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Australia's Beach Energy rises on stronger quarterly production results

BUZZ-Australia's Beach Energy rises on stronger quarterly production results ** Shares of Beach Energy BPT.AX rise as much as 4.5% to A$1.275, hitting their highest level since Oct 8 ** Oil and gas explorer reports 10% increase in Q1 production compared to previous quarter ** Co reported revenue of A$427 mln($286.09 mln) for the quarter, in line wi
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 18 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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Waiting for the big one ... China GDP

CORRECTED-MORNING BID ASIA-Waiting for the big one ... China GDP Corrects to remove references to Malaysia GDP in paragraph 1, 'Key Developments' section; preliminary Malaysia GDP is scheduled for release on Monday By Jamie McGeever Oct 18 (Reuters) - A look at the day ahead in Asian markets. Anyone hoping for a quiet end to the trading week in Asia will be disappointed, as investors brace for a batch of top-tier economic data on Friday that includes Japanese inflation and the main event - Chine
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What to expect in 2024: Forecasts for GDP, inflation and other assets

FACTBOX-What to expect in 2024: Forecasts for GDP, inflation and other assets Updates with Citigroup's EUR/USD forecast Oct 17 (Reuters) - The U.S. Federal Reserve finally cut its interest rate by an oversized 50 basis points (bps) in its Sept 17-18 meeting that Chair Jerome Powell said was meant to show policymakers' commitment to sustaining a low unemployment rate now that inflation had eased.
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Truist's Q3 profit beats estimates as investment banking recovers

Truist's Q3 profit beats estimates as investment banking recovers Oct 17 (Reuters) - Truist TFC.N surpassed Wall Street's third-quarter profit estimates on Thursday, driven by higher income from investment banking and trading amid a recovery in capital markets activity. After over two years of sluggish activity due to rising interest rates and stock market volatility, banks are seeing a resurgence in investment banking businesses, as corporate clients pursue large mergers and acquisitions, debt
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U.S. Constellation Energy, Morgan Stanley, Uber

U.S. RESEARCH ROUNDUP-Constellation Energy, Morgan Stanley, Uber Oct 17 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S.-listed companies, including Constellation Energy, Morgan Stanley, and Uber, on Thursday. HIGHLIGHTS * Constellation Energy Corp CEG.O : J.P. Morgan initiates coverage with overweight rating * Illumina Inc ILMN.O : HSBC raises to buy from hold * Morgan Stanley MS.N : RBC raises target price to $122 from $108 * Uber UBER.N : Dai
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China's yuan steady after housing policy announcement, eyes Q3 GDP

China's yuan steady after housing policy announcement, eyes Q3 GDP SHANGHAI, Oct 17 (Reuters) - China's yuan held steady against the U.S. dollar as reactions to the country's housing policy briefing were muted overall and as investors await China's economic activities data due on Friday. The dollar edged down on Thursday but still stood near 2-1/2-month highs on the prospect of a Donald Trump presidency.
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Top Economic Events to November 28

DIARY-Top Economic Events to November 28 Oct 17 (Reuters) - For other diaries, please see: Top Economic Events M/DIARY Emerging Markets Economic Events EMRG/DIARY Government Debt Auctions D/DIARY Political and General News POL/DIARY U.S. Federal Reserve FED/DIARY Today in Washington WASH/DIARY ------------------------------------------------------------- This Diary is filed daily.
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Goldman, Citi among 22 banks on CD&R’s buyout of Sanofi unit - Bloomberg News

MEDIA-Goldman, Citi among 22 banks on CD&R’s buyout of Sanofi unit - Bloomberg News -- Source link: https://tinyurl.com/kk8h626c -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Boeing hones $15 billion financing plan to weather crises, sources say

UPDATE 4-Boeing hones $15 billion financing plan to weather crises, sources say Boeing plans to raise $15 billion via stock and hybrid bonds -sources Also considering structured finance transaction to raise $5 billion - source Company faces regulatory scrutiny, production curbs and customer confidence loss Planemaker's investment grade rating is in peril Adds consideration of structured finance deal in paragraph 3 By Shankar Ramakrishnan, Echo Wang and Tim Hepher Oct 16 (Reuters) - Boeing BA.N i
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US banks rise as top lenders surpass Q3 profit estimates

