Unraveling the tax implications of US Real Property Holding Corporations
Determining whether to apply US tax withholding is a complex undertaking for investment firms.
Emerging market fixed income trading in Latin America: A growth story
2023 was the best year for trading Latin American local currency bonds since 2009, and that growth is expected to continue according to the Economic Commission for Latin America and the Caribbean.
Oil Set to Snap Winning Streak after Fed says in no Rush to Cut US Rates
SINGAPORE, Feb 23 Reuters Oil prices were on track on Friday to snap a twoweek winning streak after the U.S. central bank indicated interest rate cuts could be delayed by at least two more months, but indications of healthy fuel demand and supply concerns could revive prices in coming days. Brent crude futures were down […]
USD/CAD IG Client Sentiment: Our data shows traders are now net-short USD/CAD for the first time since Feb 15, 2024 14:00 GMT when USD/CAD traded near 1.35.
Traders are further net-short than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger USD/CAD-bullish contrarian trading bias.
Japanese Yen Outlook: Turnaround Ahead; Setups on USD/JPY, GBP/JPY, EUR/JPY
This article delves into the technical outlook for USD/JPY, EUR/JPY and GBP/JPY, identifying the crucial price points that could serve as resistance or support in the coming days.
Block Outlook Tops Earnings Estimates, Boosting Shares 12
Reuters Shares in Jack Dorseyled Block surged 12 on Thursday after the payments firm forecast adjusted core earnings for the current quarter above Wall Street estimates, betting on continued consumer resilience and its costcutting measures. The company expects adjusted core earnings between 570 million and 590 million for the three months ended March 31, compared with […]
Carvana Posts FirstEver Annual Profit after it Cuts Debt, Shares Surge
Reuters Carvana reported its firstever annual profit on Thursday, helped by its pact with bondholders to cut its outstanding debt by 1 billion, sending the used car retailer39;s stock up by a fifth in afterhours trading. The company also forecast an adjusted core profit for the first quarter significantly above 100 million. Carvana became popular during […]
Eurofighter Radars Boosted Hensoldts Orders in 2023
Feb 23 Reuters German defence electronics maker Hensoldt reported a 5 increase in annual orders on Friday, with TRML4D and Eurofighter radars driving revenue in 2023. Hensoldt39;s TRML4D radars are an integral part of the German IrisT air defence system supplied to Ukraine while the Eurofighter is the flagship European fighter jet. The defence electronics specialist […]
ATT Restores Service after Hours of Outage
Reuters ATT said late on Thursday an outage that disrupted calls and text messages for thousands of U.S. users and prompted federal investigations was not caused by a cyberattack. The carrier had restored wireless service for all affected customers, several hours after an outage that affected more than 70,000 users at its peak. Based on our […]
BASF Plans more Cost Cuts in Germany, Flags Earnings Rebound
BASF to slash costs further by 1 billion euros in home market Predicts profit rebound, thanks to demand in rest of world More job cuts at Ludwigshafen HQ on the cards FRANKFURT, Feb 23 Reuters Germany39;s BASF will slash another 1 billion euros 1.1 billion in annual costs at its Ludwigshafen headquarters, citing weak demand and […]