October 2024 – Page 46 – UAG Trade Asia

Sterling Pinned near One Month Low after British GDP Data

October 11, 2024
Finance
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LONDON, Oct 11 Reuters The pound was pinned around a one month low on the dollar on Friday, getting little support from data that showed Britain39;s economy returned to growth in August. Sterling was last flat on the day on the dollar at 1.3069, just off the 1.3011 hit Thursday, its lowest since mid Sept. […]

October 11, 2024
Finance
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JOHANNESBURG, Oct 11 Reuters South Africa39;s rand strengthened against the dollar on Friday, after U.S. data firmed up bets on another interest rate cut by the Federal Reserve next month. At 0809 GMT, the rand traded at 17.4575 against the dollar , about 0.4 stronger than its previous close. The dollar index was last down 0.04 against […]

October 11, 2024
Finance
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FTSE 100 flat, FTSE 250 up 0.1 Oct 11 Reuters The bluechip FTSE 100 was flat on Friday, weighed down by losses in Sainsbury39;s after its biggest shareholder cut stake in the supermarket chain, while BP slipped as it warned on thirdquarter profit. Sainsbury39;s dropped 4.2, the top decliner on the FTSE 100, after the Qatar […]

October 11, 2024
Finance
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Investors await further details on China39;s stimulus Little reaction in French stocks after budget Stellantis drops as CEO Tavares to retire Oct 11 Reuters European stocks dipped on Friday as nervous investors awaited updates on China39;s stimulus plans, while French markets edged down after the government unveiled its 2025 budget aimed at tackling a spiralling […]

October 11, 2024
Business
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MILAN, Oct 10 Reuters BPER will not buy back its own shares over the next three years but rather use dividends to reward investors, its chief executive said, as the Italian bank on Thursday hiked its payout ratio to 75 under a new multiyear strategy. CEO Gianni Franco Papa told a press conference that though he […]

October 11, 2024
Business
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MADRID, Oct 11 Reuters Zara owner Inditex has launched a fund to invest around 50 million euros 54.75 million in innovation projects, mainly in the textile sector. Spanish website El Confidencial on Friday reported Inditex39;s decision to invest in a new fund, which the company confirmed to Reuters. The new fund, to be managed by […]

October 11, 2024
Business
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Oct 11 Reuters Polestar said on Friday that it expected to achieve a positive gross profit margin in the fourth quarter despite its electric vehicle deliveries falling 14 in the third quarter. Shares of the Swedish company fell 3.8 in premarket trading. Polestar, which is majority owned by China39;s Geely RICRICGEELY.UL, has been grappling with […]

October 11, 2024
Business
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STOCKHOLM, Oct 11 Reuters Meta Platforms Inc META.O, opens new tab said on Friday it had removed a network of group accounts targeting Russianspeakers in Moldova, ahead of the country39;s Oct. 20 election, for violation of the company39;s policy on fake accounts. Moldova, with a population of about 2.5 million people, is located between Romania and Ukraine, […]

October 11, 2024
Business
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Lufthansa says Fiumicino has room to grow German airline sees airport as gateway to LatAm, Africa Fiumicino39;s expansion plan awaits Italian regulator approval Analysts and investors warn of uncertainties in ITA investment ROMELONDONFRANKFURT, Oct 11 Reuters Lufthansa39;s longpromised turnaround of Italy39;s ITA Airways, crucial to help revive the German airline39;s fortunes, is interlinked with Rome airport Fiumicino39;s […]

October 11, 2024
Business
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MUMBAI, Oct 11 Reuters Billionaire Gautam Adani39;s flagship firm Adani Enterprise has raised 500 million via a share sale to local insurance and mutual funds firms and an existing U.S. based investor, two sources with direct knowledge said. The share sale marks the company39;s return to equity markets after it scrapped a 2.5 billion plan in […]

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Sterling Pinned near One Month Low after British GDP Data

S.African Rand Rises after U.S. Data Fuels Fed Rate Cut Bets

FTSE 100 Little Changed; Sainsburys, BP Slip

European Stocks Dip as Chinas Stimulus Uncertainty Weighs

BPER Rules Out Share Buybacks for next 3Y, Focuses on Internal Growth

Zara Owner Inditex Launches Fund to Finance Textile Innovation

EV Firm Polestar Expects Positive Q4 Gross Margin Despite Slow Demand

Meta Removes Fake Accounts in Moldova ahead of Presidential Election

Lufthansas Risky Italy Bet Hinges on Rome Airport Expansion

Indias Adani Enterprises Raises 500M via Share Sale, Sources

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