Tag: per
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Verizon lifts annual forecasts, signs $1 billion fiber deal with Google
July 24 : Verizon raised its annual adjusted profit forecast and said it had secured a more than $1 billion deal with Google to provide dark fiber connectivity for its data centers, sending the telecom operator’s shares up 3 per cent.More agreements are expected by the year-end that could generate multiple bi
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Stocks claw back some losses; yields hold near highs as inflation fears linger
July 24 : Global bond yields hovered near multi-decade highs on Friday as high oil prices stemming from the Middle East conflict stoked concerns about inflation and rate hikes, while U.S. and European shares edged above this week’s lows.News that the U.S. administration will impose higher tariffs on goods fro
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Oil retreats from above $100, but set for weekly rise on Middle East escalation
LONDON, July 24 : Oil futures prices fell over 3 per cent on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran. Brent futures fell nearly $4, or 3.96 per cent, to $96.70…
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Verizon lifts annual forecasts as new mobile plans spur subscriber gains
July 24 : Verizon raised its annual forecast for adjusted profit and free cash flow, as the network provider’s latest unlimited 5G plans and rewards programs helped it add more wireless subscribers than expected in the June quarter. Shares of the company were up 3 per cent in premarket trading on Friday.
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World stocks head for weekly fall, yields at multi-decade highs as oil fuels inflation fears
July 24 : World stocks were headed for a weekly loss and long-dated bond yields hovered around multi-decade highs on Friday, as a near-40 per cent rise in oil prices this month due to the intensifying conflict in the Middle East ignited inflation fears and expectations for rate hikes around the globe.MSCI’s a
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Oil prices head for weekly rise on Middle East escalation
LONDON, July 24 : Oil futures prices retreated on Friday but are still set for hefty weekly gains because of concerns about disrupted energy flows in the Red Sea and fears of further escalation in the U.S.-Israeli war with Iran. Brent futures fell $1.82, or 1.81 per cent, to $98.87 a barrel at 0747 GMT,…
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Yen heads for biggest weekly drop since May despite Tokyo’s support pledges
July 24 : The yen was on course for its steepest weekly decline since May on Friday, capping a turbulent stretch that has sent the currency to new 40-year lows versus the dollar despite Japan’s pledges to stabilise the currency.Verbal efforts to support the yen have had limited effect, and some analysts belie
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Asian stocks sink, bonds struggle as oil spike stokes rate risks
SYDNEY, July 24 : Asian shares sank on Friday as a near 40 per cent rise in oil prices this month due to the intensifying conflict in the Gulf revived inflation fears, rattling bond markets and stoking rate hike expectations globally. European bourses, however, are headed for a steady open after losses a day
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Asian stocks skid as oil spike revives inflation fears, bonds take a hit
SYDNEY, July 24 : Asian shares fell on Friday as oil prices stormed back above $100 a barrel amid an intensifying conflict in the Gulf, rattling bond markets and reviving fears of a fresh inflation shock.Brent crude held at $100.85 a barrel, after surging 7 per cent overnight to a two-month high of $102 as…
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Oil set for weekly rise amid Red Sea shipping attacks, Kazakhstan output cuts
BEIJING, July 24 : Oil headed for weekly gains on Friday, as Houthi attacks on tankers in the Red Sea sparked worries about the closure of a second shipping chokepoint, while Kazakhstan temporarily cut output after its main export route was forced to shut.Brent futures eased 72 cents, or 0.72 per cent, to $99
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