Lending markets

Key Factors Behind Markets Selling Off

Pekic/E+ via Getty Images In the latest edition of Market Week in Review, North America Chief Investment Strategist Paul Eitelman and research analyst Emily Zhao explored the key drivers of the recent market volatility crisis. They also assessed the prospects for markets through the lens of cycle, valuation and sentiment, and discussed the current state […]

Profit statements

IndiGrid investment trust’s net profit in March jumped 45% to Rs 99.80 cr

Infrastructure investment trust IndiGrid posted an increase of more than 45% in its consolidated net profit to Rs 99.80 crore in the March quarter, mainly on the back of higher revenues. Consolidated net profit of India Grid Trust (IndiGrid) was Rs 68.69 crore in the quarter ended March 31, 2021, according to […]

Investment reports

Giuliani meets with US House panel on January 6, CNN reports By Reuters

© Reuters. FILE PHOTO: Former New York Mayor Rudy Giuliani speaks on the 20th anniversary of the September 11, 2001 attacks, during an appearance on the John Catsimatidis radio show in New York City, New York, U.S., September 10, 2021. REUTERS / Brendan McDer WASHINGTON (Reuters) – Rudy Giuliani, who served as former U.S. President […]

Lending reports

As expected, the conference took a great success

Former Pac-12 commissioner Larry Scott (Photo: USA Today/Lee) THE DISTRIBUTED PAC-12 $19.8 million to its member schools in fiscal year 21, the conference announced Friday, after distributing $33.6 million in the previous fiscal year. The global pandemic that resulted in the shortened 2020 football season severely impacted results, as seen in Power 5 conference […]

Lending markets

Copper edged higher on lower mortgage rates in China, easing of lockdown – Markets

LONDON: Copper extended its rally on Friday on optimism about a pick-up in demand in China, the metals’ main consumer, as lower mortgage rates and progress in easing COVID lockdowns boosted the feeling. Benchmark three-month copper on the London Metal Exchange (LME) gained 0.1% to $9,422 a tonne as of 1555 GMT after hitting $9,510, […]

Investment reports

Rajputana Investment & Finance announces standalone net loss of Rs 0.02 crore in March 2022 quarter

Sales declared void Rajputana Investment & Finance’s net loss was reported at Rs 0.02 crore in the quarter ended March 2022. No net profit/loss was recorded in the previous quarter ended March 2021. No sale was reported during the quarter ended March 2022 and during the previous quarter ended March 2021. For the […]

Profit statements

Godrej Consumer Q4 net profit declines slightly to Rs 363 crore

On Thursday, local FMCG giant Godrej Consumer Products Ltd (GCPL) reported a marginal decline in consolidated profit after tax to Rs 363.24 crore for the fourth quarter ended March. The company had posted a consolidated profit after tax of Rs 365.84 crore in the prior year period, GCPL said in a regulatory […]

Lending markets

Medallion Financial Corp. will participate in the Loop Capital Markets Investor Conference

NEW YORK, May 19, 2022 (GLOBE NEWSWIRE) — Medallion Financial Corp. (NASDAQ: MFIN, “Medallion” or the “Company”), a finance company that originates and manages loans in various consumer and commercial industries, while offering lending products and services to strategic fintech partners, announced today that she will participate in the 3rd Annual Loop Capital Markets Investor […]

Profit statements

St. Paul nonprofit agrees to remedy after Minnesota attorney general’s office files injunction

A Minnesota nonprofit group set up to help refugees is accused of deceptive fundraising, failing to keep proper financial records and letting a multi-million dollar property fall into disrepair. Court filings filed last week paint a troubling picture of the Minnesota Cameroon Community (MINCAM). The St. Paul-based nonprofit agreed to a long list of remedies […]

