Warren Buffett's favourite holding period -- forever -- has few fans these days, with the average length of time shares spend in a portfolio hitting record lows this year as investors surf wild market swings for quick gains.
World stocks began August cautiously as U.S. lawmakers struggled to agree a new stimulus plan following a global surge of COVID-19 cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.
Russian oil and gas condensate output increased to 9.8 million barrels per day (bpd) on Aug. 1-2 from 9.37 million bpd in July as the country eases production curbs under an OPEC+ deal, a source familiar with data said on Monday.
(RTTNews) - Asian stocks ended mixed on Monday as upbeat factory activity data was offset by lingering worries about the relentless surge in coronavirus cases across the world and rising U.S.-China tensions.
Lebanon's Foreign Minister Nassif Hitti resigned on Monday over what he described as lack of political will to reform as his nation wrestles with a financial crisis posing the biggest threat to stability since a 1975-1990 civil war.
The pound was steady on Monday, strengthening versus the euro and holding above $1.30, as investors weighed the government's strategy of local lockdowns and looked ahead to the Bank of England's policy meeting on Thursday.
Shares in wind turbine maker Nordex jumped 12.8% in pre-market trade on Monday after the group agreed to sell most of its project development pipeline to RWE for 402.5 million euros ($474 million).
(RTTNews) - NTT Docomo Inc. (DCM) reported Monday that its first-quarter profit attributable to shareholders increased 1.5 percent to 195.3 billion yen from 192.3 billion yen in the previous year.
(RTTNews) - Japanese automaker Suzuki Motor Corp. (SZKMF.PK, SZKMY.PK) Monday reported that its net income attributable to owners of the parent for the first quarter fell by 95.6 percent to 1.8 billion yen. The Group said its operating income for the period slid by 97.9 percent
Lloyd's of London insurer Hiscox swung to a first-half loss on Monday as it set aside $232 million for claims stemming from the coronavirus crisis, including cancellations of major events, travel and media and entertainment disruptions.
Asian share markets were mixed on Monday as U.S. lawmakers struggled to hammer out a new stimulus plan amid a global surge of new coronavirus cases, though a squeeze on crowded short positions left the dollar clinging to a tentative bounce.
British engineer Senior Plc shelved its interim dividend on Monday as it swung to a first-half loss, weighed by higher costs and as sales were hammered by coronavirus-led production cuts across the air industry and other manufacturing partners.
(RTTNews) - Drug makers Sanofi (SNYNF, SNY) and GlaxoSmithKline plc (GSK.L, GSK) announced Monday that they are in advanced discussions with the European Commission for the supply of up to 300 million doses of a COVID-19 vaccine.
Britain's FTSE 100 index is seen opening 23 points higher at 5,921 on Monday, according to financial bookmakers, with futures down 0.3% ahead of cash markets open.
Suzuki Motor Corp on Monday saw its operating profit nearly wiped out during the first quarter because of plunging car demand in India, its biggest market, where coronavirus infections continue to increase.
(RTTNews) - German medical technology company Siemens Healthineers (SMMNY.PK) reported Monday that its third-quarter net income declined 23 percent to 271 million euros from last year's 353 million euros.
China's yuan forwards hit a more than 2-1/2 year high on Monday, driven by expectations of a widening yield gap between the world's two largest economies.
Non-Standard Finance PLC said on Monday that the Financial Conduct Authority (FCA) had raised a number of concerns about its guarantor loans division, prompting it to put on hold plans for a share issue.
South Africa's rand fell to its weakest in more than three weeks on Monday, as fears about the economic fallout from rising COVID-19 cases dented investors' appetite for riskier assets.
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