By Hari Kishan
BENGALURU (Reuters) - The global equity bull run is showing signs of fatigue, with most major stock indexes not expected to repeat last year's stellar performance, according to a Reuters poll of stock analysts who also said a near-term correction was unlikely.
With financial markets paring back 2024 rate cut expectations from major central banks and most stock indexes already trading close to lifetime highs, further gains... (continue reading...)
By Elizabeth Piper and Andrew MacAskill
LONDON (Reuters) - There were tears, anger and frustration as Conservative lawmakers digested their leader Prime Minister Rishi Sunak's decision to call a British election much earlier than they had ever expected.
Some of those who are fighting to retain their seats feared the six weeks left to convince sceptical voters to back them would not be enough. For others who are planning to stand down, it... (continue reading...)
(Reuters) - Hong-Kong based Segantii Capital Management has informed its investors it will return their money, weeks after authorities charged the hedge fund and its founder, Simon Sadler, for insider trading, a spokesperson for the firm said on Thursday.
The development was first reported by the Financial Times.
"We have always believed at Segantii that it is a great responsibility and privilege to professionally manage money — and we... (continue reading...)
(Reuters) - Ralph Lauren on Thursday forecast annual revenue growth below market expectations and named Justin Picicci as its chief financial officer succeeding Jane Nielsen.
The company said it expects annual revenue to rise in low-single digits, centering on about 2% to 3%, compared with market expectations of a 3.98% increase to $6.89 billion.
The company reported fourth-quarter revenue of $1.57 billion that edged past estimates of... (continue reading...)
THIRUVANANTHPURAM, India (Reuters) - At least seven people have died in India's southern state of Kerala after heavier than normal pre-monsoon rains, authorities said, even as much of South Asia grappled with a heatwave.
Pre-monsoon rains were 18% above normal in Kerala this year, causing flooding in parts and disrupting flights at the Kozhikode airport, officials said.
According to the state's Disaster Management Authority (KSDMA), a... (continue reading...)
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