Lending markets

FX Daily: A welcome respite for the foreign exchange markets | Article

USD: April retail sales should keep the dollar supported After a strong month in financial markets which saw global equity markets fall 15% and USD/CNY climb 6%, it looks like we are entering a period of consolidation. At the epicenter of this malaise is China, where lockdowns have seen Chinese and global growth forecasts reduced. […]

Lending reports

Euro Manganese announces the delivery of the final demonstration

VANCOUVER, British Columbia, May 16, 2022 (GLOBE NEWSWIRE) — Euro Manganese Inc. (TSX-V and ASX: EMN; OTCQX: EUMNF; Frankfurt: E06) (the “Company” or “REM“) is pleased to announce that the second and final shipment of the Company’s Demonstration Plant modules was shipped today via ocean freight from Shanghai, China to Hamburg, Germany. The first shipment […]

Investment reports

Kirti Investment reports standalone net profit of Rs 0.30 crore in March 2022 quarter

Sales increase by 133.33% to Rs 0.07 crore Net profit of Kirti Investment reported Rs 0.30 crore in the quarter ended March 2022 compared to a net loss of Rs 0.15 crore in the previous quarter ended March 2021. Sales increased by 133.33 % at Rs 0.07 crore in the quarter ended March […]

Profit statements

Agostini’s profit jumps 49.5% | Local company

AGOSTINI’s Ltd yesterday reported earnings attributable to its shareholders of $105.55 million for the six months ended March 31, 2022, up 49.5% from the comparable period in 2021. The company, which is listed on the Trinidad and Tobago Stock Exchange, posted revenue of $2.1 billion, up 19.73% from the six-month period ended March 31, 2021. […]

Lending markets

inflation | Stock markets: how to read macro data to decipher market movements

Nearly 100 macro data points are released each month. Their frequency of publication and the period of data entry vary. For example, inflation data released in March will show actual inflation for February, but Industrial Production Index (IPI) data released on the same date will show actual data for January. The data seems authoritative and […]

Lending reports

Campaign finance reports show candidate fundraising, spending ahead of primary – Reuters

By Elisabeth Strillacci & Ben [email protected] SALISBURY — Financial reports released last week show how candidates in competitive local races raised funds and spent money in the months leading up to Tuesday’s primary election. Reports for the first quarter of 2022 include all campaign finance activity among candidates from January 1 through April 30. The […]

Investment reports

Best Inventory Reports for Walmart, Chevron, and Mastercard

Friday, May 13, 2022 Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Walmart Inc. (WMT), Chevron Corporation (CVX) and Mastercard Incorporated (MA). These research reports have been handpicked from the approximately 70 reports published today by our team of […]

Profit statements

How do grocery stores make money with low profit margins?

This is just one of the stories in our “I’ve Always Wondered” series, where we tackle all your business questions, big or small. Have you ever wondered if recycling is it’s worth it? Or how store brands pile up against brand names? Discover more of the series here. Auditor William from Buffalo, New York asks: […]

Lending markets

Turbulent Markets Emphasize Assessed Prices

Fixed income volatility is expected to persist for some time, due to the seesaw shifts in the global economy. Jayme Fagas, Global Head of Valuations and Transparency Services at Refinitiv, explains why in such an environment, companies need to have the right assessed pricing to ensure they are valuing their portfolios at fair value levels […]

Investment reports

Ameren adds environmental justice principles to reports outlining progress toward sustainability goals

Two updated reports provide insight into the company’s efforts in environmental stewardship, social impact, governance and sustainable growth ST. LOUIS, May 12, 2022 /PRNewswire/ — Today, Ameren Corporation (NYSE: AEE) released two updated, data-driven reports that provide stakeholders with deeper insight into the company’s operations, including its first Environmental Justice Principles . The reports also […]

Profit statements

SABIC profit up 33% on higher prices and volumes

A man walks past the headquarters of Saudi Basic Industries Corp (SABIC) in Riyadh, Saudi Arabia October 27, 2013. REUTERS/Faisal Al Nasser Join now for FREE unlimited access to Reuters.com Register DUBAI, May 12 (Reuters) – Saudi Basic Industries Corp (SABIC), one of the world’s largest petrochemical companies, beat expectations on Thursday with a 33% […]

