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News
HSBC Increases S&P 500 Forecast as Earnings Growth Exceeds Expectations
1+ day, 2+ min ago (339+ words) HSBC increased its year-end 2026 S&P 500 target by 450 points to 8,100, with strategist Nicole Inui attributing the revision primarily to the outlook for corporate earnings. Earnings per share grew by close to 40% during the first half of 2026, according to the bank,…...
Roche’s collaborator MediLink announces phase III data for Tam-Peli showing significantly improved overall survival in Chinese patient population with relapsed small-cell lung cancer
1+ day, 15+ hour ago (328+ words) Tambotatug pelitecan (Tam-Peli) demonstrated statistically significant efficacy over topotecan in a phase III study conducted in China, reducing the risk of death by 54% and disease progression by 71%, while achieving an objective response rate of 59.1% vs 9.7%1 The novel B7-H3-targeted antibody-drug conjugate…...
AirBaltic bond yields soar as embattled carrier faces crunch creditor meeting
4+ day, 10+ hour ago (473+ words) Sept 10 (Reuters) - Bond yields on embattled airline airBaltic's debt are sending a warning signal ahead of a crunch investor meeting this week. Yields hit a record high on Wednesday, reflecting investor anxiety ahead of Friday's meeting that will decide the…...
Italian unions call one-day strike at Electrolux over job cut plan
4+ day, 23+ hour ago (232+ words) MILAN/STOCKHOLM, Sept 9 (Reuters) - Italian unions on Wednesday called a strike at Electrolux's facilities in the country on September 15, saying there had been no progress in talks with the appliances maker on a restructuring plan that includes job cuts and…...
ECB meets, weighing a tricky balance between savers and spenders
5+ day, 13+ hour ago (627+ words) The European Central Bank is widely expected to raise its key interest rate after a two-day meeting starting Wednesday, trying to push down inflation without denting economic growth. Higher borrowing costs put a damper on spending plans for both firms…...
Italy's League says banks should contribute up to €3 billion to state budget in 2027
6+ day, 44+ min ago (268+ words) ROME, Sept 8 (Reuters) - Italian banks should contribute up to €3 billion euros ($3.49 billion) to help the government fund tax cuts and spending hikes in next year's budget, the co-ruling League party said in a statement on Tuesday. A 5% levy (on profits)…...
Yen extends gains as traders eye rate hike, tech rallies again
6+ day, 12+ hour ago (598+ words) The yen extended gains Tuesday, putting it in range of a 2026 high against the dollar as investors ramp up bets on Bank of Japan interest rate hikes, while tech firms once again stood out on equity markets. The Japanese unit…...
German exports fall in July
6+ day, 9+ hour ago (72+ words) Yahoo Finance UK UK markets open in 43m German exports fall in July Sept 8 (Reuters) - German exports fell by 0.8% in July compared with the previous month, data from the federal statistics office showed on Tuesday. Economists had on average expected a…...
France sells bonds at highest rate since 2008 amid deficit worries
1+ week, 4+ day ago (284+ words) The French Treasury had to sharply increase the interest rate offered in its latest sale of benchmark government bonds on Thursday, highlighting the stakes in a fierce budget and deficit debate ahead of next year's presidential debate. The rate on…...
German growth prospects brighten as economy defies Mideast turmoil
1+ week, 4+ day ago (361+ words) German growth this year is set to come in stronger than previously estimated, leading research institutes said Thursday, as Europe's biggest economy withstands the fallout from the Middle East war. The surge in energy costs unleashed by the conflict had…...