Jyoti Singh
Investing.com – European stock markets saw a slight decline on Wednesday as investors analyzed more quarterly earnings results and awaited regional growth data as well as the UK budget. At 04:15 ET (08:15 GMT), the DAX in Germany traded 0.4% lower, the CAC 40 in France fell 0.8%, and the FTSE 100 in the U.K. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Early on Wednesday, a significant fire broke out at a BAE Systems shipyard in north-west England where nuclear submarines are constructed, leading to two individuals being hospitalized. The fire was first reported at 12.44am at … Read more
Reddit Inc. experienced a significant increase in its shares, rising by as much as 22% during after-hours trading on Tuesday following the company’s impressive sales and forecast that exceeded analyst expectations. Since its initial public offering in March, the social network operator reported sales of $348.4 million for the quarter ending in September, surpassing the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Standard Chartered has announced plans to double its investment in its wealth management business and shift its focus towards affluent individuals and global institutions following a rise in pre-tax profits in the third quarter. The … Read more
China has filed a complaint with the World Trade Organization over the European Union’s decision to impose high tariffs on Chinese-made electric cars. The EU announced tariffs of up to 35% after finding that Chinese state subsidies were undercutting European automakers. Germany and Hungary have opposed the move, fearing a trade war with Beijing. China … Read more
South Korea’s export growth is expected to have slowed for a third consecutive month in October, according to a Reuters poll. The slowdown is attributed to cooling global demand for computer chips. Outbound shipments from the country are forecasted to have risen by 6.9% in October compared to the previous year. This marks the 13th … Read more
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Novo Nordisk A/S was recently found to have quality lapses at a drug production plant in Denmark that manufactures the popular medicines Ozempic and Wegovy. The plant, located in Kalundborg, Denmark, was found to lack information demonstrating that the water used in drug production was adequately controlled for certain microorganisms, as per a report from … Read more
Thryv Holdings, Inc. (Thryv or the Company) (NASDAQ: THRY) has announced the pricing of an underwritten public offering of 5,715,000 shares of its common stock at a public offering price of $14.00 per share, totaling gross proceeds of approximately $80.0 million. The underwriter has been granted a 30-day option to purchase up to 857,250 additional … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Iran is planning a significant increase in its defense budget for the upcoming fiscal year, following recent tensions with Israel that have raised concerns about wider conflict in the Middle East. Government spokesperson Fatemeh Mohajerani … Read more