Stocks

Billionaire Gautam Adani’s flagship firm is set for another bout of scrutiny when it reports earnings for the latest quarter on Thursday. Its stock meanwhile has overcome recent weakness to approach record levels. Shares of Adani Enterprises Ltd., which have been investor darlings for years now, are about 8 percent away from an all-time high reached in September. The stock ...

Hong Kong’s stock exchange (HKEX) will cut trading fees for its cash market starting next year in an effort to improve market efficiency and boost activity. Overall, the moves by the Hong Kong Exchanges & Clearing Ltd. will lower the effective rate on cash market trades to 0.565 basis points from 0.576 basis points, according to a statement on Tuesday. ...

Global stocks rallied as speculation that China may unwind its stringent Covid Zero policy fueled risk-on sentiment across markets. The dollar and Treasury yields fell ahead of a key Federal Reserve decision. US-listed Chinese stocks soared in premarket trading, tracking the rally in Chinese markets after an unverified social media post triggered speculation that Beijing is looking to phase out ...

UK house prices fall the most since the start of the pandemic in October as political and market turmoil sent shock waves through the property market. The average value of a home dropped 0.9% to £268,282 ($309,500), the Nationwide Building Society (NBS) said on Tuesday. It was the largest decline since June 2020 and much sharper than the 0.3% reduction ...

Dubai / WAM Emirates Central Cooling Systems Corporation (Empower) has announced the price range and start of the subscription period for its initial public offering (IPO) on the Dubai Financial Market (DFM). The price range for the offering has been set between AED1.31 and AED1.33 per share, a company statement said on Monday. The total offering size is expected to ...

Chinese shares extended losses following last week’s selloff as a ramp-up of Covid-19 restrictions and poor economic data worsened the outlook for the market. The Hang Seng China Enterprises Index ended on Monday’s volatile session with a 1.8% loss, closing at its lowest since November 2005. Property shares plunged, while tech shares bucked the downtrend following BYD Co.’s record earnings. ...

For months, investors have been eagerly awaiting a Federal Reserve policy pivot. But now, at least for some, it might come too soon. The latest MLIV Pulse survey suggests that if the Fed Chair Jerome Powell gives any dovish Federal Open Market Committee (FOMC) signals during this week’s press conference, he might send investors scrambling. Almost half of 250 respondents polled ...

Geneva/ WAM Cross-border investment in climate change mitigation and adaptation is projected to decline in 2022 against the backdrop of a global investment downturn, according to a new report published by the UN Conference on Trade and Development (UNCTAD). Citing a bleak outlook for global foreign direct investment (FDI) in 2022, the report released in the lead-up to the UN ...

Trading in the global foreign-exchange market jumped to an all-time high amid heightened volatility, according to the Bank for International Settlements (BIS). Average daily transactions in April increased to $7.5 trillion, up 14% from the same month in 2019, the BIS said in its triennial survey. That compares with a growth rate of 30% in 2019 and a contraction of ...

Maruti Suzuki India Ltd., India’s biggest carmaker, reported a higher-than-expected quarterly profit, aided by a weaker Japanese yen and easing of some supply chain constraints that boosted production recovery. Net income was 20.6 billion rupees ($250 million) for the three months ending September 30, the unit of Japan’s Suzuki Motor Corp. said in a statement to exchanges, compared with a ...