News
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Commodities
BUZZ-COMMENT-Options stand to gain from eventual EUR/USD break-out
Feb 27 (Reuters) - EUR/USD is lacking a catalyst to break the 1.0400-1.0500 range which has contained it since a recovery from 2-year lows at 1.0125 on February 3. FX Options will benefit from increased FX volatility in either direction and may be the tool of choice to benefit from an eventual break...Reuters
Thu, Feb 27
Other
Direct Line acquisition accelerates Aviva's pivot to capital-light structure: Blanc
By Aidan GregoryFeb 27 - (The Insurer) - Aviva expects its takeover of Direct Line Group to supercharge its effort to power its earnings via capital-light business, according to CEO Amanda Blanc.On its 2024 annual results call on Thursday, Aviva said its acquisition of rival UK home and motor insure...Reuters
Thu, Feb 27
Cryptocurrencies
Is Bitcoin Showing Another False Downside Deviation? Analyst Weighs In
Bitcoin (BTC) succumbed to heightened global economic uncertainty as it tumbled to $85,418 earlier today, wiping out more than $150 billion from its total market capitalization in the last 48 hours. The sharp decline has left investors on edge, but seasoned crypto analyst Rekt Capital suggests that ...Bitcoinist
Thu, Feb 27
Stocks
The Smartest Growth Stock to Buy With $2,000 Right Now
If you're looking for an attractive growth stock in this expensive market, consider Garmin (NYSE: GRMN) for your next purchase. Sure, the tech giant's shares have rallied since early 2023, and the stock's valuation is near a 10-year high. Yet Garmin has earned its premium valuation, which doesn't pr...The Motley Fool
Thu, Feb 27
Stocks
BUZZ-Ormat Technologies rises after Q4 profit beat
** Shares of renewable energy company Ormat Technologies ORA.N rise 3.2% to $70.44 premarket** Company on Wednesday reported Q4 adj. earnings of 72 cents per share vs analysts' avg. est. of 51 cents - data compiled by LSEG** ORA posted Q4 adj. core profit of $145.5 million, compared with $139 mi...Reuters
Thu, Feb 27
Other
Tencent releases new AI model, says replies faster than DeepSeek-R1
Adds context in paragraphs 3-6 BEIJING, Feb 27 (Reuters) - Chinese tech giant Tencent 0700.HK on Thursday released a new AI model that it says can answer queries faster than global hit DeepSeek's R1, in the latest sign the startup's domestic and overseas success is putting pressure on its...Reuters
Thu, Feb 27
Forex
Sterling steady as Trump threatens EU with tariffs
By Samuel Indyk LONDON, Feb 27(Reuters) - The British pound was little changed against the dollar on Thursday, trading just below a more than two-month high hit the previous day, as U.S. President Donald Trump's tariff threats turn towards the European Union. Sterling GBP=D3 was last at $1.26...Reuters
Thu, Feb 27
Other
Irish central bank fines Irish unit of Cantor Fitzgerald 450,000 euros
DUBLIN, Feb 27 (Reuters) - Ireland's central bank fined the Irish unit of Wall Street brokerage Cantor Fitzgerald 452,790 euros ($474,705) on Thursday for failing on a number of occasions to report suspicious transactions that may have indicated market abuse.A central bank investigation identifi...Reuters
Thu, Feb 27
Commodities
ASIA COFFEE-Domestic prices edge lower in Vietnam, discounts narrow in Indonesia
By Phuong Nguyen and Mas Alina ArifinHANOI, Feb 27 (Reuters) - Prices in Vietnam edged slightly lower this week on global cues and dull trading activities, while discounts in Indonesia narrowed, traders said on Thursday. Farmers in the Central Highlands, Vietnam's largest coffee-growing region,...Reuters
Thu, Feb 27
Stocks
3 Must-Know Reasons to Buy Airbnb Stock, and 1 Reason to Steer Clear for Now
