Stocks, bonds in China’s Gemdale dive on property crisis fears
(Reuters) – China’s Gemdale saw its stocks and bonds plunge on Tuesday after the resignation of its chairman, as investors…
Country Garden’s entire offshore debt to be in default if Tuesday payment not made
(Reuters) – Country Garden’s entire offshore debt will be deemed to be in default if China’s largest private property developer…
Ericsson says telecoms uncertainty to persist into 2024, shares fall
(Reuters) – Ericsson on Tuesday said it expected the uncertainty impacting its mobile networks business to persist into 2024, after…
Moderna holds steady on 2023 COVID-19 sales forecast amid market turbulence
Moderna (NASDAQ:MRNA) Inc. has stood its ground amid market instability triggered by Pfizer Inc. (NYSE:PFE)’s updated COVID-19 guidelines, reasserting its…
Crude oil slips lower; underlying tone positive on Middle East tensions
Oil prices slipped lower Monday, consolidating after recent hefty gains as the conflict in the Middle East continued to raise…
U.S, EU business groups push for steel deal, minerals drive at summit
(Reuters) – The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a…
Tata Motors to Sell 9.9% Stake in Tata Technologies Ahead of IPO
Tata Motors (NYSE:TTM) Limited has announced plans to sell a 9.9% stake in its global engineering services firm, Tata Technologies,…
HDFC Bank Reports 50% Yoy Q2 Profit Rise, Surpasses Analyst Expectations
India’s largest private bank, HDFC Bank, announced a 50% year-on-year (YoY) increase in its second-quarter net profit to ₹15,976 crore…
CVS Health star rating update a ‘key positive heading into 2024’ – BofA
Following the release of CMS’ 2024 MA and PDP Star Ratings on Friday, CVS Health (NYSE:CVS) issued a press release…
South Korean Markets Feel the Heat Amid Israel-Hamas Tensions
South Korea’s KOSPI index experienced a 0.81% drop on Monday due to escalating Israel-Hamas tensions, leading to a 207 billion…