Stocks

BLOOMBERG Shares of Indian billionaire Gautam Adani’s group declined on Monday after boards of two firms approved proposals to raise as much as $2.6 billion, with market watchers flagging concerns about potential equity dilution. Adani Enterprises Ltd, the incubator for new group businesses, slid 4.4% — the most intraday since May 3. The firm got a nod to raise as ...

BLOOMBERG Bitcoin slid for a second day, at one point dropping to the lowest level in two months as the token unwinds some of its 2023 rebound.The largest digital asset fell as much as 3.2% and was trading at $26,320 as of 8:30 a.m. in London. Second-ranked Ether and a gauge of the top 100 tokens also declined, but XRP ...

BLOOMBERG    Stocks rose as investors found confidence in strong earnings from Cartier maker Richemont and signs that US lawmakers are making progress on a deal to raise the debt-ceiling. The dollar strengthened. Richemont gained as much as 7.8% to a record, fuelling a broad rally across European luxury stocks. S&P 500 futures edged higher after President Joe Biden and House ...

BLOOMBERG US equity futures ticked higher and European stocks rose as more investors said the Federal Reserve is likely to pause interest-rate hikes on the back of cooling inflation data. Contracts on the S&P 500 and the Nasdaq 100 advanced by about 0.3%. In US premarket trading, Walt Disney Co dropped after predicting a wider loss for its streaming service ...

BLOOMBERG Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence. Adani Enterprises Ltd, the Indian tycoon’s flagship, and at least two other group companies plan to hold board meetings on May 13 to consider raising funds ...

BLOOMBERG Shares of the Japanese trading companies that Warren Buffett has invested in reached record levels this week after announcing earnings and buybacks. Mitsubishi Corp, the largest, surged as much as 6% to an all-time high after announcing plans to repurchase $2.2 billion worth of shares along with a better-than-expected profit target for the fiscal year through March 2024. Peers ...

BLOOMBERG Stocks edged lower as cautious investors assessed the latest crop of earnings and awaited a US inflation report for insights on the path of Federal Reserve rate hikes. Contracts for the S&P 500 and the Nasdaq 100 retreated, with Airbnb Inc sliding 13% in premarket trading after the vacation home-rental company gave a cautious forecast for revenue in the ...

BLOOMBERG Markets fell broadly after Swedish landlord SBB halted dividends and economic data from China was weaker than expected. European stocks and US futures traded lower, along with oil. SBB shares lost 5.5%, adding to a 20% plunge on May 8, with investors increasingly worried about the effects of a funding squeeze across the real estate industry. Sentiment was also ...

BLOOMBERG Thai investors are pinning their hopes on the general election to revive stocks in Asia’s worst-performing market this year, as parties across the spectrum promise tens of billions of dollars in economic stimulus. The benchmark SET Index has slumped 6.4% in 2023, defying expectations that it will repeat a rally seen in the run-up to prior elections. Instead, foreign ...

BLOOMBERG European stocks struggled to build on the strong rebound as traders assessed hawkish comments from policy makers and disappointing data from the region’s biggest economy. Bond yields across Europe rose. The Stoxx Europe 600 index edged higher, with energy stocks outperforming as crude oil gained. With UK markets closed for a a holiday in honour of King Charles III, ...