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  • Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates

    Commerzbank Doubles Quarterly Profit, Helped By Higher Interest Rates0

    Germany’s Commerzbank (ETR:CBKG) said on Wednesday that net profit nearly doubled in the first quarter, a better-than-expected result helped by higher interest rates. The bank said it sees “upside potential” in net interest income this year, and raised its forecast to 7 billion euros ($7.7 billion) from a previous 6.5 billion euros. The bank’s shares

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  • Asian Stocks Creep Higher, China Lags On Disappointing Data

    Asian Stocks Creep Higher, China Lags On Disappointing Data0

    Most Asian stock markets rose on Tuesday, tracking some overnight resilience in U.S. equities as markets awaited more cues on the world’s largest economy, although broader gains were held back by disappointing Chinese economic data. Outperformance in Japan’s Nikkei 225 index persisted, with the index up 0.9% at an 18-month high as a strong first-quarter

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  • Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump

    Australia’s Ingo Care gets Higher $1.3 Billion Offer From TPG, Shares Jump0

    Australia’s InvoCare Ltd shares jumped nearly 12% on Monday after it revealed a higher A$1.86 billion ($1.26 billion) offer from global private equity firm TPG had been tabled just weeks after it rejected a lower bid it said undervalued the funeral services provider. Shares of InvoCare rose to A$12.36 by 0424 GMT, outperforming the broader

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  • Asia FX Dips After Chinese Imports Disappoint, Dollar Rises

    Asia FX Dips After Chinese Imports Disappoint, Dollar Rises0

    Most Asian currencies retreated on Tuesday tracking softer-than-expected Chinese import data, while the dollar firmed ahead of more cues on the U.S. economy from key inflation data due this week. China’s yuan fell 0.1% as data showed China’s imports fell more than expected in April, indicating that local demand in the country remained dim despite

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  • Oil Prices Rise On OPEC+ Hopes, But Set For Steep Weekly Losses0

    Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from a banking crisis kept gains limited and put prices on course for their worst week this year. Media reports said that Saudi Arabian and Russian ministers met this week to discuss potential

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  • Asian Stocks Surge As Bank Bailouts Lift Spirits

    Asian Stocks Surge As Bank Bailouts Lift Spirits0

    Asian stock markets rose on Friday, recovering from a series of sharp losses this week as government and institutional support to stem a potential banking crisis helped improve sentiment, while traders also priced in a less hawkish Federal Reserve. Chinese bourses were the best performers for the day, with the Shanghai Shenzhen CSI 300 and

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