Posted inStock
Most Gulf markets gain ahead of US election
By Ateeq Shariff (Reuters) – Most stock markets in the Gulf rose on Tuesday as markets waited for early indications of the outcome of a knife-edge U.S. election. Election Day…
Posted inStock
Data analytics firm Palantir jumps as AI boom powers software adoption
By Zaheer Kachwala (Reuters) -Palantir shares jumped more than 14% before the bell on Tuesday, after the data analytics firm raised its annual revenue forecast for the third time, bolstering…
Posted inStock
Air France-KLM shares down as Morgan Stanley downgrades to ‘underweight’
Investing.com — Shares of Air France-KLM (EPA:AIRF) were down over 1% on Tuesday after Morgan Stanley (NYSE:MS) analysts downgraded the stock to an “underweight” from “equal weight” rating, citing several…
Posted inStock
Emerson sharpens automation focus with offer for rest of AspenTech in $15 billion deal
(Reuters) -Emerson Electric on Tuesday proposed to buy the rest of AspenTech that it does not own at a valuation of $15.1 billion, sharpening its focus on industrial automation. The…
Posted inStock
Cummins posts quarterly profit beat on strong demand for power products from data centers
(Reuters) – Cummins Inc (NYSE:CMI) beat third-quarter profit estimates on Tuesday, due to robust demand for its power generation products from data centers, sending the shares of the company up…
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GlobalFoundries forecasts upbeat Q4 results on strong demand from smartphone makers
(Reuters) – World’s third-largest contract chipmaker, GlobalFoundries (NASDAQ:GFS) , forecast fourth-quarter revenue above Wall Street estimates on Tuesday, driven by recovering semiconductor demand from smartphone makers, sending shares up nearly…
Posted inEconomy
US green power demand expected to grow regardless of election outcome
By Jacob Gronholt-Pedersen and Stine Jacobsen COPENHAGEN (Reuters) -Demand for green power in the United States will grow regardless of who is the country’s next president, major players in the…
Posted inEconomy
Global central bank easing cycle grinds along in October
By Karin Strohecker and Sumanta Sen LONDON (Reuters) – The global monetary easing cycle ground along in October, with central banks across developed and emerging economies lowering interest rates ahead…
Posted inEconomy
Romanian macroeconomic indicators and interest rate forecasts: Reuters poll
BUCHAREST (Reuters) – The median forecast of a Reuters poll of analysts puts Romanian inflation at 4.4% year-on-year at the end of October, down from September’s 4.62%. Analysts expect inflation…
Posted inEconomy
Bank of Spain says lower rates to have limited impact on banks’ profitability
MADRID (Reuters) – The negative effect of lower interest rates on Spanish banks’ profitability should be limited and at least partly offset by rising loan volumes, the Bank of Spain…