Tag: CMPNY
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Wall Street rallies, European shares see biggest gain in 2 months
[1/2] Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., May 22, 2023. REUTERS/Brendan McDermid U.S. leaders continue meeting to raise debt ceiling T-bill yields gain after U.S. spending data Worries over China recovery hit mood NEW YORK/LONDON, May 26 (Reuters) – Wall Street’s main indexes rose ... -
Cummins engine filter unit valued at $1.8 billion in strong market debut
May 26 (Reuters) – Atmus Filtration Technologies Inc (ATMU.N), the filtration business of U.S. diesel engine maker Cummins Inc (CMI.N), fetched a valuation of $1.8 billion in a strong market debut on Friday. Shares of Atmus opened at $21.67, up 11% from their initial public offering price of $19.5 a share. Atmus raised about $275 ... -
Glencore’s shareholder opposition to climate report grows
LONDON, May 26 (Reuters) – Just over 30% of Glencore’s (GLEN.L) investors rejected the company’s climate progress report at its annual meeting on Friday, demanding more clarity on how the global miner will meet its commitments to cut emissions. Around 29% of shareholders also backed a shareholder resolution seeking more disclosure on progress in scaling ... -
Paramount Global shares rise as major shareholder gets $125 mln investment deal
NEW YORK, May 26 (Reuters) – Shares of Paramount Global (PARA.O) rose by more than 6% on Friday after its controlling shareholder, media mogul Shari Redstone’s National Amusements Inc, announced it had received a $125 million investment from a private equity firm. National Amusements said it had agreed a $125 million preferred equity investment from ... -
TSX futures tick higher on commodity strength, US debt deal hopes
May 26 (Reuters) – Canada’s main stock index was set to open higher on Friday, recovering from three-straight sessions of losses, as commodity prices ticked higher, while investors were hopeful of a deal concerning the U.S. debt limit. June futures on the S&P/TSX index were up 0.4% at 7:06 a.m. ET. Contracts tied to crude ... -
Sanctioned China stocks win sudden boost from patriotic buyers
SHANGHAI/SINGAPORE, May 26 (Reuters) – The trademark Chinese patriotism is back at play in markets. As Japan and the United States place fresh curbs on Chinese technology firms, local investors are scooping up shares of those firms and state companies, and reaping handsome rewards. China has for years been guiding money into its innovative companies, ... -
Credit Suisse liquidity support from government should be soon repaid – minister
[1/2] The logo of Credit Suisse is pictured on a building in Zurich, Switzerland, April 4, 2023. REUTERS/Pierre Albouy/File Photo ZURICH, May 26 (Reuters) – Credit Suisse (CSGN.S) should soon repay the emergency liquidity that the Swiss government gave the stricken bank to aid its rescue, Finance Minister Karin Keller-Sutter said in an interview published ... -
U.S., Chinese commerce chiefs raise complaints on trade, investment, export policies
DETROIT/BEIJING, May 25 (Reuters) – U.S. Commerce Secretary Gina Raimondo and Chinese Commerce Minister Wang Wentao traded barbs on trade, investment and export policies in talks on Thursday described by Raimondo’s office as “candid and substantive.” Their meeting in Washington was the first U.S.-China cabinet-level exchange in months, after a string of trade and national ... -
Investing in AI: how to avoid the hype
AI boom brings fresh challenge for investors AI-themed stocks highly valued Stick with big tech not AI stocks – investors LONDON, May 26(Reuters) – Experienced tech investors are hunting for undervalued opportunities in an over-valued space. At stake is how best to invest in the potential of Artificial Intelligence (AI), which took a leap forward ... -
TD to build U.S. business brick by brick, after First Horizon set back
Focus on U.S. southeast, fast-growing cities Sees growth opportunities in wealth management Plans 18 store openings in U.S. this year, 150 by 2027 TORONTO, May 25 (Reuters) – Canada’s no.2 lender TD Bank Group (TD.TO) will push ahead with its U.S. expansion by focusing on organic growth, after its M&A-led strategy in the world’s biggest ...
