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HSBC (HSBA.L) announced on Thursday that it will conduct a strategic review of its retail banking business in Egypt. This review is part of the bank’s broader restructuring of its global operations, initiated last year to streamline its business and focus on its core markets. HSBC is a global banking and financial services organisation, serving […]

Blackstone (BX.N) anticipates a surge in initial public offerings, potentially leading to one of its most significant years for such deals. The firm’s total assets under management reached a record $1.24 trillion, executives announced on Thursday. Blackstone is the world’s largest alternative asset manager. The company invests across asset classes on behalf of institutional and

The S&P 500 has risen on Thursday, lifted by technology shares and strong corporate earnings. The index closed up 0.58% at 6,738.44. The Dow Jones gained 144 points, or 0.31%, finishing at 46,734.61. The Nasdaq Composite outperformed, advancing 0.89% to settle at 22,941.80. Tech giants led the charge, with Nvidia, Broadcom and Amazon pacing gains.

Oil prices have jumped significantly following the United States’ announcement of sanctions targeting Russia’s largest oil companies. West Texas Intermediate (WTI) soared by as much as 6.2 per cent, exceeding $US61 a barrel. This surge marks the most substantial single-day increase since the beginning of the Israel-Iran conflict on June 13. The US government has

The Trump administration has commenced preliminary discussions with quantum computing companies regarding potential financial assistance. This move aims to bolster an industry considered crucial in the escalating technological competition with China. Commerce Department officials have reportedly engaged with industry executives to explore leveraging Chips Act funding to support projects and companies deemed vital to national

James Rodda, portfolio manager of Antipodes Partners’ global small and mid-caps fund, oversees a firm managing over $20 billion in assets. Antipodes Partners is a global investment manager offering a range of investment strategies. The firm focuses on delivering long-term returns for its clients through a value-oriented approach. Rodda spotlights GCC, a Mexican-listed cement producer,

Insignia Financial has announced that its funds under management and administration (FUMA) reached $340.5 billion as of September 30. This represents an increase of $10.2 billion, or 3.1 per cent, for the quarter. The company is an Australian financial services firm that provides a range of wealth management and investment solutions. It operates through multiple

Gold prices have declined for a third consecutive day, edging closer to the $US4000 an ounce mark amid growing concerns that the extended rally had become overheated. Spot gold slipped to around $US4090 an ounce in early Asian trading on Thursday, reinforcing a technical reset. Investors are also considering the potential for a US-China trade

Oil prices have surged following the United States’ announcement of sanctions on Russia’s largest oil producers. This move comes as President Donald Trump increases pressure on Vladimir Putin to negotiate an end to the conflict in Ukraine. Brent crude jumped as much as 2.9 per cent, exceeding $US64 a barrel, while West Texas Intermediate also

Shares in Fortescue Metals Group experienced a slight dip of 0.3 per cent after initial gains, despite a healthy September quarter. According to Morgans deputy head of research, Adrian Prendergast, Fortescue’s shipments of 49.7 million tonnes marginally exceeded expectations during the period. Fortescue Metals Group is a global leader in the iron ore industry, committed