Stock Market News Today

Today’s Top Stock Market News. Daily Overview on the News from the Stock Market.

StockMarketNews.Today - Today’s Top Stock Market News. Daily Overview on the News from the Stock Market.
Stock Market News Today
2018/08/06

 

Turkey central bank injects liquidity into financial sector with policy tweak. Turkey’s central bank on Monday said it would make an adjustment to its reserve policies aimed at bolstering the country’s banking sector amid ructions in the financial market.

Apple, Spotify, Facebook to block content from pro-Trump news site. Apple, Spotify and Facebook have moved to block content from Infowars, a Trump-supporting news website that has been widely decried by liberals for promoting conspiracy theories and hate speech.

US set to re-impose economic sanctions on Iran. Washington has re-imposed a raft of economic sanctions on Iran, as the Trump administration unwinds the relief that the Obama administration gave Tehran as part of the landmark 2015 nuclear deal.

GAM says ‘significant’ conduct concern prompted manager’s suspension. Asset manager GAM has sought publicly to justify its decision to suspend a top bond fund manager last week, accusing him of poor due diligence, breaches of its gifts and entertainments policy, and the inappropriate use of personal email.

Wall Street mixed at the open as trade jitters rattle Chinese stocks. US stocks were mildly mixed on Monday morning following a weak session for European and Asian markets, while the dollar was at its highest in a year.

US boards to authorise $1tn in stock buybacks in 2018 — Goldman. Apple’s leap to $1tn in market value is exciting and all. But there’s another round number that is much more tantalising to Wall Street investors: Boards of US companies may authorise a record $1tn in share buybacks this year.

EU launches counter-measures against US sanctions on Iran. The EU will allow European companies hit by new US sanctions on Iran to sue the American government amid concerns Brussels cannot provide adequate protection for companies operating in Tehran.

Pound hits 11-month low on Brexit no-deal fears. The pound hit an 11-month low on Monday after UK trade secretary Liam Fox said at the weekend that the UK was more likely than not to crash out of the EU without a deal in March.

Indra Nooyi to step down as PepsiCo chief after 12 years at helm. Indra Nooyi is to step down as chief executive and chairman of PepsiCo after more than a decade leading the US beverage and snack maker, the group said on Monday.

UniCredit seeks compensation from Caius hedge fund over capital dispute. UniCredit is claiming €90m in compensation from UK hedge fund Caius Capital, deepening the dispute over whether a big chunk of the capital at Italy’s biggest bank is valid.

Eurozone investor concern over trade eases in August. Sentiment among eurozone investors ticked up in August from July amid a cooling in worries over the global trade spat, according to a survey released on Monday.

Italian bonds pick up after third government buyback. Italian bond prices climbed in early trading on Monday, following the latest debt buyback operation carried out by the national treasury after a decline on Friday.

Rosneft approves $2bn buyback programme. Russian oil company Rosneft has approved a $2bn share buyback programme, as the state-controlled major seeks to boost its attractiveness to investors.

SoftBank profits soar 49% following Flipkart sale. SoftBank has achieved a 49 per cent jump in operating profit during the first quarter of the year, boosted by the sale of its stake in Indian online retailer Flipkart to Walmart.

MoviePass scraps planned price increase, tweaks subscription service. MoviePass is abandoning a planned price rise but cutting back the number of films its subscribers can watch every month, in its latest attempt to ensure its financial survival.

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