The Swiss banking giant will buy between 1 billion and 1.5 billion francs in shares next year, it said ahead of its investor day seminar in London. It added it expects to buy a similar amount in 2020, subject to market conditions, and will raise its dividend 5% annually starting next year.
The worst stock market performance is not when the yield is inverting, but after it begins to steepen again, according to Bespoke.
Last year Eni sealed its first deal in Oman, winning a majority stake in offshore acreage and selling on part to Qatar Petroleum. This year it took a first step into Abu Dhabi, paying $875 million for stakes in two oil concessions and then buying part of the giant Ghasa gas field from state oil group Adnoc.
Snap Inc (SNAP) has pinned its hopes on the over-35 crowd to revive user growth for its photo messaging app, a shift ad buyers said could backfire.
In what is often a boiler plate report on conditions in the banking system and corporate and business debt, the Fed instead warned of “generally elevated” asset prices that “appear high relative to their historical ranges.”
After briefly claiming the top spot on Monday, Microsoft shares rose 0.6 percent Tuesday, pushing the company’s market value to $828.1 billion at the close. The last time Microsoft’s market capitalization was bigger than Apple was in 2010
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than $1 billion on Monday by casino operator Genting Malaysia Bhd
The lawsuit was filed in the U.S. District Court in Los Angeles as Disney prepares to complete its $71.3 billion purchase of many Fox assets, expected in the first quarter of 2019.
Rio Tinto has agreed to sell its controlling stake in the Rössing uranium in Namibia to a state-backed Chinese company.
Canada’s consumer-price index advanced 2.4% on a year-over-year basis in October, Statistics Canada said Friday, following a 2.2% rise in the previous month. Market expectations were for a 2.2% gain in October.
For California fire victims, it will be a long, tough road to rebuild. The costs of some materials are rising, thanks in part to President Trump’s trade war.
The fires that tore through California in the past week have reduced homes to ash, upending lives and leaving thousands in sudden need of shelter. But beyond the immediate challenges of finding a place to live in a state with a perpetual shortage of housing, property owners could face a number of challenges in trying to rebuild.