Saab profit rises, sees sales growth at upper end of forecast range
By Niklas Pollard STOCKHOLM (Reuters) -Swedish defence material maker Saab on Tuesday reported a slightly bigger-than-expected rise in third-quarter operating earnings and affirmed its outlook for surging sales and profits this year as countries scramble to re-arm. The company reported…
Asia shares wobble while bitcoin and gold rally
By Rae Wee SINGAPORE (Reuters) – Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Hong Kong stocks, but bitcoin scaled a three-month peak as “Trump trades” continued to ramp up. Gold hit…
Taiwan stocks higher at close of trade; Taiwan Weighted up 1.88%
Investing.com – Taiwan stocks were higher after the close on Monday, as gains in the Semiconductor, Electronics and Electrical/Machinery sectors led shares higher. At the close in Taiwan, the Taiwan Weighted gained 1.88% to hit a new 3-months high. The…
UBS sells its 50% stake in Swisscard to American Express
ZURICH (Reuters) -UBS is offloading part of the Credit Suisse business it acquired last year with a deal to sell the fallen bank’s 50% stake in credit card provider Swisscard. UBS will sell its 50% holding in the company to…
US equity bears are no match for FOMO + TINA: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -FOMO and TINA are two English-language acronyms that have become common parlance in financial markets. Together, they help explain the relentless rise of U.S. equities – a trend that now should probably be raising…
Australia stocks higher at close of trade; S&P/ASX 200 up 0.74%
Investing.com – Australia stocks were higher after the close on Monday, as gains in the Gold, Metals & Mining and Resources sectors led shares higher. At the close in Sydney, the S&P/ASX 200 added 0.74%. The best performers of the…