Reported 4 months ago
Virgin Media O2 is merging its enterprise unit with Daisy Group to create a new telecom and IT service for businesses. The new entity will be 70% owned by Virgin Media O2 and 30% by Daisy Group, aiming for pro-forma revenues of approximately £1.4 billion and adjusted earnings of around £150 million, based on 2024 performance.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Walmart is gearing up to report its first-quarter results, with analysts optimistic about a rise in sales despite a slight expected drop in adjusted earnings per share. All 19 analysts tracking Walmart currently rate it as a 'buy', anticipating a 3% revenue increase to $165.96 billion. Although there is uncertainty regarding full-year forecasts due to tariff impacts, experts believe Walmart's scale and supply chain position it favorably to navigate these challenges.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
U.S. stock index futures surged as the United States and China reached a temporary agreement to reduce tariffs for 90 days, easing fears of an impending trade war. Treasury Secretary Scott Bessent announced that tariffs would be cut by over 100 percentage points to 10%. Despite this positive development, analysts caution that the short timeframe suggests it may be a negotiation tactic rather than a permanent solution, leaving long-term trade policies uncertain. Major stocks like Nvidia and Tesla saw significant gains, and crude oil prices also rose after the announcement.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Following a ceasefire agreement between Pakistan and India, stock markets in both countries experienced significant gains, with Pakistan's KSE-30 Index rising 9.2% and India's Nifty 50 climbing 3.5%. The truce calmed market anxieties that had escalated due to recent military conflicts, allowing investors to refocus on economic growth prospects, although concerns about potential renewed tensions linger. The International Monetary Fund's recent financial support for Pakistan and India's improving economic signals further contributed to investor optimism.
Source: YAHOO
Reported 4 months ago
Global stock markets, led by the US, surged following the announcement of a 90-day truce in the US-China trade war, with tariffs on both sides being significantly reduced. The S&P 500 jumped 2.6%, and the Dow gained 951 points as investors reacted positively to the potential boost in economic growth and reduced uncertainty. Analysts noted that this pause could support retailers and the economy ahead of key shopping seasons, although challenges remain in the negotiations.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: WSJ
Reported 4 months ago
The financial markets are seeing a significant shift as investors move away from traditional safe havens like Gold, Yen, and Swiss Franc in response to positive sentiment in the crypto sector, particularly Bitcoin, which has exceeded the 100k mark. Despite stable monetary policy from the FED, uncertainty remains, but President Trump's comments on potential tariff relief have sparked an uptick in market optimism. Meanwhile, markets in stocks and fiat currencies remain cautious, with anticipation building for upcoming macroeconomic data, including the US inflation report.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Japanese Prime Minister Shigeru Ishiba has indicated that Japan may increase corn imports from the U.S. as part of ongoing trade discussions, while firmly stating that the country will not compromise its agricultural sector to secure lower tariffs on automobiles. Despite challenges in recent trade talks regarding tariffs, Japan sees the potential for using corn for ethanol fuel as a viable option. U.S. corn exports to Japan reached $2.8 billion in 2024, amid a significant decline in exports to China. Ishiba's remarks come as Japan pushes for a third round of negotiations later this month and insists on the elimination of all tariffs imposed by the previous U.S. administration.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
The US and China have reached a significant deal to temporarily reduce tariffs, easing trade tensions between the two economic giants. Under the agreement, US tariffs on Chinese imports will decrease from 145% to 30%, while Chinese tariffs on US goods will drop from 125% to 10%. This development aims to stabilize financial markets and alleviate concerns over a potential recession, with both countries expressing a desire for balanced trade moving forward.
Source: YAHOO
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Australia's South32 has announced that Matthew Daley, currently an executive at Anglo American, will take over as CEO in 2026. Daley, who has over 20 years of experience in the metals and mining industry, will join South32 as deputy CEO early next year. This leadership change follows current CEO Graham Kerr's decade-long tenure, during which South32 shifted its focus towards copper and other base metals.
Source: YAHOO
Reported 4 months ago
Source: INVESTORS
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: WSJ
Reported 4 months ago
Source: WSJ