Airbnb (NASDAQ: ABNB) handily beat Wall Street expectations when it reported its fourth-quarter 2024 financial results on Feb. 13. Revenue of $2.5 billion and earnings per share of $0.73 for the three-month period were both well ahead of consensus analyst estimates.This explains why shares surged 15...The Motley Fool
Thu, Feb 27
Stocks
BUZZ-Teladoc down on wider loss, disappointing revenue forecast
** Shares of telehealth co Teladoc Health TDOC.N fall 15.38% to $9.30 premarket** Co reports Q4 net loss of $48.4 million, or 28 cents per share compared to $28.9 million, or 17 cents per share a year ago** Reports quarterly adjusted core profit of $74.8 million, missing estimates of $82.20 million,...Reuters
Thu, Feb 27
Stocks
US STOCKS-Nasdaq futures lead gains as Nvidia results ease AI demand fears
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.Futures up: Dow 0.26%, S&P 500 0.56%, Nasdaq 0.65% Feb 26 (Reuters) - U.S. stock index futures rose on Thursday as AI bellwether Nvidia's upbeat forecast soothed concerns of cooling ...Reuters
Thu, Feb 27
Stocks
BUZZ-SES rises after Appaloosa proposals
** Shares in SES SESFd.PA are up 6.5% after its shareholder U.S. hedge fund Appaloosa LP proposed to "modernise" the satellite company's share capital and called for a thinner board structure and shareholder returns programme** Appaloosa LP manages funds owning more than 7% of SES and so...Reuters
Thu, Feb 27
Stocks
Hussain: Hiscox targeting London market growth as favourable conditions continue
Hiscox shares rise on share buyback and earnings beatCEO Hussain bullish on “favourable” London market conditionsCalifornia wildfire exposure within modelled rangeRetail business generating long-term structural growthBy Ryan HewlettFeb 27 - (The Insurer) - Hiscox has ambitions to grow its London mar...Reuters
Thu, Feb 27
Stocks
BUZZ-Street View: Salesforce's AI progress trumps revenue miss
** Business software provider Salesforce CRM.N forecast fiscal 2026 revenue below Wall Street expectations on Wednesday, weighed down by slower adoption of its Agentforce platform** CRM's shares down ~4.34% at $294 in premarket tradingAGENTFORCE STILL PROMISING** Barclays ("overweight," ...Reuters
Thu, Feb 27
Commodities
Standard Chartered lays out detailed net zero transition plan
Feb 27 (Reuters) - Standard Chartered STAN.L on Thursday disclosed a detailed plan outlining its integration of climate considerations into its business operations, aiming for net zero targets across its financing activities by 2050 and its operations by 2025.The plan comes a few days after the bank...Reuters
Thu, Feb 27
Other
Canada's RBC quarterly profit rises as wealth management business remains robust
Adds details on wealth management business in paragraphs 2 & 3Feb 27 (Reuters) - Royal Bank of Canada RY.TO on Thursday reported a higher first-quarter profit, helped by strong performance in its wealth management unit. The Canadian central bank's decision to continue cutting rates in the r...Reuters
Thu, Feb 27
Stocks
UK's FTSE 100 bucks European gloom on Rolls-Royce, LSEG boost
For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news windowRolls-Royce, LSEG gain on upbeat forecastsAviva gains after FY profit beats estimatesOcado drops amid slower warehouse roll-outsFTSE 100 up 0.1%, FTSE 250 down 0.8% Feb 27 (Reuters) - UK'...Reuters
Thu, Feb 27
Stocks
BUZZ-U.S. ad firms slip after London rival WPP's weak results
** Shares of ad firms Omnicom OMC.N and Interpublic Group IPG.N fall 2.6% and 0.9%, respectively ** London rival WPP WPP.L reports worse-than-expected decline in organic revenue hurt by weak client spending** WPP CEO Mark Read said it was a "tough market out there," amid pressure in British ...Reuters
Thu, Feb 27
