The preliminary estimate indicated an annualised growth rate of 6.4 for the US economy in the previous quarter. These figures marked an acceleration from the last quarter 4.3 but a bit worse than the average expectation of 6.8. With the latest increase, GDP was 0.4 higher than a year earlier, which means that economy has […]

April 29 Reuters European stocks edged back towards recordhighs on Thursday after a slew of upbeat earnings reports and the U.S. Federal Reserves pledge to stick to loose monetary policy. The panEuropean STOXX 600 index rose 0.5 to 442 points, marginally below its record peak of 443.61. Consumer goods giant Unilever rose 2.7 as a […]

LONDON, April 29 Reuters Euro zone government bond yields were anchored below twomonth highs on Thursday after policymakers in the United States suggested they would keep the stimulus taps flowing for now even in the face of a growing economy and rising inflation. The possibility of a tapering of bond purchases from the worlds most […]

Rates as of 0500 GMT Market Recap A day with big events planned resulted in only small moves in the US stock and bond markets as the meeting of the Feds ratesetting Federal Open Market Committee FOMC went pretty much as expected. The Fed upgraded its view of the economy in the statement following the […]

LONDON, April 28 Reuters The rand has emerged as an unlikely winner among emerging market currencies since the COVID19 pandemic swept the globe, despite South Africas high levels of debt and unemployment. U.S. sanctions have rumbled Russian bond markets, Turkish assets have been hit by monetary policy concerns and other big developing countries such as […]

HANOI, April 29 Reuters London copper prices inched closer towards an important psychological level of 10,000 on Thursday, as a weaker U.S. dollar made the greenbackpriced metal cheaper to holders of other currencies. Threemonth copper on the London Metal Exchange was up 1.1 at 9,980 a tonne by 0632 GMT, having risen to as high […]

NEW YORK Reuters Endeavor Group Holdings Inc, the owner of the Ultimate Fighting Championship UFC said on Wednesday it sold shares in an initial public offering IPO at the high end of the target range to raise 511.2 million. Endeavor priced 21.3 million shares at 24 per share. The company had previously priced the shares […]

April 28 Reuters Facebook Inc beat market expectations for quarterly revenue on Wednesday, powered by higher ad spending by businesses during a pandemicinduced surge in online traffic. Shares of Facebook rose 6.6 in trading after the bell. Total revenue, which primarily consists of ad sales, rose to 26.17 billion in the first quarter ended March […]

HONG KONG, April 29 Reuters A record 1.8 trillion worth of bonds are set to mature in Asia this year, data shows, leading to a rush to refinance them in the coming months. Most of the maturing bonds in Asia are from China, South Korea, Australia and India and the region dwarfs Europe and the […]

As the use of derivatives for hedging against FX and interest rate risks has increased, the nature of companies’ pricing practices has changed drastically and become quite complex.