Nov 16 Reuters Asset management giant BlackRock on Thursday officially filed for a spot ethereum exchangetraded fund ETF, doubling down on its cryptocurrency bets amid investor optimism about the approval of such investment vehicles. The iShares Ethereum Trust, which was registered last week and will be listed on Nasdaq if approved, will give investors access to ether the […]

ZURICH, Nov 16 Reuters EFG International shares were up 3 early on Thursday after the Swiss private bank reported net profit of more than 240 million Swiss francs 270.09 million for the first 10 months of the year and expanded its share buyback program. EFG reported 5.2 billion Swiss francs in net new assets for the […]

HONG KONG, Nov 15 Reuters Chinese technology giant Tencent Holdings on Wednesday said it has a large stockpile of AI chips from U.S. maker Nvidia, but that broadened U.S. restrictions on highend chip sales to China will eventually impact its cloud services. President Martin Lau, on an analyst call following Tencent39;s thirdquarter earnings report, said the U.S. decision […]

Shares indicated 1.8 higher FRANKFURT, Nov 16 Reuters Siemens on Thursday gave a more cautious sales outlook for 2024 after the trains to industrial software maker reported fourthquarter industrial profit ahead of expectations. The German group, whose products are used to automate factories and buildings, said it expected its revenue to grow 48 in the next […]

Nov 16 Reuters Dutch Insurer Aegon raised its fullyear capital generation forecast on Thursday, driven by a strong performance in the U.S. market. The company expects operating capital generation from its units to be around 1.2 billion euros 1.30 billion this year, versus a prior target of more than 1 billion. It had previously said it […]

HONG KONG, Nov 16 Reuters China39;s Lenovo Group Ltd on Thursday posted a 16 fall in revenue for the three months through September, meeting market expectations, as supply for personal computers PCs continued to outstrip demand. Lenovo39;s quarterly revenue fell 16 to 14.41 billion from the same period last year, marking the fifth consecutive quarter that […]

LONDON, Nov 16 Reuters Britain39;s Hotel Chocolat agreed to a 534 million pound 662 million takeover offer from Mars Inc on Thursday, the specialist chocolatier succumbing to the U.S. food giant with international expansion in mind. Set up twenty years ago, Hotel Chocolat aimed to make chocolate exciting by bringing ethical affordable luxury to the British […]

BENGALURU, Nov 16 Reuters India39;s Tata Technologies set a price band of 475500 rupees per share for its initial public offering, per a term sheet and newspaper ad on Thursday, valuing the first Tata Group company to go public in nearly two decades at roughly 2.5 billion. India has had a record 194 IPOs so far this […]