WeWork's failure to go public and this year's disappointing tech IPOs in the United States are a positive sign of market discipline and investor vigilance, Oaktree Capital's billionaire co-chairman Howard Marks said.
NEW YORK: U.S. stocks will keep rising in 2020 but at a much more modest pace than this year, with plenty to potentially slow the ascent, according to a Reuters poll of strategists. The benchmark S&P 500 index will finish 2020 at 3,260, roughly 4per cent above its close...
Even though the U.S. stock market continues a record-breaking rally that has sent the benchmark S&P 500 index up nearly 25per cent for the year, investors appear to be looking elsewhere for better values in the year ahead.
Thailand reversed a decision on Wednesday (Nov 27) to ban a controversial weedkiller and extended the permitted use of two other pesticides for six months, following pushback from its multi-billion dollar agriculture industry.
U.S. stock index futures were slightly higher on Wednesday, as optimism around trade talks continued, while investors waited for crucial domestic economic indicators in a holiday-shortened week.
Deutsche Bank has sold US$50 billion (45 billion euros) in unwanted assets to Goldman Sachs as part of its restructuring, a person with knowledge of the matter said on Wednesday, confirming a Bloomberg report.
SINGAPORE: Beleaguered Hyflux has applied to the Singapore High Court for another two-month extension of its debt moratorium. The applications by Hyflux and three of its subsidiaries, will be heard at a scheduled court hearing on Friday, the company said in a filing to the Singapore Exchange on ...
BMW management and labor have reached an agreement on measures to reduce costs that avoids "drastic measures", the German carmaker said on Wednesday.
Chinese smartphone maker Xiaomi Corp on Wednesday posted Q3 revenue of 53.6 billion yuan in revenue, in line with analyst estimates.
SINGAPORE: With Hyflux staring at the prospect of being left high and dry at one point in time, the confirmation of its restructuring deal with United Arab Emirates utility group Utico is a positive development, experts said. But the long-awaited rescue plan brings mixed news for Hyflux’s massive ......