Lending markets

Markets live, Thursday, May 12, 2022

Cryptocurrency trading platform Coinbase lost half of its value over the past week, including its biggest one-day drop yet overnight as the crypto market, famous for its volatility, resists a new crisis. Coinbase posted a net loss of $430 million in the first quarter due to lower sales and active users. Revenue was down due […]

Lending reports

Amid rising rates, Rocket Cos. of Detroit reports first-quarter earnings

Rocket Cos., the Detroit-based platform company that includes Rocket Mortgage, Truebill, and more, reports Q1 2021 earnings amid rising interest rates. // Image bank RocketCos. Inc., a Detroit-based fintech platform company that includes Rocket Mortgage, Rocket Homes, Truebill and Rocket Auto, announced its first quarter (Q1) results, which showed net income of $2.7 billion. and […]

Profit statements

GlobalFoundries Generates Record Profits and Revenues

Contract chipmaker GlobalFoundries Inc. is up today as its stock rose more than 4% in extended trading after reporting first-quarter earnings and earnings that beat analysts’ forecasts as a he’s taking advantage of the ongoing shortages in the industry. The company reported earnings before certain costs such as stock-based compensation of 42 cents per share […]

Lending reports

United Wholesale Mortgage Reports First Quarter Earnings Amid Rising Interest Rates

United Wholesale Mortgage in the Pontiac experienced lower net income and loan volume in the first quarter of 2022 compared to the first quarter of 2021. // Courtesy of UWM UWM Holdings Corp., the publicly traded indirect parent of United Wholesale Mortgage of Pontiac, today announced its results for the first quarter (Q1) of 2022, […]

Lending markets

Real estate investor Abdul Siddiqi focuses on emerging markets like Malaysia

Seasoned investors with diversified portfolios create wealth through different investment vehicles – stock market, bonds and real estate. Of the three, real estate investments seem to offer better long-term returns without as much volatility. Historically, investors who hold their properties for longer periods can minimize the risk of loss. Moreover, the real estate market has […]

Investment reports

Wilshire Trust® Universe Comparison Service Reports Worst Quarter Since Covid-19 Recovery With -4.94%

SANTA MONICA, Calif.–(BUSINESS WIRE)–Institutional assets tracked by Wilshire Trust Universe Comparison Service® (Wilshire TUCS®) posted a median return across all plans of -4.94% for the first quarter and 3.47% for the year ending on March 31, 2022. Wilshire TUCS, a cooperative effort between Wilshire and custodial organizations, is widely regarded as the definitive benchmark for […]

Profit statements

China Airlines extends momentum, reports first quarter profit

Taipei, May 10 (CNA) China Airlines (CAL), one of Taiwan’s major international airlines, reported net profit for the first quarter of 2022, continuing the momentum it built in 2021 by taking advantage of the high demand for air cargo services. In a statement on Monday, CAL reported net profit of NT$3.072 billion (US$103 million), or […]

Lending markets

Here’s what you need to know

article New homes line a street in Phoenix, Arizona. (Photo by Justin Sullivan/Getty Images) PHOENIX – It’s no secret that the housing market is hot in many parts of the country, including Arizona. Now there are numbers that show just how hot Arizona’s housing market has gotten, with new data showing that 97% of metropolitan […]

Profit statements

Net profit jumps 29.72% to 12.22 cr, revenue up

Shanthi Gears Ltd reported a 29.72% increase in profit for the quarter ending March 31, 2022 to Rs 12.22 crore, the company announced on Sunday. The Tamil Nadu-based company and a group company of the diversified conglomerate Murugappa Group had recorded net profits of Rs 9.42 crore in the corresponding period last year. For the […]

