bloomberg

French satellite company Eutelsat is poised to buy British rival OneWeb in a deal that could be announced as early as Monday, two sources close to the negotiations said on Sunday. OneWeb was valued at $3.4 billion in its most recent…

Like clockwork, a decent few days lift stocks, and out come the charts. Have equities bottomed? Evidence is arrayed to argue this time is different, that this is the bounce that will last. Heeding it now requires conviction bordering on…

Adani Group chairman Gautam Adani overtook Microsoft co-founder Bill Gates to be the 4th richest person in the world late on Wednesday, according to Forbes Real-Time Billionaires list. With a net worth of $116. 3 billion, Adani was at…

Bengaluru: IBM CFO Jim Kavanaughsaid currency movements impacted the company’s revenue by $900 million in the second quarter of the 2022 fiscal. The velocity of the dollar strengthening, he said, is the sharpest that he has seen in over…

Wall Street ended lower on Monday after bank stocks erased earlier gains and Apple shares fell on a report saying the company plans to slow hiring and spending growth next year. After posting solid gains to start the session following…

A new ETF-for-everything era may have just begun on Wall Street, swelling an industry that already boasts nearly 3,000 products and $6.2 trillion in assets. The booming world of exchange-traded funds is about to get even more crowded…

The dollar’s relentless rise is threatening to trigger more outflows from Asia’s emerging-market shares, spoiling hopes of the region making a comeback in the second half. A gauge of Asian currencies has slumped to its lowest in more…

U.S. stocks closed lower on Monday, with few catalysts to sway investor sentiment as they approach the half-way point of a year in which the equity markets have been slammed by heightened inflation worries and tightening Fed policy. The…

A selloff that saw US stocks sink into a bear market last week amid red-hot inflation data and a sharp Federal Reserve rate hike will likely ease in the second half, according to JPMorgan Chase & Co. "The call of peak Fed hawkishness…

is cruising towards recording its highest ever revenue and profit in the ongoing fiscal year, led by strong demand for its cars and benefits arising from the depreciation of the Japanese yen and sober raw material costs. The most…