FILE PHOTO: A logo of Porsche is seen outside a Porsche car dealer, amid the coronavirus disease (COVID-19) outbreak in Brussels, Belgium May 28, 2020. REUTERS/Yves HermanBERLIN (Reuters) – Volkswagen’s largest shareholder, Porsche SE, supports Volkswagen’s proposed plan for an IPO of luxury sportscar maker Porsche AG, the holding company said on Tuesday, adding no final decision had been made. […]
Read more(Reuters) – Russian billionaire Igor Makarov’s privately held investment company has sold more than half its stake in Canadian natural gas producer Spartan Delta Corp for $121.5 million. Makarov’s ARETI Energy SPV said on Monday it sold 15 million shares, or 9.8% of Spartan, for C$8.10 per share. After the sale, it will own around 8.4% of the company. The […]
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FILE PHOTO: A 4th grade primary school student attends a class in Kabul, Afghanistan, October 25, 2021. REUTERS/Zohra Bensemra/File Photo(Reuters) – The United Nations Security Council has expressed deep concern over a decision by Afghanistan’s Taliban rulers to deny girls access to high school education and called on the group to reopen schools for female students without delay. “The members […]
Read moreFOX Business Flash top headlines for March 25 Here are your FOX Business Flash top headlines for March 25. Gold futures suffered a loss for the session Friday, but tallied a gain for the week, as traders eyed developments in the Russia-Ukraine war and an increasingly hawkish Federal Reserve. DESPITE TRADERS' UNEASINESS OVER HIGHER INTEREST RATES, GOLD MAINTAINS GAINS Gold […]
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Gold prices edged lower on Friday amid fears of aggressive monetary tightening by the Federal Reserve. However, with rising inflation, and tensions due to the ongoing war in Ukraine boosting its safe-haven appeal, the yellow metal posted a weekly gain. Higher Treasury yields weighed on gold. Bond yields stayed firm at multi-year highs amid rising prospects of some sharper interest […]
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The futures were higher Friday, as the rollercoaster stock market continues. All the major indexes closed higher on Thursday, as did the transports. Investors cheered the lowest claims for unemployment benefits in 50 years. This and the concerns over wage inflation brought the sellers back to the Treasury market, as yields across the curve rose modestly yet again. The benchmark 30-year […]
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The Wall Street firms that we cover here at 24/7 Wall St. all keep a list for their institutional and retail clients of high-conviction stock picks. These are generally the stocks they not only like on a longer-term basis but those that usually have big upside to the assigned target price. With the first quarter winding down, many firms on […]
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FILE PHOTO: Policemen and staff workers get tested for the coronavirus disease (COVID-19) at a makeshift nucleic acid testing centre inside barriers of an area under lockdown amid the coronavirus disease (COVID-19) pandemic, in Shanghai, China March 24, 2022. REUTERS/Aly Song BEIJING (Reuters) – China reported 1,366 confirmed coronavirus cases for March 24, the country’s national health authority said on […]
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FILE PHOTO: A guard stands next to a banner of Zee television outside a film studio in Mumbai, India, September 24, 2021. REUTERS/Francis MascarenhasMUMBAI (Reuters) -U.S. investment firm Invesco said on Thursday it would abandon efforts to shake up top management at Zee Entertainment, citing a planned merger between the Indian TV network and the local unit of Japan’s Sony […]
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