ANL 10.40 Decreased By ▼ -0.10 (-0.95%)
ASC 9.00 Decreased By ▼ -0.19 (-2.07%)
ASL 11.10 Decreased By ▼ -0.03 (-0.27%)
AVN 76.75 Increased By ▲ 0.40 (0.52%)
BOP 5.42 Decreased By ▼ -0.02 (-0.37%)
CNERGY 5.24 Decreased By ▼ -0.03 (-0.57%)
FFL 6.65 Increased By ▲ 0.08 (1.22%)
FNEL 5.83 Decreased By ▼ -0.07 (-1.19%)
GGGL 11.00 Decreased By ▼ -0.08 (-0.72%)
GGL 16.44 No Change ▼ 0.00 (0%)
GTECH 8.68 Increased By ▲ 0.16 (1.88%)
HUMNL 6.85 Decreased By ▼ -0.04 (-0.58%)
KEL 2.88 Decreased By ▼ -0.02 (-0.69%)
KOSM 3.17 Decreased By ▼ -0.03 (-0.94%)
MLCF 26.65 Decreased By ▼ -0.26 (-0.97%)
PACE 3.00 No Change ▼ 0.00 (0%)
PIBTL 6.00 Increased By ▲ 0.09 (1.52%)
PRL 17.02 Increased By ▲ 0.13 (0.77%)
PTC 7.04 Increased By ▲ 0.07 (1%)
SILK 1.18 Increased By ▲ 0.01 (0.85%)
SNGP 36.36 Increased By ▲ 0.06 (0.17%)
TELE 10.68 Increased By ▲ 0.09 (0.85%)
TPL 9.05 Decreased By ▼ -0.08 (-0.88%)
TPLP 20.08 Increased By ▲ 0.17 (0.85%)
TREET 28.72 Increased By ▲ 0.12 (0.42%)
TRG 76.37 Increased By ▲ 0.07 (0.09%)
UNITY 19.88 Increased By ▲ 0.03 (0.15%)
WAVES 12.72 Increased By ▲ 0.06 (0.47%)
WTL 1.35 Decreased By ▼ -0.01 (-0.74%)
YOUW 5.10 Increased By ▲ 0.03 (0.59%)
BR100 4,069 Decreased By -22.1 (-0.54%)
BR30 14,954 Increased By 1.7 (0.01%)
KSE100 41,223 Decreased By -125.6 (-0.3%)
KSE30 15,683 Decreased By -53.6 (-0.34%)

Wall Street

Morgan Stanley profit blows past estimates, flags credit event loss
Business & Finance

Morgan Stanley profit blows past estimates, flags credit event loss

  • The Wall Street powerhouse, however, recorded a total one-off loss of over $900 million that it said was related to a credit event and subsequent losses from "a single prime brokerage client."
  • Morgan Stanley was one of six banks who had exposure to Archegos Capital Management, a family office fund that defaulted on margin calls late last month and triggered a firesale of stocks across Wall Street.
Published 16 Apr, 2021 05:21pm
Bank of America profit more than doubles on reserve release boost
Business & Finance

Bank of America profit more than doubles on reserve release boost

  • The second-largest US bank by assets unlocked $2.7 billion from its reserves and unveiled a $25 billion stock repurchase plan, betting on a swift economic recovery driven by rapid vaccinations.
  • Consumer banking revenue at the bank, however, fell 12% to $8.1 billion in the quarter ended March. Net interest income, a key measure of how much the bank can make from lending, fell 16% to $10.2 billion in the quarter.
Published 15 Apr, 2021 04:13pm
Goldman profit smashes expectations on booming investment banking
Business & Finance

Goldman profit smashes expectations on booming investment banking

  • Overall investment banking revenue rose 73% to $3.77 billion, its highest since 2010, while equities trading surged 68% as a jump in trading by ordinary investors fed stock market volatility.
  • Global investment banking fee hit an all-time record of $39.4 billion during the March quarter, according to Refinitiv data.
Published 14 Apr, 2021 05:11pm
Dovish Fed lifts Wall Street stock futures to record high
Markets

Dovish Fed lifts Wall Street stock futures to record high

  • S&P stock futures hit record highs.
  • European shares at record levels.
  • Crude oil slips after rise in US gasoline stocks.
  • Fed's Powell to speak at IMF event at 1600 GMT.
  • Weekly US jobless claims data due at 1230 GMT.
  • ECB reassures on accommodative monetary policy.
Published 08 Apr, 2021 05:41pm
GameStop plans $1bn stock sale, shares slide
Markets

GameStop plans $1bn stock sale, shares slide

  • The company said it would sell up to 3.5 million shares and use the proceeds to speed up the shift in its business model to e-commerce in an overhaul being led by top shareholder and board member Ryan Cohen.
  • GameStop's stock has gained more than 900% so far this year, giving the company a valuation of as much as $34 billion at one point as retail traders bet against Wall Street hedge funds that had shorted its shares.
Published 05 Apr, 2021 05:26pm
Aussie, kiwi up
Business & Finance

Aussie, kiwi up

SYDNEY: The Australian and New Zealand dollars were slightly higher on Tuesday, as risk appetite in Asia recovered...
Published 31 Mar, 2021 05:42am
Bonds crash stock market rally
Markets

Bonds crash stock market rally

  • Wall Street rallied on the news, with the Dow ending above 33,000 points for the first time, while the S&P 500 also chalked up a record.
Published 18 Mar, 2021 08:08pm