s Singapore-listed shares NIO, +3.61% gained 4.1% to US$24.77 while its Hong Kong stock 9866, +2.60% rose 4.3% to 196.60 Hong Kong dollars (US$25.05), both new highs. The two listings are … Read more
Mumbai: Analysts are recommending shares of companies with high dividend yields amid the recent sell-off in the equity market. Stocks such as , , , , Corp, Power Finance Corp, and are currently trading at dividend yields ranging between 10% and 20%. “Our analysis indicates that high dividend yield companies, especially in oil & gas, … Read more
A shortlived rally for beaten-down global shares fizzled on Wednesday, as investors awaited a congressional appearance by Federal Reserve chair Jay Powell and business data that may signal a global slowdown. Europe’s Stoxx 600 share index, which had gained 1.3 per cent over the previous two sessions, lost 1.5 per cent in early London dealings. … Read more