Apple's shares rose 2.5 per cent to a record high on Monday after Morgan Stanley raised its price target on the iPhone maker's shares and designated the stock as a "top pick," citing the company's AI efforts as a boost to device sales. In what was seen as a move to catch up with Alphabet's Google
Saudi Arabia has raised a total of $12.35 billion from a secondary share sale in Aramco, after the Saudi oil giant exercised an over-allotment option. According to Reuters, the deal is the culmination of a years-long effort to sell another chunk in one of the world's most valuable companies after
Amazon founder and executive chair Jeff Bezos is planning to sell almost $5 billion worth of shares in the e-commerce giant, a regulatory filing showed, after its stock hit a record high. The proposed sale of 25 million shares was disclosed in a notice filed after market hours on Tuesday. The sto
Shares around the world rose on Wednesday as comments from Federal Reserve Chair Jerome Powell reinforced expectations that US rate cuts were not far off, and also made a brief halt to recent rises in Treasury yields and the dollar. MSCI's world share index gained 0.2 per cent to a new record high
The US dollar on Wednesday hit its highest level against the Japanese yen in nearly 38 years, and investor speculation was high that authorities in Japan could intervene to strengthen the country's currency, while major US stock indexes climbed. Japan's top currency diplomat, Masato Kanda, said au
Saudi Arabia kicked off a secondary share sale in oil giant Aramco on Sunday, a landmark deal that could raise up to $13.1 billion in a major test of international appetite for the kingdom's assets. The banks on the deal will take institutional orders through Thursday and will price the shares the
MSCI's global equities index staged an afternoon rebound on Friday as investors repositioned for month-end, while the dollar fell with Treasury yields as data showed a modest rise in US inflation in April. After spending most of the session in the red, the MSCI All Country World Price Index turned
Meme stocks are soaring again, delighting fans, frustrating detractors and showing Wall Street that the social media force behind the wild GameStop (GME.N) rally in 2021 is still going strong. The American video game retailer is again the star, shooting up 340 per cent over the last 10 trading day
Asian shares crept to 15-month highs on Monday in a week where inflation figures could make or break hopes for earlier US rate cuts, while Chinese activity data will test optimism about a sustained recovery in the world's No. 2 economy. Beijing has already reported a welcome pickup in inflation to
Intel, a major player in the chip industry, suffered a material drop in its stock price on Wednesday as its operations faced a significant setback due to renewed US sanctions on one of Intel's customers in China. Intel shares experienced a drop of 2.22 per cent on Wednesday, reflecting investor wo
Saudi Arabia's state-owned oil giant Aramco has reported a 14.4 per cent fall in first-quarter net profit on the back of lower oil prices and volumes sold. Net profit declined to $27.3 billion for the three months to March 31, in line with the $27.6 billion expected by 12 analysts in a company-pro
ICICI Bank, India's second-largest private lender, reported a better-than-expected 17.4 per cent increase in fourth-quarter net profit on Saturday, helped by robust loan growth even as its lending margin shrunk. The lender's standalone net profit, excluding subsidiaries, rose to a record 107.08 bi
Asian stocks recovered some losses on Monday and bond yields rose as fears of a wider Middle East conflict ebbed, with investors gravitating back towards riskier assets. Gold and the safe-haven dollar pulled back from near their peaks, and crude oil prices declined as the potential for a major sup
