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The stock of First Republic Bank falls roughly 60% in a week.
Concerns about the bank's financial health in the aftermath of two other bank failures led to a continuing decline in First Republic Bank's stock price on Wednesday, which has lost 60% of its value just this week.
After the bank disclosed that depositors withdrew more than $100 ...
In spite of ongoing concerns about a global economic slowdown, the initial public offering (IPO) market is showing signs of life
Especially in Asia, the global IPO market is exhibiting signs of life as the stock market recovery has empowered corporations to gauge investor interest in fresh listings. The likelihood of a full recovery, however, remains low. Data collated by Bloomberg shows that the first two months of the ye...
Financial, automotive, and battery material gains push Seoul stocks higher at the close.
Automakers, battery materials businesses, and financial institutions were the day's top gainers on the South Korean stock market. The domestic currency depreciated versus the dollar.
After gaining 3.99 points, or 0.16 percent, the Korea Composite Stock Price Index ended the day at 2...
After a surprising cut by OPEC and allies, European markets end the day lower, while oil and gas stocks rise by 4 percent.
Monday's slight decline across Europe's stock markets came as investors focused on the oil market in the wake of a surprise production cut by the OPEC+ alliance.
After being flat for most of the afternoon, the pan-European Stoxx 600 index ended up 0.1%.
Brent crude fut...
The stock price of Rail Vikas Nigam has increased by 4%. This is why
After receiving a letter of award from the Ministry of Railways to manufacture and operate Vande Bharat train-sets, shares of Railway PSU firm Rail Vikas Nigam (RVNL) rose by 4% on Friday, closing at Rs 69.6. To produce and maintain Vande Bharat train-sets, as well as to upgrade government manufa...
After a day of ups and downs on Wall Street, the US stock market ends the day with a gain, and the S&P 500 ends its loss streak.
On a volatile day on Wall Street, the S&P 500 managed to finish the day in the black, ending a four-day losing streak as investors tried to make sense of how interest rate policy might affect the U.S. economy. As investors attempted to predict what the U.S. Federal Reserve would do with inter...
As rate increases approach, stocks find it difficult to advance.
Despite the dollar reaching multi-week highs, Asian stock markets were pinned near seven-week lows on Thursday due to investors' concerns that interest rates would need to keep increasing and remaining high to stop inflation in the wake of a slew of positive economic data. The broadest MSCI m...
The Korean Stock Market Is Expected to Raise in 2023, and You Need to Know How to Invest in It.
This closed-end fund has outperformed its benchmark over the past decade and trades at a significant discount of almost 15%. The expense ratio is also reasonable. When compared to international stock markets, Korean stocks have a forward price-to-earnings ratio that is relatively low. In addition...
The stock market slumps as the Fed's strong stance dampens China's surge.
In spite of China's latest reopening plans, Wall Street was expected to take it easy on Thursday due to positive jobs statistics and the Fed's clear signal that interest rates will not be slashed anytime soon. Overnight, equities in Asia and the Pacific outside of Japan hit a four-month h...
Stock market predictions for 2023: Doom and gloom from investment pros
King Global investors are counting on a number of trends for 2023, including the (inevitable) decline of the dollar, a rebound in bonds, and a recovery in developing economies. How badly economies now bend, and if skyrocketing inflation and the global gut-punch of nearly 300 central bank interest...
The conclusion of the midterm elections could usher in a more favourable stock market.
Wall Street, which normally prefers gridlock, will breathe a sigh of relief when the campaigning is over.
Elections, as the phrase goes, have repercussions.
However, depending on the speaker's political background, individuals who utter the words usually mean a loss of a w...
Ahead of the most recent U.S. jobs reading, Asian stock markets decline
On Friday's Asian stock market action was uneven ahead of U.S. jobs data that could support Federal Reserve plans for larger interest rate increases to curb rising inflation.
Seoul, Tokyo, and Hong Kong all withdrew as Shanghai moved forward. Over $1.50 per barrel was added to the p...
Thai Stock Market: Expected Resistance 1.603 Points
On back-to-back trading days, the Thai stock market increased, gaining more than 40 points or 2.6 per cent. The Stock Exchange of Thailand is currently hovering just above the 1,590-point threshold, but Tuesday's opening is expected to be negative. A minor consolidation is predicted for the A...
Good economic news; the question now is how to break out of stagflation with a major price shock impending
It's all to play for as the economy appears to be on track for strong growth this year. The most important element is the price of oil, which has dropped in the previous month. Inflation and the erosion of customer buying power are currently the most serious threats to the government's pr...
Thailand's government tries to simplify crypto tax calculations.
Highlights :
Thailand is a major tourist destination, and authorities have been trying to demonstrate a friendly attitude towards the growing number of cryptocurrency users. In September, the country’s tourism authority announced it wanted to encourage a “cryptourism atmosph...
US Stock Exchange Delists More Than 170 Companies
According to a recent report, the stock exchanges in the United States have delisted 179 companies between the years 2020 and 2021.
The report cited data saying that in 2019, the number of companies on the New York Stock Exchange and Nasdaq was 5,454. The number rose to 6,179 in the yea...
USA’s largest cinema chain to accept bitcoins
CEO of AMC theatres, Adam Aron expressed his interest in participating in the swelling cryptocurrency universe. Taking the decision, he has decided to accept bitcoins in the Theatres. AMC theatres are one of the largest cinema chains in the US and have taken the step for the US, the decision won&...
TOYOTA SHARES HITS HIGH WITH $91 MARK OVER RISING AUTO DEMAND
Highlights –
- Toyota shares hit high with $91 mark over rising auto demand.
- The company shares rose at such a mark for the first time since its listing on the TSE in 1949.
- The company shares have been recording highs since May 28. ...
TOKYO STOCKS END HIGH ON EASING U.S MONETARY STIMULUS
Highlights –
- Tokyo stocks end high on easing U.S monetary stimulus.
- The 225-issue Nikkei Stock Average ended up 213.07 points, or 0.74 percent.
- The broader Topix index of all First Section issues on the TSE finished 5.73 points, or 0....
TOKYO STOCKS END HIGH OVER COVID-19 VACCINE ROLLOUT PLANS
Highlights –
- Tokyo stocks end high over COVID-19 vaccine rollout plans.
- The 225-issue Nikkei Stock Average ended up 97.76 points, or 0.34 percent.
- Topix index of all First Section issues on the TSE finished 0.41 points, or 0.02 percen...