Author: Press Room
© Reuters. FILE PHOTO: The logo of Calgary-based Enbridge, one of North America’s largest energy infrastructure companies, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. REUTERS/Chris Helgren/File Photo (Reuters) -Pipeline operator Enbridge (NYSE:) on Friday beat third-quarter profit estimates, benefiting from transporting higher volumes of oil and other liquids. Low U.S. inventory levels and increased exports as buyers sought alternatives to Russian oil since the Ukraine conflict started last year, have boosted demand for oil that kept pipelines running and lifting profits for oil and gas transportation companies. Calgary, Alberta-based Enbridge…
CLLS, KOD and ACXP among pre-market losers
Vice President Kamala Harris was blasted on social media over a video “announcing the country’s first National Strategy to Counter Islamophobia” with most users taking issue with the timing of the post just weeks after the Hamas terrorist attack on Israel. “Taking on hate is a national priority,” Harris posted on X, rolling out the White House plan to “combat a surge of hate in America.”The timing of the post was immediately criticized on social media, and many also pointed out the recent surge in hate crimes against Jewish people.”On the same day Hamas leadership goes on international TV and declares…
SEOUL, SOUTH KOREA – AUGUST 04: South Korean actress and singer Jun Hyo-seong attends the photo call … [+] for “Estee Lauder Lounge” pop-up store opening event at Seongsu Infomal Square on August 04, 2023 in Seoul, South Korea. (Photo by The Chosunilbo JNS/Imazins via Getty Images)ImaZins via Getty Images Estee Lauder (NYSE: EL) reported its Q1’24 results earlier this week (the fiscal year ends in June), with revenues meeting and earnings beating the street estimates. However, the stock plunged 19% following the earnings release due to downbeat guidance. The company reported revenue of $3.5 billion and an adjusted loss…
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Santander has agreed to hire the former co-head of Credit Suisse’s investment bank, David Miller, who becomes the latest executive to join from the collapsed Swiss lender.Miller will join Santander’s New York office as vice-chair of its corporate and investment bank and report to its head, José Linares, from January, according to people familiar with the appointment.Santander has already hired dozens of former Credit Suisse investment bankers this year and has set aside $250mn to build out its own investment bank over…
© Reuters. U.S. Secretary of State Antony Blinken speaks to reporters about the war between Israel and Hamas and the situation in Gaza as he boards his aircraft to depart Washington on travel to the Middle East and Asia at Joint Base Andrews, Maryland, U.S., Novembe By Joe Bavier, Nellie Peyton and Bhargav Acharya JOHANNESBURG (Reuters) – U.S. President Joe Biden’s administration wants to work with Congress to improve a U.S.-Africa trade pact, not just renew it without changes, U.S. Secretary of State Antony Blinken said on Friday. The African Growth and Opportunity Act (AGOA), a U.S. trade initiative passed…
© Reuters. BofA warns traders: ‘Everyone now expects big year-end rally’ Money market funds continue to attract the majority of inflows, with total inflows reaching an annualized basis of $1.3 trillion, according to BofA equity strategists. In the week ending November 1, cash funds received $64.2 billion in inflows, bonds saw their fourth consecutive week of inflows at $4.5 billion, while $3.4 billion exited equity funds, and $81 million left gold funds, according to the data provided by EPFR Global. The analysts note that the BofA Bull & Bear Indicator has dropped to 1.4, the lowest level since November 2022.…
5/5 © Reuters. FILE PHOTO: Solar panels from SunPower are installed on residential buildings at a model home display in the Eureka Grove neighborhood of Granite Bay, California, U.S., October 5, 2021. Picture taken with a drone. Picture taken October 5, 2021. REUTERS 2/5 By Nichola Groom (Reuters) – U.S. companies have announced plans to build dozens of solar panel factories across the country since last year when President Joe Biden’s signature climate law unleashed billions of dollars of subsidies, raising hopes a clean energy boom can provide tens of thousands of good paying jobs. But global solar panel prices…
American Century Emerging Markets Bond ETF declares monthly distribution of $0.1908
© Reuters Investing.com – The U.S. dollar weakened in early European trade Friday, extending earlier losses as traders positioned for the end of the Federal Reserve’s rate-hiking cycle, although moves have been limited ahead of the release of key nonfarm payrolls data later in the session. At 03:20 ET (07:20 GMT), the Dollar Index, which tracks the greenback against a basket of six other currencies, traded 0.1% lower at 105.892, on course to drop 0.5% this week, just its third week of losses in the last 16 weeks. Dollar heading for weekly loss The dollar has lost a lot of…