Lending markets

US mortgage rates climb again as markets react to Fed

In the week ending May 5, mortgage rates rose for the eighth time in nine weeks. 30-year fixed rates jumped 17 basis points to 5.27%. 30-year fixed rates slipped one basis point the previous week. Over one year, 30-year fixed rates are up 231 basis points. 30-year fixed rates have risen 33 basis points since […]

Lending reports

‘Factually incorrect’: India rejects reports that water cannon vehicle was supplied to Sri Lanka under $1 billion line of credit: The Tribune India

PTI Colombo, May 7 India on Saturday dismissed media reports as “factually incorrect” claiming that New Delhi had provided a water cannon vehicle to Sri Lanka under its billion dollar line of credit, and reiterated that such campaigns made no “constructive contribution” to cooperation and efforts to address the continuing challenges facing Sri […]

Profit statements

Unity Bank’s annual profit stands at N3.33 billion

Unity Bank Plc reported a pre-tax profit of N3.33 billion in the financial year ending December 2021. The figure indicates a 49.9% increase from the 2.22 billion naira recorded in 2020. In its 2021 annual result filed with the Nigeria Exchange Group (NGX), the bank also posted an 8.1% growth in gross revenue to N50.28 […]

Investment reports

Transocean Announces First Quarter Results (NYSE:RIG)

Imaginima/E+ via Getty Images Much has been said about Transocean Ltd. (NYSE: R.I.G.) indebtedness and the fact that the backlog of the company does not increase. However, this is already more than factored into the stock price, especially given the considerable short interest in stock. The offshore drilling sector is gradually recovering. The process might […]

Investment reports

Cholamandalam Investment and Finance Company Reports 183.9% Rise in Q4 PAT

Cholamandalam Investment and Finance Company Ltd has announced a 183.9% increase in its after-tax profit for the quarter ending March 31, 2022 to Rs 690 crore, the company announced on Friday. The city-based Murugappa Group company recorded an after-tax profit of Rs 243 crore in the corresponding period of the previous financial […]

Profit statements

Airline group AIG expects to return to profit this year as passenger numbers rise

Airline group AIG reported an increase in passenger numbers in the first three months of the year as pandemic-related restrictions eased and business travel rebounded. Chief executive Luis Gallego said the group expects to return to profit in the second quarter and for the full year. In its consolidated results for the year to March […]

Investment reports

American Equity Investment Reports Online Q1 EPS By Investing.com

We encourage you to use comments to engage with other users, share your views, and ask questions of the authors and each other. However, in order to maintain the high level of discussion that we all appreciate and expect, please keep the following criteria in mind: Enrich the conversation, don’t throw it away. Stay focused […]

Lending markets

Popeyes looks to international markets to regain momentum

Popeyes’ flagship location in New York’s Times Square is set to open in June. Popeyes In the quick service restaurant sector, sales of 34% year over year are incredibly abnormal, but that is exactly what Popeyes generated in the quarter following the launch of its thin chicken sandwich. 2019. This kind of momentum had to […]

Lending reports

ANZ reports half-year profit of $968 million

ANZ says the housing market helped propel it to a cash profit of $968 million in the six months to March 31, an increase of 1% from the same period last year. Its statutory profit, which includes gains and losses from economic hedges, rose 18% to $1.06 billion. Chief executive Antonia Watson said it was […]

Profit statements

Britannia Industries’ fourth quarter net profit increases 5%

Bengaluru: FMCG Britannia Industries said on Monday that its consolidated net profit for the quarter ended March 31, 2022 rose 5% year-on-year to Rs 377.95 crore from Rs 360.07 crore recorded in the period. corresponding to the previous year. The company’s revenue jumped 15.5% to Rs 3,508 crore in the January to March quarter of […]

Lending markets

JLL Capital Markets Arranges $52 Million Loan for Longpoint Realty Partners to Acquire Van Nuys Industrial Park : NEREJ

