[ad_1] Investing.com– Most Asian stocks rose on Monday, tracking gains in Wall Street after softer U.S. inflation data spurred bets that interest rates will still fall in the coming year. Japanese stocks were among the better performers for the day, buoyed by speculation over a potential merger between Honda (NYSE:) and Nissan (OTC:), as reports said a deal was close. Regional markets took positive cues from Wall Street, which surged on Friday after data- the Federal Reserve’s preferred inflation gauge- read softer than expected for November. The reading helped ease some concerns that U.S. rates will fall at a slower…
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[ad_1] Investing.com– Singapore Post shares plunged on Monday after the company terminated its chief executive officer and two other executives with immediate effect following an internal investigation. The company, on Sunday, dismissed Group CEO Phang Heng Wee, Chief Financial Officer Yik Yen Shan, and CEO of its international e-commerce logistics unit Li Yu, after an investigation found that they mishandled a whistleblower report alleging misconduct by company employees. Shares of the company fell more than 8% to S$0.505, their lowest level since mid-November. Earlier this year, the company received a whistleblowing report alleging improper manual entries of delivery status codes by…
[ad_1] Investing.com– Honda Motor Co Ltd (TYO:) and Nissan Motor Co., Ltd. (TYO:) are aiming to finalize the terms of a potential merger by June 2025, Japanese broadcaster NHK reported on Monday, amid a slew of reports that two are considering a combination. Honda (NYSE:) and Nissan (OTC:) have already signed a basic merger agreement, and will hold a press conference later on Monday to announce the deal, the NHK report said. The two will aim to finalize a deal by June 2025. Mitsubishi Motors Corp. (TYO:)- in which Nissan is the biggest shareholder- will also announce its consideration for joining…
[ad_1] According to data from CNBC going back to 1980, the Nasdaq and other benchmark indexes have historically risen in the months following a presidential election. This trend has continued in 2024, with the tech-heavy index up by around 10% since Donald Trump’s win on Nov. 5. A new administration can mean less political uncertainty, making many market participants more comfortable holding assets in general. There is no guarantee that the Nasdaq’s momentum will continue in 2025. But as Wall Street continues to pour money into AI tech, Advanced Micro Devices (NASDAQ: AMD) and Amazon (NASDAQ: AMZN) are two stocks…
[ad_1] Foxtel headquarters are seen at North Ryde on June 20, 2012 in Sydney.Cameron Spencer | Getty Images News | Getty ImagesNews Corp and telco Telstra have agreed to sell their Australian cable TV and streaming company Foxtel to British sports platform DAZN, valuing the struggling business at A$3.4 billion ($2.1 billion), including debt.As part of the deal, shareholder loans valued at A$578 million outstanding will be repaid in full and Foxtel’s current debt will be refinanced at closing.News Corp will hold a 6% stake in DAZN and Telstra will own 3% of the London-headquartered global streaming platform backed by billionaire Len…
[ad_1] (Reuters) -Singapore Post said on Sunday it had dismissed its chief executive and two other senior managers after an internal investigation found they had mishandled whistleblower allegations about misconduct by company employees. The firm’s shares slumped by the most in over four years as the city-state’s bourse opened for trading. The stock plunged as much as 9.8%, its biggest intraday loss since March 2020. The alleged misconduct reported by the whistleblower related to several employees who worked in the company’s international e-commerce logistics parcels business, the company said in a statement, without giving further details. The firm had received…
[ad_1] On Dec. 18, the U.S. Federal Reserve concluded its final policy meeting for 2024. There was a broad consensus among experts that the central bank would cut the federal funds rate (overnight interest rates) by 25 basis points, and that’s exactly what happened. The Fed has now cut interest rates three times since September due to a decline in the rate of inflation and some modest weakness in the jobs market. Lower rates are usually good for stocks for a number of reasons (more on those later), but this particular cut was met with a wave of selling among…
[ad_1] Last Nov. 25, Warren Buffett announced that he would donate a substantial portion of the shares he owned in Berkshire Hathaway to his four family foundations. In his announcement, he included a letter which contained some important personal finance lessons that we can apply to our own situation. One of my favorites is his comment that hugely wealthy parents should only leave their children enough so they can do anything but not enough that they can do nothing. Article continues after this advertisement Despite being one of the richest men in the world, Buffett shared that his children only…
[ad_1] Philadelphia, Pennsylvania–(Newsfile Corp. – December 22, 2024) – Nationally recognized law firm Berger Montague PC informs investors that a lawsuit was filed against PACS Group, Inc. (“PACS” or the “Company”) (NYSE: PACS) on behalf of purchasers of PACS securities between April 8, 2024 and November 21, 2024, inclusive (the “Class Period”). Investors that suffered losses from PACS (NYSE: PACS) investments can follow the link below for more information regarding the lawsuit:CLICK HERE to learn more about the lawsuit. Investors who purchased or acquired PACS securities during the Class Period may, no later than JANUARY 13, 2025, seek to be…
[ad_1] Kosovo must invest 2.8 billion US dollars in climate resilience over the next decade to safeguard its economy, health, and environment while transitioning to net-zero emissions by 2050. Investing in climate resilience and transitioning the economy from fossil fuels to renewables will help Kosovo support its sustainable economic development and protect citizens from natural hazards, according to the World Bank Group’s Country Climate and Development Report for Kosovo, released earlier this month. The report concludes that Kosovo would need to invest an estimated 2.8 billion US dollars over the next decade to protect people and property from the damaging…