International News
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Advance Auto Parts to sell Worldpac to Carlyle for $1.5bn
Thursday 22 Aug 2024
(Sharecast News) - Advance Auto Parts said on Thursday that it has agreed to sell Worldpac, its automotive parts wholesale distribution business, to private equity firm Carlyle for $1.5bn in cash. Read More
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Deutsche Bank reaches settlement with more than half of Postbank claimants
Thursday 22 Aug 2024
(Sharecast News) - German lender Deutsche Bank has reached settlements with over half of claimants in its more than a decade-long Postbank litigation and now expects to report a €430.0m boost to... Read More
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Asia report: Markets mixed as Bank of Korea holds rates
Thursday 22 Aug 2024
(Sharecast News) - Asia-Pacific markets experienced modest gains on Thursday as investors analysed regional business activity reports and the latest Federal Reserve minutes. Read More
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Swiss Re H1 profits grow amid low claim levels, price rises
Thursday 22 Aug 2024
(Sharecast News) - Reinsurance company Swiss Re said on Thursday that net profit had grown in the six months ended 30 June amid price rises and low claim levels throughout the period. Read More
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Citi says risk/reward in US dollar longs 'attractive'
Thursday 22 Aug 2024
(Sharecast News) - Analysts sounded a positive note on the outlook for the US dollar, pointing out a mix of potential catalysts that might provide support. Read More
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Olympics deliver unexpected boost to euro area PMIs in August
Thursday 22 Aug 2024
(Sharecast News) - Economic activity in the euro area picked up unexpectedly last month, mainly due to the boost from the Olympics, the results of a closely followed survey revealed. Read More
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US close: Stocks edge higher on FOMC minutes, NFP revision
Wednesday 21 Aug 2024
(Sharecast News) - US stocks edged higher on Wednesday, after minutes from the most recent Federal Reserve policy meeting and a downward revision to labour-market data cemented expectations for an int... Read More
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Europe close: Moderate gains as investors wait on Fed minutes, Powell
Wednesday 21 Aug 2024
(Sharecast News) - European stocks were a tad higher on Wednesday as investors eyed the release of minutes from the US Federal Reserve later in the evening for commentary on inflation and interest rat... Read More
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US nonfarm payrolls revised down by 818,000
Wednesday 21 Aug 2024
(Sharecast News) - The US economy created 818,000 fewer jobs than originally reported throughout the 12 months ended 31 March, according to the Labor Department's preliminary annual benchmark revision... Read More
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US open: Stocks mostly higher as traders await Fed minutes
Wednesday 21 Aug 2024
(Sharecast News) - Wall Street stocks were mostly higher early on Wednesday as market participants looked ahead to minutes from the Federal Reserve's July policy meeting and a key speech from chairman... Read More
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Target surges after Q2 beat, profit upgrade
Wednesday 21 Aug 2024
(Sharecast News) - Target shares surged on Wednesday after the US retailer posted better-than-expected second-quarter earnings and lifted its annual profit outlook. Read More
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JT Group to buy Vector Group in $2.4bn deal
Wednesday 21 Aug 2024
(Sharecast News) - US tobacco maker Vector Group said on Wednesday that it has agreed to be bought JT Group in a $2.4bn deal. Read More
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Macy's lowers full-year sales guidance despite Q2 earnings beat
Wednesday 21 Aug 2024
(Sharecast News) - Shares in US department store retailer Macy's were sliding early on Wednesday, after it reported better-than-expected second-quarter earnings despite a drop in sales, and revised it... Read More
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CMA cans Apple, Google app market probes ahead of new regulation
Wednesday 21 Aug 2024
(Sharecast News) - The Competition and Markets Authority (CMA) has closed its investigations into Google's Play Store and Apple's App Store, it announced on Wednesday, shifting its focus to the forthc... Read More
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US pre-open: Stock futures higher ahead of Fed minutes
Wednesday 21 Aug 2024
(Sharecast News) - Wall Street futures were in the green ahead of the bell on Wednesday as market participants looked ahead to minutes from the Federal Reserve's July policy meeting and a key speech f... Read More
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China launches probe into EU dairy subsidies
Wednesday 21 Aug 2024
(Sharecast News) - China launched an anti-subsidy investigation into dairy products imported from the European Union on Wednesday, intensifying trade tensions between Beijing and Brussels. Read More
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Asia report: Most markets fall as Japan's trade deficit widens
Wednesday 21 Aug 2024
(Sharecast News) - Asia-Pacific markets were mostly lower on Wednesday, following a pullback in US markets overnight, where the S&P 500 and Nasdaq Composite ended their eight-day winning streak. Read More
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Japanese trade deficit higher than expected as imports jump
Wednesday 21 Aug 2024
(Sharecast News) - Japan recorded a wider-than-expected trade deficit for July as imports surged on the back of rising prices, according to data released by the Finance Ministry on Wednesday. Read More
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Walmart to sell entire $3.7bn stake in JD.com
Wednesday 21 Aug 2024
(Sharecast News) - Shares in JD.com tanked in Hong Kong on Wednesday after American retail titan Walmart signalled its intention to dispose of its stake in the Chinese ecommerce giant worth $3.7bn. Read More
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US close: Stocks snap eight-day win streak as investors await Powell speech
Tuesday 20 Aug 2024
(Sharecast News) - US stocks inched lower on Tuesday, bringing Wall Street's longest winning streak of 2024 to a close with investors taking profits after eight straight days of gains for the S&P 500 ... Read More
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