Newport Beach, California JLL Capital Markets has arranged $52 million in acquisition financing for Van Nuys Industrial Park, a fully leased value-added business park comprising four buildings totaling 84,346 square feet and two land parcels. JLL worked on behalf of the borrower, Boston-based Longpoint Realty Partners, to place the three-year floating rate non-recourse acquisition loan […]

Profit statements

IDFC First Bank’s fourth quarter profit increases 168% year-on-year

Mumbai: IDFC First Bank said on Saturday that its net profit for the quarter ended March 2022 jumped 168 percent year-on-year to Rs 343 crore from Rs 128 crore in the corresponding period last year. The bank’s profit in the quarter was driven by strong growth in core operating income and lower provisions. For the […]

Lending markets

Credit markets eye decision with $25 billion in sales up for grabs

(Bloomberg) – Investors will be eagerly awaiting the Federal Reserve’s interest rate decision next week. Bloomberg’s Most Read Markets have already priced in a 50 basis point hike on Wednesday, expecting the Fed to take a quicker approach to crush stubborn inflation. Accelerating U.S. labor costs and resilient consumers effectively give the central bank the […]

Lending reports

United Bankshares Announces Higher First Quarter Earnings | News, Sports, Jobs

CHARLESTON — United Bankshares reported earnings for the first quarter of 2022 of $81.7 million, or 60 cents per diluted share, compared to earnings of $73.9 million, or 56 cents per diluted share, for the fourth quarter of 2021. The quarter was marked by strong annualized loan growth of 11% (excluding Paycheck Protection […]

Profit statements

Six of seven new defense companies created from OFB report interim profit

The ministry said that soon after their establishment, these companies were able to secure domestic contracts and export orders. The ministry said that soon after their establishment, these companies were able to secure domestic contracts and export orders. Six of the seven new defense companies created by the corporatization of the Ordnance Factory Board (OFB) […]

Investment reports

Bajaj Holdings & Investment reports Rs. 1105.39 crore PAT consolidated in the fourth quarter of the financial year 2021-22

Bajaj Holdings & Investment Limited has released its consolidated financial results for the period ended March 31, 2022. Financial Results (Q4 FY2022) – QoQ Comparison The company reported total revenue of Rs. 105.35 crores during the period ended March 31, 2022 compared to Rs. 110.13 crores during the period ended December 31, 2021. The company […]

Profit statements

GGRAsia – Negative LVS Macau EBITDA 1Q, group profit on sale in Nevada

LVS negative Macau EBITDA 1Q, group profit on sale in Nevada April 28, 2022 news desk Breaking News, Macau, Singapore, Top of the Bridge   Macau casino operator Sands China Ltd returned to negative adjusted earnings before interest, tax, depreciation and amortization (EBITDA) in the first quarter and generated a net loss of $336 […]

Lending markets

Greece taps bond markets after sovereign upgrade

ATHENS, Greece (AP) — Greece raised 1.5 billion euros in a 7-year bond reissue on Wednesday, tapping markets days after a sovereign credit rating upgrade. Finance Minister Christos Staikouras said the money was raised with a yield of 2.4%, up from the 2% yield in 2020 when the bond was first issued. The latest auction […]

Lending reports

Redfin Reports Homebu Solar Belt

(NASDAQ: RDFN) – Homebuyers in Tampa, Florida need to make $67,353 a year to pay the metro area’s typical monthly mortgage payment of $1,684, up a staggering 47.8% (21,791 $) over the previous year, according to a new report by Redfin (www.redfin.com), technology-powered real estate brokerage. That’s the largest percentage increase of any major US […]

Profit statements

Chipotle Revenue: Sales and Profits Rise Despite Inflation as It Adds Locations

Chipotle Mexican Grill said Tuesday that its profits and revenue increased as it opened new locations and increased sales in the first quarter. The fast-food chain said its same-store sales were up 9% year-over-year and it opened 51 new restaurants. Chief Executive Brian Niccol said in a statement that “the company’s first quarter performance was […]

