Five IPOs to open next week; companies eye close to ₹2,600 crore
These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat
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These companies are expected to announce price band declarations and launch plans by November 5, ahead of the extended Diwali holiday period in Gujarat
A veteran Hong Kong stock commentator has died at the age of 66, with a police source revealing he had a history of heart disease and diabetes. Louie Shum Chun-ying’s twin sister confirmed on Sunday that her 66-year-old elder brother died Saturday night at Ruttonjee Hospital in Wan Chai, sharing the news in a post on his social media page. Shum was chief executive of stock brokerage Fortune Securities until his retirement two years ago. “My brother dedicated his life to Hong Kong’s financial and...
- Shares of Procter & Gamble (PG) moved higher ahead of the US market open after the company's sales and profits beat Wall Street expectations. Organic revenue rose 4% in the first quarter, the fastest growth in three years. - Shares of Spotify (SPOT) rallied after results and forecast spoke to improving margin trends. Spotify reported that the service’s paying subscribers increased 2% to hit 306 million in the third quarter, topping Wall Street estimates of 305.1 million. - Hermès (RMS FP) reported disappointing sales in the third quarter on sluggish demand in China. Their 41% slump so far this year puts them on track for the worst annual performance since the company listed in 1993. - Shares of Lam Research (LRCX) fell in premarket trading after the semiconductor capital equipment company gave a forecast for adjusted second-quarter earnings slightly weaker than expected. (Source: Bloomberg)
Berkshire Hathaway Inc. investors are moving on after the departure of the firm’s legendary leader Warren Buffett, as shares hit a new high Wednesday.
On this episode of Stock Movers: - Elice (KS) is floundering as it plunged in their trading debut, falling as much as 38% and finishing the day with a 32% loss. The selloff threatened a tentative recovery in Asian stocks and revived concerns over neoclouds, as rising borrowing costs and doubts over returns from massive AI spending sour investor appetite. - GE Aerospace (GE) is moving after raising its full-year outlook amid strong aircraft engine demand, despite resurgent jet fuel prices. - General Motors (GM) shares are lower after the company narrowed its full-year profit forecast and will buy back another $20 billion in stock, reflecting strong cash flows. General Motors reported higher profit and revenue in the latest quarter despite selling fewer cars. (Source: Bloomberg)
Australia risks losing more ground to major Asia Pacific financial centers unless its stock exchange upgrades its market and makes it easier for investors to access, according to ASX Ltd.’s new chief.
Nasdaq’s attempt to delist tiny foreign companies with volatile trading records has run headlong into criticism that it will kick out legitimate homegrown businesses.
It comes as some investors have become concerned about the amount of money being spent on AI infrastructure.
A selloff in Singapore bank shares driven by fears of earnings downgrades is threatening one of Asia’s best-performing major stock benchmarks this year, putting the city-state’s safe haven status to the test.
"Insight with Haslinda Amin" is a daily news program featuring in-depth, high-profile interviews and analysis to give viewers the complete picture on the stories that matter. The show features prominent leaders spanning the worlds of business, finance, politics and culture. (Source: Bloomberg)
Billionaire Ray Dalio warned that artificial intelligence is a “classic bubble” that is nearing a bursting point thanks to rising interest rates and the need to turn wealth into cash. A rally in stocks came to a halt and global bonds fell as mounting attacks on tankers in the Middle East pushed oil prices higher. Futures for the S&P 500 stood pat after the index hit a record high in the previous session. Europe’s Stoxx 600 fell 0.6%, ending a three-day run of gains. SK Hynix fell nearly 3% in South Korea ahead of the expiry of a lockup on its American depositary receipts. The Opening Trade has everything you need to know as markets open across Europe. With analysis you won't find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Anna Edwards, Guy Johnson and Tom Mackenzie. (Source: Bloomberg)
The Tanzania stock market lost about US$166 million in the week to 2 October 2026 as bank shares fell, led by NMB, while the index stays far above last year. The post Tanzania Stock Market Loses US$166 Million in a Week appeared first on The Rio Times.
Shares of Singapore Exchange Ltd. slipped on Monday, extending a slump that’s erased about $4.2 billion in market value since an August peak on rising concern over lofty valuations.