Compilation Financial News

Canadian pensions are underinvested in the country’s public markets, starving domestic companies of capital and exposing them to foreign takeovers, says the head of capital markets at Desjardins Group.

Canadian supermarket retailer Loblaw Companies missed third-quarter revenue estimates on Wednesday, hurt by a slowdown in the demand for its non-essential goods such as household items and electronics.

Industrial Production (IIP) in India witnessed an expansion of 3.1 per cent in September, as per data released by the Ministry of Statistics and Programme Implementation (MoSPI) on Tuesday. The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP. (More to come)

Bitcoin (BTCUSD) was briefly back above $76,000 Thursday as investors await the rate cut decision by the U.S. Federal Reserve.

stocks with a market cap of over Rs.100 crore, 80.6% (or 2,425 stocks) delivered negative returns in October. Moreover, 1,999 stocks, or 66.4%, saw a price fall of more than 5%. The returns are calculated for closing values between 30 September and 25 October. Strong FPI selling, driven by the Chinese stimulus, low Chinese stock valuations, Middle East tensions, and crude oil volatility have weighed on the equity markets.

Intel is expected to report its biggest quarterly revenue drop in five quarters on Thursday, potentially signaling more erosion of data center and personal computer market share for the once iconic American chipmaker. Shareholders have turned their focus to CEO Pat Gelsinger's attempts to salvage the company's lost market lead as losses mount at its contract manufacturing business, while Intel fails to capitalize on the generative AI-driven chip boom, after a series of missteps including passing on an investment in OpenAI. With Wall Street expecting Intel to report an 8% decline in revenue to $13.02 billion, according to data from LSEG compiled as of October 26, investors want Gelsinger to provide clarity on his plans to get the company's latest manufacturing technology up and running.

Analysts from seven investment banks said they expect sales of UK government bonds to reach around £300bn for the year to March 2025, according to figures compiled by the Financial Times.  The Treasury's existing net financing requirement for the year sits at £278bn, a figure that the analysts expect to rise to around £298bn, marking the second highest ever total, behind the borrowing that took place during the pandemic to finance furlough and other emergency schemes.  UK government borrowing costs have edged higher over the past week, with 10-year gilts currently sitting at their hig...

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crude prices and refining margins are likely forcing four of the five supermajor oil companies to borrow money to fund $15 billion in share buybacks for the most recent quarter, raising doubts over the payouts’ long-term sustainability. Exxon Mobil Corp., Chevron Corp., Shell Plc, TotalEnergies SE and BP Plc are expected to post a 12% dip in earnings from last quarter to a combined $24.4 billion when they report results this week, according to the average of analysts’ estimates compiled by Bloomberg. That will leave them all — except Shell — unable to cover their dividends and buybacks with free cash flow, which is expected to be 30% lower than a year ago.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. The order books of India’s top information technology (IT) companies have shrunk in the first half, while the International Monetary Fund (IMF) has given the US a positive outlook.

The Walt Disney Co. is tapping Morgan Stanley executive James Gorman to serve as its next chairman, beginning early next year

Around 20 companies from Asia Pacific are listing shares next week in deals that may raise as much as $8.3 billion, the biggest weekly volume since April 2022, according to data compiled by Bloomberg. The heavy supply includes deals from China, India and Japan, underscoring the broad revival in share sales across the region.

Donald Trump Jr is currently in charge of compiling a list of people who would be totally banned from serving in Donald Trump's administration in case he is voted to power in the US elections this November. Among these people are some staffers who resigned in protest after the riots on January 6 at the US Capitol, says The Independent's report.

Subscribe to enjoy similar stories. Every Friday, Plain Facts publishes a compilation of data-based insights, complete with easy-to-read charts, to help you delve deeper into the stories reported by Mint in the week gone by. India's exports saw mild growth in September after a gap of two months, while the Union Cabinet made a slew of announcements for central government employees and farmers, among others.

The U.S. retirement system doesn't get high marks relative to other nations.

A new study compiling decades of fatal motorcycle crashes is being released by the Insurance Institute for Highway Safety, which is pushing for stricter state road safety laws

small-cap stocks during the September quarter. Techno Electric, Honasa Consumer, Heritage Foods, Genus Power Infra, Sansera Engineering, Electronics Mart India, Kalyan Jewellers, Kamdhenu, and Arvind Fashions are among the companies that attracted foreign flows in the period. For instance, foreign portfolio investors (FPIs) increased their stakes in Techno Electric & Engineering Company from 4.39% to 9.81% during the quarter.

rural employment scheme fell for the 11th consecutive month in September from a year before, a decline that experts attributed to the impact of strong economic activities that open up more remunerative job opportunities and to a favourable base effect. About 18.93 million people sought work in September under the Mahatma Gandhi National Rural Employment Guarantee Scheme (MGNREGS), down 14.2% year-on-year, showed preliminary data compiled by the rural development ministry.

Get ready for the ultimate ‘floor cleaner,’ with Dyson’s latest Dyson WashG1. Dyson adds another revolutionary product in its floor cleaner lineup. Launched on October 10, the company claims this ‘floor cleaner’ is capable of cleaning both dry and wet debris together. 

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Tim Alper is a British journalist and features writer who has worked at Cryptonews.com since 2018. He has written for media outlets such as the BBC, the Guardian, and Chosun Ilbo. He has also worked...