Lending markets

Ogden and SLC rank in top 10 overvalued real estate markets

SALT LAKE CITY – Ogden and Salt Lake City rank in the top 10 overvalued markets, which means buyers are paying high premiums to buy homes there. Rising mortgage rates – which are now at their highest level in 12 years – have yet to depress home prices, with buyers paying premiums in 99 of […]

Profit statements

GGRAsia – Casino cash payment technology provider Crane posts $105 million in Q1 profit

Casino cash payment technology provider Crane posts $105 million in first-quarter profit April 26, 2022 news desk Industry Discussions, Latest News, World   Crane Co, a provider of products and services to industries such as cash handling in the casino industry, posted a net profit of $105.0 million in the first quarter. That profit […]

Investment reports

Australian ABC refutes reports of partnership with crypto platform: report

Australian ABC rejects reports of partnership with crypto trading platform. The Commonwealth Bank of Australia has warned of a fake article making the rounds on social media platforms alleging the country’s No.1 lender is partnering with a cryptocurrency trading platform to encourage people to invest in crypto assets. The ABC called the article (https://www.commbank.com.au/articles/newsroom/2022/04/cryptocurrency-scam-warning.html) “totally […]

Profit statements

Sundram Fasteners reports fourth quarter standalone net profit at Rs 71.41 cr

: Sundram Fasteners Ltd., engaged in the manufacture of automotive components, said on Saturday that standalone net profit was Rs 71.41 crore for the fourth quarter ending March 31, 2021. The city-based TVS Group company had recorded a standalone net profit of Rs 130.02 crore in the corresponding quarter of the previous […]

Investment reports

Apple’s Transparency Reports Don’t Disclose Information Regarding Company’s Removal of Apps at China’s Request / Digital Newsworld

Campaign group Great Fire recently leveled charges against Apple, saying their biannual transparency reports are far from transparent and that the company conceals information about the apps it removes. Apple prides itself on its transparency reporting, a sentiment I suspect stems from the company’s tendency to get into hot water unknowingly. The tech giant has […]

Lending reports

Volvo Group reports higher sales and record deliveries in the first quarter

[Stay on top of transportation news: Get TTNews in your inbox.] The Volvo Group reported lower first-quarter net profit and higher revenue amid what the company said was good economic activity, high transport volumes and solid construction activity, while order books are long and delivery times long. Truck deliveries set a record for a first […]

Investment reports

Plastec Technologies announces its financial results for fiscal year 2021

HONG-KONG, April 22, 2022–(BUSINESS WIRE)–Plastec Technologies, Ltd. (OTCBB: PLTYF) (the “Company”) today announced audited financial results for the 2021 fiscal year ended December 31, 2021. See the financial tables at the end of this release in Hong Kong dollars (HKD). All other amounts in this press release are presented in United States dollars (USD) using […]

Profit statements

Pakistan Refinery Profits Surge More Than 9x in Q3FY22

KARACHI: Pakistan Refinery Limited (PRL) on Thursday announced a record 931% increase in net profit for the third quarter of this fiscal year on the back of increased sales. In a statement to the Pakistan Stock Exchange (PSX), the company announced a net profit of 5.529 billion rupees for the quarter ended March 31, compared […]

Lending markets

Aunt Flow Completes Funding Round – Nonwovens Industry Magazine

aunt flow, a company whose mission is to change the world one cycle at a time, has announced that JLL Spark has joined the Period Party. The company raised an $8.5 million Series A funding round to support its plans to make 100% organic cotton menstrual products available free of charge in all public restrooms. […]

Profit statements

Tanzania: NIC profits double as general coverage soars

NATIONAL Insurance Corporation’s (NIC) pre-tax profit more than doubled, largely due to general insurance portfolio proceedings. NIC, the public insurance company, said in its financial statements that pre-tax profit fell from 33.65 billion/- earned for a year ending June 2020 to 73.1 billion/- last June. General insurance earned a pre-tax profit of 64.97 billion/- compared […]

