Analysis: Indices

Cafe chain Black Rock Coffee Bar targets $861 million valuation in rare US consumer IPO

Black Rock Coffee Bar is targeting a valuation of up to $860.7 million in its New York initial public offering, the cafe chain said on Tuesday, setting the stage for a rare consumer sector listing...

Sweden's Klarna targets up to $14 billion valuation in long-awaited US IPO

Sequoia Capital-backed Klarna said on Tuesday it was aiming for a U.S. listing valuing the fintech at up to $14 billion, moving it closer to its long-awaited market debut as investor appetite in...

Mubadala-backed Corient to acquire two European wealth managers in $214 billion asset deal

DUBAI -Corient, one of the largest U.S. wealth advisory firms, said on Tuesday it would acquire Stonehage Fleming and Stanhope Capital Group, bringing more than $214 billion in client assets under...

India eyes record cotton buying as imports, US tariffs dampen prices

MUMBAI -India is expected to purchase a record volume of cotton from farmers in the upcoming season, as domestic prices face pressure from cheaper imports and weakening demand following hefty U.S....

Gold climbs to record high of over $3,500 on bets of US rate cuts, economic risks

Gold rose over 1% on Tuesday, surging to an all-time high above $3,500 per ounce, with investors piling into the metal on growing conviction of a Federal Reserve rate cut and lingering political and...

Russia's Novatek hires Leonard Neo as LNG marketing manager in Singapore

SINGAPORE -Russia's largest liquefied natural gas producer Novatek has hired Leonard Neo as an LNG marketing manager in Singapore, according to Neo's LinkedIn post on Tuesday. Neo was...

Hedge funds still cautious on U.S. stocks going into fragile September

LONDON -Hedge funds remain hesitant about buying U.S. stocks at the outset of what is often a dour month for markets, even with a potential U.S. rate cut on the horizon, after becoming net sellers in...

Nestle investors face more turbulence after another CEO ousted

STORY: Nestle investors were pitched back into choppy waters on Tuesday. The Swiss food giant ousted its CEO Laurent Freixe over an affair he had with a subordinate. The...

China's stock margin financing hits record high as investors chase rally

HONG KONG -China's outstanding margin financing has reached a new record high of 2.29 trillion yuan , surpassing the previous peak set a decade ago, as investors ramp up leveraged bets to join a...

Glencore plans job cuts at South African ferrochrome and vanadium operations

JOHANNESBURG -Glencore said on Monday that a retrenchment process has been initiated at its joint-venture Rustenburg ferrochrome smelter and vanadium operations in South Africa as significant...

Are you ready for the worst month of the year?

It's back-to-school again, it's raining, and September is historically the worst month of the year for the stockmarket. With the S&P 500 breaking through the 6,500-point mark last week and several...

In Mexican border town, thousands of jobs lost due to Trump tariffs

CIUDAD JUAREZ, Mexico -For 11 years, Fabiola Galicia worked her way up the ranks at a factory that produced decorative ribbons in Ciudad Juarez, just across the border from El Paso, Texas. Starting...

South African factory mood sours in August, Absa PMI shows

JOHANNESBURG -South African manufacturing sentiment deteriorated in August after a short-lived improvement in July, as activity remained subdued and both domestic and export demand were sluggish, a...

South Africa says technical work on changing inflation target draws to a close

JOHANNESBURG -South Africa's finance ministry and central bank said in a joint statement on Monday that technical work on whether to change the country's inflation target was drawing to a close. ...

India's top court dismisses challenge to government rollout of 20% ethanol-blended fuel

NEW DELHI -India's top court on Monday dismissed a petition challenging the government's move to roll out 20% ethanol-blended fuel in vehicles across the country. In 2021 India set a...

US equity funds draw only subdued inflows on Fed independence risk

U.S. equity funds drew only marginal inflows in the week through August 27 as risks to the Federal Reserve's independence kept investor demand in check after President Donald Trump attempted to fire...

India's ONGC to keep buying Russian oil if prices economical, chair says

NEW DELHI -Indian explorer Oil and Natural Gas Corporation said on Friday its refining units will continue to buy Russian oil if available at economical prices. There is no sanctions...

US core PCE firms slightly but matches expectations

NEW YORK -The U.S. Commerce Department said on Friday its Personal Consumption Expenditures Price Index rose 0.2% in July, versus the unrevised 0.3% rise in June and matched the estimate of...

Global equity fund inflows ease on worries over Fed independence

Global equity funds witnessed a dip in demand in the week through August 27 on concerns around the Federal Reserve's independence as President Donald Trump attempted to fire a Federal Reserve...