BUZZ-US banks rise as top lenders surpass Q3 profit estimates ** U.S. banking index tracking .BKX large-cap stocks up ~1.7% after Morgan Stanley's MS.N Q3 results ** MS last up ~6.6% after hitting record high earlier in the session as its Q3 profit beat estimates on a rebound in dealmaking and debt underwriting ** "The stars are aligning for the business.
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Boeing closes in on $15 billion financing via stock, hybrid bonds

Boeing closes in on $15 billion financing via stock, hybrid bonds Oct 16 (Reuters) - Boeing BA.N is closing in on a plan to raise around $15 billion with common shares and a mandatory convertible bond as the jet maker bolsters finances worsened by a crippling strike , four sources familiar with the matter told Reuters. The company on Tuesday said in regulatory filings that it could raise as much as $25 billion in stock and debt with its investment-grade credit rating at risk.
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Jamie Dimon charts JPMorgan expansion plan into Africa

EXCLUSIVE-Jamie Dimon charts JPMorgan expansion plan into Africa Adds Nairobi dateline, context in paragraph 18-19 JPMorgan to enter Kenya and Ivory Coast this year Challenges include competing with local and regional lenders Focus on commercial and investment banking, treasury services Global banks navigate geopolitical risks in Africa By Nupur Anand, Duncan Miriri NEW YORK/NAIROBI, Oct 16 (Reuters) - JPMorgan Chase JPM.N , the largest U.S.
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Sustainable Finance Newsletter - Nuclear renaissance must still solve for spent fuel

Sustainable Finance Newsletter - Nuclear renaissance must still solve for spent fuel By Ross Kerber Oct 16 (Reuters) - Thirteen years ago, after the disaster at Japan's Fukushima nuclear power plant, a colleague and I wrote up the problem vexing the U.S. nuclear power industry : how to handle thousands of tons of spent fuel rods. I recently learned that only a little has changed in the years since , throwing some cold water on all the excitement about new nuclear power deals.
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Jamie Dimon charts JPMorgan expansion plan into Africa

EXCLUSIVE-Jamie Dimon charts JPMorgan expansion plan into Africa Updates with analyst comment in paragraphs 4-6, earnings in last paragraph JPMorgan to enter Kenya and Ivory Coast this year Challenges include competing with local and regional lenders Focus on commercial and investment banking, treasury services Global banks navigate geopolitical risks in Africa By Nupur Anand NEW YORK, Oct 16 (Reuters) - JPMorgan Chase JPM.N , the largest U.S.
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Citi hires Davis from Wells Fargo as head of growth equity for North America

Citi hires Davis from Wells Fargo as head of growth equity for North America By Abigail Summerville NEW YORK, Oct 16 (Reuters) - Citigroup C.N has hired equity capital markets banker Cully Davis from Wells Fargo as the head of its growth equity unit in North America, according to a memo seen by Reuters. The move comes as the Wall Street bank is looking to strengthen its equity capital markets (ECM) group and win more mandates on high-profile initial public offerings (IPOs), as it has recruited t
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E.ON, Sabanci hire Citi, JPM for power producer Bloomberg News

MEDIA-E.ON, Sabanci hire Citi, JPM for power producer IPO- Bloomberg News -- Source link: https://tinyurl.com/4u2jd77u -- Note: Reuters has not verified this story and does not vouch for its accuracy
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Citi's regulatory issues blunt turnaround thesis, BofA says

BUZZ-Citi's regulatory issues blunt turnaround thesis, BofA says ** Citigroup's C.N elevated regulatory overhang over the last few months has blunted the turnaround thesis championed by CEO Jane Fraser, BofA Global Research says in a client note ** Citi shares closed ~5% lower on Tuesday after results, reversing course from premarket; Bank beat pro
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Street View: Citi turnaround progressing, but near-term headwinds loom

BUZZ-Street View: Citi turnaround progressing, but near-term headwinds loom ** Citigroup C.N posted a smaller-than-expected drop in profit for the third quarter as debt underwriting propped up investment banking results ** Median PT of 22 brokerages covering the stock is $71.21 - LSEG data BUMPY ROAD AHEAD ** Piper Sandler ("overweight", PT: $73) s
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Street View: ASML's outlook turnaround underscores sector growth concerns

BUZZ-Street View: ASML's outlook turnaround underscores sector growth concerns ** Analysts say ASML's ASML.AS 2025 outlook cut will lead to consensus downgrades and casts doubt over sector growth ** The ASML shares fall for a second day straight after it forecast lower than expected 2025 sales and bookings due to sustained weakness in some parts of
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