Investment reports

Companies face tough earnings season as bearish sentiment rises, survey finds

Companies will struggle to impress investors this earnings season as investors become increasingly negative about the macro outlook, according to new research from Corbin Advisors. The survey finds investors have been the most pessimistic for almost two years, with 43% describing their view as neutral to bearish or bearish. Only 26% are neutral to bullish […]

Profit statements

Saudi lender Bank Albilad posts 25% growth in first-quarter profit

Focus on Egypt—Suez Signs $3 Billion Green Power Deal; IMF revises growth outlook upwards CAIRO: Egypt is making efforts towards a green economy, working with media company CNN to highlight its sustainable development and signs a $3 billion deal to produce green energy. On another note, the International Monetary Fund has revised the North African […]

Lending markets

GLOBAL MARKETS-Equity gains capped by rising real yields, Netflix disappoints

* Actual yields are flirting with positive territory * Oil is trading above $100 a barrel * The dollar hits a new two-decade high against the yen * US stock futures fall after Netflix By Huw Jones LONDON, April 20 (Reuters) – Shares edged higher on Wednesday but gains were capped by questions about the […]

Lending markets

Daily Markets: Treasury Yields Rise on Recent St. Louis Fed Bullard Comments on Interest Rates and Recession

The big picture today Asia-Pacific stock indices ended today’s session mixed on various reactions to China’s pledge to support sectors of the economy affected by Covid, a still-strong dollar and anticipation of a an increasingly aggressive US Federal Reserve. China’s Shanghai Composite ended the day nearly flat, down 0.05%, while India’s Sensex and Hong Kong’s […]

Investment reports

Australian ABC rejects reports of partnership with Crypto trading platform | Investment News

(Reuters) – The Commonwealth Bank of Australia has warned of a fake article making the rounds on social media platforms alleging the country’s No.1 lender has partnered with a cryptocurrency trading platform to encourage people to invest in crypto assets. The ABC called https://www.commbank.com.au/articles/newsroom/2022/04/cryptocurrency-scam-warning.html the article “totally untrue and untrue” on Tuesday, adding that it […]

Profit statements

Woodbois Ltd further increases profit margins and container shipments in Q1

Woodbois Ltd (AIM:WBI), which turned profitable last year, said it continued to increase profit margins this year and expects to generate more and more cash. In a first quarter business statement, the Africa-focused sustainable forestry company also announced a management reorganization. Executive Chairman Paul Dolan will return to his role as Chief Executive Officer, Federico […]

Lending reports

E-mini Dow Flatlining on 50% level ahead of earnings reports

E-mini Dow Jones Industrial Average June futures are up early Tuesday after posting a mixed trade, lower at the close of the previous session. Blue chip stocks were choppy on Monday as investors pitted positive Bank of America earnings against soaring bond yields ahead of new earnings hints this week. As of 0500 GMT, June […]

Lending markets

Bank of America beats earnings estimates on strong consumer lending – Markets

Bank of America Corp reported a weaker-than-expected first-quarter profit decline of 13% on Monday as strong growth in its consumer finance business helped cushion the blow from a slowdown in global transactions. The bank reported a 9% increase in retail banking revenue to $8.8 billion in the quarter ended March. “First quarter results were strong […]

Profit statements

Saudi telecommunications firm Zain’s net profit jumps 98% to $22 million in the first quarter on higher revenue

RIYADH/LONDON: A Riyadh-based technology company is bolstering the Kingdom’s armed forces and is placing increasing emphasis on military localization and intellectual property development. In just over a year, Interstellar Solutions, an ambitious technology company under the umbrella of venture capital firm RAZ Holding Group, has acquired several contracts for an integrated defense management system that […]

