Investing.com — Frontline’s (OL:FRO) (NYSE:FRO) stock price took dropping over 12%, following its third-quarter 2024 financial results. The company reported a year-over-year decrease in net profit for the quarter, with net income falling to $60.5 million, compared to $187.6 million in the same period of 2023. This marks a near 70% drop in profitability, despite an…
Investing.com – Black Friday, the day after the US Thanksgiving holiday, is usually regarded as the start of the US holiday shopping season. However, Barclays (LON:BARC) BARC also sees upside for UK retailers from a strong quarter. “Historically, we find that Black Friday has catalysed abnormal excess return for the FTSE All Retailers index. For…
(Reuters) -Pony AI said on Wednesday it had raised $260 million in its U.S. initial public offering, valuing the China-based robotaxi company at around $4.55 billion. It sold 20 million American depositary shares in the offering priced to investors at $13 each, the high-end of its targeted range. Pony AI’s listing may show how U.S….
(Reuters) – Hyundai Motor (OTC:HYMTF) is recalling 226,118 vehicles in the U.S. over concerns the rear view camera image may fail to display, the National Highway Traffic Safety Administration said on Wednesday. Source
(Reuters) – JPMorgan upgraded Mexican equities to “overweight” from “neutral” on the back of strong U.S. growth, but cut Brazilian equities citing slower growth in China amid emerging pressures from President-elect Donald Trump’s tariff policy. “Good US growth continues to support Mexican consumers through remittances, at the same time that a weaker MXN increases the…
BERLIN (Reuters) – German consumer sentiment is expected to tumble in the last month of the year, breaking a streak of increases as households, confronted by reports of job cuts, grow more pessimistic about their income prospects, a survey showed on Wednesday. The consumer sentiment index, published by GfK and the Nuremberg Institute for Market…
By Federico Maccioni DUBAI (Reuters) – Emirates Airline is a “frustrated entity” because of a lack of planes, the carrier’s president said on Wednesday, adding that it would now have an 85-strong fleet of Boeing (NYSE:BA) 777-9X jets if the planemaker had been able to deliver them on time. “We are expansionists, as you know….
Investing.com — Shares in Pets at Home Group Plc fell sharply by more than 10% on Tuesday following the release of its FY25 interim results. The company reported subdued market conditions that are expected to persist into the second half of the financial year, dampening near-term growth expectations. “Pets at Home has reported its H1…
By Gleb Bryanski MOSCOW (Reuters) – The Russian rouble weakened further against the U.S. dollar and China’s yuan on Wednesday and is down by over 24% since early August, when it started the current slide. The rouble’s fall caught off guard economists who expected the Russian currency to hit the 100 mark against the dollar…
Investing.com — Shares of Just Eat Takeaway (LON:JETJ) fell on Tuesday following the company’s plans to delist from the London Stock Exchange (LON:LSEG). The decision comes as the food delivery giant continues to streamline its operations and address administrative and cost concerns associated with maintaining its secondary listing in London. In a statement released by…
