By Supantha Mukherjee STOCKHOLM (Reuters) – Shares of Ericsson (BS:ERICAs) fell 2.5% on Friday as the chance of it suffering a higher fine increased with the U.S. Securities and Exchange Commission (SEC) starting a separate investigation into the company’s handling of misconduct in Iraq. U.S. agencies investigated the company earlier, with the result that Ericsson… More
By Carolyn Cohn and Stella Qiu LONDON/BEIJING (Reuters) – World stocks were heading for their first weekly gain in eight weeks on Friday on a more upbeat earnings view while the dollar hit one-month lows after the Federal Reserve’s minutes suggested it could put the brakes on rapid rate hikes later this year. Optimistic U.S.… More
By Peter Nurse Investing.com – European stock markets traded higher Friday, regaining some ground at the end of a difficult week as investors continue to assess persistent inflation, aggressive monetary tightening, and the associated impact on global economic growth. By 4:20 AM ET (0820 GMT), the DAX in Germany traded 1.2% higher, the CAC 40… More
By Jing Xu and Julie Zhu BEIJING/HONG KONG (Reuters) – China and U.S. regulators are discussing operational details of an audit deal that Beijing hopes to sign this year, sources familiar with the matter said, in the latest move to try to keep Chinese companies listed on U.S. exchanges. A preliminary framework for audit supervision… More
Investing.com – Japan stocks were lower after the close on Friday, as losses in the Finance & Investment, Banking and Transport sectors led shares lower. At the close in Tokyo, the Nikkei 225 declined 0.29%. The best performers of the session on the Nikkei 225 were Fast Retailing Co., Ltd. (TYO:9983), which rose 8.83% or… More
By Saqib Iqbal Ahmed NEW YORK (Reuters) – Traders are pointing to a massive quarterly options trade on Thursday they said was from a JPMorgan (NYSE:JPM) fund as one reason why the stock market took a nosedive late in the day, as options flows linked to the trade exacerbated market weakness. The S&P 500 Index… More
Investing.com – United Internet AG reported on Thursday first quarter earnings that missed analysts’ forecasts and revenue that topped expectations. United Internet AG announced earnings per share of €0.43 on revenue of €1.48B. Analysts polled by Investing.com anticipated EPS of €0.4797 on revenue of €1.44B. United Internet AG shares are down 12% from the beginning… More
NEW YORK (Reuters) – BlackRock Inc (NYSE:BLK), the world’s largest asset manager, said it had halted purchase of all Russian securities in its active and index funds as of Monday after Russia’s invasion of Ukraine. It has “proactively advocated” with “index providers to remove Russian securities from broad-based indices,” Rich Kushel, head of the portfolio… More
BEIJING (Reuters) -China’s banking and insurance regulator issued a warning on Friday against using the metaverse as a tool for illegal fund-raising, amid widespread interest in the country’s private sector. The China Banking and Insurance Regulatory Commission said in a statement published on its website that some companies were engaging in illegal fund-raising, fraud, and… More
TOKYO (Reuters) -Japan’s Government Pension Investment Fund (GPIF) said on Friday it posted a third-quarter investment return of 5.437 trillion yen ($47.29 billion) on gains from overseas stocks. GPIF, the world’s largest pension fund, managed 199.3 trillion yen of assets as of the end of December and its return on overall assets was 2.81% over… More
By Selena Li HONG KONG (Reuters) – Europe’s largest asset manager Amundi has garnered more than $11 billion of assets from Chinese investors since it became the first foreign-controlled joint venture (JV) to launch operations in the country 15 months ago. Huihua Wealth Management, 55% owned by Amundi and the rest by a unit of… More
By Olzhas Auyezov ALMATY (Reuters) – Kazakh President Kassym-Jomart Tokayev said on Friday that constitutional order had mostly been restored in the Central Asian country hit by unrest this week, his office quoted him as saying in a statement. The Kazakh interior ministry said in a separate statement that 26 “armed criminals” had been “liquidated”… More
Could Bitcoin be any less interesting for the average hodler? The remarkable split between BTC price action and network fundamentals continues into 2022. Bitcoin (BTC) begins its first full week of 2022 in familiar territory below $50,000.After ending December at $47,200 — far below the majority of bullish expectations — the largest cryptocurrency has a… More
(Reuters) -Chip firm Advanced Micro Devices (NASDAQ:AMD) will acquire about $2.1 billion of silicon wafers from GlobalFoundries from 2022 through 2025 in an amended agreement, according to a regulatory filing on Thursday. AMD had agreed to buy $1.6 billion worth of chips between 2022 and 2024, according to a filing with the U.S. Securities and… More
SHANGHAI (Reuters) – A Chinese self-regulatory body overseeing the interbank market will support debt issuance by qualified developers to fund acquisitions of real estate projects and finance completion of unfinished buildings, the official Securities Times reported on Friday. The National Association of Financial Market Institutional Investors (NAFMII) held a meeting with Chinese developers on Friday… More