29 July

Sticky

Qualcomm Trades Higher As It Forecasts Trend Toward 5G By Investing.com

Posted by admin

in News

By Dhirendra Tripathi Investing.com – Qualcomm (NASDAQ:QCOM) stock rose 3% in Thursday’s premarket trading after the company forecast a more promising demand for 5G services. The company shifted to upward bias in the forecast for shipments of 5G handsets that host its chips. 5G handset shipments in 2021 are predicted to come between 450 million and 500 million. While much of the world is yet to experience 5G services, manufacturers are already making devices that can run on those signals. Consumers, already exposed to fast 4G services, are also willing to shift ahead of the launch...

29 July

0 Comments

Sticky

Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings By Reuters

Posted by admin

in News

By John O'Donnell FRANKFURT (Reuters) - Weeks before Archegos collapsed, Credit Suisse (SIX:CSGN) received what would turn out to be one of its final warnings from a junior analyst about the hedge fund's impending disaster. Just as with earlier red flags, stretching back years, it was ignored. "Try and act soon," the risk analyst told a colleague in the department dealing with investment fund Archegos, warning that the fund was vulnerable to liquidation, exposing Credit Suisse. "If there is an issue, all brokers would be looking to exit simultaneously," he cautioned, a prediction that...

29 July

0 Comments

Sticky

Informa lifts outlook as China leads trade show recovery By Reuters

Posted by admin

in News

By Yadarisa Shabong (Reuters) -Informa raised its 2021 revenue forecast on Thursday as the UK-based events organiser looks to hold more trade shows in China, the United States and Middle East this year, adding it was confident of exhibitors returning in 2022. The world's largest exhibitions group, whose upcoming shows include Black Hat USA and Global Health Exhibition Riyadh, raised its revenue forecast for the year to about 1.8 billion pounds ($2.5 billion) from 1.7 billion expected previously. The company said it has more than 100 events scheduled for the second half in the United States,...

29 July

0 Comments

Sticky

Schroders’ assets near $1 trillion, aided by low interest rates By Reuters

Posted by admin

in News

By Muvija M (Reuters) -Low interest rates are bolstering money managers like Schroders (LON:SDR), its chief executive said on Thursday as the British firm posted a jump in first-half profits and record high assets under management of 700.4 billion pounds ($977.7 billion). The low rate environment has been a major driver of flows into equities while competing assets of cash or fixed income were "very unattractive", CEO Peter Harrison told Reuters. Robust investor sentiment amid trillions of dollars in government stimulus has also helped, with Schroders saying demand for its mutual funds...

29 July

0 Comments

Sticky

Tesla-chaser Volkswagen lifts margin outlook again after record profit By Reuters

Posted by admin

in News

By Christoph Steitz and Jan Schwartz FRANKFURT (Reuters) -Europe's largest carmaker Volkswagen (DE:VOWG_p) raised its profit margin target on Thursday for the second time in less than three months, pointing to record earnings in the first half of 2021 that topped even pre-pandemic levels. Spurred by Chief Executive Herbert Diess' vision to overtake Tesla as the world's top electric vehicle (EV) player, Volkswagen has unveiled a string of targets and deals this year to meet that goal. They include a bid for Europcar on Wednesday, valuing the car rental firm at 2.9 billion euros ($3.4 billion),...

29 July

0 Comments

Sticky

HeidelbergCement raises profit outlook on construction activity By Reuters

Posted by admin

in News

FRANKFURT (Reuters) - HeidelbergCement (DE:HEIG), the world's second-largest cement maker, on Thursday raised its profit outlook for 2021 on the back of strong construction activity that the group expects to continue due to several pandemic-related stimulus programmes. "The market environment in the construction sector is and remains good," Chief Executive Dominik von Achten said. "We see continued good demand in private residential construction and infrastructure in all regions." The group now expects the result from current operations before depreciation and amortisation (RCOBD) to rise significantly in 2021, having previously expected a slight increase. Even though...

29 July

0 Comments

Sticky

Asia stocks try tentative rally, Fed in no rush to taper By Reuters

Posted by admin

in News

By Wayne Cole SYDNEY (Reuters) - Asian shares managed a modest bounce on Thursday as the U.S. Federal Reserve signalled it was in no rush to taper stimulus, though the mood was fragile as investors waited to see if Beijing could stem the recent rout in Chinese shares. There was also some promising news on the long-awaited U.S. infrastructure bill as the Senate voted to move ahead on the $1.2 trillion deal. China's markets edged higher amid reports regulators had called banks overnight to ease concerns about tighter rules on the education sector and on...

29 July

0 Comments

Sticky

European Stock Futures Largely Unchanged; Fed Meeting, Credit Suisse in Focus By Investing.com

Posted by admin

in News

By Peter Nurse Investing.com - European stock markets are expected to open largely unchanged Thursday after the Federal Reserve concluded its latest policy-setting meeting and as the corporate earnings season continues. At 2:05 AM ET (0605 GMT), the DAX futures contract in Germany traded flat, CAC 40 futures in France rose 0.1% and the FTSE 100 futures contract in the U.K. was flat. Investors have been parsing through the Federal Reserve policy statement, released late Wednesday, with the U.S. central bank saying that "progress" had been made toward its economic goals, potentially bringing forward the time...

29 July

0 Comments

Sticky

Think-tank urges UK government to manage BoE debt sales By Reuters

Posted by admin

in News

LONDON (Reuters) - Britain's government should take on hundreds of billions of pounds of hard-to-sell bonds held by the Bank of England to reduce the risk of the BoE's independence being questioned when the time comes to raise interest rates, a think-tank said. The BoE is nearing the completion of its 875 billion-pound ($1.21 trillion) programme of British government bond purchases, the centrepiece of its COVID-19 stimulus programme. With borrowing costs at rock-bottom lows, the BoE makes profits from its gilt portfolio which flow back to the government. But those profits will turn to...

29 July

0 Comments

Sticky

SoftBank sells 45 million shares in Uber – source By Reuters

Posted by admin

in News

(Corrects SoftBank's ticker symbol in paragraph 1) By Echo Wang (Reuters) -SoftBank is selling about 45 million of its shares in Uber Technologies (NYSE:UBER) Inc, a source familiar with the matter told Reuters on Wednesday. Uber shares were down 4.6% at $44 in extended trading. Any buyer will have a 30-day lockup period, the source said. The person added that the Japanese investment giant's motive was unrelated to the performance of Didi Global and Alibaba (NYSE:BABA) and SoftBank just thought it was a good time to cash out partially on its Uber stake and...

Меню

News

Qualcomm Trades Higher As It Forecasts Trend Toward 5G By Investing.com

Hear no evil, see no evil: How Credit Suisse ignored Archegos warnings By Reuters

Informa lifts outlook as China leads trade show recovery By Reuters

Schroders’ assets near $1 trillion, aided by low interest rates By Reuters

Tesla-chaser Volkswagen lifts margin outlook again after record profit By Reuters

HeidelbergCement raises profit outlook on construction activity By Reuters

Asia stocks try tentative rally, Fed in no rush to taper By Reuters

European Stock Futures Largely Unchanged; Fed Meeting, Credit Suisse in Focus By Investing.com

Think-tank urges UK government to manage BoE debt sales By Reuters

SoftBank sells 45 million shares in Uber – source By Reuters

FINSPECTION MANAGEMENT LTD

FINSPECTION PLC LTD

FINACOM MANAGEMENT NV