Trade Financial News
20.09 / 18:37
COST
UPS
Trade
CIBC
stage
Interest rate cuts mean time has come to buy discount bank stocks, says CIBC
Now is the time for equity investors to move out of premium-traded Canadian banks and into discounted banks, analysts at Canadian Imperial Bank of Commerce said, citing lower interest rates and easing of economic risks that give the cheaper stocks more earnings upside.
20.09 / 18:37
BLOCK
Trade
BTG
Ontario Teachers’ Pension Plan to sell Brazil mall stake after two decades
Ontario Teachers’ Pension Plan, one of Canada’s largest institutional investors, is set to unload its entire stake in Multiplan Empreendimentos Imobiliarios SA, the Brazilian mall operator it first invested in 2006.
20.09 / 18:01
markets
Provident
Platform
security
Mobile
Trade
Features
New Solana Phone Sees High Demand as SOL Volatility Increases, One DeFi Altcoin Presale Catches the Attention of Traders
With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.
20.09 / 18:01
markets
UPS
Telegram
economy
Trade
Universities
Notcoin Price Set to Explode? Positive Trading Signals Hint at Huge Gains for NOT Holders
Since graduating with a degree in economics from the University of Birmingham in 2018, Joel has worked as a financial market/cryptocurrency analyst. He firmly believes that emerging crypto technology...
20.09 / 18:01
Dogecoin
markets
UPS
Trade
Experts
show
The Dollar Finish Line Is In Sight. Who Wins: $TRON, $DOGE Or New Altcoin Contender
With over 2 year's experience in finance and the crypto sectors, Jose uses his knowledge and expertise to breakdown complex topics into bitesize content for both beginners and experts.
20.09 / 17:39
Platform
security
Trade
President
Inside
social
prevention
Trump Media plummets to new low on the first trading day the former president can sell his shares
Shares of Trump Media have slumped to new lows on the first trading day that its biggest shareholder, former President Donald Trump, is free to sell his stake in the company behind the Truth Social platform
20.09 / 17:27
markets
Target
Analysis
Research
trends
Trade
Europe's STOXX 600 falls a day after Fed-fuelled rally
European shares slipped on Friday after a rally in the previous session spurred by the U.S. Federal Reserve's outsized interest rate cut, while drugmaker Novo Nordisk slid on disappointing obesity pill data. The pan-European STOXX 600 index closed 1.4% lower, though it recorded a second straight week of gains.
20.09 / 16:53
markets
Target
Analysis
economy
trends
Trade
Interviews
US Fed governor Christopher Waller says bold rate cut not signal of 'falling behind'
Federal Reserve's big interest rate cut this week is not a sign that the US economy is «falling behind,» Fed governor Christopher Waller said in an interview on Friday. «It's not about reacting to, or falling behind or anything like that,» he told CNBC. «I do not believe we're behind.»
20.09 / 16:53
markets
UPS
Digital
Trade
RAI
information
India proposes retaliatory duties worth $1.1 bn against EU’s steel curbs
safeguard duties on its steel imports and has begun an exercise to firm up the list of items. “We are working on the products that would be subject to higher tariffs. These will mostly be steel products,” an official told ET. The two sides failed to reach an agreement on the concessions that the EU can offer India to mitigate the adverse impact of the safeguard duties it levies on some steel imports, which it extended by two years till 2026.
20.09 / 16:35
20.09 / 16:35
markets
Blockchain
Ethereum
security
community
Trade
Bitcoin
Bitgert’s Explosive Potential Makes It a Must-Buy this year —Here’s WhyBitgert’s Explosive Potential Makes It a Must-Buy this year —Here’s Why
The global cryptocurrency market is a highly volatile workplace as it depends on various technological advancements, market sentiments, and trading speculations. At the beginning of 2024, Bitcoin reached its all-time high of $73,737. After facing a correction in the price, Bitcoin has again caught pace and is ready for another bull run.
20.09 / 16:21
markets
FIVE
BLOCK
security
Analysis
Trade
Experts
UBS sells shares worth Rs 480 crore in Concord Biotech, IIFL Securities, 2 more stocks via block deals
UBS was on a selling spree on Friday as the Zurich-based bank and financial services company sold its holding in four stocks through UBS Principal Capital Asia Limited via block deals. The stocks included Concord Biotech, Five Star Business Finance, IIFL Securities and Marksans Pharma and the total share sale aggregated to Rs 480 crore. UBS Principal sold 7,40,159 lakh shares worth Rs 192 crore at a price of Rs 2,589.86 per share which was a 15% premium over the Thursday closing price of Rs 2,250.55. The stock today ended at Rs 2,591, gaining Rs 340.45 or 15.13%.
