market news

Indian Cabinet Approved Share Sale In Coal India Worth $3.2 Billion

India's cabinet on Wednesday approved the sale of 10% stake in the country's top coal producer, Coal India Ltd.

Second Largest Diamond Discovered After More Than A Century In Botswana

A 1,111 carat gem quality diamond second in size only to the Cullinan diamond cut into the British crown jewels has been unearthed.

Liberty Global To Purchase Cable & Wireless Communications Worth $5.3 Billion

International cable TV company, Liberty Global says it is acquiring cable and wireless communication worth $5.3 billion deal.

Blacks to Patronize Black-Owned Businesses Only

Should black go out and only buy things from black owned businesses? Maggie Anderson and her family believe, they should.

Activist investor Carl Icahn sells eBay shares in favor of PayPal

Billionaire activist investor Carl Icahn swapped his entire equity stake in eBay for the same number of shares in PayPal Holdings in the third quarter.

AliBaba Keeps Dominating The Market Despite Of The Counterfeit Goods Issue

Last week Alibaba made history when it sold $14 billion of merchandise in a single day more than Cyber Monday and Black Friday deals combined.

Foreigners Are Piling In As Argentina Open Doors For Business

For the first time in two decades, the US Chamber Of Commerce is bringing business leaders to Argentina.

EasyJet expected to announce £700 million of profit next week

London-based low-cost airline carrier, EasyJet is set to post its highest ever annual profits of about £700 million next week. Analysts are optimistic that recent hike in the number of passengers will offset the Sharm el-Sheikh crisis.

French financial markets wary of terror attack aftershock

French market open as usual after the terror attacks that left hundred of people wounded and died. Most stocks, including those connected with the country's tourism sector could be most at risk of large falls.

Marc Andreessen sold $160 million worth of his Facebook Shares

Marc Andreessen has sold almost 75 percent of his Facebook stock in the last two weeks based on SEC filings. According to the same filings, 1.5 millions of shares has been sold by Andreessen.

UK Sold Northern Rock Mortgages To US Worth £13bn

The treasury has sold worth £13bn of Rock Mortgages to a US private investment firm in what is being thought to be the biggest ever financial asset sold by the European government.

Stocks rally higher as commodity prices rebound

U.S. stocks extended a rally, with the Standard & Poor’s 500 Index reaching a three-month high. The Energy and raw materials went up at least 17% from recent lows while the Nasdaq 100 also recorded a new high compared to July this year.

United Tech third quarter profit falls

United Technologies Corp profit falls to $1.36 billion in the third quarter as sales from its product decreases due to wild currency swing. The company also announces shares buyback to increase its intrinsic value causing the share price to rally.

Malaysia Property Stocks traded at 32 percent discount

Current global economy and political environtment had cause the Kuala Lumpur Stock Exchange to plunge in value. Among the worse performer is its property stocks which are currently traded at discounted price, giving big fund manager to buy more stocks.

Square Files for IPO despite of $77.6 million loss

Square Inc. had filed for an IPO on Wednesday and the company is expected to be listed on NYSE soon. The company is currenlty valued at $6 billion by analysts.

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Latest Stories

How Copper Fuels Infrastructure Development from Power Grids to Telecom

Copper's use in global infrastructure development is becoming increasingly critical, especially as emerging markets expand and industrialize. The metal, valued for its electrical conductivity, is now indispensable in energy grids, transportation networks, and telecommunications. As nations worldwide focus on upgrading infrastructure to meet the demands of modern economies and climate targets, copper demand is set to rise continually year over year.

A Busy October for H.I.G. Capital: Multi-Sector Investments Reflecting Market Agility

As global markets continue to present both challenges and opportunities, H.I.G. Capital, the Miami-based alternative investment powerhouse, has launched a series of strategic moves that underscore its agility and foresight. With $65 billion of capital under management, H.I.G. has long been known for its diverse investment approach. However, the firm's activities in October 2024 paint a picture of a company not just participating in market trends but actively shaping them.

The Surge in Copper Prices: Predictions and Market Reactions

The global copper market has been experiencing a significant surge in prices, driven by supply constraints and increasing demand. This trend has caught the attention of investors, industry analysts, and policymakers alike, as copper is needed in various sectors, particularly in the growing fields of renewable energy and electric vehicles. Here are some of the key factors behind the price surge, market reactions, and future predictions for copper prices.

Beyond Wealth: Giving Compass for Business Simplifies Philanthropy for Financial Advisors

Giving Compass for Business, one of these innovations is gaining popularity since it provides a fresh method for incorporating generosity into wealth management.

Belgian Billionaire Shukhrat Ibragimov Puts Private Jet on Market for $46m

Shukhrat Ibragimov, the chairman of mining giant Eurasian Resources Group (ERG), has put his Dassault Falcon 8X up for sale for $46 million.

Must Read

IC Funded: Revolutionizing Prop Trading for Retail Traders

IC Markets has recently launched its proprietary trading platform, IC Funded, and it's already creating a buzz in the trading community. What started as a soft launch has now captured the attention of traders worldwide, highlighting a significant shift in how retail traders can access capital and participate in the markets.

Protecting Your Practice: The Importance of Professional Liability Insurance for Professionals

In today's complex and litigious business environment, professionals across various industries face numerous risks that could jeopardise their practice. From legal claims and client disputes to regulatory investigations, the potential threats are vast.

As Copper M&A Wars Escalate, Solaris Resources' Warintza Project Stands Out

The mining industry has been busy with mergers and acquisitions (M&A) activity in recent years, and 2024 has been one of the busiest. Major mining companies are all vying for a piece of the action in the promising copper sector. As the global push towards electrification and clean energy intensifies, the demand for copper—a critical component in electric vehicles, renewable energy systems, and infrastructure—is expected to soar. This has sparked even more interest from mining giants looking to secure their position for production.

Amin Makhlouf: Redefining Real Estate Transactions with Digital Innovation

In an industry often rooted in tradition, Amin Makhlouf brings a fresh perspective, combining youthful energy with groundbreaking ideas in real estate. As the founder of Makyee, he's transforming the way properties are bought and sold in Dubai, aiming to make these processes more accessible, efficient, and transparent.

Is Mr. Black Being Silenced by X in His Mission to Bring About the Messianic Age?

The enigmatic artist Mr. Black, known for his cryptic street art and ambitious 21,000-piece ordinal collection on the Bitcoin blockchain, claims that the Messianic Age will be revealed once the collection is fully minted. However, recent developments suggest that Mr. Black might be facing censorship on the social media platform X, formerly known as Twitter.

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