Tag: stocks

Global stocks headed for their first weekly gain in three weeks amid a surge in commodity prices, while traders braced for a U.S. jobs report later on Friday that could provide clues on when the Federal Reserve will ease back on monetary stimulus.European stocks opened higher, with the pan-European STOXX 600 index (.STOXX) hitting a…

British construction activity expanded quickly last month, almost matching the six-and-a-half-year record struck in March as a lifting of coronavirus lockdown measures boosted new orders, a survey showed on Friday.The IHS Markit/CIPS Construction Purchasing Managers’ Index (PMI) eased to 61.6 in April from 61.7 in March, despite the survey’s gauge of new orders rising to…

Chicago Mercantile Exchange lean hog and live cattle futures climbed on Thursday as U.S. wholesale prices increased.

Remitly Inc has hired investment banks to prepare for an initial public offering (IPO) in New York this year that could value the U.S. remittance payments processor at around $5 billion, people familiar with the matter said on Thursday.It would be a significant jump from the $1.5 billion valuation the Seattle-based company attained in its…

A man receives a dose of COVISHIELD, a coronavirus disease (COVID-19) vaccine manufactured by Serum Institute of India, at a vaccination centre in Mumbai, India, May 6, 2021. REUTERS/Niharika KulkarniThe International Monetary Fund said on Thursday the recent jump in COVID-19 cases in India posed downside risks to the Fund’s April forecast for 12.5% growth…

Shares in Chinese vaccine makers slumped on Thursday after U.S. President Joe Biden’s support for a proposed waiver of intellectual property rights on COVID-19 vaccines sent investors scrambling to reconsider high valuations.The Shanghai shares of CanSino Biologics Inc , a single-dose COVID-19 vaccine maker, tumbled as much as 16.91%. The company’s Hong Kong shares (6185.HK)…

Alphawave IPO Group has set a price range for its planned London listing of 375 pence to 430 pence per share, putting it on course for a valuation of up to 3.2 billion pounds ($4.45 billion), bookrunner JPMorgan said on Thursday.The Toronto-based company, which designs semiconductor technology and then licences it to other businesses, said…

An employee talks with a customer at a GameStop shop in New York City, New York, U.S. January 30, 2021. REUTERS/Nick ZieminskiRatings agency S&P Global Ratings on Wednesday raised GameStop’s (GME.N) credit rating by one notch, a critical step in the video retailer’s transformation into an e-commerce company.S&P Global Ratings said in a note that…

ISTANBUL (Reuters) – “Turkey Unlimited. Now available without Turks,” reads a mock tourism advert on social media, poking fun at the sight of foreign tourists roaming quiet streets while most Turks are confined to home by a coronavirus lockdown.FILE PHOTO: A tourist poses for a souvenir photo outside the historic Suleymaniye Mosque in Istanbul, Turkey,…

Wall Street’s main indexes opened higher on Wednesday after megacap stocks bounced back from a steep selloff in the previous session, while a survey showed a solid rise in private jobs in April.The Dow Jones Industrial Average (.DJI) rose 30.96 points, or 0.09%, at the open to 34,163.99.The S&P 500 (.SPX) opened higher by 12.40…