Gautam Adani’s $2.5 billion share sale was fully subscribed on Tuesday, despite recent criticism from a short-seller’s report.
Atlantic Equities downgrades Bank of America, cites growing interest margin pressure on banks
Though BofA management has kept a handle on expense growth, the analyst said it will be difficult to have operating leverage as net interest income slows.
Euro zone economy posts surprise expansion in the fourth quarter, curbing recession fears
Euro zone narrowly avoided a contraction as energy prices provide some relief.
Wolfe Research downgrades WWE, says resistance to Vince McMahon’s return could mean trouble ahead
The firm downgraded the stock to peer perform from outperform and removed its price target.
Looking beyond FAANG: Here’s how the Club portfolio lines up with the Dow’s workhorse stocks
Investors should steer clear of the showhorses in the Nasdaq in favor of the workhorses in the Dow 30.
Norway’s gigantic sovereign wealth fund loses a record $164 billion, citing ‘very unusual’ year
Norway’s sovereign wealth fund on Tuesday reported a record loss of 1.64 trillion kroner ($164 billion) in 2022.
Top U.S., Chinese and Russian officials tour Africa as global charm offensive gathers pace
Russian Foreign Minister Sergei Lavrov, new Chinese Foreign Minister Qin Gang and U.S. Treasury Secretary Janet Yellen all embarked on African tours within the past month.
China’s January factory activity returns to growth as economists cheer its reopening
China’s factory activity bounced back in January and expanded for the first time since September, data from the national bureau of statistics showed.
UBS gets a boost from higher interest rates, but warns of ‘uncertain’ year ahead
UBS’ fourth-quarter profit beat market expectations, but the Swiss banking giant warned of an “uncertain” year ahead.
Asia’s chipmakers fall as Samsung sees worst quarterly profit in 8 years
Chipmakers in Asia fell as South Korean conglomerate Samsung Electronics saw its worst profit decline since the third quarter of 2014.