Japan’s SMFG is first global bank to sell AT1 bonds since C. Suisse wipeout
(Reuters) -Japan’s Sumitomo Mitsui Financial Group (NYSE:SMFG) sold $1 billion of additional tier-1 (AT1) debt on Wednesday, becoming the first major global…
Glencore raises pressure on Teck Resources with promise of higher bid
(Reuters) -Glencore has told Teck Resources (NYSE:TECK) shareholders it is willing to improve its $22.5 billion takeover offer, raising the…
Rheinmetall and KMW to upgrade Puma armoured vehicles for German army
(Reuters) – Rheinmetall and Krauss-Maffei Wegmann (KMW) have received an order from the German army to upgrade 143 Puma infantry…
Heineken sees Europe resilience offseting Asia slowdown risk
(Reuters) -Heineken maintained its forecast for 2023 profit growth with the risk of slower economic expansion in the Asia-Pacific region…
AAPL: Apple Takes On Big Banks with Turbocharged 4.15% Annual Interest Rate
The Big Tech firm wants to be your bank at a time when the banking sector is under great pressure.…
Lockheed Martin taps strong defense demand to beat results estimates
(Reuters) -U.S. weapons maker Lockheed Martin Corp (NYSE:LMT)’s first-quarter results surpassed Wall Street targets on Tuesday despite parts and labor shortages, as…
Datadog started at Neutral as Piper Sandler sees near-term headwinds weighing on upside
Piper Sandler analysts initiated Datadog Inc (NASDAQ:DDOG) at Neutral with a $72 price target in a note Tuesday, stating near-term cloud headwinds…
Morgan Stanley cuts price target on Rivian as challenges evolve; reiterates Overweight
Morgan Stanley reiterated an Overweight rating on Rivian Automotive (NASDAQ:RIVN) and cut the price target on the stock to $24.00 (From $26.00)…
Tesla Q1 earnings preview: Margins in focus after recent price cuts
Tesla (NASDAQ:TSLA) is due to report earnings on Wednesday after market close with analysts expecting the electric vehicle (EV) maker…
HSBC top shareholder renews call for breaking up of bank
HONG KONG (Reuters) – Top shareholder of HSBC renewed its call for breaking up of the Asia-focused bank on Tuesday,…