Year: 2024

Shares of Associated British Foods (ABF) (LON:ABF) rose by 4.1% to £2,383 on Tuesday after the company reported results that exceeded expectations.  ABF posted a pre-tax profit of £1.917 billion, slightly surpassing analysts’ estimates of £1.873 billion. Primark, the company’s key retail unit, delivered operating profits that beat forecasts, while…

An uneasy calm settled over currencies and bonds as investors awaited the outcome of the U.S. presidential election, with polls indicating a tight race. Meanwhile, expectations of increased government spending in China helped lift Chinese stocks. The MSCI Asia-Pacific index, excluding Japan, edged up by 0.3%, while Japan’s Nikkei, returning…

Burberry’s new CEO, Joshua Schulman, faces a tough challenge in reversing the fortunes of the British luxury brand, which has seen a significant decline in sales and a 40% drop in its share price this year, fueling speculation about a potential takeover. While the broader luxury sector has struggled amid…

UBS analysts view OPEC+’s decision to extend production cuts through December as a modest but favorable move for short-term oil prices. The extension keeps the reduction at 2.2 million barrels per day (Mb/d), part of an agreement established last year. UBS highlighted that while this decision aligns with their forecasts,…

The U.S. Supreme Court is preparing to review requests from two tech giants—Meta’s Facebook (NASDAQ:META) and Nvidia (NASDAQ:NVDA)—to dismiss federal securities fraud lawsuits in separate cases that could complicate private litigants’ ability to hold companies accountable. Following a trio of Supreme Court rulings in June that weakened federal regulators, including…

Financial markets kicked off the week with caution, particularly in the currency arena, as attention turned to the upcoming U.S. presidential election, which is expected to be tightly contested. This week also promises to be significant for investors, with major central banks including the Federal Reserve, Bank of England, Reserve…

Blackstone (NYSE:BX) plans to expand its private wealth business into at least two new European markets next year to capitalize on increasing demand among affluent individuals, according to two company executives who spoke to Reuters. The New York-based firm has prioritized attracting investments from wealthy individuals amid volatile market conditions…

Gold prices increased during Asian trading on Monday, remaining close to record highs as expectations of a contentious presidential election and an upcoming Federal Reserve meeting drove strong demand for safe-haven assets. The rise in gold was further supported by a weakened dollar, following last week’s unexpectedly low nonfarm payrolls…

New Delhi, Nov 4 (IANS) According to a recent report, India’s consumer spending on goods is projected to reach $1.29 trillion in 2024, with an anticipated growth rate of 7.0 percent over the next five years. The country’s progress in the electronics sector has primarily utilized an assembly-to-component approach, leveraging…

Gold prices rose in Asian trade on Tuesday, coming close to record highs as the run-up to the 2024 presidential election and uncertainty before upcoming data prints kept safe haven demand in play.The yellow metal recouped all of its losses from the prior session, as easing fears of the Middle…