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14/09/2023

HSBC beefs up research team as part of its US equity coverage expansion

13/09/2023

China's major banks to lower rates on existing first-home mortgages

Global finance system fragmenting; Myanmar crisis worsens: UN chief
12/09/2023

Global finance system fragmenting; Myanmar crisis worsens: UN chief

City of London calls for 'big moves' to boost post-Brexit finance
12/09/2023

City of London calls for 'big moves' to boost post-Brexit finance

The pan-European STOXX 600 index gained the most in two weeks, rising 0.6%, after shedding nearly 1% last week amid worr...
11/09/2023

The pan-European STOXX 600 index gained the most in two weeks, rising 0.6%, after shedding nearly 1% last week amid worries about higher-for-longer U.S. interest rates

European shares hit a one-week high on Monday, buoyed by data indicating signs of stabilisation in the Chinese economy, ...
11/09/2023

European shares hit a one-week high on Monday, buoyed by data indicating signs of stabilisation in the Chinese economy, while traders braced for a busy week with the crucial U.S. inflation print and European Central Bank (ECB) policy meeting in focus.

U.S. Treasury Secretary Janet Yellen predicted that China's sputtering post-pandemic recovery will likely not take a maj...
10/09/2023

U.S. Treasury Secretary Janet Yellen predicted that China's sputtering post-pandemic recovery will likely not take a major toll on the American economy, but could hit east Asian countries hard.

Apple (NASDAQ:AAPL) shares hug the flatline in premarket trading on Friday following a two-day skid sparked by reports t...
10/09/2023

Apple (NASDAQ:AAPL) shares hug the flatline in premarket trading on Friday following a two-day skid sparked by reports that China is telling government officials not to use the California company's iPhone device for work. Elsewhere, two more Federal Reserve policymakers hint that the central bank may skip hiking interest rates at its September gathering, while U.S. Treasury Secretary Janet Yellen suggests that China's post-COVID economic woes may not have a "significant impact" on the United States.

The company reported earnings per share of 25 cents on revenue of $1.2 billion. Analysts expected earnings per share of ...
09/09/2023

The company reported earnings per share of 25 cents on revenue of $1.2 billion. Analysts expected earnings per share of 16 cents on revenue of $1.2 billion.

Shares were down 2.6%. They are up 23% so far this year.

Comparable store sales for its American Eagle brand fell 2%, and revenue of $767 million was down 1%. Aerie revenue rose 2% to $380 million.

For the third quarter American Eagle expects revenue to rise in the low-single digits, better than expectations. It sees operating income in a range of $115 million to $125 million.

For the full year, American Eagle raised guidance, seeing revenue rising low-single digits. Operating income is expected...
09/09/2023

For the full year, American Eagle raised guidance, seeing revenue rising low-single digits. Operating income is expected to be in a range of $325 million to $350 million, also up from prior guidance. The company said this reflects better than expected business performance in the second quarter, in addition to strengthened demand and continued profit improvement in the back half of the year.

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