Archive for Tag: stock market news

Commodity – Oil prices rise on expected U.S. stocks draw

Brent Oil was trading 1.36% upat $75.34. Oil prices climbed more than $1 on Wednesday, extending overnight gains after industry data showed U.S Crudestocks fell more than expected last week in the wake of two hurricanes, highlighting tight supply as demand improves. Prices were also supported as some OPEC...

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Microsoft Gains on $60 Billion Buyback, Higher Quarterly Dividend

Microsoft (NASDAQ:MSFT) is trading up 0.94% at 299.79 Microsoft stock (NASDAQ:MSFT)traded 1.5% higher Wednesday as the company announced a $60 billion share buyback and a higher quarterly dividend. The new share repurchase program, which has no expiration date, may be terminated at any time, the $2.25 trillion company said....

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Boeing Weaker as Ryanair Ends Talks for 737 Max10 Jets Order

Boeing (NYSE:BA) is trading down 1.20% at 218.17 Boeing stock (NYSE:BA) traded lower by 0.4% in Tuesday’s premarket after European budget airline Ryanair ended talks for a major order. Ryanair (LON:RYA) stock, which had risen on the news on Monday, traded 0.1% higher in London. Ryanair said on Monday...

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Oil edges lower as U.S. pushes OPEC to pump more

Brent Crudewas trading 0.72% down at $71.71. Oil slipped on Tuesday as OPEC and allies geared up for a meeting on Wednesday amid calls from the United States to pump more crude, although Brent still traded well above $70 per barrel. Prices were also under pressure from concerns that...

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Oil jumps as storm approaches Gulf of Mexico production hub

Brent Crudewas trading 0.87% down at $70.64. Oil prices rose on Friday and are on track to post big gains for the week on worries about supply disruptions as energy companies began shutting production in the Gulf of Mexico ahead of a possible hurricane forecast to hit on the...

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Volkswagen expects chips shortage to ease in Q3

Volkswagen (DE:VOWG) is trading up 0.03% at 367.80 Volkswagen (DE:VOWG)expects a shortage in semiconductor supply to ease in the third quarter but sees the bottlenecks continuing in the long-term, a board member told Handelsblatt newspaper. “At the moment we have reached the lowest point. We are facing the toughest...

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Marks & Spencer shares surge in otherwise sluggish London market

London stocks were generally lower on Wednesday, with heavily weighted HSBC dragging the index lower, along with British Land, though Marks & Spencer was a bright spot after well-received results. The FTSE 100 index dipped 0.1% to 7,019.67, while the yield on 10-year U.K. gilts fell 3 basis points...

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UK competition regulator looking into $39 billion AstraZeneca-Alexion deal

AstraZeneca (NASDAQ:AZN) is trading down 0.26% at 8129.00 Britain’s competition regulator is reviewing AstraZeneca (NASDAQ:AZN)’s $39 billion buyout of U.S.-based Alexion (NASDAQ:ALXN) on concerns it could reduce competition in the UK market or elsewhere. The UK’s Competition and Markets Authority (CMA) said on Tuesday it was inviting comments from...

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With electrification, Nissan’s Gupta sees new spark for Renault tie-up

Nissan Motor Co is trading up 0.89% at 532.80 Nissan (OTC:NSANY) Motor Cowill standardise and share electric-vehicle components with alliance partner Renault SA (OTC:RNLSY), the Japanese automaker’s chief operating officer (COO) said, describing electrification as the partnership’s new lynchpin. The Franco-Japanese alliance, which also includes junior member Mitsubishi Motors...

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