Finance

Unusual trading in Equifax options in mid-August suggests millions of dollars in profit were generated after Thursday’s disclosure of a massive data breach at the credit reporting company affecting 143 million consumers and their personal information. Shares of Equifax tumbled nearly 14 percent on Friday in the wake of the disclosure of the breach. Until
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Akzo Nobel issued a profit warning on Friday and announced a revamp that will include the chief financial officer stepping aside and a shake-up to its paints and industrial coatings businesses. The Dutch company, citing cost inflation and currency headwinds, said it would not achieve the 100 million euros ($121 million) in 2017 operating profit
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Shares in the property market, another set of old-economy companies, have also climbed, even though not all stocks in the sector have experienced the same boost. Share prices of property developer Vanke spiked 23.14 percent from Jun. 1 until Thursday, after mostly stagnating in the first four months of the year. Poly Real Estate has
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Andrew Harrer | Bloomberg | Getty Images Stanley Fischer, vice chairman of the U.S. Federal Reserve The U.S. dollar fell against a basket of currencies on Wednesday after Federal Reserve Vice Chairman Stanley Fischer announced his resignation. The dollar index hit an eight-day low of 92.005 and hovered around that level at 11:31 a.m. in
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Check out the companies making headlines after the bell: Shares of Semtech dove 11.5 percent after hours following a mixed earnings announcement. The company beat earnings estimates but fell short of revenue estimates. The chip maker expects third quarter revenue between $145 million and $153 million and earnings per share between 48 cents and 52
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The report, which surveyed about 4,000 people across China, India, Hong Kong, Singapore, Thailand, Philippines and Indonesia, also found that despite the preference for cash, awareness of newer methods of payments was high. Nearly half said they were familiar with digital wallets and 23 percent said they knew what contactless payments using credit or debit
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Michael Nagle | Bloomberg | Getty Images Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., on Monday, Aug. 21, 2017. Check out the companies making headlines after the bell: Finish Line shares plunged 23 percent in extended trading after the company announced its second quarter sales decreased
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Oaktree’s Howard Marks sounded a general alarm last week about the state of stock markets, private equity, credit markets and — for good measure — new digital currencies like bitcoin and ethereum. Essentially, he wrote in his letter to investors that everything is overvalued. On the cryptocurrencies, he went further. He stated several times that
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BlackRock, the largest asset manager in the world, posted second-quarter earnings and revenue that missed expectations. The company posted second-quarter adjusted earnings per share of $5.24 on revenue of $2.965 billion. In the year-earlier period, the company had posted adjusted earnings of $4.78 per share on sales of $2.804 billion. BlackRock shares fell 0.8 percent
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The head of Hong Kong-listed China Minsheng Banking said it had lent Anbang Insurance Group only US$100 million, brushing aside speculation about a loan of up to 100 billion yuan (US$15 ­billion) to the insurance and financial giant, mainland ­media reported. The remarks by the bank board chairman, Hong Qi, came after reports that Anbang
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A flood of Chinese bankers is changing the social fabric of Hong Kong, as they rapidly expand their footprint in one of the world’s premier financial centres, even as Beijing struggles to tame the former British colony politically. Twenty years after Hong Kong’s handover to Chinese rule, scores of mainland professionals are filling the elite
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