Rolls-Royce Jumps on News of Sale of ITP for $2 Billion
(Reuters) Rolls-Royce shares went up more than 10% to 146 pence on news it had agreed to sell its Spanish unit ITP Aero for 1.7 billion euros or $2.0 billion.…
Medtronic and Apollo Hospitals Announces Robotic-Assisted Surgery Breakthrough
(Medtronic) Medtronic Plc. and Apollo Hospitals Group performed the first clinical procedure in Asia-Pacific using the Hugo™ robotic-assisted surgery (RAS) system. The robotic prostatectomy was done at Apollo Hospitals in…
Goldman Sees Oil at $90 on Devastations Caused by Hurricane Ida
(MarketWatch) Goldman Sachs strategists expect oil to hit $90, a higher projection from the previous $80 on supply issues caused by Hurricane Ida. Predictions by Goldman come as oil demand…
Korean Media Stocks Jumps After Netflix’s ‘Squid Game’ Spark Investor Interest
(Bloomberg Quint) The new Netflix thriller series ‘Squid Game’ has sparked interest among investors who have since gone bullish on Korean media stocks. Fig: Showbox and Bucke Studio Stocks Stocks…
China’s Central Bank, State Agencies Set Up “Coordination Mechanism” To Battle Crypto
(CoinTelegraph) The Chinese government is intensifying a crackdown on the crypto industry as state authorities are galvanizing forces to combat crypto operations in the country. The People’s Bank of China…
Dell Technologies Targets 3%-4% Growth Rate, Launches Annual $1 Billion Dividend Program
(Bloomberg) Dell Technologies Inc put out its vision for the coming years, forecasting annual revenue growth of 3% to 4% through 2026, and unveiling a $5 billion share repurchase program.…
Nike Posts Mixed Results, Downgrades Revenue Outlook
(Nike Inc) Nike Inc reported mixed financial results on Thursday, surpassing earnings-per-share estimates but slightly missing the analysts’ revenue expectations. The Oregon-based athletic apparel manufacturer posted $1.16 EPS on $12.2…
US Economic Index Maintains an Upward Trajectory After a Gain of 0.9% In August
(The Conference Board) The US Conference Board Leading Economic Index reached 117.1 in August, up 0.9% and after another increase of 0.8% in July. The index had risen by 0.6%…
US Output Grows at the Slowest Since September 2020
(IHS Markit) US Composite Output Index was 54.5 in September, a decline from 55.4 in August. The output index was at a 12-month low as activity was hampered by slowdowns…
Dubai World Trade Centre Aims to Become Future Ready by Allowing Crypto Trading
(Gulf News) Dubai World Trade Centre authorities will start allowing trading of cryptocurrencies and related financial activities in a bid to be “future-ready.” The development comes after the UAE’s Securities…
Jobless Claims Mark Another Gain to Reach a Worse Than Expected 351,000 Figure
(Department of Labor) US Jobless claims rose by 16,000 to reach 351,000 in the week that ended September 18. The claims were higher than the projected 320,000. Fig: US Initial…
BOE Hints at a Possible Rate Hike Despite Leaving Policy Unchanged
(BOE) The Bank of England maintained its benchmark rate at 0.1%, but said it could tighten policy to tame inflation which is seen rising above 4%. Fig: UK Price Pressures…
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