20.09 / 15:55
markets
UPS
FIVE
Analysis
Trade
International
Fed’s relaxed bank-capital plan faces bipartisan FDIC pushback
bank-capital proposal is running into a wall of resistance at the Federal Deposit Insurance Corp. At least three of five FDIC directors oppose the latest overhaul previewed by the Federal Reserve last week, according to people familiar with their thinking. Democrat Rohit Chopra has joined the two Republican board members, including Vice Chairman Travis Hill, against the changes, the people said.
20.09 / 15:55
markets
Reuters
Analysis
Trade
reports
Headlines
Pharmaceuticals
Novo Nordisk shares drop more than 4% on disappointing obesity pill data
Novo Nordisk fell more than 4% on Friday to their lowest level since Aug. 10 after the Danish drugmaker reported results from a Phase 2a trial of its experimental obesity pill monlunabant that came in below market expectations. Shares were down 4.3% at 1330 GMT, the lowest since August 8, after the company announced headline results from its trial of monlunabant, an experimental drug it acquired as part of its $1 billion purchase of Canadian biotech company Inversago Pharmaceuticals last year.
20.09 / 15:55
markets
Citi
security
Analysis
Sustainability
Trade
International
Adani Total Gas secures USD 375 mn funding to expand city gas network
Adani Total Gas Ltd, the city gas joint venture of Adani group and French energy giant TotalEnergies, on Friday said it has secured USD 375 million funding from global lenders for expansion of its business. «The maiden financing of USD 375 million executed with international lenders include an initial commitment of USD 315 million with accordion feature to enhance the commitments,» the firm said in a statement. Five international lenders participated in the initial financing — BNP Paribas, DBS Bank, Mizuho Bank, MUFG Bank, and Sumitomo Mitsui Banking Corporation.
20.09 / 15:17
markets
Provident
Action
Analysis
Trade
Headlines
Pharmaceuticals
Mankind Pharma board approves raising Rs 10,000 crore through NCDs
Mankind Pharma has approved raising Rs 10,000 crore through the issuance of non-convertible debentures (NCDs) and commercial papers on a private placement basis. The board has also constituted and authorized the fund raising committee to take all necessary actions, including finalisation of the terms of issuance, allotment of NCDs and CPs and other related matters.
20.09 / 15:17
markets
UPS
Target
Analysis
trends
Trade
Adani Energy Solutions shares could deliver multibagger returns from current levels
Adani Energy Solutions has had a muted run at the bourses so far this year. Still, the stock is all set to deliver multibagger returns from the current levels, according to analysts. Brokerage house Cantor has initiated coverage on the company with an 'Overweight' rating and price target of Rs 2,251, implying an 129% upside on FY26 basis.
20.09 / 15:17
markets
COST
UPS
Target
Analysis
Research
Trade
FedEx slumps 15% amid weak demand for pricey priority deliveries
Shares of FedEx slumped 15% on Friday, on track for their worst day in two years, after dismal first-quarter results, in what analysts attributed to a combination of broader economic concerns and an unfavorable shift in the company's sales from higher-priced deliveries. FedEx, seen as a global trade barometer, is potentially losing nearly $11 billion in market value, and has also dragged down its rivals UPS and DHL shares, as the shipping industry deals with sluggish demand and bloated costs.
20.09 / 14:43
markets
UPS
Ripple
XRP
Trade
show
XRP Price Forecast: Mysterious Whale Activity Raises Questions – What’s Next for Ripple?
Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,...
20.09 / 14:43
markets
UPS
Provident
CEO
Mobile
Trade
Solana Unveils Seeker Mobile, Boosting SOL Price by 14% – How Quickly Can SOL Reach $1,000?
Harvey Hunter is a Junior Content Creator at Cryptonews.com. With a background in Computer Science, IT, and Mathematics, he seamlessly transitioned from tech geek to crypto journalist.
20.09 / 13:51
markets
UPS
Provident
Trade
reports
International
Rural gold buying to boost festive season demand in India: WGC
World Gold Council (WGC) said that the rural purchase of gold this festive season will provide fresh momentum to gold demand in the country. WGC has earlier revised the demand for gold this year to 850 tonnes from 750 tonnes. “Rural consumption demand has been showing signs of improvement and given the favourable monsoons and higher crop sowing this year, economic conditions there are expected to improve. This could lead to increased gold buying interest, particularly during the ongoing festive period,” said Kavita Chacko, Research Head India, WGC. Momentum in gold jewellery buying and investment is expected to continue and rural buying to provide impetus, the report said.
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