Investment reports

Top 5 TSX Weekly Artists: Endeavor Reports High-Quality Guanacevi Results

The S&P/TSX Composite Index (INDEXTSI:OSPTX) was trading at 21,838.02 early last Thursday (April 14), but eventually closed the four-day shorter week higher at 21,851.89. Ahead of the long weekend, the index opened lower, under pressure from falling gold and oil prices. Investors were also awaiting economic data expected later in the day. Despite a pullback […]

Lending markets

MFS Government Markets Income Trust (MGF) will issue a monthly dividend of $0.02 on April 29

MFS Government Markets Income Trust (NYSE: MGF – Get a rating) declared a monthly dividend on Tuesday, April 5, the wall street journal reports. Shareholders of record on Wednesday April 20 will receive a dividend of 0.0245 per share on Friday April 29. This represents a dividend of $0.29 on an annualized basis and a […]

Lending reports

Barcelona plot transfer talks with Coutinho after Aston Villa performances: Reports

Barcelona are reportedly interested in selling Brazilian midfielder Philippe Coutinho this summer. The 29-year-old is currently on loan at Aston Villa until the end of the season. Steven Gerrard’s side have an option to buy him after his loan spell ends. According to The mirror, Barcelona don’t believe Aston Villa will exercise their option to […]

Investment reports

Trevali reports flooding at its Perkoa mine

CPS Capital Group Pty Ltd is acting as finder in the placement. Funds from the financing are intended to be used for general working capital and to accelerate the development of the company’s Lake Superior zinc and copper project, the highest-grade zinc project in North America (see the press release of October 14, 2021 ). […]

Profit statements

Government urged to involve businessmen in policy-making

The Islamabad Chamber of Commerce and Industry (ICCI) has urged the government to involve the private sector in the consultation process and develop policies after getting their input to pull the economy out of the current challenges. In a statement, ICCI Chairman Muhammad Shakeel Munir also assured the Prime Minister that the business community would […]

Lending markets

Kenya Airways secures another 36.6 billion shillings government bailout

The Treasury will offer Kenya Airways (ENS: KQ) another bailout of 36.6 billion shillings during the year beginning in July as part of efforts to support the national carrier as it recovers from the Covid-19 travel crisis. The allocation, contained in budget documents tabled in parliament, comes weeks after MPs approved a 20 billion shilling […]

Lending reports

Tank production stops in Russia – Intel reports

The production of new tanks in the Russian Federation is discontinued due to financial problems and the lack of imported components. “Russia’s Uralvagonzavod is trying to overcome the crisis caused by the imposed sanctions. Uralvogonzavod (Nizhniy Tagil) is a Russian manufacturer of armored vehicles, primarily the main Russian T-72 tank. Since the start of the […]

Profit statements

Goldman Sachs wealth management drives earnings down as M&A wave wanes

Goldman Sachs Group Inc reported a 43% drop in earnings, but beat Wall Street expectations as strong performance in wealth management and lower costs cushioned the blow from weak activity on capital markets. The bank has taken steps under Chief Executive David Solomon to diversify its revenue streams and earn more from predictable sources such […]

Lending markets

A look at Hammerstone Markets – Hammerstone Markets

By admin | 04/14/2022 Early preview Thursday, April 14, 2022 Futures contracts Up down % Last Dow 54.00 0.16% 34,536 S&P500 -1.25 0.04% 4,440 Nasdaq -1.50 0.01% 14,219 US futures look mixed with little change ahead of a slew of banking sector results (C, WFC, MS, GS, USB), the European Central Bank (ECB) policy meeting […]

Lending reports

BoQ announces higher earnings and increases dividend under uncertain conditions

Bank of Queensland announced a $268 million increase in half-year revenue and will pay shareholders a 22¢ interim dividend as the lender continues its integration of superfund-owned ME Bank amid uncertain economic conditions . The BoQ reported on Thursday that growth in personal loans, businesses and customer deposits contributed to a 14% increase in cash […]