Finance

Last-minute bid to be made to rescue Monte dei Paschi

Alessia Pierdomenico | Bloomberg | Getty Images Pedestrians pass by a Banca Monte dei Paschi di Siena SpA bank branch in Milan, Italy, on Tuesday, April 12, 2016. Corrado Passera, the veteran Italian businessman and former industry minister, has teamed up with Swiss bank UBS to present a last-ditch alternative rescue proposal to the board of struggling lender Monte dei ... Read More »

A robo-advisor that claims to have made 12% return over Brexit is expanding

A robo-advisor start-up that automatically allocates your investments and claims to have outperformed the market during the Brexit volatility, has launched in the U.K. Scalable Capital is an investment management software that uses an algorithm to manage a client’s money. It’s the latest start-up to come to market in the fast-growing robo-advisory and investment space. A client can put their ... Read More »

Early movers: MRK, GE, EXE, XRX, GOOGL, AAPL, FB & more

Check out which companies are making headlines before the bell: Merck — The drugmaker earned an adjusted 93 cents per share for the second quarter, two cents a share above estimates. Revenue beat forecasts, and Merck also raised the lower end of its full-year guidance. Cigna — The insurance company reported quarterly profit of $1.98 per share, missing estimates of ... Read More »

Marcato Capital takes stake in crane manufacturer Terex

Balint Porneczi | Bloomberg | Getty Images A Terex reach stacker transports a CMA CGM SA shipping container in the Med Europe Terminal at the Port of Marseille, France. Just days after announcing a substantial new position in the restaurant chain operator Buffalo Wild Wings, the hedge fund Marcato Capital Management plans to announce a new 5.1 percent position in ... Read More »

Japanese yen jumps against dollar after Bank of Japan decision disappoints

he safe-haven yen jumped against the dollar on Friday after the Bank of Japan’s monetary policy easing disappointed investors who had been hoping for more radical stimulus measures. The dollar last traded at 103.35 yen, down 1.8 per cent on the day. It initially rose to 105.75 yen right after the BOJ’s announcement but later tumbled to as low as ... Read More »

Manali Petrochemicals stock gains 9% on Tamil Nadu Pollution Control nod

ALSO READ: Here is why Dr Reddy’s shares tanked 13 per cent in two days “With the TNPCB nod, now the utilization of the plants is being restored to the earlier levels,” said the company in a filing to BSE. The company will declare its June quarter earnings on August 04, 2016 Shares of Manali Petrochemicals rallied nearly 9 per ... Read More »

Asian Paints shares hit record high after stellar June quarter results

Shares of Asian Paints jumped over 8 per cent to a record high in trade on Thursday after India’s largest paint maker reported an 18.46 per cent increase in consolidated net profit at Rs 552.56 crore in the June quarter. The stock hit an intraday high of Rs 1152.65, up 8.55 per cent, its biggest intraday percent gain since September ... Read More »

As IPO market improves, will Spotify be the next big name to go public?

NYSE president Tom Farley (R) celebrates with Japan’s Line Corp. CFO In Joon Hwang (2nd L) and Chief Global Officer Jungho Shin (middle) and Chief Strategy and Marketing Officer Jun Masuda (2nd R) during the company’s IPO on the floor of the New York Stock Exchange, July 14, 2016. AdvancePierre Food Holdings capped a good week for the IPO markets. ... Read More »

I’m going to make a 400% profit on gold—here’s how: Trader

The gold rally is over, here’s how to cash in: TraderThursday, 7 Jul 2016 | 1:36 PM ET|02:12 ‹ 02:12 The gold rally is over, here’s how to cash in:Trader07/07/16 1:36 PM ET 02:50 The obscure investment that could be the best pick now07/07/16 3:27 PM ET 02:23 Has gold become the anti-central bank trade07/07/16 3:29 PM ET 02:01 Losses ... Read More »

Europe’s ‘next domino to fall’ is teetering: Strategist

Problems are piling up in Italy, sending Italian stocks sinking and creating fresh concerns about the future of the European Union. The ETF tracking the MSCI Italy index (EWI) has become one of the year’s worst-performing, losing about a quarter of its value in 2016. Unfortunately, Boris Schlossberg, managing director of FX strategy for BK Asset Management, doesn’t see an ... Read More »