Retail investors in the Indian stock market have faced severe losses as their favoured small-cap stocks tumbled more than those held by institutional investors.Data from Bloomberg shows that in the NSE 500 universe, stocks with over 20% retail ownership have fallen by 45% from their peaks. In comparison, stocks with…
The Western Mine Workers Alliance (WMWA) in Australia has announced that over 400 workers at Rio Tinto’s Paraburdoo iron ore mine, located in the Pilbara region, have demonstrated their support for collective bargaining by signing a petition. This move signifies a growing desire among the workforce to engage in negotiations with…
Shares of Trainline PLC dropped sharply Thursday, falling more than 13% even as the rail ticketing platform reported higher sales and announced a new share buyback programme, with investors wary of a looming state-backed rival.The FTSE 250 index, in contrast, slipped just 0.2%.Trainline reported net ticket sales of £5.91 billion…
Deliveroo PLC has achieved its first annual profit since going public, marking a significant milestone for the takeaway delivery company that once earned the nickname “flopperoo” following its disastrous stock market debut. The company reported a profit of £3 million for 2024, a stark turnaround from the £32 million loss…
Adobe Inc (NASDAQ: ADBE) chief executive Shantanu Narayan pushed back against criticism that his company has been slow in terms of AI monetisation in an interview on Thursday.All it has done is prioritise innovation and adoption before shifting focus to monetisation, he added.The chief executive remains confident that focus on…
Bolivia is facing a serious economic issue as the country has a severe lack of dollars and gasoline, forcing the state energy agency YPFB to use cryptocurrencies for energy imports. According to Reuters, a YPFB official acknowledged that the decision comes as Bolivia’s foreign currency reserves plummet due to years…
Brazilian steelmaker Companhia Siderúrgica Nacional (CSN) recently posted a net loss of 85 million reais ($14.66 million) in the fourth quarter after substantial financial expenses. According to a Reuters report, core earnings and revenues in the Brazilian steel and mining company exceeded market expectations.Fourth quarter financial performance: a mixed picture…
US President Donald Trump has reignited trade tensions with the European Union by threatening to impose a 200% tariff on wines, champagnes, and other alcoholic products from France and the wider EU.The move comes in retaliation to the bloc’s decision to impose a 50% tariff on American whiskey, further straining…
On Thursday, the shares of B3, Brazil’s main stock exchange, experienced a dramatic surge of 5.71%, climbing to R$11.10. This surge followed a crucial decision by the Superior Chamber of the Administrative Council of Tax Appeals (Carf), which unanimously ruled in favour of B3 regarding the tax amortization of goodwill…
Investors are keenly watching Nvidia Corp (NASDAQ: NVDA) ahead of its annual GTC conference on March 17th.Jensen Huang – chief executive of the AI darling is broadly expected to offer more colour on the company’s latest Rubin architecture at the annual event.Nvidia named its upcoming Rubin chips after the American…