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Indian Miner Vedanta Tops Q2 Profit View on Higher Metals Prices

November 8, 2024
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Nov 8 Reuters Indian miner Vedanta Ltd posted a biggerthanexpected secondquarter profit on Friday buoyed by higher metals prices even as demand was sluggish. The conglomerate, led by billionaire Anil Agarwal, reported consolidated net profit of 43.52 billion rupees about 516 million for the September quarter, which surpassed analysts39; average estimate of 23.67 billion rupees, as […]

November 8, 2024
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China39;s latest stimulus package in line with estimates Investors had wanted more after Trump39;s election win Chinese stocks to move on to price in Trump tariffs SHANGHAISINGAPORE, Nov 8 Reuters Investors hoping China would announce extra fiscal buffers for an economy girding for another Donald Trump presidency were disappointed on Friday. China39;s top legislative body, […]

November 8, 2024
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Canada39;s economy adds 14,500 jobs in October Wages of permanent employees rise by 4.9 Unemployment rate stays unchanged at 6.5 Market bets for 50 bps rate cut next month drops OTTAWA, Nov 8 Reuters Canada added a fewerthanexpected 14,500 jobs in October and wages of permanent employees rose, data showed on Friday, as the economy […]

November 8, 2024
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US weekly jobless claims rise moderately Fed cuts rates by 25 bps JP Morgan, Goldman weigh on Dow Indexes Dow flat, SP 500 up 0.74, Nasdaq up 1.5 NEW YORK, Reuters U.S. stocks closed higher on Thursday, after the Federal Reserve announced a cut of 25 basis points bps in interest rates, extending a sharp rally […]

November 8, 2024
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Q3 net profit surged to S1.61 bln vs S1.50 bln estimate New records in net fee income, trading and investment income Net interest margin down slightly at 2.05 SINGAPORE, Nov 8 Reuters Singapore39;s United Overseas Bank, or UOB, posted a fasterthanexpected rise in third quarter net profit to a record, helped by brisk trading and […]

November 8, 2024
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DUBLIN, Nov 8 Reuters The unique exposure of Ireland39;s lowtax business model to the United States could place its public finances at significant risk under a Donald Trump presidency if he follows through on preelection promises. Trump has pledged to incentivise industries to bring production back to the United States, and to slash the corporate tax rate […]

November 8, 2024
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BEIJING, Nov 8 Reuters China will let local governments issue an additional 6 trillion yuan 837.7 billion in bonds to swap for offbalance sheet or hidden debt over three years, an official said on Friday, in a crucial step to lower systemic risks in the flagging economy. The economy has stuttered in recent months, facing strong deflationary pressures amid […]

November 8, 2024
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China39;s car sales rise 11.2 in Oct, fastest since Jan Domestic champion BYD leads the rise Rapid growth buoyed by government subsidies BEIJING, Nov 8 Reuters China39;s passenger vehicle sales jumped 11.2 in October yearonyear, the second straight monthly rise and the fastest growth since January, led by domestic champion BYD as automakers raced to meet […]

November 8, 2024
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Exports 8.4 yy vs 9.0 forecast in Reuters poll Exports to China 2.1 yy prior month 1.7 Exports to U.S. 20.5 yy prior month 27.3 Sees stable growth in Q4 exports ministry TAIPEI, Nov 8 Reuters Taiwan39;s exports rose less than expected in October, as benefits from the booming artificial intelligence AI industry were countered […]

November 8, 2024
Finance
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Nov 8 Reuters Sterling was within striking distance of its highest level in more than 212 years against the euro on Friday as investors bet the European Central Bank would follow a faster monetary easing path than the Bank of England. The BoE cut interest rates on Thursday for the second time since 2020 and said future […]

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Indian Miner Vedanta Tops Q2 Profit View on Higher Metals Prices

Chinas Latest Stimulus Falls Short of Expectations

Canada Adds Fewer Jobs than Expected in October, Wages Rise

Stocks Close Higher after Fed Cuts Interest Rates

Singapores UOB sees Better Loan Growth in 2025 as Q3 Profit Hits Record

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Chinas Car Sales Jump in Oct, Automakers Rush to Meet Annual Goals

Taiwan Oct Exports Miss Expectations as China Weighs

Pound Close to 212yr High Versus Euro on Policy Rate Bets

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